Parker School of Business

Introduction to Financial & Managerial Accounting

MIT 15.501/15.516 · Foundation Level

The complete foundation: from your first journal entry to full financial statements and managerial cost analysis. No prior accounting knowledge required.

8 Modules

Self-Paced

Certificate

Graduate Level

What You'll Learn

  • Understand the purpose and framework of financial accounting
  • Record transactions using double-entry bookkeeping
  • Prepare and interpret the balance sheet, income statement, and cash flow statement
  • Apply revenue recognition and matching principles
  • Perform cost-volume-profit analysis for managerial decisions
  • Build and analyze budgets with variance analysis
🎓

Academic Attribution

Adapted from MIT OCW 15.501/15.516 Introduction to Financial and Managerial Accounting. MIT Sloan School of Management.

CC BY-NC-SA 4.0

Have a question?

I'm Robert, your RPA assistant. Ask me about loan programs, applications, or partner onboarding.