Economics and Management in Automotive Industry

The nature of economics. The accounting as a part of organisation's information system.
External financial statements: the balance sheet, the income statement, the statement of changes in financial position.
The operational cycle of enterprise. Fixed assets current assets. Cost, revenues, net income and cash-flow.
Investment decisions: time value of money, discounted cash-flow, net present value, payback period.
Tax System - basic concepts
Fundamentals of Business Management - the meaning of management, basic management functions, application of principles of management in different areas of the company