Before entering the MBA you need some accounting knowledge. WHY? Because Accounting is the Language of Business!
This course is designed to prepare you for the Managerial Accounting in the Masters of Business Administration program. All business students have to take an introductory financial accounting course for one simple 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 upon completion of this course.
What you’ll learn
- You will learn how to record business transactions using Debits and Credits.
- You will be able to Prepare financial statements for external users and understand how to use these statements in decision making.
- You will be able to Measure and analyze the reporting of balance sheet and income statement accounts.
- You will be able Evaluate business performance using Ratio Analysis and other quantitative data analytics tools, techniques, and methods.
- Know how to Create a system of internal control for organizations.
- Know that many of the business terms are accounting terms.
- Understanding how the accounting system works will teach you many different business concepts.
- Understanding these business concepts are necessary if you are interested in obtaining your Master of Business Degree..
- This course provides an overview of business and would be of interest to anyone who wants to know more about business.
Course Content
- Module 1 -Accounting the Language of Businesss –> 6 lectures • 8min.
- Summary of Module 1 –> 1 lecture • 1min.
- Module 2 – Communicating to Users – Financial statements –> 3 lectures • 1min.
- Activities to Deepen your understanding –> 0 lectures • 0min.
- Module 3 – Know how to Analyze Business Transactions –> 2 lectures • 16min.
- Activities to deepen your understanding –> 1 lecture • 1min.
- Module 4 -Recording in the accounts –> 1 lecture • 7min.
- Module 4 – Activities to deepen your understanding –> 0 lectures • 0min.
- Know how to Journalise Business Transactions –> 1 lecture • 16min.
- Activities to deepen your understanding –> 0 lectures • 0min.
- Adjusting the Accounts –> 1 lecture • 18min.
- Adjusting Entries –> 0 lectures • 0min.
- Closing the Books -Completing the accounting Cycle –> 1 lecture • 8min.
- Practice Set – Fraser’s Golf Academy –> 1 lecture • 1min.
- Accounting Practice Set – Fraser’s Golf Academy –> 1 lecture • 5min.
- Fraser’s excel and video solution –> 1 lecture • 15min.
Requirements
This course is designed to prepare you for the Managerial Accounting in the Masters of Business Administration program. All business students have to take an introductory financial accounting course for one simple 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 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 learning and enjoyed step by step method and a lot of practices” Ahmed M. ElShatawy
“The content is clear and well organised. The topics are very well explained. Your effort is really 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 fully understand it. 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 – service company, 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 analyse 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 analyse whether a company is liquid..
- Know how to analyse whether a company is 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