Business administration compact

Thinking and acting entrepreneurially

• The business case is the basis of corporate management.
• Objectives of companies: Profitability and liquidity.
• Why yield pressure?
• The language of business economists: EBIT, RoI, RoE and RoS, working capital and (free) cash flow.
• Corporate management as an exciting journey.

Strategy, planning and control

• Objectives and tasks of corporate planning.
• The growth dogma: Why steady sales growth brings benefits.
• Organizational energy: values, mission, vision, goals, strategy.
• The interplay of customer orientation, management culture and financial success.

Controlling and accounting

• Value-oriented management: cash conversion cycle and working capital management.
• The controlling cycle: financial controlling, strategy controlling, investment controlling, profit controlling.
• Cost accounting: product costing, contribution margin accounting, break-even analysis, profit center accounting.
• Investment controlling with amortization period, net present value and internal rate of return.
• Sources of financing and cost of capital.

Annual financial statements and analysis

• Balance sheet, income statement, cash flow statement, management report.
• Quick Check: The five levels of key figure analysis of annual financial statements.
• The annual financial statements are an indispensable tool for understanding a company.
• Factors influencing international accounting: HGB and IFRS.

Business administration and corporate environment

• Business and economic variables and their influence on the company.
• What's going on on the global capital markets?
• How companies react to market conditions.
• The CEO model: leadership culture, customer satisfaction and economic strength.