Rutgers Classifieds>Rutgers Online Courses>Financial Accounting Fundamentals

Financial Accounting Fundamentals

About this Course

Every business has a story. Accounting tells the financial story of a business. How much profit does the company make? Can the company afford to grow or pay its employees more? What are its assets and liabilities? Is the company in good credit or an investment risk? These types of questions can be answered through the use and understanding of the stories that financial statements tell. In this course, you will explore standard business activities and follow them through to the financial statement phase to determine how those activities then contribute to the company’s profits. After taking this class, you should be able to: Record and present financial information by applying the appropriate framework and guidelines of accounting for business transactions including: Creating various financial statements based on various forms of financial data. Analyzing financial data to inform decision-making using a given framework. Explaining financial information to stakeholders to support business practices. Determine asset accounts and their disclosure in the financial statements by: Applying valuation methods to value account inventory Determining account values Developing financial statements Determine liability and equity accounts and their disclosure in the financial statements by: Identifying types of liabilities Distinguishing between current and long-term liabilities Evaluating financial impacts of long-term debt Explaining the difference between retained earnings and owners' equity

Created by: Southern New Hampshire University

Level: Introductory


Related Online Courses

Now more than ever, you are going to school, working, and living in communities with people who think, look, and have beliefs different from your own. This 45-minute course will give you the skills... more
What is a PMO, and how does it work? This course focuses on the Project Management Office (PMO) and the governance techniques used to monitor and control the delivery of projects and programs.... more
Each week is discussed in detail covering topics as diverse as the persistence of merchant guilds in medieval Europe, the historical emergence of the modern impersonal markets, and their promised... more
This course introduces the functional concepts of business in terms of economic systems, global markets, corporate social responsibility, and the importance of small businesses to the American... more
La finance est omniprésente et les décisions financières nous concernent tous. Tout individu est un jour ou l'autre amené à épargner ou emprunter. La sélection des projets d'investissements et leu... more

CONTINUE SEARCH

FOLLOW COLLEGE PARENT CENTRAL