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.

Career Opportunities

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.

Course Learning Outcomes

1. Identify the purpose of financial statements and the main types of financial statements
2. Outline the entities governing international and Australian accounting standards
3. Describe different accounting methods which are used in business.

Assessment

Online Quiz

Award

Digital Badge via Credly

Students can also download a Certificate of Completion, share to social media or add to a professional portfolio.