Business Principles – Basics

Daily Cash Flow and Cash Register

Business Budget

Accounts Receivable and Payable Management, Payment Planning

Accounting Documents and Software

Reporting and Data Visualization

Communication with Authorities and Institutions

Financial Statements and Mandatory Reporting

Cost Management and Optimization

Tax Return and Month-End Closing

Summary, Lessons Learned, and Full-Month Simulation

Workshop following the lecture topics.

Professional Knowledge

• understands the basic principles of entrepreneurship and financial management of small and medium-sized enterprises,
• has knowledge of accounts receivable and payable management, including payment planning,
• understands accounting documents, basic recording principles, and the use of accounting software,
• has knowledge of cost management, cost optimization, and basic tax obligations,
• understands the processes of financial closing and communication with public authorities and institutions.

Professional Competencies

• apply basic financial management principles in everyday business practice,
• prepare a simple business budget and cash flow plan,
• manage receivables and payables and create payment schedules,
• work with accounting documents and basic functions of accounting or business software,
• prepare basic financial reports and interpret their results,
• navigate tax obligations and mandatory reporting requirements,
• communicate with relevant institutions (e.g., tax authorities, banks).

Professional Skills

• processes accounting documents and records basic business transactions,
• uses digital tools and software for recording, reporting, and data visualization,
• analyses costs and proposes their optimization,
• prepares supporting documents for tax returns and participates in month-end closing,
• applies acquired knowledge in a comprehensive business simulation.