Micro Degrees

After completion of this course, students can

• explain the generally accepted accounting principles (GAAP) and apply these rules to business transactions throughout the fiscal year and at year-end.

• utilize the double-entry accounting system for bookkeeping, including transactions related to company establishment, acquisitions, production, sales, and other supporting activities.

• understand the role of financial accounting in achieving the sustainability goal of responsible consumption and production (SDG No. 12) and apply accounting practices that support this goal.

• describe the application and functioning of the Value Added Tax (VAT) System and implement it in business transactions.

• value assets and liabilities at year-end accurately and make necessary adjustments to reflect a true and fair view of a company's financial status and operational results.

• read and interpret a trial balance to manage a company effectively.

• understand the general aspects of the three Financial Statements (Balance Sheet, Income Statement, and Cash Flow Statement) and articulate the content of each.

After completion of this course, students can

• understand the role of management accounting as a key support system for making management decisions.

• perform detailed financial statement analyses to evaluate a company's financial situation.

• demonstrate fundamental knowledge of cost and performance accounting principles.

• apply cost and performance accounting techniques independently to real-world business scenarios.

• acquire skills in strategic and operative planning, learning how to set realistic goals and allocate resources efficiently.

• develop expertise in budgeting processes, understanding how to prepare, manage, and adjust budgets in response to changing business conditions.

• analyze and interpret financial data to inform strategic planning and budgeting decisions.

• make informed, ethical financial decisions by considering the long-term sustainability and social responsibility of business practices.

After completion of this course, students can

• demonstrate an understanding of the value of money and its significance in financial management decisions.

• apply interest calculation methods and assess the present value of annuities.

• define financial management and its role within an organization's strategic framework.

• identify and describe the basic characteristics of various financing instruments.

• develop and interpret a company's short-term financial plan, identifying potential cash flow issues and financial needs.

• explain the concept of financing and its critical role in supporting a company's operations and growth.

• differentiate between ethical and unethical financing instruments.

• comprehend the concept of investments and the strategic considerations involved in making investment decisions.

• apply both static and dynamic evaluation methods to assess investment opportunities and projects, determining their financial viability.

 

This course is part of the National Financial Literacy Strategy.

After completion of this course, students can

• understand different economic systems and their implications.

• analyze market dynamics using supply and demand curves.

• interpret key economic indicators such as gross domestic product (GDP), unemployment rates, inflation rates, and national debt, understanding their implications for economic health and policy.

• recognize the limitations of these economic indicators in fully capturing the economic and social well-being of a nation.

• discuss the concept of CO2 pricing, including its potential advantages and disadvantages as a tool for addressing environmental challenges.

• understand the mechanisms of fiscal and monetary policy and their impact.

• apply acquired economic knowledge to analyze and interpret economic news, newspaper articles, and specialist articles, enhancing understanding of current economic issues.

• understand economic interrelationships and the connections between economic goals and ecological as well as political issues.

This course is part of the National Financial Literacy Strategy.

After completion of this course, students can

• explain the significance of human relations in modern personnel management and leadership practices.

• outline major trends in Human Resource Management (HRM) and interpret their implications for organizational strategies.

• analyze the influence of context and environment on HRM practices and adapt strategies accordingly.

• describe various approaches and tools for personnel planning, including forecasting, recruiting, and keeping talent.

• design typical steps for employee training, development, and onboarding processes.

• identify factors that contribute to making an organization attractive to potential employees.

• understand how to keep human resources activated.

• evaluate current developments and emerging trends in leadership theories.

• demonstrate an understanding of the influence of leadership styles on organizational outcomes and the role of culture in the context of leadership.

After completion of this course, students can

• explain the purpose of organizations and analyze the internal and external environments impacting organizations.

• identify and categorize organizational stakeholders using various methods.

• understand how organizational theories influence structure, design, culture, and change.

• formulate strategies at various levels and understand the importance of sustainability in strategy formulation.

• manage organizational structure effectively and adapt it as the organization grows.

• evaluate different types of organizational structures and their advantages and disadvantages.

• understand the role of organizational culture and apply concepts for analyzing it.

• explain organizational change and apply theories of change.

• apply frameworks for change management in organization.

After completion of this course, students can

• build knowledge of cultural context, practical implications, and language for effective communication and begin the journey towards developing intercultural competence.

• explain various models for classifying cultures and apply this understanding in different contexts.

• understand the difference between ideal culture and real culture, and how cultural values shape human behavior.

• describe attitudes, their influence on behavior, and develop strategies for effective intercultural communication.

• define beliefs, explore their formation, and apply this knowledge across different contexts.

• understand cultural identity, analyze concepts of self across cultures, and appreciate their role in intercultural dialogue and respect.

• evaluate cognitive biases, recognize prejudices and stereotypes, and challenge them in thinking and behavior.

• explore communication components, styles, and models, and adapt communication strategies for diverse cultural backgrounds.

• identify successful leadership behavior for diversity, equity, and inclusion (DEI).

• recognize successful intercultural leadership behavior, collaborate effectively with diverse teams, and apply this learning in various contexts.

After completion of this course, students can

• define what constitutes a decision and differentiate between various types of decisions.

• classify decisions based on their complexity and impact on organizational outcomes.

• explain the fundamentals of Game Theory and its applications in decision-making processes.

• apply knowledge-based decision-making techniques to analyze and solve complex problems.

• identify, weigh, and evaluate criteria effectively to make informed decisions.

• demonstrate proficiency in making team decisions and leveraging collective intelligence.

• use tools such as decision support systems or decision tress.

• recognize common decision biases and implement strategies to mitigate their influence.