Economics in Railway Business

Top up on your accounting skills to keep ahead in the railway business. Brush up your accounting and controlling skills to help ensure positive future financial results. From cost and performance calculation fundamentals to KPIs, learn how to understand important financial documents and use business plan instruments to your advantage.

Economics in Railway Business
Course Level
Type of Course
Method
Requirements

No prerequisite or pre-knowledge necessary

Your benefits
  • Learn how to read, understand and calculate key documents such as balance sheets, profit and loss accounts, financial reports and key performance indicators of railway companies and rail projects 
  • Acquire a good and sound knowledge of the basics of accounting and controlling
  • Gain competence in examining operational and strategic financial challenges related to the railway
  • Strengthen your understanding of the importance of investments and working capital
  • Improve your business skills to ensure a more efficient and effective cost calculation and allocation in future 
Course content
This course provides you with important accounting and controlling knowledge to help you aim for a positive financial result long-term. It leads to you being able to develop and improve your business skills, focusing on the basics of accounting and on profits and losses, to make the right financial decisions in future.
  • Understanding the operational value chain  
  • Get an overview of the structure of the profit and loss account
  • Understanding financial reports and balance sheets, importance of investments and working capital
  • Rating and international accounting
  • Fundamentals of the cost and performance calculation   
  • Operational and strategic controlling
  • Get to know the business case and business plan instruments
  • Introduction to statistics, key performance indicators (KPI)
  • Overview of DB Group accounting, introduction to accounting
  • Cost type / center and calculation
  • Principle of order invoicing, cost allocation
IMPORTANT NOTICE
This course is offered as a classroom training. Due to the ongoing COVID19 restrictions we are unfortunately unable to offer any dates in 2020.
New course dates for 2021 will be coming soon.

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