What is the difference between controlling and accounting? What is behind terms such as break-even point, cash flow or contribution margin? And what constitutes successful economic activity? This e-learning provides answers to these and other fundamental questions in business administration - in an understandable and practical way. If you are repeatedly confronted with business administration terms and questions in your everyday work that you cannot easily classify and interpret, this e-learning will help you to develop an understanding of business administration. You will be able to analyze basic business figures and correlations and successfully align your own actions with them.
Learning objectives
- You are familiar with the most important terms and contexts of business administration.
- You know your contribution to your company's value creation process.
- You can explain the difference between accounting and controlling.
- They can assess and compare the profitability of products or services on the basis of contribution margin and break-even point.
- They can recognize and explain the effects of entrepreneurial decisions on the cost structure in the company.
- They know how to recognize whether an investment is worthwhile.
- They recognize successful economic activity in a company's income statement and balance sheet.
- You will be familiar with key business figures, be able to interpret and scrutinize them and derive consequences for your work.
- You can get involved in business topics and ask specific questions.
Recommended for
For all employees in companies who have no training in business administration and would like to familiarize themselves with the topic in order to be able to analyze business management relationships and align their actions accordingly.