Course and Module Overview
Welcome to this course on Accounting and Finance.
The backbone of any business is its financial health. With the right techniques of financial analysis, you can assess a firm’s current performance, compare it with previous years and even forecast its position in the upcoming quarters.
In this course, you will learn about financial statements, understand how to read them and understand how to make business decisions based on financial data.
Course Overview
The overall objective of this course is not to turn you into accountants but to help you make better-informed decisions. The course has 1 module:
Accounting Fundamentals: This module will outline the necessity to analyse a company’s performance in the light of its three main financial statements: income statement, cash flow statement and balance sheet. It will help you understand how different business events impact the different financial statements with the help of activities.
Module Overview
In this module, Accounting Fundamentals, you will be introduced to the world of financial statements. Through an activity, you will analyse the impact of financial events on the different financial statements.
In the first session, Introduction to Financial Statements, you will get an overview of the three financial statements that will act as a foundation for the upcoming sessions. The three financial statements you will learn about are as follows:
Income statement
Cash flow statement
Balance sheet
In the second session, Financial Statements Exercise: Pizza Food Truck, you will learn about various accounting concepts through an exercise. You will understand the impact of business decisions on the three financial statements and the link between these statements.
This module will take you through a journey of understanding the key financial concepts and financial statements.
We wish you a fruitful, interactive and fun experience!
Let’s get started.
Note: Throughout this course, you will see examples of different brands and institutes. These have been chosen from specific cases in a way that would aid in demonstrating concepts. These do not reflect the current performance of any company. Any opinion expressed is strictly for educational purposes.