Unit 1: Accounting Environment, Decision-Making, and Theory
In this introductory unit, you will learn about a variety of the foundational elements of accounting that are crucial to understanding the material in this course. To understand financial accounting, you will need to know the purpose of each of the four basic financial statements, how data is captured and transformed into information, and how the accounting equation seeks to ensure that you are properly recording the data. Throughout this course, we will introduce you to several career opportunities. Consider this information as you explore the viability of accounting as a career and use it to reinforce how significant these concepts are to the success of business operations.
Completing this unit should take you approximately 10 hours.
1.1: The Accounting Environment
1.2: Accounting and Its Use in Business Decisions
1.3: Financial Statements
1.4: Accounting Theory
1.5: Internal Controls
Unit 1 Practice