Finance and economics

Fundamentals of Accounting

The Fundamentals of Accounting online course provides an introduction to essential concepts in financial and management accounting. Throughout the course, you’ll gain the foundational knowledge needed by professionals and management for understanding financial principles. The course includes 19 video lectures, each lasting around ten minutes, along with exercises to help students assess their understanding of each key topic.

Price

200€

Workload

Up to 12 Hours

Type

Self-paced online

Languages

English

Faculty
  • Avatar of Teemu Malmi
    Teemu Malmi

    Teemu Malmi is a Professor of Accounting and Head of the Department of Accounting at Aalto University School of Business. Also, he has previously been the Chairman of the Board at Aalto University Executive Education Ltd. and Sannäs Manor Ltd.

    Professor Malmi specializes in management systems, strategy implementation, and cost and profitability accounting. He teaches frequently in a variety of Executive Programs and has served as an advisor to a large number of companies from various different industries: IT, electronics, energy, finance, food, health care, media, metal and engineering, paper and pulp, pharmaceuticals, rental services, retail, telecom and transportation/logistics and the public sector.

    Teemu Malmi holds a Ph.D. in Accounting and Finance from The Helsinki School of Economics, which was merged into Aalto University in 2010.

For Whom?

New Learners
This course is aimed at managers accountable for financial results and experts willing to learn the fundamentals of accounting and the skills required to interpret financial indicators.

Learners in Need of Revision
The course is suitable for those who need to revisit or acquaint themselves with the basic concepts of accounting and the contexts in which they are typically used. It also provides excellent preparatory training for students before enrolling in any of the training programs offered by Aalto EE.

Contents and Schedule

Accounting can be regarded as the language of business. Those who wish to operate successfully in a management position in any organization must understand and be able to speak this language. The Fundamentals of Accounting online course will cover the main areas of accounting and its key concepts. The course provides a basic understanding of accounting concepts, methods, and uses.

The course will cover, e.g.:

  • What you can read from the profit and loss statement, balance sheet, and cash flow statement
  • How can you analyze the financial performance of an organization by using key performance indicators
  • How you can assess the profitability of products, services, and customers
  • How you can evaluate the performance of different kinds of organizations
  • How to conduct financial planning
  • How accounting can support various decision-making situations

The estimated study time of the course is 12 hours. The course allows flexible study patterns; you can decide on your schedule and the speed of your progress. The recommended study schedule is 2-3 hours per week for 3-4 weeks.