Accounting and the Business Environment

These credentials document competencies including financial statement preparation, project budgeting, and financial forecasting and analysis. Financial professionals are required to understand the impact of financial decisions on the firm’s business and financial prospects and use their skills to perform analysis of past, current, and projected funding and investment alternatives to inform the company’s managerial decision-making process and provide regular financial reports to investors and regulators. Specifically, this badge demonstrates the earner's ability to explain why accounting is critical for businesses, including the users of accounting information, the organizations and rules that govern accounting, the accounting equations used, and how to use financial statements and ROA (return on assets).