Fundamentals of Accounting
Fundamentals of Accounting is a cost-effective and flexible study module on basic financial and management accounting. What does the profit and loss statement or the balance sheet tell us? What are the key financial indicators? How can I assess the profitability of investments? And what are the key principles of budgeting? How can I use accounting in support of the strategic business management? By enrolling, you will learn everything that experts and management need to know about financial matters.
This course is also ideal as pre-study material for the training programs offered by Aalto EE. Participants can revise the fundamentals of accounting prior to participation in the course's contact teaching module, allowing the class to focus on the special questions concerning their organizations and business areas.
19 video lectures
Online excercises to check your mastery of each theme
schedule and pace
The Fundamentals of Accounting online course provides participants with comprehensive basic skills in the areas of financial and management accounting. The course comprises 19 video lectures, with duration of approximately 10 minutes each. It also includes exercises which enable students to evaluate their mastery of each theme area. A total duration of online course is approximately 6 hours.
The course provides a cost-effective and flexible way of improving the accounting skills of managers and experts. It is also a means of providing selected teams, groups or departments with a uniform skill level.
This course is aimed at managers accountable for financial results and experts willing to learn the fundamentals of accounting and the skills required in interpreting financial indicators.
Learners in need of revision
This online course is suitable for those who need to revisit or acquaint themselves with the basic concepts of accounting and the contexts in which they are typically used. It also provides excellent preparatory training for students prior to enrolling in any of the training programs offered by Aalto EE.
Lecturer: Teemu Malmi, Professor, Aalto University School of Business
Using accounting data and the principles of accounting
- Definition of accounting
- Financial accounting
Forming an overall picture of financial performance
- Balance sheet
- Income statement
- Cash flow statement
Key financial indicators and their interpretation
- Financial statement analysis, part I: profitability
- Financial statement analysis, part II: capital structure and liquidity
- Financial statement analysis, part III: efficiency
Cost accounting and allocation of costs
- Cost accounting tasks and concepts
- Product and service costing
Implementation of strategy by means of goal-oriented management
- Accounting for strategic management
- Management of an investment center organization
Budgeting as a means of financial and business management
- Budgetary system
Calculations in support of strategic decision-making
- Ad hoc calculations and cost-volume-profit analysis
- Capital budgeting - Estimating the profitability of investments