Financial Accounting You need to know for the MBA
Before entering the MBA you need some accounting knowledge. WHY? Because Accounting is the Language of Business!
What you’ll learn
Financial Accounting You need to know for the MBA
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You will learn how to record business transactions using Debits and Credits
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You will be able to Prepare financial statements for external users and understand how to use these statements in decision making
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You will be able to Measure and analyze the reporting of balance sheet and income statement accounts
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You will be able to Evaluate business performance using Ratio Analysis and other quantitative data analytics tools, techniques, and methods
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Know how to Create a system of internal control for organizations
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Know that many of the business terms are accounting terms
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Understanding how the accounting system works will teach you many different business concepts
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Understanding these business concepts is necessary if you want to obtain your Master of Business Degree.
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This course provides an overview of business and would be of interest to anyone who wants to know more about business
Requirements
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You will need excel
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The textbook is freely available on the net
Description
This course is designed to prepare you for Managerial Accounting in the Masters of Business Administration program. All business students have to take an introductory financial accounting course for a straightforward reason – accounting is the language of business. The terms used by business people such as capital, equity, assets, liabilities, revenue, net income, etc. are all terms you will become very familiar with upon completion of this course.
Here are some comments by students in this course:
“Lecture is clear and concise….. so far so good.” Michael Morris
“I have learned and enjoyed the step-by-step method and a lot of practice” Â Ahmed M. ElShatawy
“The content is clear and well organized. The topics are very well explained. Your effort is appreciated, professor.” Haya Al Dhahari
“After reading various MBA books and being interested in the accounting sections but feeling frustrated when I never seemed to understand it fully. I am less than halfway through this course and things are finally starting to ‘click’.” Andy Turner
Learn and Master the Financial Accounting Process. Part 1 of this course.
- Understand that accounting is the language of business.
- Know business terminology (biz speak).
- Understand the difference between a corporation and a single proprietorship.
- Know the three forms of business – a service company, a merchandise company, and a manufacturer.
- Understand an Income Statement and how to prepare one.
- Understand a Balance Sheet and how to prepare one.
- Know how to analyze and record business transactions
- Learn how to use debits and credits to record business transactions.
- Know how to use the accounting journal and ledger,
- Complete a set of accounting records for a service business using excel spreadsheets.
Learn and Master how to Read Financial Statements – Part 2 of this course.
- Understand how to read the cash flow statement.
- Learn how to perform horizontal analysis on the Balance Sheet.
- Learn how to perform Vertical analysis on the Income Statement.
- Know how to analyze whether a company is liquid.
- Know how to analyze whether a company is a solvent.
- Know how to analyze a company’s profitability.
This course is unique in that it contains an excel project on a set of accounting records
Who this course is for:
- This course is designed to prepare you for the Masters of Business Administration program
- This course provides an overview of business and would be of interest to anyone who wants to know more about business
Financial Accounting You need to know for the MBA
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