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Last updated 4/2022
MP4 | Video: h264, 1280x720 | Audio: AAC, 44.1 KHz
Language: English | Size: 762.67 MB | Duration: 1h 34m
Before entering the MBA you need some accounting knowledge. WHY? Because Accounting is the Language of Business!
MP4 | Video: h264, 1280x720 | Audio: AAC, 44.1 KHz
Language: English | Size: 762.67 MB | Duration: 1h 34m
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
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