Developing Economical Skills (10 cr)

Objectives (course unit)

The student will be able to:
• utilize different economic analyses while managing business
• make changes to the operations of their enterprise according to the information received from the analyses
• understand the impact of the sales process in regards to cash flow management and apply it to their own actions
• perceive the significance of the steady cash flow in a small business
• comprehend the basics of company taxation and VAT and apply them in their own business

Content (course unit)

How do I ensure the consistent cash flow of my enterprise?
How do I control the profitability and financial solidity of my enterprise?
How does the VAT influence my cash flow?
How are the taxes of an entrepreneur determined?

Assessment criteria, pass/fail (course unit)

Passed
The student is able to understand the economic analyses in order to manage the business of an enterprise including planning cash flow, profitability and taxation.

Failed
The student is not able to understand the economic analyses in order to manage the business of an enterprise.

Assessment scale

0-5

Further information

if selected, minimum of 3 credits