Business Simulation

Brief description

Types and characteristics of processes of operational performance; internal flow of material and cash flow; stock and flow rates; balance sheets, income statement, cash flow statement; decision and management processes; management decisions and their effects on operations

Mode of delivery

face to face

Type

compulsory

Recommended or required reading and other learning resources/tools

Elliott, B. / Elliott, J. (2019): Financial Accounting and Reporting, 19th edition, Pearson

Planned learning activities and teaching methods

Board game-based business simulation

Assessment methods and criteria

Practical course without exam, continuous assessment stems from participation during game-based business simulation and results in the grading: successfully participated

Prerequisites and co-requisites

none

Infos

Degree programme

European Economy and Business Management (English)

Cycle

Bachelor

ECTS Credits

1.00

Language of instruction

English

Curriculum

Full-Time

Academic year

2023

Semester

1 WS

Incoming

No

Learning outcome

After successful completion of the course, students can show the effects of elementary operational business decisions on the performance of a company and how they are reflected in finance and accounting. They also can illustrate the essential relationships and interactions between the balance sheet, income statement, cash flow and profitability ratios (2).
LO 3.1. carry out measures of management consultancy

Course code

1389-20-01-VZ-DE-02