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Accounting and Its Use in Business Decisions


Accounting and Its Use in Business Decisions

Accounting and Its Use in Business Decisions

Learn about accounting and its use in business decisions.


Students: 17,543
Course Description

This is the first in a series of accounting courses that cover a wide range of topics. These will greatly increase your knowledge and understanding of the theory of accounting and accounting practices.
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In this first free online accounting course you will be introduced to accounting and its use in making business decisions. You will learn how to identify and describe the three basic forms of business organizations, and also distinguish among the three types of activities performed by business organizations. The course then describes the content and purposes of the income statement, statement of retained earnings, balance sheet, and statement of cash flows. You will learn about the basic accounting equation and describe its relationship to the balance sheet. The course then shows you how to prepare an income statement, a statement of retained earnings, and a balance sheet, and also how to analyse and use the financial results—the equity ratio. This free online accounting course will be of great interest to entrepreneurs and business professionals who would like to get a thorough introduction to accounting principles, and to any learner who is interested in accounting as a future career.

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Certification

To qualify for your official ALISON Diploma, Certificate or PDF you must study and complete all modules and score 80% or more in each of the course assessments. A link to your Diploma certificate will then appear under the My Certificates heading of your My Account page.

Learning Outcomes

Learning Outcomes: - Identify and describe the three basic forms of business organizations. - Distinguish among the three types of activities performed by business organizations. - Describe the content and purposes of the income statement, statement of retained earnings, balance sheet, and statement of cash flows. - State the basic accounting equation and describe its relationship to the balance sheet. - Using the underlying assumptions or concepts, analyze business transactions and determine their effects on items in the financial statements. - Prepare an income statement, a statement of retained earnings, and a balance sheet. - Analyze and use the financial results—the equity ratio.


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Module Title
Module 1: Accounting and Its Use in Business Decisions
Module 2: Accounting and Its Use in Business Decisions Assessment

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Background  
Course Rating (By Learners)
Course Title Accounting and Its Use in Business Decisions
Course # 559
Course Publisher Global Text Project
Course Category 9
Content Origin
Course Description  This is the first in a series of accounting courses that cover a wide range of topics. These will greatly increase your knowledge and understanding of the theory of accounting and accounting practices. In this first free online accounting course you will be introduced to accounting and its use in making business decisions. You will learn how to identify and describe the three basic forms of business organizations, and also distinguish among the three types of activities performed by business organizations. The course then describes the content and purposes of the income statement, statement of retained earnings, balance sheet, and statement of cash flows. You will learn about the basic accounting equation and describe its relationship to the balance sheet. The course then shows you how to prepare an income statement, a statement of retained earnings, and a balance sheet, and also how to analyse and use the financial results—the equity ratio. This free online accounting course will be of great interest to entrepreneurs and business professionals who would like to get a thorough introduction to accounting principles, and to any learner who is interested in accounting as a future career.
License  This course is available from Global Text Project OpenCourseWare through the following Creative Commons licence:
Creative Commons License
Release Date 18 July 2013
   
Content  
Course Duration (Avg Learner) 3-4 Hours
Video/Audio None
Audio Only None
Animation None
Assessments Yes
 
Education Level
Age appropriateness 18+ Years
Minimum Grade/Class Level Higher High Secondary School
 
Validation Level 5
ALISON Testing Yes
Certification Availability
PDF Download Yes
Parchment Yes
Framed Certification Yes
   
Merchandise Availability
Marketing Information
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Course Forum  View

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  • Ryan Shuman South Africa Accounting records all financial transactions, determines profit and loss and how cash flow is managed. If a business has strict criteria for managing the accounting function, the growth and direction of a company can be decided. 2014-12-16 14:12:08
  • Yesrine Korley Ghana it is very informative 2014-12-13 09:12:23
  • Veeshalla Maharaj Trinidad and Tobago This course was a helpful course in my area of development. Although some say it it complexed, I think it is a lovely area 2014-12-12 23:12:31
  • Ajaykumar Agrawal India Very good course. 2014-12-12 09:12:24
  • Kwesi Mensah Duodu - Turkson Ghana An excellent course. I really enjoyed it. Thank you very much 2014-12-01 17:12:03
  • Oluwadara Adeoye Nigeria accounting is a financial information that can be utilized by top management in any form of business (sole proprietorship, partnership and corporation) to make quality decisions. 2014-11-28 17:11:24
  • Rechenia Pringle United States of America This has been a really good introduction for me seeing that its the first time I thought about doing anything in accounting. This will certainly help individuals who need learn the basic concepts. 2014-11-12 03:11:51
  • dharmendra tiwari India Thanks for this free course. It was really nice and presented in very simple manner which is easy to understand by the non accounting people. 2014-11-06 18:11:38
  • Laura Elkin Spain Really enjoyed this, a fantastic starter course to get going into the basics of reading and calculating accounts, lots of info available, would perhaps add in just a couple more example equations to go with the literature, but would definitely recommend :) 2014-11-04 18:11:24
  • Stellamaris Osugba Nigeria Accounting is a difficult course and using it in business decision is another difficult way. I find it difficult interpreting the accounting principal and applying it to the practical business. It is very important for me to take this course. 2014-11-04 11:11:02
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Free, Online Accounting and Its Use in Business Decisions Course.