About this course
This course from IIT Madras lays out the core ideas of accounting and finance without any fluff. You’ll start by understanding the fundamental difference between financial accounting (for external reporting) and cost accounting (for internal decisions). Then, you’ll get comfortable reading and interpreting a balance sheet and income statement, seeing exactly how everyday business transactions affect those statements.
The second half shifts to corporate finance: where companies get money, how they choose investments, and why a dollar today is worth more than a dollar tomorrow — that’s the time value of money concept. Finally, you’ll dive into cost accounting methods, including how to assign costs to specific products or services using techniques like activity-based costing.
This is perfect for students, small business owners, or anyone who wants to make sense of financial statements and make smarter money decisions. By the end, you’ll be able to analyze a company’s financial health and understand the cost behind every product.
