Fundamentals of Accounting
Accounting is the “language of business.” Being able to understand this language allows individuals both inside and outside of an organization to join the “conversation” about how the organization is performing and how it can improve future performance. Financial accounting focuses on the reports that managers generate to provide interested external parties a summary of the firm’s financial position and operations.
Monthly Subscription Starting at AED 99 + VAT
- Level Foundation
- Course by University of Illinois Urbana-Champaign
-
Offered by
About
Accounting is the “language of business.” Being able to understand this language allows individuals both inside and outside of an organization to join the “conversation” about how the organization is performing and how it can improve future performance. Financial accounting focuses on the reports that managers generate to provide interested external parties a summary of the firm’s financial position and operations. Managerial accounting focuses on the information and the analytical tools and techniques that help managers and employees make the right business decisions. In this Specialization, you will learn the fundamentals of both of these purposes of accounting. More specifically, you will understand the financial statements that managers create, and be able to interpret and analyze these statements to assess the financial position of the organization. You will also identify and understand the nature, purpose, and importance of different types of decision-useful accounting information, and use analytical tools and techniques to use this information to make business decisions. Via the capstone, you will apply these fundamentals via the lens of a new business, creating a business plan, forecasts and budgets, and anticipated information needs for decisions made by you as owner and manager, your employees, and external parties such as future shareholders, creditors, and other constituents.Auto Summary
"Fundamentals of Accounting" focuses on essential accounting principles within the business and management domain. Guided by expert instructors, learners will explore financial and managerial accounting, mastering financial statement analysis, decision-making tools, and techniques. This comprehensive course, offered by Coursera, includes a capstone project to apply knowledge in real-world scenarios. Available through Starter and Professional subscriptions, it is ideal for beginners aiming to understand and leverage accounting in business decisions.
Kevin E. Jackson
Gary Hecht, Ph.D.
Sharon P. Cox, Ph.D.