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Accounting and Its Use in Business Decisions Course


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

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.

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 purchase 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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Course Rating (By Learners): 3 stars based on 340 votes
Course Title: Accounting and Its Use in Business Decisions
Course #: 559
Course Publisher: Global Text Project
Course Category: 9
Content Origin:
Course Description: 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.
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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  • Audrey Moncayo
    Audrey Moncayo United States of America It was very thorough and enjoyed it alot! 2015-11-07 03:11:14
  • Alicia Carlisle
    Alicia Carlisle United States of America This course tested my abilities 100%. Great refresher course. 2015-11-06 01:11:45
  • Asad Shoukat
    Asad Shoukat United Kingdom Really insightful course, would recommend it, as it has helped me get my dream job! 2015-10-09 19:10:28
  • manso dumbuya
    manso dumbuya Sierra Leone I believe that this course will give a broad knowledge on accounting and business. Thank you very much. 2015-09-25 02:09:10
  • KRA KOUADIO MARCELIN
    KRA KOUADIO MARCELIN Cote D'Ivoire the course on accounting and it's use in business is the most exciting since i'm ALISON 2015-09-12 16:09:37
  • Jennifer Millsap
    Jennifer Millsap United States of America This is a great course. Very informative. 2015-09-03 15:09:38
  • Airel Duffer
    Airel Duffer United States of America Course was very informative and helped touch on areas. 2015-09-01 15:09:12
  • Ahmadpardes Amarkhail
    Ahmadpardes Amarkhail Afghanistan The accounting and its use in business decision course was so effective for me and so many problems regarding accounting have solved and i really appreciated the course provider. thanks 2015-08-25 08:08:20
  • SHABARISHA NARAYAN
    SHABARISHA NARAYAN India The course accounting and its use in business decisions contents and structure is good and gives more insights on applicability. 2015-08-24 16:08:27
  • Shivam Gupta
    Shivam Gupta India Its good and enriching. 2015-08-20 14:08:48
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Study for Free at Your Own Pace! Start This Course

Free, Online Accounting and Its Use in Business Decisions Course.