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Project Integration Mngt
Home PDU for the PMP® / Technical

Why is Financial Accounting Important?

USD 10.00
instructor
Instructor
Alan Fata
Category
Technical
Difficulty
Easy
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Course Highlight Curriculum Course Content Take The Test
Learning Objectives:

After completing this course, you should be able to:
  1. Define "financial accounting".
  2. Understand the connection between financial accounting and the communication of information.
  3. Explain the importance of learning to understand financial accounting.
  4. List decisions that an individual might make about an organization.
  5. Differentiate between financial accounting and managerial accounting.
  6. Provide reasons for individuals to be interested in the financial accounting information supplied by their employers.
  7. Define "incorporation".
  8. Explain the popularity of investing in the capital stock of a corporation.
  9. Discuss the necessity and purpose of a board of directors.
  10. List the potential benefits gained from acquiring capital stock.
  11. List the predictions that investors and potential investors want to make.
  12. List the predictions that creditors and potential creditors want to make.
  13. Distinguish financial accounting information from other types of data about a business organization.
  14. Explain how financial accounting information is enhanced and clarified by verbal explanations.

Other course details:
  1. This is an introductory course that does not require any prerequisite.
  2. This course can be taken on a standalone basis.
  3. This course is chapter 1 in the book titled "Financial Accounting".
  4. It provides 2 PDU (Technical skill) towards your PMP professional development education.
Course Features
Credits:
2 PDU
Skill section:
Technical
Access:
Lifetime
Test questions:
15
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