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

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

Requirements

You will need excel

The textbook is freely available on the net

Description

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 TurnerLearn 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 transactionsLearn 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

Overview

Section 1: Module 1 -Accounting the Language of Businesss

Lecture 1 Why learn accounting?

Lecture 2 The three types of business organizations

Lecture 3 The three types of business activities

Lecture 4 Introduction to Accounting Lecture -interactive

Lecture 5 Interactive Exercises

Lecture 6 Test your understanding

Section 2: Summary of Module 1

Lecture 7 Summary of Module 1

Section 3: Module 2 - Communicating to Users - Financial statements

Lecture 8 Communicating with Users

Lecture 9 Test Your Understanding

Lecture 10 Classified Balance Sheet

Section 4: Activities to Deepen your understanding

Section 5: Module 3 - Know how to Analyze Business Transactions

Lecture 11 Analyzing Business Transactions

Lecture 12 Jarvis Consulting excel problem

Section 6: Activities to deepen your understanding

Lecture 13 Interactive Exercises

Section 7: Module 4 -Recording in the accounts

Lecture 14 Lecture - Introducing Debits and Credits

Section 8: Module 4 - Activities to deepen your understanding

Section 9: Know how to Journalise Business Transactions

Lecture 15 Lecture on recording Journal Entries

Section 10: Activities to deepen your understanding

Section 11: Adjusting the Accounts

Lecture 16 Lecture on Adjusting the accounts

Section 12: Adjusting Entries

Section 13: Closing the Books -Completing the accounting Cycle

Lecture 17 Lecture on closing the books

Section 14: Practice Set - Fraser's Golf Academy

Lecture 18 Fraser's Practice set

Section 15: Accounting Practice Set - Fraser's Golf Academy

Lecture 19 Fraser's Golf Academy Case

Section 16: Fraser's excel and video solution

Lecture 20 Fraser's Video Solution

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