Key Principles and Concepts in Accounting - PDC73744
Key principles and concepts in accounting are important to learn about as a manager or a leader, so you can decipher the financial information available to you. Does this sound like you? If so, this micro-credential is what you need! These skills will help you determine whether the business is running at a loss or a profit, the liabilities of the business and whether the business is complying with its legal accounting obligations. Understanding accounting is an essential tool for leaders who need to efficiently and effectively make business decisions. As a micro-credential, this course gives you a certificate of completion and a digital badge to display in your profile or share on social media.
In this online micro-credential, you will examine key principles and concepts relevant to accounting. These concepts are important to learn about, even as a manager or a leader, so that you are able to decipher the financial information available to you. These skills will help you determine whether the business is running at a loss or a profit, the liabilities of the business and whether the business is complying with its legal accounting obligations. Understanding accounting is an essential tool for leaders who need to efficiently and effectively make business decisions. Understanding the financial underpinnings of your business can help you determine what financial activities are, and are not, working at the business. This information will help you to make business decisions and execute changes to the business with the aim of improving operations and increasing profits. To help you understand the basics of accounting, you will learn about the purpose of financial statements and the main types of financial statements and the principles guiding the accounting profession and informing its ethics. Key accounting terminology that is required at an executive level of business and the difference between accrual and cost-based accounting will be outlined.
This online micro-credential provides a non-creditable micro-credential and digital badge which can be shared to your social networks and displayed in your professional portfolio.
Standard Micro-credential StructureDuration:
- Identify the purpose of financial statements and the main types of financial statements
- Outline the entities governing international and Australian accounting standards
- Describe different accounting methods which are used in business.
There are no specific entry requirements to enrol in this micro-credential, however, it is relevant to anyone who would like to complete studies in this field, in a flexible and self-paced environment.
Undertaking this micro-credential enables students to meet their Continuing Professional Development obligations and industry update requirements in their profession. Upon successful completion of the micro-credential, students will be awarded Continuing Professional Development (CPD) hours, a non-creditable micro-credential (Digital Badge) and a Certificate of Completion.