KnowledgeCenters     Finance and Accounting KnowledgeCenter     Finance and Accounting Courses

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How do organizations communicate vital business and finance information? Achieving the utmost clarity in communication requires knowledge of financial management and a strong understanding of accounting basics. Accounting an internal function that involves identifying, recording, summarizing, and reporting business transactions and financial events in an organization.
In this course, you’ll learn the core concepts and financial essentials of accounting, such as the accounting equation and its components, as well as the rule of debits and credits. You'll also develop your financial acumen by exploring the accounting cycle, and the effect of cash and accrual-based accounting systems.

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Objectives

Understanding Accounting Basics match basic accounting practices to their descriptions recognize examples of assets, liabilities, and shareholder's equity determine how given transactions affect the accounting equation determine how common transactions affect specific accounts using the debit and credit rule sequence the steps of the accounting cycle identify key characteristics of cash and accrual accounting