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03.03.2021
Fundamentals of Accounting (online)
Fundamentals of Accounting is a cost-effective and flexible online course 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 strategic business management? By enrolling, you will learn everything that experts and management need to know about financial matters.
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 a duration of approximately 10 minutes each. It also includes exercises that enable students to evaluate their mastery of each theme area. The total duration of the course is approximately 6 hours.
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.
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By completing the program, the participant will get Aalto EE Fundamentals of Accounting certificate. |
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"Expectations met 100%.”
"I have learned a lot during the course and have now a good understanding to deepen my learning on financial subjects."
(Feedback from participants)
Gain a comprehensive understanding of key concepts and terminology in accounting
Online excercises to check your mastery of each theme
Over 2,500 participants have developed their skills through the Fundamentals of Accounting online course
Watch the introduction video of the sample module:
Benefits
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.
The course will improve your skills and assist you in your work. You will gain confidence in your ability to understand financial concepts.
You will obtain comprehensive basic skills, while learning how to master key accounting terminology and interpret relevant economic indicators.
This course allows for flexible study patterns. You will be able to decide on your schedule and the speed at which you progress.
For
New Learners
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.
Contents
Accounting can be regarded as the language of business. Those who wish to operate successfully in a management position in any organization must understand and be able to speak this language. The Fundamentals of Accounting online course will cover the main areas of accounting and its key concepts. The aim is to provide a basic understanding of concepts, methods and uses of accounting. The course will cover e.g.:
- What can you read from the profit and loss statement, balance sheet, and cash flow statement
- How can you analyze the financial performance of an organization by using key performance indicators
- How profitability of products, services, and customers can be assessed
- How the performance of different kinds of organizations can be evaluated
- How to conduct financial planning
- How accounting can support various decision-making situations
Using accounting data and the principles of accounting
- Definition of accounting
- Financial accounting
Forming an overall picture of financial performance
- Bookkeeping
- 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
- Budgeting
- Budgetary system
Calculations in support of strategic decision-making
- Ad hoc calculations and cost-volume-profit analysis
- Pricing
- Capital budgeting - Estimating the profitability of investments
Program structure
19 video lectures
Online exercises to check your mastery of each theme
Total duration of study including exercises 7–8 hours
Instructor
Teemu Malmi
Teemu Malmi is Professor of Accounting at Aalto University School of Business. He specializes in managerial control systems, strategy implementation and cost, and profitability accounting.
Professor Malmi has served as a consultant to a large number of companies from different industries, e.g. Computers, Electrical, Energy, Finance, Food processing, Furniture, Health Care, Media, Metal and Engineering, Paper and Pulp, Pharmaceuticals, Rental Services, Retail, telecom and Transportation/logistics. He has also served ministries, municipalities and hospitals.
Fee and Registration
Program Fee
The fee for the Fundamentals of Accounting online course is € 200 (+ VAT).
The fee includes three months of access to the course content for one person.
VAT is applicable to private persons and Finnish companies.
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