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Financial Accounting and Analysis

Are you one of those professionals who is curious and wants to learn about financial statements, but is intimidated by financial numbers and jargon? Then this course is for you!

In this course, we will demystify accounting jargon, help you understand financial statements and analyse them for better decisions. Whatever be your background – marketing, operations, supply chain, strategy, engineering or others, in today’s competitive world, you need to use and interpret crucial financial data for making informed decisions.

This course will enable you to:

Understand the various elements of financial statements
Apply accounting principles related to its preparation
Use tools and techniques to analyse and interpret the key parameters of financial performance

The course has direct application and high relevance in every professional’s life. Concepts learnt in the course can be applied in day to day management for improving operations and creating value for the organization. You will also be able to assess financial implications of your decisions.

The course will be covered in an easy, simple and interactive manner through various hands-on activities, short cases and easy-to-understand examples.

No previous finance knowledge is needed. Come armed with enthusiasm and curiosity to learn.

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What's inside

Learning objectives

Basic financial concepts
Financial statements and their elements
Various accounting standards with respect to the elements in the financial statements

Techniques to analyse the financial statements
Interpretation of financial statements for better decision-making

Basic financial concepts
Financial statements and their elements
Various accounting standards with respect to the elements in the financial statements
Techniques to analyse the financial statements
Interpretation of financial statements for better decision-making

Syllabus

Meet various users of financial information.

Discuss the accounting information system.

Learn fundamental accounting concepts.

Understand basic financial statements. Prepare financial statements using the accounting equation.

Assets

Liabilities

Equity

Learn the Concepts and various elements of the income statement. Appreciate the challenges faced in the preparation of the income statement.

Understand the structure, elements and importance of the cash flow statement.

Develop a basic understanding of statement of equity.

Apply tools and techniques to analyse the financial statements to understand the performance.

Use tools to understand the operational, financial and investment efficiency.

Week 1: Introduction to Financial AccountingYou will begin your study of Financial accounting and analysis by looking at the overall structure of accounting information and the structure of reporting. In this week, you will:

Week 2: A Closer Look at the Balance SheetIn this week, you will learn to define and cite examples of various elements in the balance sheet related to:

Week 3: A Closer Look at the Income Statement, Cash Flow Statement and Statement of Changes in EquityIn this week, you will:

_ _Weeks 4 & 5: Financial Statement Analysis__In these two weeks, you will:

Good to know

Know what's good

, what to watch for

, and possible dealbreakers

Demystifies financial concepts and accounting jargon

Suitable for professionals with diverse roles, such as marketing, operations, and engineering, to enhance their financial literacy

Provides tools and techniques for financial analysis and decision-making

Covers key elements of financial statements, accounting principles, and financial analysis

Offers a practical and engaging learning experience through hands-on activities and easy-to-understand examples

Suitable for learners with no prior background in finance

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Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Financial Accounting and Analysis with these activities:

Review Accounting for Dummies

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Provide foundational knowledge of accounting principles and concepts outlined in the course

View Accounting For Canadians For Dummies (For... on Amazon

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Read the first 4 chapters which cover the basics of financial accounting
Answer the questions at the end of each chapter

Follow tutorials on using accounting software

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Gain hands-on experience in using accounting software to record and track financial transactions

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Identify popular accounting software such as QuickBooks or Xero
Locate free or low-cost tutorials on the vendor's website or third-party platforms
Follow the tutorials step-by-step and complete the practice exercises

Join a study group to discuss financial statements

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Enhance understanding of financial statements by discussing and analyzing them with peers

Browse courses on Financial Statements

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Find or create a study group with classmates
Choose a financial statement to analyze
Discuss the different elements of the statement and their significance

Four other activities

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Complete multiple choice questions on financial ratios

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Develop proficiency in calculating and interpreting financial ratios to assess a company's financial performance

Browse courses on Financial Statement Analysis

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Access online practice questions or purchase a study guide
Attempt the questions and review the explanations for correct and incorrect answers

Attend a workshop on financial modeling

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Gain practical knowledge and hands-on experience in developing and analyzing financial models

Browse courses on Financial Modeling

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Identify and register for a financial modeling workshop
Attend the workshop and participate actively
Apply the techniques learned to a case study or project

Develop a financial plan for a small business

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Apply concepts of financial planning to a real-world scenario and strengthen decision-making abilities

Browse courses on Financial Planning

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Identify a small business to develop a financial plan for
Research the business and its industry
Create financial projections and analyze potential risks
Develop strategies for financial growth and sustainability

Contribute to an open-source accounting project

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Enhance understanding of accounting principles and gain experience in a collaborative development environment

Browse courses on Community Involvement

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Identify an open-source accounting project to contribute to
Review the project's documentation and codebase
Choose an area to contribute to and submit a pull request

Career center

Learners who complete Financial Accounting and Analysis will develop knowledge and skills that may be useful to these careers:

Accountant

Accountants prepare and maintain financial records, ensuring accuracy and compliance with regulations. This course, 'Financial Accounting and Analysis', may be helpful for developing a strong understanding of financial accounting and analysis. It can provide a foundation in financial statement preparation and analysis, which are essential skills for Accountants.

