Fundamentals of Business Accounting
Master the essentials of financial statements, accounting cycles, and business analysis. Learn to make informed investment decisions with accounting.
Master the essentials of financial statements, accounting cycles, and business analysis. Learn to make informed investment decisions with accounting.
This comprehensive course introduces the fundamentals of business accounting, focusing on the four key financial statements: Income Statement, Balance Sheet, Statement of Retained Earnings, and Statement of Cash Flows. Students learn the building blocks and accounting cycles that create each statement, gaining practical skills in financial analysis and business decision-making. The course covers essential accounting terminology, break-even analysis, and profitability projections, making it valuable for business owners, investors, and anyone managing retirement accounts.
Instructors:
English
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What you'll learn
Master essential accounting terminology and concepts
Analyze and interpret the four basic financial statements
Understand accounting cycles and their impact on business operations
Perform break-even analysis and profit projections
Evaluate companies for investment decisions
Apply financial tools for business analysis
Skills you'll gain
This course includes:
Live video
Graded assignments, exams
Access on Mobile, Tablet, Desktop
Limited Access access
Shareable certificate
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Module Description
This course provides a comprehensive introduction to business accounting fundamentals, focusing on understanding and analyzing financial statements. Students learn essential accounting terminology, concepts, and cycles that form the foundation of financial reporting. The curriculum covers the four main financial statements, break-even analysis, and tools for projecting profitability. Practical applications include evaluating companies for investment decisions and understanding business financial health.
Fee Structure
Instructor
Experienced Accounting Educator and Tax Professional
Kimberly Fatten is a seasoned Certified Public Accountant who brings over two decades of diverse industry experience to her role as an accounting instructor at Purdue University. Her professional background spans manufacturing, construction, insurance, and education sectors, providing her with comprehensive practical knowledge that enriches her teaching of financial accounting and income taxation. Her academic credentials include a BS in Accounting from Indiana State University and an MBA from Indiana University's prestigious Kelley School of Business, and she is currently pursuing a PhD in higher education/student affairs from Indiana University. At Purdue University, she serves as the Volunteer Income Taxation Assistance Coordinator, demonstrating her commitment to both education and community service through practical application of tax knowledge.
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Frequently asked questions
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