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What is accounting fundamentals?

The Accounting Fundamentals course covers the importance of the financial statements and various financial statement terms. We will record transactions and prepare an multi-year income statement, balance sheet, and cashflow statement. Accounting Fundamentals Learning Objectives • Understand the role and importance of the financial statements. ...

What are the basics of financial accounting?

Follow along as I explain the basics about assets, liabilities and equity, along with fundamental concepts like the accounting equation, debits and credits, the accounting cycle, financial statements and more! Financial accounting is the language of business. In business, we use financial accounting to report everything we do. ...

Why is accounting fundamentals important?

Understanding the basics of accounting is a crucial skill for almost all finance professionals as it gives us insight into profitability, operations, growth, and the underlying drivers of the business. The Accounting Fundamentals course covers the importance of the financial statements and various financial statement terms. ...

What are the learning objectives of Accounting Fundamentals?

Accounting Fundamentals Learning Objectives • Understand the role and importance of the financial statements. • Define various financial statement terms • Explore the format of the income statement, balance sheet, and cash flow statement. • Record financial statement transactions. • Understand how transactions move through the financial statements. ...

Who should take financial accounting fundamentals?

I would recommend the course to anyone who would want to study financial Accounting Fundamentals. Great course by all standards, the flair, and tact with which Professor Lynch presents the content of accounting is concise and down to earth and for me is a great mark of class. New to Business Essentials? Start here. ...

What if you don't know the fundamentals of Finance?

“Finance is the language of a business, without knowing the Fundamentals of Finance, It is nearly impossible to understand the business operations and the secrets that lie behind the numbers.” ➢ Preparation of Accounts, Trial balances and Financial Statements 1. Video recorded lectures. 2. Practice questions. 3. FREE Comprehensive Slides. 4. ...

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