See salaries and explore the career path for Accountant

Financial Manager

Financial Managers oversee the financial operations of organizations, ensuring profitability and compliance with regulations. This course, 'Financial Accounting and Analysis', may be helpful for understanding the basics of financial accounting and analysis. It can provide a foundation in financial statement preparation and analysis, which are essential skills for Financial Managers.

See salaries and explore the career path for Financial Manager

Financial Analyst

Financial Analysts gather and analyze financial data to make sound business decisions and recommendations for companies and clients. This course, 'Financial Accounting and Analysis', may be useful for understanding the basics of financial accounting and analysis. It can provide a foundation in financial statement preparation and analysis, which are essential skills for Financial Analysts.

See salaries and explore the career path for Financial Analyst

Portfolio Manager

Portfolio Managers manage investment portfolios for clients, ensuring optimal returns and risk management. This course, 'Financial Accounting and Analysis', may be helpful for understanding the basics of financial accounting and analysis. It can provide a foundation in financial statement analysis, which is essential for Portfolio Managers.

See salaries and explore the career path for Portfolio Manager

Financial Planner

Financial Planners develop and implement financial plans for clients, helping them achieve their financial goals. This course, 'Financial Accounting and Analysis', may be helpful for building a foundation in financial accounting and analysis. It can provide an understanding of financial statement analysis, which is essential for Financial Planners.

See salaries and explore the career path for Financial Planner

Credit Analyst

Credit Analysts assess the creditworthiness of individuals and businesses before approving loans or extending credit. This course, 'Financial Accounting and Analysis', may be helpful for building a foundation in financial accounting and analysis. It can provide an understanding of financial statement analysis, which is essential for Credit Analysts.

See salaries and explore the career path for Credit Analyst

Auditor

Auditors examine and evaluate financial records to ensure accuracy and compliance with regulations. This course, 'Financial Accounting and Analysis', may be helpful for building a foundation in financial accounting and analysis. It can provide an understanding of financial statement preparation and analysis, which are essential skills for Auditors.

See salaries and explore the career path for Auditor

Tax Analyst

Tax Analysts prepare and analyze tax returns for individuals and businesses, ensuring compliance with tax laws and regulations. This course, 'Financial Accounting and Analysis', may be helpful for understanding the basics of financial accounting and analysis. It can provide a foundation in financial statement analysis, which is essential for Tax Analysts.

See salaries and explore the career path for Tax Analyst

Risk Analyst

Risk Analysts identify and assess risks for organizations, ensuring compliance with regulations and protecting against financial loss. This course, 'Financial Accounting and Analysis', may be helpful for building a foundation in financial accounting and analysis. It can provide an understanding of financial statement analysis, which is essential for Risk Analysts.

See salaries and explore the career path for Risk Analyst

Investment Banker

Investment Bankers provide financial advice and services to corporations and governments, helping them raise capital and make strategic decisions. This course, 'Financial Accounting and Analysis', may be helpful for understanding the basics of financial accounting and analysis. It can provide a foundation in financial statement analysis, which is essential for Investment Bankers.

See salaries and explore the career path for Investment Banker

Financial Advisor

Financial Advisors provide financial advice and guidance to individuals and businesses, helping them make informed financial decisions. This course, 'Financial Accounting and Analysis', may be helpful for understanding the basics of financial accounting and analysis. It can provide a foundation in financial statement analysis, which is essential for Financial Advisors.

See salaries and explore the career path for Financial Advisor

Investment Analyst

Investment Analysts evaluate and make recommendations on investment opportunities for clients. This course, 'Financial Accounting and Analysis', may be helpful for building a foundation in financial accounting and analysis. It can provide an understanding of financial statement analysis, which is essential for Investment Analysts.

See salaries and explore the career path for Investment Analyst

Management Consultant

Management Consultants provide advice and solutions to organizations on business strategy, operations, and technology. This course, 'Financial Accounting and Analysis', may be helpful for understanding the basics of financial accounting and analysis. It can provide a foundation in financial statement analysis, which is essential for Management Consultants.

See salaries and explore the career path for Management Consultant

Budget Analyst

Budget Analysts create and manage budgets for organizations, ensuring efficient use of financial resources. This course, 'Financial Accounting and Analysis', may be helpful for understanding the basics of financial accounting and analysis. It can provide a foundation in financial statement analysis, which is essential for Budget Analysts.

See salaries and explore the career path for Budget Analyst

Data Analyst

Data Analysts collect, analyze, and interpret data to extract meaningful insights and inform decision-making. This course, 'Financial Accounting and Analysis', may be helpful for understanding the basics of financial data analysis. It can provide a foundation in financial statement analysis, which is essential for Data Analysts.

See salaries and explore the career path for Data Analyst

Reading list

We've selected 13 books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Financial Accounting and Analysis.

Accounting Principles

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This textbook comprehensive overview of financial accounting principles and practices. It covers a wide range of topics, from basic accounting concepts to financial statement analysis. valuable resource for students and professionals who want to learn more about financial accounting.

Financial Accounting and Analysis

Here's a deal for you

What's inside

Learning objectives

Syllabus

Good to know

Save this course

Activities

Career center

Reading list

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