Many people don't realize this, but 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 principles is essential for making critical business decisions.
This course covers basic financial accounting. You will learn how to record transactions using journal entries, how to post them to T accounts, how to prepare a trial balance and then use this trial balance to prepare the Balance Sheet, Income Statement, and the Cash Flow Statement. This course emphasizes the role of managerial judgment in choosing accounting estimates and methods and recognizes that there is often bias in how accounting choices are made.
Financial Accounting is one course that makes up the credential program HBX CORe. You will progress through this course in tandem with Economics for Managers and Business Analytics, completing weekly assignments and quizzes. The expected time commitment to complete the full, three-course program is approximately 150 hours spent on the HBX online platform.
This course will teach you the fundamentals of financial accounting from the ground up. You'll dig into basic concepts such as profit and revenue, assets and liabilities. Not only will you learn how to prepare financial statements, you'll learn how to read a balance sheet, how to dissect an income statement, and how to analyze a cash flow statement.
Topics covered include:
- Recording Transactions
- Financial Statements
- Analyzing Financial Statements
- Forecasting & Valuation
- V.G. Narayanan
- Thomas D. Casserly, Jr. Professor of Business Administration
Professor Narayanan spent many years thinking about what he would do if he had the opportunity to create an online course. Watching how his kids learned on the computer inspired him to rethink the possibilities; his Financial Accounting course is the result. Professor Narayanan has been teaching accounting at HBS for last 20 years and is currently the Head of the Accounting and Management Unit.
He has chaired the pre-MBA summer program at HBS and taught introductory accounting to incoming MBA students in the summer Analytics program for the past several years. He has also served as the course head for the first-year required accounting course for MBA students - Financial Reporting and Control. In addition, he chairs several executive education programs and serves on the boards of companies and non-profit organizations.Learn more about V.G. Narayanan
Financial Accounting is one course that makes up the credential program HBX CORe. View the CORe Overview page for additional details on how to apply.
Need More Information on HBX CORe?
If you’re thinking about how to prepare for your next step, HBX can arm you with the skills and confidence you need for success. Request more information and learn more about CORe, our program on business fundamentals, today.