Financial Accounting for MBAs

Gain a good grasp of Accounting with Financial Accounting for MBAs from SoundBasics.

Course Description

The "Financial Accounting for MBAs" course aims to equip MBA students and graduates with a good grasp of Accounting, starting with the basics and going right up to the preparation and "first level" analysis of the Profit & Loss Account, Balance Sheet and Cash Flow statement. MBA students are future Business Managers. It is thus necessary for them to grasp the essential nuances of Accounting numbers and statements. After all, as future Business Managers, MBA students need to be comfortable reading and interpreting Financial Statements. They need to understand concepts like revenues, costs, budgets etc, no matter what their specialization is in. The "Financial Accounting for MBAs" course has been designed keeping in mind the heterogeneous background of the MBA students and is aimed at creating conceptual clarity and buildi... Read More »

The “Financial Accounting for MBAs” course aims to equip MBA students and graduates with a good grasp of Accounting, starting with the basics and going right up to the preparation and “first level” analysis of the Profit & Loss Account, Balance Sheet and Cash Flow statement.

MBA students are future Business Managers. It is thus necessary for them to grasp the essential nuances of Accounting numbers and statements.

After all, as future Business Managers, MBA students need to be comfortable reading and interpreting Financial Statements. They need to understand concepts like revenues, costs, budgets etc, no matter what their specialization is in. The “Financial Accounting for MBAs” course has been designed keeping in mind the heterogeneous background of the MBA students and is aimed at creating conceptual clarity and building strong fundamentals in Financial Accounting, with an objective of developing in them a good commercial sense.

Besides covering the Accounting Fundamentals, the course also covers:

  • Financial Statement Preparation
  • Analysis of Financial Statements
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Course Details:

Target Audience

This course is ideal for MBA students and graduates.
Certificate Info:

Type of Certification

Certificate of Completion

Format of Certification

Digital

Method of Obtaining Certification

When a learner completes the courses he will automatically be taken to a 'request for certificate' page. The learner will receive a 'Course Completion Certificate' once he/she completes the course.

Course Outline

  • Introduction to the Accounting System
  • Forms of Business Organizations
  • Basic Accounting Concepts
  • Introduction to the Accounting Equation
  • Components of the Accounting Equation
  • How the Balance Sheet represents the Accounting Equation
  • Equity Component of the Accounting Equation
  • Introduction to Grouping
  • Grouping in the Balance Sheet
  • Grouping in P&L Statement
  • Introduction to Journal Entries
  • More Journal Entries & Accrual Concept
  • Journal Entry to Ledger
  • Ledger to Trial Balance to Financial Statements
  • Matching Concept, Adjustment Entries
  • Adjustments – Depreciation, Provisions, Unearned & Unbilled Revenues
  • Closing Process, Accounting Conventions
  • Revenues, Expenses & Inventory for a Merchandising Entity
  • P&L Account of a Merchandising Entity
  • Direct vs Indirect Costs
  • Cost of Goods Sold
  • Accounting for Closing Inventory (Raw Materials, WIP & Finished goods)
  • Capital vs Revenue Expenditure
  • Fixed vs Variable Cost
  • Introduction to the Purchase Process
  • Ordering / Receiving
  • Vendor Payments
  • Purchase Returns
  • Receipt of Customer Orders
  • Order Execution, Invoicing & Collection
  • Sales Returns
  • Control Concerns
  • Need and Purpose of a CashFlow Statement
  • Preparation of a CashFlow Statement
  • Interpretation of CashFlow Statements
  • Working Capital Cycle
  • Liquidity & Solvency Ratios, Stock Market Strength Ratio (Current Ratio, Quick Ratio, Debt Equity Ratio, Interest Coverage Ratio)
  • Management Efficiency/Activity Ratios & Capitalisation Ratios (Receivables Turnover, Receivables Collection Period, Payables Turnover, Payables Payment Period, Inventory Turnover, Inventory Holding Period)
  • Kingfisher Airlines
  • Satyam Computers
  • WoldCom (MCI)
  • Balaji Telefilms & Cine Vista

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