Financial Accounting Part 1
Who is this course for
Business Professionals & Managers: Strengthen your ability to interpret financial data and make informed business decisions.
Entrepreneurs & Small Business Owners: Gain essential accounting skills to manage finances and ensure business success.
Students & Aspiring Accountants: Build a strong foundation in financial accounting to advance in finance-related careers.
Course Overview
Understanding financial accounting is crucial for business success, whether you're managing a company, analyzing investments, or planning to enter the finance field. This MBA-level course covers essential accounting concepts, from the accounting equation to financial statements, providing the skills needed to interpret and communicate financial results effectively. Through real-world examples from major corporations, you’ll bridge the gap between accounting theory and business application.
Led by professors Jim Stice and Kay Stice, this course offers in-depth lessons on assets, liabilities, debits and credits, and accrual accounting. By the end of the course, you'll have a solid foundation in financial accounting and be prepared for Part 2, which explores ratio analysis, forecasting, and business valuation.
What You'll Learn
- Understand key financial statements—Balance Sheet, Income Statement, and Statement of Cash Flows.
- Learn the accounting equation and how assets, liabilities, and equity impact financial health.
- Master debits and credits and the principles of accrual accounting.
- Analyze real-world financial reports from top companies like Microsoft and Walmart.
- Develop practical financial analysis skills for professional and business success.
