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 maximize 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.
