Online Accounting Essentials
Students who are currently enrolled in the Kellogg School have expressed the need for review of key accounting concepts prior to the start of classes. To meet that need, the school now offers a Web-based accounting course, designed by Professor Robert Magee, free to all incoming students.
Online Accounting Essentials covers key accounting concepts and serves as an introduction for those students who have little or no prior training in accounting. It introduces three major financial reports (balance sheet, income statement and statement of cash flows), shows the interrelationships among them, and gives you an opportunity to become familiar with key accounting terminology. A learn-by-doing exercise lets you track the financial progress of a start-up company, produce financial statements and get feedback along the way.
Online Accounting Essentials demonstrates two methods for constructing financial reports – the Accounting Equation method and the T Account method. For those who are new to accounting, it may be better to focus initially on the Accounting Equation method, by "clicking through" the T Account material on the first time through the course. Once you have an understanding of the basics, then go back and work through the T Account method.
Incoming students can work through Online Accounting Essentials at their own pace and convenience. In addition, students can easily go back to Online Accounting Essentials during their enrollment at Kellogg. Estimated time to complete the primary instructional path is four to six hours.
Microsoft Internet Explorer 5 or higher is highly recommended for viewing Online Accounting Essentials. To begin Online Accounting Essentials, click on the link at the bottom of this page, and input your Kellogg NetID.
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