Study Guide

Objective

The student
- knows what is meant by good accounting ethics
- can perform basic accounting and track the cash flow of natural resources
- knows the requirements for tax accounting
- is aware of the entrepreneur's obligations to report and pay VAT, employer contributions and statutory insurance
- can evaluate a company's financial statements (balance sheet and income statement) and assess the need for changes in business strategy
- knows the overall purpose of financial management
- can perform and evaluate various cost and revenue analyses taking into account sustainability, profitability and efficiency
- understands the importance of using key figures in evaluating a business
- knows how to assess and take into account risks in a business
- can make an appropriate budget for a business

Content

Fundamentals of accounting in legislation and applicable tax laws:
- Accounting ethics
- Basics of double-entry accounting
- Notification and payment of VAT, employer performance and statutory insurance
- The financial statements (balance sheet and income statement) related to income tax
Fundamentals of financial management for small businesses:
- The purpose of financial management
- The most important methods and tools of financial control
- Cost and revenue analyzes taking into account sustainability, profitability and efficiency
- Important financial indicators
- Risks with business operations
- Exercise in budgeting and calculation

Evaluation scale

H-5

Qualifications

No previous knowledge required