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This course teaches basics of financial accounting. It covers Preparation of balance sheet, income statement and flow of funds statement which are very beginning steps of accounting. Throughout this course inventory valuation and depreciation methods will also be discussed. Students will have a broad understanding about Definition of costs. Absorption cost techniques, with an emphasis on allocation of overhead in manufacturing organizations.


This course does not involve any written exams. Students need to answer 5 assignment questions to complete the course, the answers will be in the form of written work in pdf or word. Students can write the answers in their own time. Each answer needs to be 200 words (1 Page). Once the answers are submitted, the tutor will check and assess the work.


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Course Credit: Middle East Technical University

Course Curriculum

Module: 1
Introduction to Accounting 00:25:00
Measuring Business Transactions 00:30:00
Measurement of Business Income 00:30:00
Accounting for Merchandising Operations 00:30:00
Accounting for Inventories and Long Term Assets 00:30:00
Module: 2
Financial Statement Analysis 00:25:00
Types of costs; Cost estimation 00:30:00
Job costing 00:30:00
Process costing 00:30:00
Spoilage, Rework, and Scrap 00:25:00
Activity Based Costing 00:20:00
Submit Your Assignment 00:00:00
Certification 00:00:00

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