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This video on What Is Accounting in MBA? by Simplilearn explains the fundamentals of accounting for managers and its role in effective business decision-making. The tutorial covers key concepts such as financial statements, balance sheets, income statements, cash flow statements, budgeting, cost analysis, and financial performance evaluation. You will learn how managers use accounting information to plan, control operations, allocate resources, and make informed strategic decisions. By the end of this tutorial, you will have a clear understanding of accounting principles in MBA and how financial information supports successful business management.
Following are the topics covered in the What Is Accounting In MBA?
00:00:00 - Introduction to Accounting For Managers
00:02:45 - What is Accounting In MBA
00:03:45 - Why Every Manager Needs Accounting
00:04:30 - Accounting
00:05:10 - From Business Activities to Financial Information
00:05:50 - Three Financial Statements Every Manager should know
- Income Sheet
- Balance Sheet
- Cash Flow Sheet
00:07:02 - Cost vs Expense
00:08:09 - Budgeting
00:08:41 - Financial Information Supports Better Decisions
00:09:19 - Accounting in Every Business Function
00:09:55 - Key Takeaways
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➡️ About Online MBA by Amrita Vishwa Vidyapeetham
Amrita Online MBA degree program is offered by Amrita Vishwa Vidyapeetham, the 8th ranked university in India, and is backed by an industry-aligned curriculum and world-class faculty. Active participation from industry through certifications and projects are unique aspects of the Amrita Online MBA course. The program is also developed through a case study approach which develops the learner's problem-solving capability using various management principles and skills.
Amrita Online MBA Key Features
✅ 10 industry-aligned specializations like AI, Operations, ESG etc.
✅ 4 out of 10 specializations are offered with Grant Thornton.
✅ 100% flexibility with live weekend classes & recorded lectures.
✅ 1/4th the cost of an on-campus MBA. Zero-Cost EMI available.
✅ 33.94% average salary growth, backed by placement assistance.
✅ Global opportunities for final-year students to study in the USA, France, or Spain.
Program Curriculum
✅ Semester 1
✅ Semester 2
✅ Semester 3
✅ Semester 4
✅ Artificial Intelligence (Elective)
✅ Business Analytics (with Grant Thornton) (Elective)
✅ FinTech (with Grant Thornton) (Elective)
✅ ESG (with Grant Thornton) (Elective)
✅ General Management (Elective)
✅ International Finance & Accounting (Elective)
✅ Marketing (Elective)
✅ Finance (Elective)
✅ Operations Management (Elective)
✅ Human Resources (Elective)
Industry-Led Pedagogy
✅ Industry-Ready Training
✅ Discussion Forums
✅ Quizzes & Assignments
✅ Mentorship From Industry Leaders
✅ Online Practical Virtual Labs
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