Fundamentals of Accounting Specialization
Accounting Basics for Managers and Entrepreneurs. Apply principles that underlie financial statements and facilitate business decisions and goals.
About This Specialization
Accounting is the “language of business.” Being able to understand this language allows individuals both inside and outside of an organization to join the “conversation” about how the organization is performing and how it can improve future performance. Financial accounting focuses on the reports that managers generate to provide interested external parties a summary of the firm’s financial position and operations. Managerial accounting focuses on the information and the analytical tools and techniques that help managers and employees make the right business decisions. In this Specialization, you will learn the fundamentals of both of these purposes of accounting. More specifically, you will understand the financial statements that managers create, and be able to interpret and analyze these statements to assess the financial position of the organization. You will also identify and understand the nature, purpose, and importance of different types of decision-useful accounting information, and use analytical tools and techniques to use this information to make business decisions. Via the capstone, you will apply these fundamentals via the lens of a new business, creating a business plan, forecasts and budgets, and anticipated information needs for decisions made by you as owner and manager, your employees, and external parties such as future shareholders, creditors, and other constituents.
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- Beginner Specialization.
- No prior experience required.
Understanding Financial Statements: Company Position
- 4 weeks of study, 2-4 hours/week
About the CourseThis course is designed to provide a basic understanding of financial statements with an emphasis on the balance sheet. However, to understand accounting driven financial statements, it is important to recognize that accounting is less about counting
Understanding Financial Statements: Company Performance
- 4 weeks of study, 2-4 hours/week
About the CourseThis course is designed to provide a basic understanding of financial statements with an emphasis on the income statement. Building on the foundation formed in the first course, you will learn about the third of our three measurement questions and
Accounting for Business Decision Making: Measurement and Operational Decisions
- 4 weeks of study, 1-3 hours/week
- English, Arabic
About the CourseAccounting information is the lifeblood of the organization as it facilitates and influences operational and strategic decisions intended to achieve organizational goals. Organizations benefit from three decision-oriented roles of acc
Accounting for Business Decision Making: Strategy Assessment and Control
About the CourseAccounting information is the lifeblood of the organization, as it facilitates and influences operational and strategic decisions intended to achieve organizational goals. Organizations benefit from three decision-oriented roles of acc
Fundamentals of Accounting CapstoneUpcoming session: Nov 12
- 6 weeks of study. 4-6 hours/week
About the Capstone Project**You should complete all other courses in the Fundamentals of Accounting Specialization before beginning this course.** The capstone project will be set in the context of a realistic small-business enterprise, and will require you to think deeply and a
Gary Hecht, Ph.D.
Associate Professor of Accountancy
Kevin E. Jackson
Associate Professor of Accountancy and PwC Faculty Fellow
Sharon P. Cox, Ph.D.
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