Accounting & Its Use in Business Decisions Online Course | Alison

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Accounting and Its Use in Business Decisions

Learn how accounting knowledge can help you make more accurate business decisions with this free accounting course.

Free Course
This free online Accounting and Business course will teach you about how accounting is used as crucial information in making business decisions, and about several important accounting practices. With the right training, accounting is both interesting and accessible, not to mention indubitably important. This free online course will teach you about the financial accounting process, accounting transactions, much more.





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Accounting is the systematic and comprehensive recording of the financial transactions of a business. With this free Accounting course, you will learn about the most important accounting processes in use today. The course will begin by discussing the financial statement of different organizations, including the corporation, partnership, and sole proprietorship. You will learn how transactions affect the income statement and balance sheet as well as study the subject of equity and dividend ratios.

Next, you will learn how to prepare an income statement, a statement of retained earnings, and a balance sheet. These are the three most important financial statements that are used for reporting a company's financial performance over a specific accounting period. Once you have mastered these three, you can give yourself a pat in the back and move on to the subject of equity ratio.

This free Accounting and Its Use in Business Decisions course will be of great interest to entrepreneurs and business professionals who would like to learn or refresh their knowledge of important accounting principles. It will also be valuable to any learner who is interested in having a future career in the field of accounting. With just a little time and effort, the numbers on your sheets will start falling into place with ease. So why wait? Start building up your accounting skills today.

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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.


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 an official Certificate, which is a great way to share your achievement with the world. Your Alison Certificate 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 Certificates 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 Certificates are available to purchase through the Alison Shop. For more information on purchasing Alison Certificates, please visit our FAQs. If you decide not to purchase your Alison Certificate, 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 Certificate pricing, please visit our Pricing Page.


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