Financial Accounting for Business Management

Develop your understanding of the principles of accounting

Accounting is, quite simply, a language that provides information about the financial position and financial performance of an organisation.

On this four-week course from Sentinel|9, you’ll explore the fundamentals of financial and management accounting. You’ll focus on critical evaluation of accounting information contained in financial statements and the application of key cost and management accounting techniques in daily business decisions.

Explore the concepts and regulations of financial reporting

Companies publish their financial accounting information in the form of financial statements. There are many moving parts to financial statements, and every business manager should be able to analyse and understand them.

You’ll look at the basic concepts of accounting and their uses within financial statements, from profit and loss and EBITDA to depreciation journals and cash flow.

Learn techniques and models to help with cost and management accounting

Management accounting is concerned with the information given to people within the organisation to help them make better decisions. Thus, management accounting could be called internal accounting.

This course will guide you through the main techniques used in management accounting, such as operating efficiency and job costing, and how to apply them to your own accounting.

Discover more technical financial and cost analysis for future planning

Using real-world case studies, you’ll learn important formulas and analysis techniques to help you estimate future revenues, costs, and profits. This is a vital part of financial accounting as it helps you to plan and monitor operations.

You’ll finish by exploring the limitations of accounting, from intangibles to human capital and goodwill.

This course is designed for students and business professionals interested in financial and management accounting. It may also be useful for aspiring entrepreneurs and anyone looking for a career in business management.

• Principles of accounting
• Course welcome
• Principles of accounting part 1
• Principles of accounting part 2
• End of Week 1 wrap up
• Financial accounting
• Weekly welcome
• Financial accounting part 1
• Financial accounting part 2
• Financial accounting part 3
• Financial accounting part 4
• End of Week 2 wrap up
• Management and cost accounting
• Weekly welcome
• Management and cost accounting part 1
• Management and cost accounting part 2
• End of Week 3 wrap up
• Cost-volume-profit analysis and limitations of accounting
• Weekly welcome
• Cost-volume-profit analysis
• Limitations of accounting
• End of course wrap up