Financial Accounting Online Course: Eliminating Your Fears

Babson College is offering free online course on Financial Accounting Made Fun: Eliminating Your Fears. This course introduces you to the form, content and definitions included in the primary financial statements: income statement, balance sheet, and cash flow statement.

The overall objective of this course will learn the language of financial accounting and how to use financial statement information to better manage and grow your business. The course will start on February 14, 2017.

Course At A Glance 

Length: 4 weeks
Effort:  4-6 hours pw
Subject: Business & Management
Institution: Babson College and edx
Languages: English
Price: Free
Certificate Available: Yes, Add a Verified Certificate for $49
Session: Course Starts on February 14, 2017

Providers’ Details

Founded in 1919, Babson College is the top-ranked college for entrepreneurship education. We believe that entrepreneurship is the most positive force on the planet for generating sustainable economic and social value, and Babson is a dynamic living and learning laboratory where more than 3,000 students from over 70 countries work together with faculty and staff to address the problems of business and society. In our collaborative community, students gain the fundamental business skills and liberal arts knowledge necessary to cultivate an entrepreneurial mindset. They then use that mindset to put what they learn into practice, making an impact on campus and around the world.

About This Course

Are financial statements a mystery to you? Do all those terms and metrics make your head spin? Do you avoid conversations with your finance leaders because you are not confident of your finance ability?

Having a solid understanding of financial terms, statements and metrics is critical to becoming a successful entrepreneur or manager. In this finance course, you will learn how to interpret and use the information contained in financial statements to make key operating decisions, evaluate business performance, and create forecasts of profits and cash flow.

Why Take This Course?

This course introduces you to the form, content and definitions included in the primary financial statements: income statement, balance sheet, and cash flow statement. You will learn how to use this information to make key operating decisions, such as how to balance growth with cash constraints. You will learn how to use ratios to diagnose a company’s financial health and apply these concepts and tools to evaluate a company of your own choosing.

Eliminate your fear of accounting! Financial accounting can be fun once the barriers to learning are broken down. Through a series of learning scenarios that take you through the creation of a simple business, you will become comfortable with basic accounting tools and concepts that you need to more effectively manage your business. By the end of the course, you will become a much more confident user of financial information and will be able to effectively engage with your finance leaders.

Learning Outcomes  

  • How primary financial statements are constructed and what types of information is captured in each statement
  • How cash and profits can differ and how to use that information to effectively manage growth
  • How to calculate key performance ratios and use those metrics to evaluate the performance of your business
  • How to create a financial forecast that you can use to better manage your business and to present to potential investors and creditors

Instructors

Peter Wilson

Peter Wilson currently serves on the faculty of Babson College where he teaches courses in financial reporting and financial statement analysis in the Accounting and Law Division.

Requirements

None

How To Join This Course

  • Go to the course website link
  • Create an edX account to SignUp
  • Choose “Register Now” to get started.
  • EdX offers honor code certificates of achievement, verified certificates of achievement, and XSeries certificates of achievement. Currently, verified certificates are only available in some courses.
  • Once applicant sign up for a course and activate their account, click on the Log In button on the edx.org homepage and type in their email address and edX password. This will take them to the dashboard, with access to each of their active courses. (Before a course begins, it will be listed on their dashboard but will not yet have a “view course” option.)

Apply now

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