• Length:
    12 Weeks
  • Effort:
    10–14 hours per week
  • Price:

    FREE
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  • Institution
  • Subject:
  • Level:
    Advanced
  • Language:
    English
  • Video Transcript:
    English
  • Course Type:
    Instructor-led on a course schedule

Associated Programs:

Prerequisites

  • Probability and Statistics (undergraduate)
  • Calculus (undergraduate)
  • Linear algebra (undergraduate)

About this course

Skip About this course

Accounting is the language of business. It is difficult to understand business without knowing some accounting. Knowing accounting will help learners better understand and contribute to their own companies and better understand business around them. The course also helps students use the financial statements to gather inputs to valuation models and for corporate finance decisions.

Finance Accounting is part of the MicroMasters® Program in Finance. It provides a rigorous introduction to the principles of financial accounting. We will focus on the preparation and analysis of financial statements, and on why financial statements take the form they do. We will cover the basic structure of financial reports and the process of recording transactions. We will also learn how investors, creditors, and other users analyze financial statements to assess corporate performance. The course will focus on using the financial statements to gather inputs to valuation models and for corporate finance decisions.

This course offers general managers, financial analysts, financial advisors, quantitative researchers, asset managers, risk managers, quantitative developers working in financial services, professionals servicing the financial industry the tools to succeed. Undergraduate and graduate students looking to enter business in general or finance in particular would also benefit greatly from this valuable course.

The course is excellent preparation for anyone planning to take the CFA exams.

What you'll learn

Skip What you'll learn
  • Understand accounting terms
  • Understand how financial statements are constructed
  • Ability to read financial statements
  • Gather inputs to valuation models and for corporate finance decisions

The course will be organized as four modules:

Module 1: Introduction, Accrual accounting, Balance Sheet/Income Statement, Allowance Accounting, and Revenue Recognition

Module 2: Inventory/COGS, Depreciation/Property, Plant, and Equipment, Statement of Cash Flows, Introduction to financial statement analysis

Module 3: Marketable Securities, Accounting for Banks, Intangible Assets, and Acquisitions

Module 4: Income Taxes, Long-Term Debt, Leases, Shareholders’ Equity, Ethics, and Conclusion

We will use base the course on courses we and our MIT colleagues have taught in previous years to MIT graduate students.

Meet your instructors

John Core
Nanyang Technological University Professor and a Professor of Accounting, Sloan School of Management
Massachusetts Institute of Technology
Egor Matveyev
Senior Lecturer and Research Scientist in Finance, Sloan School of Management
Massachusetts Institute of Technology

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Who can take this course?

Unfortunately, learners from one or more of the following countries or regions will not be able to register for this course: Iran, Cuba and the Crimea region of Ukraine. While edX has sought licenses from the U.S. Office of Foreign Assets Control (OFAC) to offer our courses to learners in these countries and regions, the licenses we have received are not broad enough to allow us to offer this course in all locations. EdX truly regrets that U.S. sanctions prevent us from offering all of our courses to everyone, no matter where they live.