Fundamentals of Financial Statements
Learn the basics of accounting, financial statements, and their role in business management in this introductory course.
Learn the basics of accounting, financial statements, and their role in business management in this introductory course.
This introductory accounting course provides a comprehensive overview of business organizations and the crucial role of accounting in managing them. Participants will gain insights into how common business transactions affect financial statements, learn to apply the double-entry system for processing transactions, and understand the principles of measuring performance. The course covers fundamental accounting concepts, from basic bookkeeping to preparing financial statements. It's designed for aspiring accountants, managers, and entrepreneurs who need to work with financial reports. By the end of the course, learners will have a solid foundation in preparing and interpreting basic financial statements, equipping them with essential skills for various business and financial roles.
Instructors:
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What you'll learn
Understand the role of accounting in business organizations
Learn how common business transactions affect financial statements
Apply the double-entry system for processing transactions
Understand principles of measuring business performance
Develop skills to prepare basic financial statements
Analyze financial reports for decision-making
Skills you'll gain
This course includes:
Live video
Graded assignments, exams
Access on Mobile, Tablet, Desktop
Limited Access access
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Module Description
This course offers a comprehensive introduction to accounting basics and financial statement preparation. It covers the fundamental concepts of accounting in business organizations, including the double-entry system, transaction processing, and performance measurement. Students will learn how various business transactions impact financial statements and gain practical skills in preparing these statements. The course emphasizes the importance of accounting in decision-making for managers and entrepreneurs. By exploring real-world examples and applications, participants will develop a strong foundation in financial reporting and analysis, essential for roles in accounting, management, and entrepreneurship. The course bridges theoretical concepts with practical applications, preparing students for further studies in accounting or immediate application in business contexts.
Fee Structure
Instructor
Distinguished Accounting Scholar and Corporate Governance Expert
R. Narayanaswamy serves as Professor of Finance and Control at the Indian Institute of Management Bangalore, where he has taught since 1986. His career includes significant roles as Independent Director and Audit Committee Chairman at Bank of Baroda, while establishing himself as a leading voice in accounting education and corporate governance. Through his innovative teaching methods using real-world cases, he has made accounting more accessible to students, earning recognition as one of India's Best Nine Business School professors by Business Today in 2006. His contributions include authoring the widely-used textbook "Financial Accounting: A Managerial Perspective" (in its fifth edition) and publishing extensively in refereed journals while providing consulting expertise to both companies and governments.
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Frequently asked questions
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