Intro to Financial Accounting Crash Course: Earn an A Today!

Course details

Imagine you get a test back from your professor, the stated grade is a D. You look up at your professor and ask for comments and criticism to help re-evaluate your work. How would you expect to otherwise achieve a different result without identifying the problem and rectifying it?

In this analogy financial accounting information is what gives us the opportunity to look back in hindsight and fix any problems.

Financial accounting is the language of business. In business, we use financial accounting to report everything we do. Whether it's paying our employees, issuing a dividend to shareholders or purchasing a capital asset, we report it. By record keeping we ensure that we have a history of every economic transaction. Summarizing all of these transactions into financial statements provides us with a general snapshot of our performance and position in the marketplace. Having this financial information at our fingertips is key to future planning and decision making.

When we start our introduction to financial accounting you'll familiarize yourself with the principles that can be applied to business scenarios, time and time again.

Get ready to crunch some numbers as we explore topics like..

• Basic Financial Elements
• The Conceptual Framework of Financial Accounting
• The Double Entry Accounting System
• Policies to Account for Assets, Liabilities and Equity
• Financial Statement Preparation

I look forward to discussing any questions you might have in class! :)