Gain a thorough understanding of accounting's role as the "language of business" with the Fundamentals of Accounting course. This Specialization covers financial and managerial accounting, emphasizing the interpretation and analysis of financial statements to assess an organization's financial position and make strategic decisions.
Throughout the course, you will explore the purpose and importance of different types of decision-useful accounting information, and how to use analytical tools and techniques to make sound business decisions. The capstone project will provide a hands-on opportunity to apply accounting concepts within a small-business context, reinforcing your knowledge and skills.
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This comprehensive course covers understanding financial statements, accounting for business decision making, and a capstone project, providing practical experience applying accounting concepts within a small-business context.
This course provides a basic understanding of financial statements, with a focus on the balance sheet. You will learn to describe the purpose of a balance sheet, define its components, and interpret real-world balance sheets. The subsequent course in the Fundamentals of Accounting Specialization will address the remaining measurement question.
Building on the foundation of the first course, this module emphasizes understanding financial statements with a focus on the income statement. Upon completion, you will be able to describe the purpose of an income statement, define its components, and interpret real-world income statements.
Explore accounting's measurement role inside an organization, understanding how cost information is created and organized to facilitate common operational decisions. This module will equip you to use accounting information for product management, pricing decisions, and profitability analyses.
This module delves into accounting’s role in helping managers develop and implement organizational strategy. You will learn how accounting information is created and communicated to facilitate strategic decisions and measure strategic success. Additionally, you will understand the control function of accounting, influencing managerial decisions and performance evaluation.
The capstone project offers practical experience applying accounting concepts to a realistic small-business enterprise, integrating the knowledge gained from previous modules. Navigate the daily operations of the business and consider the accounting implications of economic events encountered.
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