About This Blog

Welcome to this free educational introductory Accounting & Finance mba blog which is solely dedicated to managers who wish to pursue accounting!

Accounting & Finance is a core discipline in management and an understanding of it is very crucial to all managers. There are increasing demands on management at ALL levels to be accountable for their financial results in their respective business unit. Without doubts, most of us will find that at the most senior level in organizations, knowledge of accounting and finance is critical to managers and Board members in fulfilling their duties.

The thrust of the content of this mba-accounting & finance blog is as follow:

(1) Understanding Accounting Reports

This section provides an introduction to the basic accounting systems and reports. To those who have no knowledge of accounting, it might initially pose a challenge but once accustomed, this will definitely provde a foundation for you to develop skills in reading and interpreting financial statements. The following topic are included:

  • Nature of accounting: users,benefits,limitation and quality of good financial statements;
  • Important basic accounting concepts,principles/convention/phrases commonly used;
  • Know the various reports comprising the financial statements commonly included in the annual reports of the company namely the Balance Sheet and Income Statement;
  • Understand the all-important Cash Flow Statements and
  • The analysis and Interpretation of Financial Statements

(2) Some Applications Used Within The Organization

  • Cost, Cost-Volume-Profit Relationships and Tactical Decision Making;
  • Activity-Based Costing and Management;
  • Planning, Budgeting and Control

(3) Making Financial Decisions

  • Capital Investment Decision Making;
  • Financing the Organization and
  • Valuation Of Securities and the Cost Of Capital

Incidentally, the author will occassionally draw upon resources from its existing accounting blogs namely www: fmaccounting.com(includes contemporary accounting and finance materials); www: basiccollegeaccounting.com(includes many learning accounting topics to make learning accounting simple(r)) and www: ieauditblog.com(includes corporate governance, types of fraud and how fraud occurs, both internal and external audits materials.)

It is hope that the objective of free educational mba-accounting & finance blog can be achieved when readers of this blog are:

  • able to discuss the principles used in preparing financial statements and the information the statements contain from a manager’s perspective;
  • able to analyse and interpret company’s financial statements;
  • use relevant costs in deciding upon alternative course of action;
  • prepare a budget for an organization;
  • use the time value of money technique and apply them in making capital investment decisions;
  • apply relevant concepts in deciding the appropriate financing strategy for the business you are in;
  • determing the value of basic debt and equity securities and
  • determine the cost of capital to an organization.

Happy Reading!