Accounting is designed to help those with an interest in a business, or other organisation, to assess its financial position and performance. It aims to communicate relevant economic information to interested parties and, as a result, improve the quality of decisions that are made.
Unless accounting achieves this purpose, it would really be a waste of effort to provide the information. In this course we consider the major financial statements that are produced by businesses on a regular basis to help in the decision making process. These financial statements are designed to provide an overview of the business's financial health and are widely used by managers, owners, suppliers, customers and others.
About Accounting Course
We consider the main principles underpinning these statements as well as their strengths and weaknesses. In addition. We consider how these statements can be analysed in order to come to some conclusions about the financial health of a business.
This accounting course requires no previous knowledge of accounting or finance.