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Business Administration Study Guide

Comprehensive notes for BBA, MBA, and professional exam candidates covering management principles, accounting, financial management, marketing, HR, operations, business law, and strategy.

Subject Areas

AreaWhat It Covers
Principles of ManagementPlanning, organizing, directing, controlling, managerial roles
Financial AccountingJournal entries, balance sheet, income statement, ratio analysis
Financial ManagementTime value of money, capital budgeting, cost of capital, dividend policy
Marketing Management4Ps, market segmentation, consumer behavior, branding, digital marketing
Human Resource ManagementRecruitment, training, performance appraisal, labor law, motivation theories
Operations ManagementProduction planning, inventory, supply chain, TQM, Six Sigma
Business EconomicsDemand analysis, cost concepts, pricing, market structures
Business LawContract law, company law, IP, dispute resolution
Strategic ManagementSWOT, Porter's Five Forces, competitive advantage, growth strategies

Frequently Asked Questions

What are the key differences between management and leadership? Management focuses on planning, organizing, and controlling resources to achieve goals. Leadership focuses on inspiring and influencing people toward a vision. Effective managers often need both skills, but they are distinct: you can manage systems but you lead people.

What is the difference between financial accounting and management accounting? Financial accounting produces statements (balance sheet, income statement, cash flow) for external stakeholders following accounting standards (GAAP/IFRS). Management accounting produces internal reports (budgets, variance analysis, cost reports) to help managers make decisions — with no mandatory format.

What is the difference between marketing and sales? Marketing creates demand through branding, advertising, and market positioning. Sales converts that demand into revenue through direct customer interaction. Marketing is a broader function that precedes and supports sales.

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