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Accounting and Its Use in Business Decisions Free Course

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  • Description
  • Outcome
  • Certification
  • In this 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.

  • 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 study. To successfully complete a course you must score 80% or higher in each course assessments. Upon successful completion of a course, you can choose to make your achievement formal by purchasing an official Alison Diploma, Certificate or PDF.

    Having an official Alison document is a great way to share your success. Plus it’s:

    • Ideal for including in CVs, job applications and portfolios
    • An indication of your ability to learn and achieve high results
    • An incentive to continue to empower yourself through learning
    • A tangible way of supporting the Alison mission to empower people everywhere through education.

Modules List( 2 )
  • ACCOUNTING AND ITS USE IN BUSINESS DECISIONS
  • Module 1: Accounting and Its Use in Business Decisions
    • Navigation for this Course
    • The Accounting Enviornment
    • Accounting Defined
    • Overview of Accounting
    • Financial Statements of Business Organizations
    • The Financial Accounting Process
    • How Transactions affect Income Statements and Balance Sheets
    • Dividends and Equity Ratios
    • Summary
    • Appendix A: Corporate verses Sole Proprietorship or Partnership Accounting
  • END OF COURSE ASSESSMENT
  • Module 2: Accounting and Its Use in Business Decisions Assessment
    • Accounting and its use in business decisions assessment
Topics List ( 1 )
Module 2: Accounting and Its Use in Business Decisions Assessment
You must score 80% or more to pass this assessment.
Course Features
  • Duration

    3-4 Hours

  • Publisher

    Global Text Project

  • Video

    No

  • Audio

    No

  • Assessment

    Yes

  • Certification

    Yes

  • Price

    Free

  • Reward

    50 Pts

  • Responsive

    No

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