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Introduction to the context of accounting
Revenue, profit and loss, balance sheets are these accounting terms that intimidate you? This free course, Introduction to the context of accounting, will help you to understand the very basics of accounting, from its historical beginnings to the objectives of modern day accountants. You will learn how an accountant in business balances conflicting demands to maximise market share and profit.
Course learning outcomes
After studying this course, you should be able to:
- describe accounting's primary objective
- explain what is meant by inputs to and outputs from the accounting information system
- explain the relationship between data, data processing, data summarisation and information
- explain the difference between data and information
- describe the five main characteristics of 'good' information.
You can start this course right now without signing-up. Click on any of the course content sections below to start at any point in this course.
If you want to be able to track your progress, earn a free Statement of Participation, and access all course quizzes and activities, sign-up.
- Learning outcomes
- 1 What is accounting about?
- 2 Accounting information systems
- 3 What is an accountant?
- 4 Data v. information
- 5 The characteristics of ‘good’ information
- 6 Accounting and the objectives of the firm
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About this free course
4 hours study
Level 3: Advanced
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