Introduction to Financial and Managerial Accounting
MIT Sloan's introduction to accounting looks at financial and managerial reports from the reader's side of the desk rather than the preparer's. The course works through balance sheets, income statements, and cash flow statements, then moves into managerial topics like cost behavior, budgeting, and performance measurement, showing how the same numbers get used differently depending on who is asking. Materials include full lecture notes, problem sets with solutions, and past exams with answer keys, all published through MIT OpenCourseWare and free to use under a Creative Commons license. There is no instructor interaction, grading, or certificate, since this is self-paced archival courseware rather than a live class. The emphasis throughout stays practical: reading a 10-K, spotting where accrual choices change reported earnings, and understanding what a manager can and cannot learn from a variance report. Anyone wanting a grounding in how financial statements are built and used, without training to become an accountant, gets the core of an MIT Sloan course here.