ACCOUNTING IS THE LANGUAGE OF BUSINESS
EVERY BUSINESS ORGANIZATIONS THAT HAS ECONOMIC RESOURCES ,SUCH AS MONEY , MACHINERY AND BUILDINGS ,USES ACCOUNTING INFORMATION . FOR THIS REASON ACCOUNTING IS CALLED THE LANGUAGE OF BUSINESS.
THE PROCESS OF IDENTIFYING ,MEASURING AND COMMUNICATING ECONOMIC INFORMATION TO PERMIT INFORMED JUDGEMENT AND DECISIONS BY THE USERS OF THE INFORMATION.
Financial Accounting is often called the language of business; it is the language that managers use to communicate the firm's financial and economic information to external parties such as shareholders and creditors. Nobody working in business can afford financial illiteracy. Whether you run your own business, work as a manager or are just starting your career, you want to understand financial information and be able to interact with accountants, controllers, and financial managers. You want to talk business! This course will provide you with the accounting language's essentials. Upon completion, you should be able to read and interpret financial statements for business diagnosis and decision-making. More importantly, you will possess the conceptual base to keep learning more sophisticated accounting and finance on your own.
EVERY BUSINESS ORGANIZATIONS THAT HAS ECONOMIC RESOURCES ,SUCH AS MONEY , MACHINERY AND BUILDINGS ,USES ACCOUNTING INFORMATION . FOR THIS REASON ACCOUNTING IS CALLED THE LANGUAGE OF BUSINESS.
THE PROCESS OF IDENTIFYING ,MEASURING AND COMMUNICATING ECONOMIC INFORMATION TO PERMIT INFORMED JUDGEMENT AND DECISIONS BY THE USERS OF THE INFORMATION.
Financial Accounting is often called the language of business; it is the language that managers use to communicate the firm's financial and economic information to external parties such as shareholders and creditors. Nobody working in business can afford financial illiteracy. Whether you run your own business, work as a manager or are just starting your career, you want to understand financial information and be able to interact with accountants, controllers, and financial managers. You want to talk business! This course will provide you with the accounting language's essentials. Upon completion, you should be able to read and interpret financial statements for business diagnosis and decision-making. More importantly, you will possess the conceptual base to keep learning more sophisticated accounting and finance on your own.
Accounting furnishes all information about past events, current activities and future possibilities of a business.
Recording and analyzing past and present financial events.
Accounting presents and communicates various information in the form of statements and reports to the interested parties like owners, employees, management, investors, buyers, sellers etc.
From these accounts, statements, and reports, parties concerned can evaluate their success-failure, financial solvency/insolvency etc.
Of course, having sound command over accounting language one can understand this information.
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