Syllabus

Thematic definition of lectures: 1. Definition of the essence and basic features of the enterprise. The enterprise as a goal-oriented system. 2. Enterprise life cycle and managerial decisions in individual stages of the enterprise life cycle. Dissolution of an enterprise with and without liquidation. 3. Typology of enterprises and characteristics of individual criteria of typology and their use in economic practice. Enterprise pooling and competition protection. 4. Enterprise transformation process. Gutenberg's measurable value approach, elements, phases and spheres of the transformation process. Porter's approach to primary and cross-cutting corporate activities. Human resources of the enterprise. Staff selection as a factor influencing the outcome of work. Creation of optimal working conditions and corporate social services, their impact on worker performance. Remuneration of workers. Broader and narrower contexts of the formation of wage resources. Selected parts of labour legislation. Principles of remuneration. Forms of wages, advantages, disadvantages, wage structure. 5. Labour productivity, nature and indicators of labour efficiency, factors of labour productivity growth. Analytical decomposition of labour productivity, evaluation of labour productivity relations with selected enterprise indicators. Enterprise assets, nature and classification of assets. 6. Non-current assets, classification, valuation for tax and accounting purposes, acquisition, depreciation and the impact of depreciation on the economic results of the enterprise, depreciation policy of the enterprise. Disposal of non-current assets, effect of residual value on the economic result. Utilisation of non-current assets, utilisation indicators. 7. Current assets - nature, structure, cycle and turnover. Current asset norming and the use of norms for economic decision-making. Indicators of current asset utilisation. 8. Costs of the enterprise, nature, dimensions of accrual and accrual of costs, expenses, revenues and income. Costs of entry into the transformation process and relevance to managerial decision making. Costs during the enterprise transformation process. The definition of costing formula items and the importance of this cost breakdown for economic decision-making. 9. Costs at the output of the transformation process, approaches and classification and utilization. Possibilities of using zero point analysis for economic decision making. The importance, possibilities and means of reducing the costs of the enterprise. 10. Purchase of material inputs. Organisation, marketing and planning of material input purchasing. Inventory management of material inputs. Evaluation of the level of inventory management. 11. Production activity of the enterprise, production process and its breakdown, production and production capacity planning. Production process of a non-manufacturing enterprise. Innovation and product creation. 12. Product sales, nature and tasks of sales, market research. Product, contracting, communication and distribution policy of the enterprise. 13. Financial management of the enterprise, its essence and tasks. Financial objectives, recording and management of the structure of financial resources and productive use of the enterprise's assets. Information obtained from the financial statements. Cash flows of the enterprise. Thematic definition of exercises: 1. Definition of the terms: enterprise, entrepreneur, business. Enterprise as a goal-oriented system. The nature and factors of the environment of the enterprise. Direct and indirect environment of the enterprise. World environment and tendency of development. Enterprise localisation and localisation factors. 2. Enterprise strategy and enterprise objective. The essence of the enterprise objective. Classification of objectives. Subjects and target decision-making 3. Distribution of profit, loss and liquidation balance in partnership and capital companies. 4. Classification of factors of production. Combination of factors of production of manufacturing and non-manufacturing enterprise. Determination of the need for workers by the method of standard hours, the method of standards of service and places served in connection with decision-making on measures aimed at rationalizing the number of workers. 5. Calculation, prerequisites for the introduction, advantages and disadvantages of time, task and share wages. Supplementary forms of pay. The price of work. 6. Determination of labour productivity and assessment of this indicator in relation to the indicators of the efficiency of assets and equipment of workers with assets, enterprise imbalance, measures aimed at maintaining the desired proportions between these enterprise indicators. 7. Valuation and depreciation of assets under the Income Tax Act, under the Accounting Act, assessment of the excess component and its impact on the tax base. Criteria for the selection of depreciation methods in relation to the objectives of the enterprise's depreciation policy. Depreciation calculations and their significance. 8. Static and dynamic structure of current assets. Current asset norming: norming of production inventories, work in progress and finished goods. Calculation and evaluation of indicators of the use of non-current and current assets. Management of current assets. 9. Impact of capacity utilisation on total costs. Reaction coefficient, interpretation of its value. Decision making on increasing the volume of production in relation to cost efficiency indicators. Zero point analysis and its use in managerial decision making. 10. Balancing purchasing needs. Planning, determining and deciding on the size of supplies. Determination of signal inventory levels. 11. Semester knowledge check. Calculating production capacity and the impact of its use on the bottom line. 12. Dynamics of turnover. Methods of pricing : cost-based, demand-oriented and competition-oriented. Price elasticity. Choice of communication mix. Sales channels. 13. Calculation of profitability and liquidity ratios. Calculation of cash flow through direct and indirect methods.