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Introduction to Financial Accounting Concepts for Decision-Making

Learn the major financial accounting concepts and the effects of financial transactions from this free online course.

Publisher: NPTEL
Introduction to Financial Accounting Concepts for Decision Making' is a free online course that offers a guide to the foundational accounting concepts that are essential for decision-making using financial accounting. Learn about major accounting principles, types of financial statements, and the effects of financial transactions on financial statements. This course will improve your accounting knowledge and decision making skills.
Introduction to Financial Accounting Concepts for Decision-Making
  • Duration

    5-6 Hours
  • Students

    631
  • Accreditation

    CPD

Description

Modules

Outcome

Certification

View course modules

Description

This free online Accounting Concepts for Decision-Making course teaches the foundational concepts used in interpreting and applying financial information for decision-making. This course will equip you with the right foundation for creating and analyzing financial statements. The course begins with an analysis of the interactions between financial statements and the accrual basis of accounting.

Next, you will learn about different financial accounting concepts such as conservatism, historical cost, and the importance of IFRS accounting standards. You will also study the types and characteristics of the major sources of capital - equity and debt. Then, you will analyze the process of preparing a balance sheet. You will also discuss the effects of financial transactions on financial statements and the implications for decision-making purposes.

This free online course will enable you to learn about the fundamentals of financial accounting and its function in decision-making for individuals and organizations. This course will be of significant interest to students, analysts, and anyone with an interest in interpreting and applying information from financial statements.

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