Key Information
About the content
Whether you are starting your own business or supplementing your understanding of accounting, this business course will help you understand accounting basics and give you meaningful financial tools to understand business.
Understanding the four basic financial statements, Income Statement, Balance Sheet, Statement of Retained Earnings, and Statement of Cash Flows, is key to evaluating companies for your investment decisions. But this business course goes beyond just understanding these financial statements. Business Accounting Basics takes you through the building blocks and accounting cycles that create each statement. In addition, this course will give you the basic tools to project profitability and break your costs down to help analyze any company.
This course is built to fit the needs of everyone, including those who have a 401k, other retirement plans or want to invest in different companies.
Syllabus
- Necessary accounting terminology and concepts
- The basics of the four financial statements
- The building blocks of financial accounting
- The different accounting cycles in a business break-even analysis, target profit analysis, and degree of operating leverage
Instructors
Kimberly Fatten
Certified Public Accountant
Professor - Purdue University
Kimberly Fatten is a Certified Public Accountant with over 20 years of industry experience in manufacturing, construction, insurance, and education. She has a BS in Accounting from Indiana State University, an MBA from Indiana University’s Kelley School of Business (Indianapolis, IN) and hopes to soon have her PhD in higher education / student affairs from Indiana University. She currently teaches financial accounting and income taxation at Purdue University, where she will serve as the Volunteer Income Taxation Assistance Coordinator.
Content Designer
Purdue University is a world-renowned, public research university that advances discoveries in science, technology, engineering and math.
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