Accounting for Decision-Making
In order for a manager to effectively perform their role they must have an understanding of accounting information, as accounting systems generate information that is used by both internal and external stakeholders
Having a good understanding of accounting allows managers to communicate with the finance department, bankers, suppliers and even tax authorities.
In this finance course, you will learn how to read and understand financial statements. You will learn all relevant and important terms as they relate to the three financial statements - balance sheet, income statement and cash flow statement. Subsequently, you will develop the capability to analyze business performance through financial statements. You will see how the performance of any organization is impacted by four fundamental drivers of profitability - asset management, cost management, leverage management and tax management.
In the second part of the course, you will learn how to manage costs. We will cover product costing, budgeting , budgetary control and cost analysis for decision making.
Successfully completing this course will transform you into a manager who is confident while discussing and handling accounting and financial matters in the workplace, and help you as you move forward in your managerial career and take on senior roles.
What you'll learn
- Read and understand financial statements
- Financial statement analysis
- How to use accounting information to plan and control your business and make decisions
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| Rating | 4.5★ based on 2 ratings |
|---|---|
| Length | 7 weeks |
| Effort | 7 weeks, 3–5 hours per week |
| Starts | On Demand (Start anytime) |
| Cost | $150 |
| From | Indian Institute of Management, Bangalore, IIMBx, Indian Institute of Management Bangalore via edX |
| Instructor | MS Narasimhan |
| Download Videos | On all desktop and mobile devices |
| Language | English |
| Subjects | Business |
| Tags | Business & Management Economics & Finance |
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What people are saying
non-accounting based students or
I feel the subject should be flexible for Non-Accounting based students or for first time accounting.
decision making including budgeting
The course has added lot of knowledge that I can use in my professional and personal decision making including budgeting and investment decisions...
give an additional 2-3
Edx has been very stringent and they are not willing to give an additional 2-3 hours to help me completed, irrespective of you being a Paid / Free Student.
go hunting around for
Prof. Narasimham was great in explanation of he concepts of the subject, however when it went into the Excel data upload and working i could not follow the stream because i used to go hunting around for the data and by the time i had found it, the discussion moved ahead, towards the end, i started loosing track and could not complete the Chapter / Weekly grades.
chapter / weekly grades
paid / free student
discussion moved ahead
started loosing track
excel data upload
first time accounting
2-3 hours
prof. narasimham
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| Rating | 4.5★ based on 2 ratings |
|---|---|
| Length | 7 weeks |
| Effort | 7 weeks, 3–5 hours per week |
| Starts | On Demand (Start anytime) |
| Cost | $150 |
| From | Indian Institute of Management, Bangalore, IIMBx, Indian Institute of Management Bangalore via edX |
| Instructor | MS Narasimhan |
| Download Videos | On all desktop and mobile devices |
| Language | English |
| Subjects | Business |
| Tags | Business & Management Economics & Finance |
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