A business plan makes no sense without some basic understanding of accounting and finance. How can one read a pro forma finance statement without knowing the essence of the accounting equation, the assumptions of the accounting process, and the ideas behind capital investment? How can a manager with responsibility for costs, profits, or even investment do a good job without a basic understanding of cost accounting? How can an employee be held accountable for various financial results without an understanding of the math of finance and accounting?

The connections between accounting and finance have existed for hundreds of years. In online MBA course we learned all these things. It takes a journey through the balance sheet, weaving its way through assets, liabilities, and equity. The next stops include the discovery of other financial statements and the analytical procedures, such as ratio analysis, that can bring out the important messages conveyed by the financial statements.
Eventually this course transitions into the field of management of accounting.

Another important objective of Distance learning MBA is that it helps to inform users about the economic resources of and claims against enterprises. Strength and weaknesses of companies are disclosed through financial accounting. Concepts like liquidity and solvency come to light when financial information is prepared properly.
Performance as measured by earning can shed light on management’s stewardship of resources: in fact, financial accounting can help us to see how efficient and profitable management can be when managing the resources of the firm.