Title: Module Introduction: (CU5 M1) Introduction to Accounting
Course: SkillsCom BA 101 16.0 > Section: Credit Unit 5 Module 1

Let's get right into it: this first Credit Unit is all about accounting. Sometimes looks can be deceiving, but the numbers don't lie (if they're prepared properly). No matter how successful a company appears to be doing, you can't really know until you have a look under the hood. In the business world, this means looking at the numbers. Accounting is the methodology of keeping the numbers organized and presenting them in a way that is useful and understandable. At first, sifting through financial documents may seem overwhelming and incomprehensible, but actually it's more like another language. Once you know the language it all makes sense. This one Module won't make you fluent in accounting, but it will help you get by.

Take a look at the Module introduction video for a better sense of what we'll be covering.

Module Outcomes:

- Define commonly used business and economics terminology.
- Describe the functional areas of any business organization.
- Explain revenues, expenses, and how profit is derived.
- Differentiate between objectives, strategies, tactics, and operations.
- Describe the components of a business plan.
- Prepare a basic business plan.
- Explain the importance of ethics in business.