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    Financial Accounting Overview

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    Tharineesh M

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    Financial Accounting Overview

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    22 views2 pages

    Financial Accounting Overview

    Uploaded by

    Tharineesh M

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    © All Rights Reserved
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    Financial Accounting

    Financial accounting is the backbone of any well-run business. Be it a Fortune


    500 company, a start-up, or a non-profit, having a solid understanding of
    financial accounting is essential for business success.
    Quick Facts
    • An interactive, immersive,
    Harvard Business School Online’s Financial Accounting course will teach you the and highly experiential online
    fundamentals of financial accounting. Starting with the basics of recording trans- program
    actions as journal entries and posting them to T accounts, you will learn how to
    prepare a balance sheet, income statement, and cash flow statement. Equipped • Build, interpret, and analyze
    with an understanding of the building blocks of financial statements, you will financial statements to drive
    learn how to analyze them and calculate and interpret critical ratios. The course business decision-making
    concludes with an introduction to forecasting and valuation where you will learn
    • 7 modules of study over
    to prepare forecasted financial statements and make capital budgeting decisions
    8 weeks
    using tools such as Net Present Value and Internal Rate of Return calculations.
    Participating in Financial Accounting will allow you to: • Approximately 60 hours of
    total learning time
    • Understand where the information • Analyze ratios and use the DuPont
    in financial statements originates by Framework to evaluate a business • Certificate of Completion
    recording transactions from Harvard Business
    • Prepare and evaluate financial School Online
    • Construct balance sheets and forecasts used to make strategic
    income statements decisions
    • Use the statement of cash flows to • Learn how to value a venture,
    evaluate the financial health of a project, or investment opportunity
    business and perform a sensitivity analysis

    Who is this course for? About the Harvard Business School Faculty
    Financial Accounting is designed for V.G. Narayanan
    individuals who are looking to learn Thomas D. Casserly, Jr. Professor of Business
    how to build and interpret financial Administration
    statements. The course also develops
    problem-solving skills and allows Professor Narayanan has been teaching accounting
    individuals to better contribute to at Harvard Business School for the past 20 years
    business discussions and decision and is currently co-chair of the MBA program’s
    making. second-year, elective curriculum. His research in
    management accounting focuses on understanding
    how firms can use incentives and performance
    feedback to improve performance.

    For more information, visit online.hbs.edu or email us at HBSOnlineAlliances@hbs.edu


    © Copyright 2019. President and Fellows of Harvard College. All Rights Reserved.
    Financial Accounting Syllabus

    Modules Lessons Learning Objectives

    • Accounting Equation Components • Understand the accounting equation and demonstrate


    how different transactions impact it
    Module 1

    • Basic Transactions and the Equation


    The Accounting • Define key accounting concepts and principles

    Quiz
    • Accounting Principles and Rules
    Equation • Formal Definitions of Accounting
    Terms
    Module 2

    • Journal Entries and T Accounts • Understand where financial statement information


    Recording originates by recording business transactions as journal

    Quiz
    • Advanced Journal Entries
    Transactions entries
    • The Trial Balance
    Module 3

    • The Balance Sheet • Construct the balance sheet and income statement to
    Financial

    Quiz
    • The Income Statement learn their purpose and format
    Statements

    • Accruals and Deferrals • Understand complex accounting transactions and how


    Module 4

    they relate to accounting principles


    Adjusting • Long-Lived Assets

    Quiz
    Journal Entries • Inventory • Recognize the impact of judgment and bias on financial
    statements and accounting practices
    • Deferred Taxes

    • Operating: Direct Method • Use the statement of cash flows to evaluate the
    Module 5

    financial health and life-cycle stage of a business


    The Statement of • Operating: Indirect Method

    Quiz
    Cash Flows • Investing and Financing

    • Profitability • Analyze ratios and use the DuPont Framework to evaluate


    the financial state of a business
    Module 6

    Analyzing • Efficiency
    Quiz

    Financial • Leverage
    Statements • Other Ratios
    • Impact of Policy Differences

    • Pro-Forma Financial Statements • Prepare and evaluate financial forecasts used to make
    strategic decisions
    Module 7

    • Projecting Free Cash Flows


    Forecasting and • Calculate and forecast free cash flows
    Quiz

    • Valuation
    Valuation • Determining Relevant Cash Flows • Learn how to value a venture, project, or investment
    opportunity and perform a sensitivity analysis of key
    assumptions

    For more information, visit online.hbs.edu or email us at HBSOnlineAlliances@hbs.edu


    © Copyright 2019. President and Fellows of Harvard College. All Rights Reserved.

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