Brief Introduction
Be it a Fortune 500 company, a startup, or a nonprofit, having a solid understanding of financial accounting principles is essential for making critical business decisionsCourse Summary
Learn the fundamental principles of Financial Accounting with Harvard's online course. Explore the role of accounting in business decision-making and financial reporting.Key Learning Points
- Understand the basics of financial accounting and how it is used in business
- Learn how to interpret financial statements and make informed business decisions
- Explore the ethical considerations and regulations surrounding financial accounting
Related Topics for further study
Learning Outcomes
- Develop a foundational understanding of financial accounting principles
- Apply accounting concepts to real-world business scenarios
- Make informed business decisions based on financial data
Prerequisites or good to have knowledge before taking this course
- No prior accounting knowledge required
- Access to a computer and internet connection
Course Difficulty Level
BeginnerCourse Format
- Online
- Self-paced
Similar Courses
- Financial Accounting Fundamentals
- Introduction to Financial Accounting
- Financial Accounting: Foundations
Related Education Paths
- Harvard Business School's Financial Reporting and Control Executive Education Program
- Chartered Financial Analyst (CFA) Certification
Related Books
Description
Course description
Be it a Fortune 500 company, a startup, or a nonprofit, having a solid understanding of financial accounting principles is essential for making critical business decisions. Offered in collaboration with Harvard Business School Online, a digital learning initiative from the faculty at Harvard Business School, this pre-recorded online course covers concepts such as profit and revenue, assets and liabilities, and students learn how to prepare and analyze financial statements. The course covers important accounting principles, such as how to record transactions using journal entries; how to post transactions to accounts; and how to prepare a trial balance, balance sheet, income statement, and cash flow statement. Other topics covered include analyzing financial statements, and forecasting and valuation. Students emerge with a deeper understanding of the financial accounting methodology and its application in a number of business scenarios. Learning materials and interaction take place primarily within the HBS Online learning environment. Although the professor does not have direct real-time interaction with students, he has developed short video lectures, cases, exercises, and other interactive learning elements to create a highly engaging educational experience. Participants typically learn as much (if not more) from thoughtful participation and from peers in this active learning ecosystem as they do from faculty content.
Summary of User Reviews
This financial accounting course from Harvard has received positive reviews from students. Many users found the course to be comprehensive and engaging, with a strong focus on real-world applications of accounting principles.Key Aspect Users Liked About This Course
Real-world applications of accounting principlesPros from User Reviews
- Comprehensive course material
- Engaging presentation style
- Expert instructors
- Flexible online format
- Access to Harvard resources
Cons from User Reviews
- Challenging coursework
- Requires strong time management skills
- Limited interaction with instructors
- No official certification
- Relatively high cost
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