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Welcome to the GloBBA12.SI study wiki

Working with wikis

Use [[w:Fairtrade]] to link to Wikipedia's article on fairtrade and [[w:fr:Commerce équitable]] to link to the article in the French Wikipedia as simple as that. ( works for all languages, just insert the correct lang code )

Do not submit copyrighted or copyright not known material

Respect the w:copyright of people ( teachers ) and institutions ( HH, other universities ) and book publishers and do not submit material you are not able to w:copyleft.

Brief introduction

w:International business is a term used rarely to describe all commercial transactions (private and w:governmental, w:sales, w:investments, w:logistics,and w:transportation) that take place between two or more w:regions, w:countries and w:nations beyond their political boundary. ( Wikipedia )

w:International trade is the exchange of capital, goods, and services across w:international borders or territories. ( Wikipedia )

Timeline of international trade streches from ancient times to modern fairly globalized globe of today.

w:Multidirectional w:import/w:export == International trade

Balances and flow statements

An w:income statement (also referred to as profit and loss statement (P&L), revenue statement, statement of financial performance, earnings statement, operating statement or statement of operations) is a company's w:financial statement that indicates how the w:revenue (money received from the sale of products and services before expenses are taken out, also known as the "top line") is transformed into the w:net income (the result after all revenues and expenses have been accounted for, also known as Net Profit or the "bottom line"). It displays the revenues recognized for a specificperiod, and the w:cost and w:expenses charged against these revenues, including w:write-offs (e.g., w:depreciation and w:amortization of various w:assets) and w:taxes. The purpose of the income statement is to show managers and w:investors whether the company made or lost money during the period being reported. ( Wikipedia )

Example for small scale import/export business w:Income statement:

'+ w:Revenue aka. w:Top line, w:turnover, w:income and w:cash flow

- w:Fixed costs (

- w:Personel costs

- w:Facilities and w:office and w:bookkeeping w:costs )

- w:Variable costs (

- w:Unit price x lot size

- Duties and w:tariffs or in case of w:single-market or w:free trade area no need

- w:Logistics and w:warehousing

- w:distribution costs

- w:VAT

)

________________________________

== w:Net income - also referred to as the bottom line, net profit, or net earnings - is an entity's w:income minus w:expenses for an w:accounting period.

To understand what's going on with a w:business in addition to having an w:income statement one must also have knowledge of where the capital is, what is it's cost and it's payoff i.e. the w:Balance sheet, then you can calculate all sorts of fun w:metrics like w:Return on equity and w:return on investment etc.

much more information in the notes for Accounting 1

Courses in English

Period I

• Business English
• The Developing Professional
• ICT Skills for Business 1

Period II

• Sustainable Global Environment ( mnemonic BISC-uit )

• • Business Economics - w:Economics for w:business purposes
  • ICT Skills for Business 2 - w:Excel
  • Services Marketing - w:Services marketing
  • Corporate Responsibility - w:Corporate responsibillity

Period III

• Developing Entrepreneurial Competences ( mnemonic ABCEL )

• • Accounting 1
  • Business Math 1
  • Customer oriented operations planning (marketing)
  • Entrepreneurship
  • Law

Locate more information

• w:Category:Business economics ( w:Business economics is much wider definition then we had. )
• w:Category:Commerce ( w:Commerce )

In Finnish / Suomeksi

Suomenkielisen Wikipedian w:fi:Luokka:Liiketalous on merkittävä relevanttien artikkelien kokoelma.

• Finnish for Business Purposes ( in Finnish )

Useful & good to know stuff and services

Language tools

• http://www.onelook.com - look up English words in English from over 500 dictionaries with one search
• http://www.etymonline.com - look up etymologies of English lang words. Start with etymology of the word "business"
• http://www.wordreference.com - free high quality dictionaries
• http://www.memrise.com - Language learning environment with a plethora of learning programs

Cool collaboration tool: Etherpad

• https://pad.riseup.net and http://etherpad.wikimedia.org/ among others offer any amount of free w:Etherpads, a system for collaboration of many people on a text document in realtime. Pads provided by riseup will self-destruct 30 days after last access.

General information

• Resources for the entrepreneur
• Vocabulary

Misc.

• http://TheHungerSite.org - donate 1.1 cups of food by clicking once a day. Paid for by the advertisers and sponsors.
• http://WorldCommunityGrid.org - donate your spare CPU cycles to good use for various good causes at the cost of few watt-hours.
• The Internet Users Forever IKI(.fi) is a non-profit society which provides its members, private individuals in Finland, permanent iki.fi-addresses with e-mail and WWW forwarding (IKI does not host the web pages or offer internet services, it just forwards the addresses).This allows our members to keep the same personal identity should the actual location or ISP of their e-mail or www homepages change.

iki.fi Membership application ( only in Finnish ) ( cost 30€, the iki.fi association has never collected yearly payments from it's members all operations are funded by new people joining in )

Gift vouchers are available here. This link opens a blanko ( non-valid ) gift voucher page. Hit the "Luo uusi lahjakortti"-button at the bottom of the page to create a valid one. Follow instructions given on-page in Finnish to pay the 30€ to iki.fi association bank account to make the gift voucher valid.