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Economics. Practical tools

Economics. Practical tools

1. Introduction to the concept of economics
2. Economic instruments
2.1. Management accounting as an expression of the practical application of the economy
2.2. Basic concepts: Revenues, costs, payments, payments
2.3. Critical Cost Analysis
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2.4. Costs, their classification. Goals and objectives of classification
2.4.1. Direct and indirect costs
2.4.2. Variable and fixed costs
2.4.3. Basic and overhead costs
2.4.4. Current and investment costs
2.4.5. Group work on the classification of costs for the case study
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2.5. Three main types of reports:
2.5.1. Profits and Losses Report
2.5.2. Cash flow statement
2.5.3. Balance
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2.6. Financial indicators and ratios
2.6.1. EBITDA
2.6.2. ROE, ROA
2.6.3. Payback
2.6.4. Working in groups on the preparation of reports on the example of cases
3. Summing up the module
4. Questions - Answers