Fundamentals of business administration in finance and controlling for scientists

The participants will get a basic insight into business administration. After the seminar you will be able to read a balance sheet and a profit and loss statement. You will know how depreciation is calculated and why a company creates it in the first place. We will then transfer the figures from the accounting to the cost and activity accounting. Here we will learn what happens to the numbers in cost and activity accounting in order to then calculate a price. We will talk about possibilities of financing projects or investments and then see the essential things summarized in a controlling report. The seminar has a practical reference to companies.

Main focus:

• Basics of accounting
• Accounting
• Inventory, structure of balance sheet, P&L, BWA, depreciation Cost and activity accounting: cost centers, cost center types, cost center objects, goals, basics and structure, imputed costs, full cost accounting / partial cost accounting, operational accounting sheet
• Price calculation: forward, backward, differential calculation, abbreviated calculation, contribution margin calculation, break even
• Types of financing: external and internal financing
• Controlling: report, key figures