Financial accounting is called the “language of business,” and for good reason. An examination of a firm’s financial statements – which reflect the company’s performance – reveals a wealth of information about its history, current financial health, and future potential. This is why business leaders use accounting to communicate their organisation’s financial information to potential investors, shareholders, lenders, and regulators. Financial accounting allows an organisation’s leaders to make sound business decisions and helps investors better understand company value.
In this course, you will learn how to interpret and communicate financial statements so that you can speak confidently on indicators such as assets, liabilities, shareholders’ equity, and goodwill. This course will teach you how to interpret the three financial statements core to any business – the income statement, balance sheet, and statement of cash flows – and analyse how they reflect business decisions. By the end of this course, you will know how to use financial accounting as a strategic tool to understand and grow your business – and understand and outmanoeuvre your competitors.
This course forms part of the University of Maryland's MBA Core Curriculum MicroMasters® programme, offered through the edX® platform.
The MBA Core Curriculum MicroMasters® programme from the University of Maryland includes the following courses:
Learn key marketing strategies and tactics to help your company develop products that match customers' needs, create awareness and demand for those products, and drive sales.
Leadership and Influence
Develop the skills to motivate and inspire others so you can confidently lead your organisation to success.
Financial accounting is the language of business. Learn to effectively interpret financial information to make sound decisions and confidently communicate to other leaders in your firm and with potential investors, shareholders, and creditors.
Data Analysis for Decision Making
Use data analysis to gather critical business insights, identify market trends before your competitors, and gain advantages for your business.
Strategic and Transformational IT
Learn about the explosion of technologies that are transforming business and how to strategically leverage technologies to maximise the value – and minimise the risk – to your firm.
Develop the ability to identify and resource high-value strategic initiatives and ensure a high rate of return for your firm's investments.
Global Business Strategy
Learn how to capitalise on opportunities, and manage the challenges of the global marketplace, and leverage this dynamic environment for long-term value.
The impact of financial transactions on financial statements. How to read and prepare balance sheets, income and cash flow statements. How to use financial statements to understand the profitability and financial health of your organisation. How to choose between equity and debt to finance the growth of your firm
No Need to Travel
20th January 2019
8-10hrs effort per week
The impact of financial transactions on financial statements
How to read and prepare balance sheets, income and cash flow statements
How to use financial statements to understand the profitability and financial health of your organisation
How to choose between equity and debt to finance the growth of your firm
The Basics of Financial Statements
Adjustments for Preparing Financial Statements
Understanding and Analyzing Inventory and Receivables
Understanding and Analyzing Long Term Assets
Understanding and Analyzing Liabilities and Bonds
Understanding and Analyzing Shareholders’ Equity
Understanding and Analyzing Statement of Cash Flows