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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.


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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.

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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Course Rating (By Learners): 3 stars based on 310 reviews
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:
Validation: Level 5
ALISON Testing: Yes
Certification Availability
PDF Download: Yes
Parchment: Yes
Framed Certification: Yes

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  • aaa
    Scott Sands United States of America This course was helpful in learning some of the basics of Accounting and familiarizing with some key terms. I found it very informative 2015-05-19 23:05:40
  • aaa
    Asif Masiuddin United Arab Emirates Very informative course 2015-05-19 08:05:15
  • aaa
    Victor Ekechi Nigeria The course is a must do for every business owner or intending partners. It will intensively provide learners with the right knowledge of accounting and its application in every business. Special thanks to ALISON for this rare generosity, More Grease to your Elbows. 2015-05-09 11:05:10
  • aaa
    Cindy Losey United States of America Learned alot! 2015-04-22 17:04:42
  • aaa
    Sam Graf United States of America Good introduction with excellent examples! 2015-03-22 23:03:59
  • aaa
    Ritchelle Tanganim Philippines Well, this course I found it useful! First I still doesn't know but if we use our common sense! We have to find it in our own research skills, so we can continue to answer what these all about. Thanks Alison! 2015-03-22 04:03:13
  • aaa
    Ritchelle Tanganim Philippines Well, accounting is really very useful in business because it's all about financial, profits, dividends assets and liabilities. How are your business will grow and how are you going to handle your business. 2015-03-22 04:03:26
  • aaa
    Joe Paradise United States of America Good basic accounting knowledge 2015-03-16 19:03:01
  • aaa
    Christopher de Sanctis United States of America This was a very concise and straightforward course. I thoroughly enjoyed it. 2015-03-11 17:03:30
  • aaa
    Olakanmi Olayanju Nigeria very comprehensive and detailed lecture notes made available in a simple but concise way. 2015-03-02 18:03:00
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Free, Online Accounting and Its Use in Business Decisions Course.