Introduction to Accounting - Part 1: Basics of Financial Statements

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8/10 stars
based on  25 reviews
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Cost FREE
Start Date On demand
Introduction to Accounting - Part 1: Basics of Financial Statements

Course Details

Cost

FREE

Upcoming Schedule

  • On demand

Course Provider

edX online courses
Harvard University, the Massachusetts Institute of Technology, and the University of California, Berkeley, are just some of the schools that you have at your fingertips with edX. Through massive open online courses (MOOCs) from the world's best universities, you can develop your knowledge in literature, math, history, food and nutrition, and more. These online classes are taught by highly-regarded experts in the field. If you take a class on computer science through Harvard, you may be tau...
Harvard University, the Massachusetts Institute of Technology, and the University of California, Berkeley, are just some of the schools that you have at your fingertips with edX. Through massive open online courses (MOOCs) from the world's best universities, you can develop your knowledge in literature, math, history, food and nutrition, and more. These online classes are taught by highly-regarded experts in the field. If you take a class on computer science through Harvard, you may be taught by David J. Malan, a senior lecturer on computer science at Harvard University for the School of Engineering and Applied Sciences. But there's not just one professor - you have access to the entire teaching staff, allowing you to receive feedback on assignments straight from the experts. Pursue a Verified Certificate to document your achievements and use your coursework for job and school applications, promotions, and more. EdX also works with top universities to conduct research, allowing them to learn more about learning. Using their findings, edX is able to provide students with the best and most effective courses, constantly enhancing the student experience.

Provider Subject Specialization
Sciences & Technology
Business & Management
22376 reviews

Course Description

Everyone does accounting of some kind, such as browsing bank statements, preparing a budget for building a house, or counting the cost of a birthday party. Individuals who want to be accountants, managers or entrepreneurs should be able work with financial reports.

This accounting course will give you an overview of business organizations and describes the role accounting plays in managing them. You’ll learn about the effect of common business transactions on financial statements, how to apply the double-entry system for processing transactions and the principles of measuring performance and the related mechanics. At the end of this course, you will know how to prepare financial statements.

Reviews 8/10 stars
25 Reviews for Introduction to Accounting - Part 1: Basics of Financial Statements

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Rankings are based on a provider's overall CourseTalk score, which takes into account both average rating and number of ratings. Stars round to the nearest half.

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Student

2/10 starsDropped
3 years, 7 months ago
It's not that this course follows India's accounting rules, the content is so atrociously organized that the instructor himself messes up stuff from the income statement, balance sheet and the devil in four legs. Also, shame on EDX, whose courses' quality is going downhill lately. Do a favor to yourself and take Wharton's "Introduction To Financial Accounting", or even Tsinghua's "Financial Analysis".
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Venkatesh Kotikalapudi profile image
Venkatesh Kotikalapudi profile image

Venkatesh Kotikalapudi

10/10 starsTaking Now
1 year, 11 months ago
Looks like there was a test for this course. I attended all sessions in class but couldnt check the course online due to access issues for my IIMB EMail address which I configured on Aug 24th only with others help. I think I missed the test. Can I retake the test. Thanks Venkatesh K
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student

4/10 starsDropped
3 years, 2 months ago
I am sorry it put me off ,it is hard to understand the accent and explanation could help other but I had to withdraw..
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Randal Bostock profile image
Randal Bostock profile image

Randal Bostock

8/10 starsCompleted
3 years, 2 months ago
I really enjoyed the course and I am glad that I completed the course. I would recommend this course for anyone wanting to study an introduction to business accounting for whatever reason. I found the five-week format and pace of the course just right. Each weekly topic builds nicely on the previous topic. My main tip is to make the effort to the finish the graded assessments each week (before the start of the next topic). A second tip is that if you find something difficult to grasp, take a break and then repeat the tutorial. Note that week’s 3 to 5 need much more study time than week 1 and 2. A third tip would be to consider investing in the textbook written by the course presenter Professor R. Narayanaswamy. I live and work in the UK, and I find this textbook easier to read and understand; it has more pages of examples and explanations than introductory UK textbooks that I have seen on Amazon UK. I sincerely thank the all staff at... I really enjoyed the course and I am glad that I completed the course. I would recommend this course for anyone wanting to study an introduction to business accounting for whatever reason. I found the five-week format and pace of the course just right. Each weekly topic builds nicely on the previous topic. My main tip is to make the effort to the finish the graded assessments each week (before the start of the next topic). A second tip is that if you find something difficult to grasp, take a break and then repeat the tutorial. Note that week’s 3 to 5 need much more study time than week 1 and 2. A third tip would be to consider investing in the textbook written by the course presenter Professor R. Narayanaswamy. I live and work in the UK, and I find this textbook easier to read and understand; it has more pages of examples and explanations than introductory UK textbooks that I have seen on Amazon UK. I sincerely thank the all staff at IIM Bangalore for making this most valuable course possible.
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student

6/10 starsCompleted
3 years, 6 months ago
I enjoyed taking this course which challenged me with examinations and exercises. The course could get better by clearer content and more descriptive narrative. The price could be considered as well, since it is one of the most expensive compared to similar ones.
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Bharath kumat profile image
Bharath kumat profile image

Bharath kumat

7/10 starsDropped
3 years, 6 months ago
Course content is good and it introduces you to the world of accounting. Instructor sessions are very useful.Quizzes really test how well you understand the subject and they are tough for a person from non-finance back ground. Looking forward to the next session.
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Student 84 profile image
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Student 84

8/10 starsCompleted
3 years, 6 months ago
This is a good introductory course for someone of my experience level. I may have some "constructive" comments and suggestions if I get a little more Accounting "under my belt".
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Kholoud Mohamed Ali profile image
Kholoud Mohamed Ali profile image

