• Unit 1: Accounting Environment, Decision Making, and Theory

    In this introductory unit of the course, you will learn about a variety of the foundational elements of accounting that are crucial to the understanding of the material in this course.

    To understand financial accounting, you will need an in-depth understanding of the four basic financial statements and the purpose they each serve. You will also need to understand how data is captured and transformed into information and how the accounting equation seeks to ensure that you are properly recording the data.

    Throughout the course you will be introduced to various career fields and employment positions associated with the concepts of this course. Consider this information an exploration of the viability of accounting as an employment option and as a means of reinforcing how significant these concepts are to the success of business operations.

    Completing this unit should take you approximately 11 hours.

    • 1.1: The Accounting Environment

    • 1.2: Foundational Business and Accounting Concepts and Transaction Analysis

        • 1.2.1: Basic Accounting Concepts

        • 1.2.2: Introducing Financial Statements

      • 1.3: Accounting and Its Use in Business Decisions

      • 1.4: Accounting Theory

      • Unit 1 Assessment