Accounting is the systematic recording of the financial transactions of a business. While many business owners rely on accountants to work on the books, they should understand the financial records of their companies. Since a good number of these business owners may not have any accounting background, they must take short courses in accounting.
The following are some of the best short courses in an account that students and business owners can take!
Accounting Short Courses
1. The Essentials of Finance and Accounting for Non-Financial Managers
Cox School of Business, Southern Methodist University
The Essentials of Finance and Accounting for Non-Financial Managers is designed to provide students with basic knowledge about accounting, including the concepts and terminologies used in the industry. Managers without any accounting background are advised to take the course. It is also designed for individuals who want to increase their knowledge of accounting.
The main topics of this accounting short course include the basic concepts of accounting and finance. It also introduces students to financial statements. The course also allows students to use accounting and financial information to assess the performance of a company. Students will also learn to use the same information to make manager-level decisions.
This is a three-day on-campus course offered by the Cox School of Business of Southern Methodist University.
2. Introduction to Financial Accounting by University of Pennsylvania
University of Pennsylvania
Introduction to Financial Accounting is a short course in accounting offered by the University of Pennsylvania through Coursera. This online course provides students with the technical skills they can use in analyzing financial statements and disclosures. It consists of four sets of videos where they are introduced to different accounting and financial concepts.
The first week of the course introduces students to the balance sheet. It consists of nine videos, seven readings, and two quizzes. The second week gives students an idea about accrual accounting and the income statement. This set has eight videos, six readings, and one quiz for students to complete. The third week introduces students to cash flows. It is made up of seven videos, four readings, and one quiz. The fourth week covers ratio analysis and the final exam of the students. It consists of five videos, three readings, and two quizzes.
This is a four-week online course offered by the University of Pennsylvania through Coursera.
3. Financial Accounting Fundamentals
Harvard Business School
The Financial Accounting Fundamentals course is an online course offered by the Harvard Business School. The course is designed for professionals aiming to increase their understanding of financial statements. Students have around 60 hours to complete the course. While they work at their own pace, students should meet regular meetings throughout the whole course.
Students will learn about the development of balance sheets, income statements, and cash flow statements. They will also understand the relationship between these financial documents. The students will also learn to assess the financial health of a company through these financial statements. They will also learn to evaluate and prepare financial forecasts that will be used for strategic decision-making.
This is an eight-week online course offered by the Harvard Business School.
4. Accounting and Finance for Non-Financial Managers
University of Tulsa-College of Business Administration
The Accounting and Finance for Non-Financial Managers is a two-day course designed to provide non-finance managers with a better understanding of accounting principles. It also provides them with hands-on experience to help them understand the basics of accounting and finance. The course features a simulation where students go through the process of managing a successful company.
The students will learn about financial statements and basic accounting principles. It also compares net income with cash flow. They will also learn to analyze cash flow by using ratios and other financial tools. The course also teaches students about the importance of cash management as an important tool for planning.
This is a two-day on-campus short course in accounting offered by the University of Tulsa-College of Business Administration.
5. Finance & Accounting for Non-Financial Executives
University of Washington-Foster School of Business
The Finance & Accounting for Non-Financial Executives is a course designed for business owners, top executives, and managers with no finance backgrounds. It gives them the chance to understand the accounting side of the business. They are introduced to basic financial management techniques to facilitate decision-making. It also gives students the chance to understand the effect of accounting data flows on the final reported results. The course uses accounting and financial terms so students will gain confidence in discussing concerns within the financial community.
The course discusses alternative ways of assessing the financial and operational performance of a company. It also exposes students to investment analysis and the effect of taxes, inflation, and costs on any investment decision. The students will also learn to use accounting information in making decisions.
This is a three-day on-campus course offered by the University of Washington-Foster School of Business.
6. QuickBooks Specialist Certification
Universal Accounting Center
The QuickBooks Specialist Certification is an online course designed for individuals using the QuickBooks accounting software for their business. It focuses on ensuring tasks are performed efficiently. The course teaches students to use the software, which is used by 80 percent of small businesses. It also enhances the skill level of accountants and allows them to market themselves better.
The course highlights practical methods in completing a task. It also offers shortcuts and tips in using QuickBooks. The course also provides real-world training for anyone who wants to learn about the software. Moreover, the course also provides students with access to experienced accounting professionals who can provide answers to any questions they may have while taking the course.
This is a self-paced online short accounting course offered by the Universal Accounting Center.
7. Finance and Accounting for the Nonfinancial Executive
Columbia Business School-Executive Education
The Finance and Accounting for the Nonfinancial Executive is a course designed for mid to senior-level executives who want to increase their knowledge in accounting and financial processes. It aims to enhance the decision-making process of these executives to ensure it is beneficial for the business.
The course provides students with the key concepts of managerial and financial accounting. It also discusses the role of accounting in a business. The students will also learn the different terminologies used in accounting. They can also apply the different finance and accounting concepts in managing shareholder value. The students will also receive faculty coaching when they start working on the corporate financial analysis section of the course.
This is a five-day on-campus course offered by the Columbia Business School.
Accounting plays a critical role in the profitability of a business. It can provide the necessary information to facilitate decision-making at the corporate level. Since many executives have no accounting background, these short courses in accounting will provide them with the necessary knowledge and skill they need in ensuring the business remain profitable.
I hope that this article on short courses in accounting was helpful. Make sure to check out the Available Business Programs for International Students!