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Business Accounting: Introduction to Accounting

Audience

Managers, prospective managers, and any other employees seeking competency in the area of accounting

Prerequisites

A basic understanding of the accounting function

Course Aim

To provide learners with an understanding of accounting concepts and methods

Learning Objectives

Give a brief history of accounting theory. Outline the generally accepted accounting principles (GAAP). Outline contemporary accounting practices. Identify the external stakeholders in a business and the kinds of accounting information they require. Identify a business?s internal stakeholders and their accounting needs. Describe the financial accounting subsystem. Explain how events are communicated within this subsystem. Describe the management accounting subsystem.

Topics Covered

Business and Accounting in the 1990s - Accounting: A brief history - Generally Accepted Accounting Principles - Hands-on: Know your accounting history - Today's accounting world Internal and External Stakeholders - Internal stakeholders - External stakeholders - Hands-on: Providing the right documents The Basic Accounting Subsystems - What is the financial accounting subsystem? - Hands-on: Grasping the basics - Communicating events within the financial accounting subsystem - The management accounting subsystem