Harvard University · edX
Exercising Leadership: Foundational Principles
4.71,590 ratingsMobilize people to tackle tough problems and build the capacity to thrive through the dangers of change
Overview
Did you know that 82% of small business failures stem from poor financial record-keeping and cash flow management? This Short Course was created to help accounting professionals accomplish mastery of fundamental bookkeeping principles that form the backbone of accurate financial reporting.
By completing this course, you'll be able to confidently quote the accounting equation during team meetings, post journal entries with precision, and classify accounts correctly across financial statements - skills you can immediately apply in your role tomorrow.
By the end of this course, you will be able to:
Recognize the fundamental accounting equation and its components.
Apply double-entry principles to record transactions and verify financial balances.
Explain the classification of general ledger accounts within financial statements.
This course is unique because it bridges foundational theory with hands-on practice using real-world scenarios that mirror actual workplace challenges you'll encounter as an accounting professional.
To be successful in this course, you should have a background in basic business concepts and familiarity with financial terminology
Syllabus 3
- Module 1: FUNDAMENTAL ACCOUNTING EQUATION - FOUNDATION 40 minutes
Learners will understand and identify the three core components of the accounting equation (Assets = Liabilities + Equity) and recognize how this fundamental principle governs all financial transactions in business.
- Module 2: DOUBLE-ENTRY BOOKKEEPING APPLICATION 1 hour
Learners will master the systematic method of recording business transactions using double-entry principles, ensuring every transaction maintains accounting equation balance and creates accurate financial records.
- Module 3: FINANCIAL STATEMENT ACCOUNT CLASSIFICATION 1 hour
Learners will master the systematic organization of general ledger accounts into appropriate financial statement sections, enabling accurate statement preparation and clear communication of business financial position
Advantages and disadvantages
Advantages
- Structured courses with graded quizzes, assignments and deadlines you can reset.
- A shareable certificate from the university or company when you pay.
- Financial aid is often approved for students in India (apply 15 days before you need it).
- Self-paced: start any time.
- A clear syllabus (3 parts) you can see before you start.
Disadvantages
- Paid after a 7-day free trial (Coursera Plus or per course).
- Some courses can be audited for free, but graded work and certificates need payment.
Some points apply to every course of this kind; see how we rank.
This course is paid. Here is how to take it for free
- Free trials: You can start a 7-day free trial for many individual courses, Specializations, or a Coursera Plus subscription to test full course features. Cancel before the seventh day if you do not want to be charged.
- Financial aid: If you cannot afford the fee for a certificate, you can apply for financial aid through the link on the course home page by filling out an application about your background and goals.
Taught by
- Professionals in the Industry
Coursera is in Tier 4: commercial training companies and platform-made courses of our institution ranking (56/100). Made by the platform, often short guided projects.
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