Module: Accounting and Finance

Module: Accounting and Finance

icon
Why It Matters: Accounting and Finance

Why do Accounting & Finance matter?

icon
Show What You Know

Take this pre-test to see what you already know about the concepts in this section. The pre-test does not count toward your grade, but will help you plan where to focus your time and effort as you study. The pre-test is optional.

icon
Accounting in Business

Define accounting and explain its role as a form of business communication

icon

focus

Key Financial Statements

Identify four key financial statements, the components of each statement and their primary uses

icon

focus

The Break-Even Point

Calculate the break even point where profit will be equal to $0, using information from financial statements

icon

focus

Quantitative Analysis

Explain the importance of quantitative analysis in managerial decision-making and problem-solving using basic financial ratios

icon
Financial Ratios

Calculate basic financial ratios to measure the profitability and health of a business such as quick ratio and acid test ratio

icon
Ethical Practices in Accounting

Discuss the importance of ethical practices in accounting and the implications of unethical behaviors

icon
Putting It Together: Accounting and Finance

Accounting & Finance

icon
Quiz

You can take this quiz twice. Your highest score will count as your grade. Don’t wait until the last minute to take the quiz – take the quiz early so you’ll have plenty of time to study and improve your grade on your second attempt.