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Accounting and Its Use in Business Decisions

Accounting
Free Course

Learn about accounting and its use in business decisions.

Description Outcome Certification View course modules

In this 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 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.

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.

All Alison courses are free to enrol, study and complete. To successfully complete this Certificate course and become an Alison Graduate, you need to achieve 80% or higher in each course assessment. Once you have completed this Certificate course, you have the option to acquire official Certification, which is a great way to share your achievement with the world. Your Alison Certification is:

Ideal for sharing with potential employers - include it in your CV, professional social media profiles and job applications
An indication of your commitment to continuously learn, upskill and achieve high results
An incentive for you to continue empowering yourself through lifelong learning

Alison offers 3 types of Certification for completed Certificate courses:

Digital Certificate - a downloadable Certificate in PDF format, immediately available to you when you complete your purchase
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All Certification is available to purchase through the Alison Shop. For more information on purchasing Alison Certification, please visit our faqs. If you decide not to purchase your Alison Certification, you can still demonstrate your achievement by sharing your Learner Record or Learner Achievement Verification, both of which are accessible from your Dashboard. For more details on our Certification pricing, please visit our Pricing Page.

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