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Fundamentals of Accounting Online Course
What does the profit and loss statement or the balance sheet tell us? What are the key financial indicators? How can I assess the profitability of investments? And what are the key principles of budgeting? How can I use accounting in support of strategic business management?
The Fundamentals of Accounting online course introduces basic financial and management accounting. During the course, you will learn everything experts and management need to know about financial matters.
The course comprises 19 video lectures, with a duration of approximately ten minutes each. It also includes exercises that enable students to evaluate their mastery of each theme area. The total duration of the course is approximately six hours.
This course is also ideal as pre-study material for the training programs offered by Aalto EE. You can revise the fundamentals of accounting before participating in the course's contact teaching module, allowing the class to focus on the special questions concerning your organizations and business areas.
The course is available both in English and Finnish.
Take the English courseDownload info card
Learn more about the Finnish course
Start
Any time: License for three (3) months starting from the order date
Fee:
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"Expectations met 100%.”
"I have learned a lot during the course and have now a good understanding to deepen my learning on financial subjects."
(Feedback from participants)
Gain a comprehensive understanding of key concepts and terminology in accounting
Online exercises to check your mastery of each theme
Over 2,500 participants have developed their skills through the Fundamentals of Accounting online course
Watch the introduction video
Benefits
The course provides a cost-effective and flexible way of improving the accounting skills of managers and experts. It also provides selected teams, groups, or departments with a consistent skill level.
Obtain comprehensive basic skills, while learning how to master key accounting terminology and interpret relevant economic indicators
Improve your skills and get assistance to your work. Gain confidence in your ability to understand financial concepts
For
New Learners
This course is aimed at managers accountable for financial results and experts willing to learn the fundamentals of accounting and the skills required to interpret financial indicators.
Learners in Need of Revision
The course is suitable for those who need to revisit or acquaint themselves with the basic concepts of accounting and the contexts in which they are typically used. It also provides excellent preparatory training for students before enrolling in any of the training programs offered by Aalto EE.
Contents and Schedule
Accounting can be regarded as the language of business. Those who wish to operate successfully in a management position in any organization must understand and be able to speak this language. The Fundamentals of Accounting online course will cover the main areas of accounting and its key concepts. The course provides a basic understanding of accounting concepts, methods, and uses.
The course will cover, e.g.:
- What you can read from the profit and loss statement, balance sheet, and cash flow statement
- How can you analyze the financial performance of an organization by using key performance indicators
- How you can assess the profitability of products, services, and customers
- How you can evaluate the performance of different kinds of organizations
- How to conduct financial planning
- How accounting can support various decision-making situations
The estimated study time of the course is 12 hours. The course allows flexible study patterns; you can decide on your schedule and the speed of your progress. The recommended study schedule is 2-3 hours per week for 3-4 weeks.
- Definition of accounting
- Financial accounting
- Bookkeeping
- Balance sheet
- Income statement
- Cash flow statement
- Financial statement analysis, part I: profitability
- Financial statement analysis, part II: capital structure and liquidity
- Financial statement analysis, part III: efficiency
- Cost accounting tasks and concepts
- Product and service costing
- Accounting for strategic management
- Management of an investment center organization
- Budgeting
- Budgetary system
- Ad hoc calculations and cost-volume-profit analysis
- Pricing
- Capital budgeting - Estimating the profitability of investments
Structure
Ten Online Modules
Videos, podcasts, and narrated visualizations, each approximately 10 min
Knowledge Check
Check your lessons learned
Workbook
Follow expert directions to start your visualization
Instructor
Teemu Malmi
Teemu Malmi is a Professor of Accounting and Head of the Department of Accounting at Aalto University School of Business. Also, he has previously been the Chairman of the Board at Aalto University Executive Education Ltd. and Sannäs Manor Ltd.
Professor Malmi specializes in management systems, strategy implementation, and cost and profitability accounting. He teaches frequently in a variety of Executive Programs and has served as an advisor to a large number of companies from various different industries: IT, electronics, energy, finance, food, health care, media, metal and engineering, paper and pulp, pharmaceuticals, rental services, retail, telecom and transportation/logistics and the public sector.
Teemu Malmi holds a Ph.D. in Accounting and Finance from The Helsinki School of Economics, which was merged into Aalto University in 2010.
Fee and Registration
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