Skip to 0 minutes and 13 seconds Many experts say that accounting is the connection between present and the past. The way we know accounting today was invented by Fra Luca Pacioli a Franciscan mathematician in late 15th century not far away from here, in Venice. Since then nothing much has changed in terms of how companies record the transactions. At least in the technical side of. Venetian merchants developed accounting to keep track of their purchases and sales the debits and credits with customers and suppliers. Accounting sparked not too far away from here.
Skip to 0 minutes and 48 seconds And nowadays high tech firms, banks, large conglomerates that shape our daily lives, still rely upon the accounting information to showcase what they do and how they perform to many parties that use this information to make important decisions. I am Anna Alexander and I am Amedeo Pugliese and in this course we will lay down the foundations of accounting the language of business financial statements our company’s business card when dealing with all their stakeholders and their interested parties. Financial statements cannot say everything. That’s that’s better you know them and get familiar with them The more you understand the nuances of the business world. Why some firms have a lot of cash but low profitability.
Skip to 1 minute and 35 seconds How can we tell whether firms are profitable or not. Can we predict whether companies would face distress or bankruptcy. How much should a manager earn and why do some firms pay dividends. With our help you will be able to answer all of these questions. The complex financial world will no longer be so intimidating. If you’re considering a career as a consultant auditor or you will launch your own business, then you will need financial accounting schemes and your journey starts here.