Kholoud Mohamed Ali

8/10 starsCompleted
3 years, 6 months ago
i have experienced too much knowledge and interested in it a lot the way of questions graded need to be much flexible>> to give us at least one chance or last chance but for one fault may be less graded which decrease our score too much i mean why in correction the one fault by five grades >.that's so tough i think content is good but also some details where absent>> and this make some gap in course material>> about instructor he is Good and comfortable about provider is Good
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Student 56 profile image
Student 56 profile image

Student 56

8/10 starsCompleted
3 years, 6 months ago
This was a great course. I found that most elements were readily applicable to Canadian content. The information was very thorough and the number of self-assessment quizzes and the depth of the examination questions really helped me learn the material. It was challenging, but I thoroughly enjoyed it!
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Olusegun Bakare profile image
Olusegun Bakare profile image

Olusegun Bakare

8/10 starsCompleted
3 years, 6 months ago
The instructional materials kept me engaged, the course provided me with the enrichment required to comfortably discuss this subject. The Instructor kept it simple and understandable. On a general note, this has been value-adding and enriching.
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8/10 starsCompleted
  • 1 review
  • 1 completed
3 years, 6 months ago
Course is lucid and self explanatory with complete involvement of supporting staff. It is a very good introductory accounting course. However Edx should improve the platform and make course easily assesible on smartphones.further,when somebody completes the course,Edx should either send him/her an email or show in the students corner that the course is completed. I have taken all the graded assignments and passed but no such message has come.there was technical issue while doing payment also that was resolved later.besides these technical glitches,hats off to IIMB course staff for bringing such a smart course with high class grading system for accounting. Lookin forward to part II of this course.
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student

10/10 starsCompleted
3 years, 6 months ago
The course content is best we can find in the world. Professor Narayanswamy has explained the concepts extremely well and I thank him for sharing his knowledge with us. This is a very valuable knowledge we got from this course and thank IIMB for being very generous.
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Jan Nixon profile image
Jan Nixon profile image

Jan Nixon

10/10 starsCompleted
3 years, 6 months ago
I enjoyed learning the basic. I didn't understand why the grey areas after the completion of wk 3-4 lectures and exams.
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student

8/10 starsCompleted
3 years, 6 months ago
fast way to learn basics and recomended for people who want to get an overview of accounting...........................................................
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Nivedita Raju profile image
Nivedita Raju profile image

Nivedita Raju

7/10 starsCompleted
3 years, 6 months ago
A good introduction to the subject but one needs a lot more practice to be thorough with the subject. Google hangouts once in a way for clarification of doubts can be considered.
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Antonio Decano profile image
Antonio Decano profile image

Antonio Decano

6/10 starsCompleted
3 years, 6 months ago
Very engaging. Its hard to pass the score in exam questions : one submission means good or fail at first time. The study materia is not completly usefull. I reached a 71% Total score. Thanks
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siddarth sen profile image
siddarth sen profile image
10/10 starsCompleted
  • 2 reviews
  • 1 completed
3 years, 6 months ago
content is spectacular. very rigourous. builds confidence to attack deeper accounting texts. very clearly spoken. Graded questions are sometimes ambiguous. but that is probably the fault of the english language.
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student

6/10 starsCompleted
3 years, 6 months ago
It would have been difficult to follow through this course, if I hadn't taken another introductory course in Accounting previously. There are better Accounting MOOCs offered than this one.
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Sandeep Gangwani profile image
Sandeep Gangwani profile image

Sandeep Gangwani

10/10 starsTaking Now
3 years, 7 months ago
Content is excellent. Explained in very crisp and precise manner. Question/Answers in every module really help in understanding the course.
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Praseetha Pushpangadan profile image
Praseetha Pushpangadan profile image

Praseetha Pushpangadan

10/10 starsTaking Now
3 years, 7 months ago
A very good instrument to grasp the fundamental concepts and an overview about accounting to start with. Described in simple format with adequate examples. The sample tests give very good platform to recheck the understanding.Very useful for people getting to know about accounting and also professionals aiming for management level career growth.
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sridhar babu profile image
sridhar babu profile image

sridhar babu

6/10 starsTaking Now
3 years, 7 months ago
The course is very effective in understanding the concept and trying to check the knowledge gained through attending the test. Overall objective of the subject can be understood by attending this course.
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Vaidyaraju Nagaraj profile image
Vaidyaraju Nagaraj profile image

Vaidyaraju Nagaraj

10/10 starsCompleted
3 years, 7 months ago
Excellent course content delivered in a very lucid manner. Keeps the attention of the student viewer fully engrossed in the subject as the concepts are presented in a very simple and easy to understand manner. After the professors video there are students who demonstrate how to resolve the problems with examples that makes it all the more interesting and very quick to understand and grasp the subject topics very well. Excellent course for all those who want to learn the basics of accounting. Worth every penny spent on the same
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Vijayalakshmi L profile image
Vijayalakshmi L profile image

Vijayalakshmi L

8/10 starsTaking Now
3 years, 7 months ago
The insturctor has made learning very simple.All aspects of the course is very intresting, in simple language and helps gain greater understanding.I am very happy to ve a part of the learning. Thanks to the Instructor and the Providers.
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student

4/10 starsDropped
3 years, 7 months ago
This is based on what must be country specific information. I have been in business 15 years and found the information either location based to the course provider or it's just their way of thinking. We do things different and I'd say the fundamentals are misleading if your from Australia to say the least. You are also expected to buy their book as they don't provide much info in the course ware.
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Anupam sharma profile image
Anupam sharma profile image

Anupam sharma

8/10 starsTaking Now
3 years, 7 months ago
A very usefull and compact course from a prestigious institute and a renounced instructor.I am excited....
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