Core Concepts of Accounting – Numbers and People

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课程简介

Moscow Institute of Physics and Technology, American Institute of Business and Economics

课程大纲

In Week 1 we discuss the scope of accounting and its two major areas – financial and managerial accounting. In the first part of the Course – Weeks 1 through 3 – we talk about financial accounting (FA). First, the key financial statements – the Balance Sheet (BS), the Income Statement (IS), and the Statement of Cash Flows (SCF) – are introduced, and the accounting equation is analyzed. Then we move on to the basic accounting principles, standards, and approaches – from double-entry bookkeeping to GAAP. Equipped with the general understanding of the financial accounting approach, we apply accounting procedures to transaction analysis. Then we study revenue and expense recognition, and focus on accounts receivable and bad debts. Finally, you will learn how financial accounting deals with inventories.

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课程详情

Whenever the word “accounting” is pronounced, it is immediately associated with the need to memorize endless boring numbers. However, it is the common financial statements that contain important information that provides inputs for valuation of investment projects. The only challenge is how to properly extract them. Accounting and finance are indeed intertwined. Sometimes people that are not experienced in the area even mix them up. But most often emphasis in accounting is on numbers. Still, the deep understanding of key accounting concepts helps reveal the interests and actions of people behind these numbers. And the human dimension of accounting adds invaluable insight in the potential of successful project implementation. This Course discusses core ideas and concepts of both financial and managerial accounting. It by no means pretends to be comprehensive to any extent. But, being rather an accounting overview, it focuses on the issues that are most relevant and important for effective valuation of investment projects. The learners will gain insight into the essence of accounting. They will be able to use the obtained knowledge and skills to successfully advance in their career at a financial institution, as well as in the area of financial management at non-financial businesses. To pursue a career in accounting, a more detailed study is strongly recommended.

会计核算的核心概念-数字和人员:每当发音“会计”一词时,就立即与记住无穷无尽的数字有关。但是,包含重要信息的是通用财务报表,这些信息为投资项目的估值提供了输入。唯一的挑战是如何正确提取它们。 会计和财务确实是交织在一起的。有时,在该地区没有经验的人甚至将他们混在一起。但是会计中最经常强调的是数字。尽管如此,对关键会计概念的深刻理解仍有助于揭示这些数字背后人们的兴趣和行动。会计的人为因素为成功实施项目提供了宝贵的见识。 本课程讨论财务和管理会计的核心思想和概念。它决不假装在任何程度上都是全面的。但是,从会计的角度来看,它侧重于对投资项目进行有效评估最相关且最重要的问题。 学习者将了解会计的本质。他们将能够使用获得的知识和技能,在金融机构的职业生涯以及非金融企业的财务管理领域取得成功。为了从事会计职业,强烈建议进行更详细的研究。

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