ImperialBusinessX, ImperialX: Accounting Essentials
An introduction to the financial and management accounting skills needed to succeed in both MBA study and in business.
Learning Journey Context
This course serves as an entry point into Business & Management, building foundational knowledge before moving on to advanced frameworks or specialized paths.
Relevant for professionals pursuing roles within Business & Management.
Quick Facts
What You’ll Learn
Want to study for an MBA but unsure of your basic accounting skills? Paving the way for MBA study, this course will teach you the foundational accounting skills needed to achieve success on an MBA program and in business generally.
You will be introduced to the principles of accounting and learn about the basic financial statements, including the income statement, the balance sheet and the cash flow statement. You will learn how to read and interpret this information in order to make informed business decisions.
This course assumes no prior knowledge of accounting. Concepts are explained clearly and regular activities offer you the opportunity to practice your skills and improve your confidence.
Outcomes
- How to create and interpret the three basic accounting statements - the income statement, the balance sheet and the cash flow statement.
- How management accounting differs from financial accounting.
- How financial information is used on an MBA program and in business to make informed decisions.
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