it also requires a background in accounting, as business involves dealing with a constant flood of transactions and financial affairs. Ignorance of accounting can hamper one’s decision-making regarding such transactions and affairs, and can easily result for a business to face its doom.
This Mastering Business Accounting Certification course aims to give you a general introduction into the discipline of business accounting. Besides providing you a background on the types of business ownership structure and common financial sources and issues, the course also familiarises you with accounting concepts like financial statements, balance sheets, and profit-making process. Additionally, it also explains basic accounting methods and techniques and how they can be applied to control assets and liabilities, make and calculate profit, and keep track of cash flow.
Many people have this assumption that business accounting is the province of accountants. The truth, however, is that anyone planning to put up a business or is already involved in running one needs to have basic familiarity of the discipline, as it is critical to effective business operations and management.
Being knowledgeable in business accounting will not only enable you to make sense of different financial information, it will also enable you to use that information to take a business where you want it to go. Moreover, it is one of those skills that can pave the way for you to step into such careers as:
The course is replete with details that will help you make sense of the role of accounting in business as well as the processes and methods of creating and understanding financial information and overseeing financial reporting. When you study this course, some of the highlights you will be introduced to include: