Aalto University Executive Education - Fundamentals of Accounting

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For how long can I access this course?

You need to pay for the course only once in order to get full access. We guarantee you will have access to all course content for at least 1 year from purchase date, in most cases you will have access indefinitely.

From what devices I can access course materials?

You can access course materials from a Laptop, iPhone, iPad, Android, Windows Phone and virtually any device with modern Internet browser. Live tutoring is limited to PC, Mac and Linux only at the moment.

Can I get my money back?

If you purchased the course and for some reasons are not satisfied with it, please contact us at support@eliademy.com and we will resolve the problem.

How sales tax is calculated?

Price is a subject for European Value Added Tax (VAT). If you live outside of EU, you won't have to pay VAT. If you do live in EU, we will automatically calculate correct amount of VAT based on your billing country.


Jukka Nordlund

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Patric Bruun
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Fundamentals of Accounting - an online course by Aalto University Executive Education (Aalto EE) - is a cost-effective and flexible study module on basic financial and management accounting. What does the profit and loss statement on the balance sheet tell us? What are the key financial indicators? How can I assess the profitability of investments? And what are the key principles of budgeting? How can I use accounting in support of the strategic business management?

By enrolling, you will learn everything that experts and management need to know about financial matters.


About the instructor

Course is taught by Teemu Malmi - Professor at the Aalto University School of Business and head of Department of Accounting in Aalto University.

Professor Malmi has served as an adviser to a large number of companies from different industries. He is a chairman of the board at Aalto University Executive Education Ltd and Sannäs Manor Ltd. He teaches regularly in a number of executive programs.


Learning objectives and outcome

The Fundamentals of Accounting course will provide participants with comprehensive basic skills in the areas of financial and management accounting. 

Benefits for the Participant

  • The course will improve your financial skills and assist you in your work. You will gain confidence in your ability to understand financial concepts.
  • You will obtain comprehensive basic skills, while learning how to master key accounting terminologies and interpret relevant economic indicators.
  • This course allows for flexible study patterns. You will be able to decide on your schedule and the speed at which you progress.

Benefits for the Organization:

  • The course provides a cost-effective and flexible way of improving the accounting skills of managers and experts.
  • It is also a means of providing selected teams, groups or departments with a uniform skill level


    Target audience

    This course is aimed at managers accountable for financial results and experts willing to learn the fundamentals of accounting and the skills required in interpreting financial indicators. As well as to learners who need to revisit or acquaint themselves with the basic concepts of accounting and the contexts in which they are typically used.


    Assessment criteria

    Each module contains exercise on topic totaling 18 tasks. Exercises are to be done individually and are intended to help you to evaluate your mastery of each theme area


    Course duration

    The course comprises 18 video lectures - total of over three hours valuable information to help you improve your skills.

    If you want to print the course material for yourself, the slides can be found as pfd-files attached to Module 1 (slides for Module 1), Module 2 (slides for the Modules 2-9) and Module 10 (Slides for the Modules 10-18).


    The course syllabus

    Course contains 18 modules which covers:

    • Using accounting data and the principles of accounting
    • Forming an overall picture of financial performance
    • Key financial indicators and their interpretation
    • Cost accounting and allocation of costs
    • Implementation of strategy by means of goal-oriented management
    • Budgeting as a means of financial and business management
    • Calculations in support of strategic decision-making



    Aalto University Executive Education Ltd provides executive education, professional development services and training with three strong brands. It is our mission to build a better world through better leadership. The organization's strengths lie in its global operating model and versatile offering. Aalto University brings to Aalto EE a multidisciplinary approach to executive development along with innovative learning methods. Aalto EE offers education programs in Finland, Singapore, China, Indonesia, Iran, Poland, Russia, South Korea, Sweden, Taiwan, Vietnam and the Baltic countries. As a part of Aalto University we hold the 'Triple Crown' of accreditations, the three most respected business university accreditations, granted to only 0.5% of world's business schools: AACSB, AMBA and EQUIS.

    Aalto EE is accredited by:

    Course content

    • Module 1 - Definition of accounting

    • Module 2 - Financial accounting

    • Module 3 - Bookkeeping

    • Module 4 - Balance sheet

    • Module 5 - Income statement

    • Module 6 Cash flow statement

    • Module 7 Financial statement analysis, part I: profitability

    • Module 8 Financial statement analysis, part II: capital structure and liquidity

    • Module 9 Financial statement analysis, part III: efficiency & ratios for investors

    • Module 10 a Cost accounting tasks

    • Module 10 b Cost accounting concepts

    • Module 11 Product and service costing

    • Module 12 Accounting for strategic management

    • Module 13 Management of an investment center organization

    • Module 14 Budgeting

    • Module 15 Budgetary system

    • Module 16 Ad hoc calculations and cost-volume-profit analysis

    • Module 17 Pricing

    • Module 18 Capital budgeting - Estimating the profitability of investments

    Interested? Enroll to this course right now.

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