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Deborah Agostino
This is an introductory course on financial and management accounting.
Read more
This is an introductory course on financial and management accounting.
Read more
This is an introductory course on financial and management accounting.
The first part of this course will introduce the basic accounting principles and accounting terminology to understand how a company keeps control of financial events and provides information on how it is performing. These basic concepts will support the analysis of financial reports companies prepare. We will go through balance sheet, income statement, financial statement, learning how to read and analyze them.
The course will also provide the basis of management accounting introducing some techniques (e.g. break- even analysis or NPV) to support managers in making short-term and long-term decisions, such as "Is it convenient to dispose a production machine and buy a new one?" or "How many products should the company sell in order to break-even?"
The course will bring examples and case studies that will help students better understand the practical applications of the basic accounting principles and techniques.
At the end of the course, students will be able to read, understand and analyze financial documents and to apply simple techniques to analyse costs and evaluate capital investment decisions.
Register for this course and see more details by visiting:
OpenCourser.com/course/unmftk/fundamentals
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What's inside
Syllabus
Week 1 - Introduction to accounting
Within this week we will define what is an enterprise, what is accounting and we will discuss the distinction between financial and management accounting.
Read more
Syllabus
Week 1 - Introduction to accounting
Within this week we will define what is an enterprise, what is accounting and we will discuss the distinction between financial and management accounting.
Read more
Financial reports
Within this week we will learn what is the "Annual report" and its components: balance sheet, income statement, cash flow statement.
Management accounting
Within this week we will learn the definition of management accounting, the definition of costs and their classification and the reference schema for cost allocation (proportional vs causal allocation).
Long-term decision making
Within this week we will learn the definition of decision making and the classification of the different types of decisions. We will introduce the concept of investment appraisal and explain the NPV formula for investment appraisal. We will furthermore solve small example of NPV application.
Short term decision making
Within this week we will introduce the basic concepts of short-term decision making: contribution margin, fixed costs, variable costs and avoidable costs. We will approach cost-volume-profit analysis and discuss examples of it.
Good to know
Good to know
Know what's good ,
what to watch for , and
possible dealbreakers
Explores various financial reporting structures under IFRS, which is an industry standard
Provides a general overview of managerial accounting techniques used by managers to make strategic business decisions
Taught by instructors who provide real-world examples and case studies for enhanced understanding
Offers opportunities for practical application through examples and case studies
May require learners to possess basic accounting knowledge as a prerequisite
Does not cover advanced financial accounting concepts or techniques, which may limit learners seeking deeper expertise
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Save Fundamentals of financial and management accounting to your list so you can find it easily later:
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Reviews summary
Engaging accounting fundamentals course
Learners say this is a largely positive course that engagingly covers the fundamentals of financial and management accounting. Well explained video lectures are accompanied by helpful quizzes and exercises that reinforce concepts. Deborah Agostino is a knowledgeable and engaging instructor who helps learners clearly understand even complex topics. Learners with no background in the subject found the course accessible and those with some experience felt the course was a great way to refresh their knowledge. Overall, learners say this course is a great choice for anyone looking to improve their understanding of financial and management accounting.
Clear and helpful quizzes and exams.
"very fast ,but good"
"The quizzes and exam were different from what I was trying to learn."
"Very informative. A clear recommendation."
"I couldn't go back into my notes to help me at all."
"The course was very good, teaching was very detailed and easy to understand."
"Give the right answer one the test or the question fail is not the better idea, why not give a clue, the formula tu use and tips, and remenber the part of the video to be check, so the student have to recheck his own calculation and try to get the raigh answer by thenselves. Just and idea. Thanks"
Deborah Agostino is exceptional
"This was my first course at Coursera and happy to have completed it succesfully. Thank you Prof. Deborah Agostino for explaining everything clearly."
"Thank you for the Coursera program after completed the course I able to read, understand and analyze financial documents and to apply simple techniques to analyse costs and evaluate capital investment decisions. I gained skill on Financial Accounting, Decision-Making, Management Accounting, and Financial Statement. I like the instructors teaching styles and easy to understand and followed great experiences."
"a great teacher, conveying knowledge very clearly and precisely."
"Deborah Agostino is a very clear and engaging teacher"
"Excellent explanations from a very clear and engaging teacher"
"Excellent course. Very well taught."
"A very good teacher, conveying knowledge very clearly and precisely."
"The teacher use all of examples, very comunicative."
"thank you"
"This course is well structured from very bsic to advanced, so anyone can go through it and level up your knowledge. And the lecturer follows a ver inteeracting method ,so it gives kind of live class experience rather than online class which makes you more sticky to this course. :)"
Not very beginner-friendly
"not very beginner-friendly! "
Exercises and assignments could be improved.
"There are some exercises that are not well explained."
"Easy to understand. I love the exercise. They make sure my understanding are correct."
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 Fundamentals of financial and management accounting with these
activities:
Review a textbook on financial accounting
Show steps
Solidify your understanding of the fundamental concepts of financial accounting by reviewing a comprehensive textbook.
Show steps
-
Read the assigned chapters in the textbook.
-
Complete the end-of-chapter exercises and review questions.
-
Use the textbook as a reference to clarify any concepts that you are struggling with.
Mentor a junior student in accounting
Show steps
Share your knowledge and experience with a junior student to reinforce your own understanding of accounting principles and concepts.
Browse courses on
Accounting
Show steps
-
Identify a junior student who is looking for a mentor.
-
Meet with the student regularly to discuss their coursework and provide guidance.
-
Review their work and offer feedback and support.
Volunteer at a non-profit organization to gain practical accounting experience
Show steps
Get hands-on experience with accounting tasks while supporting a worthy cause.
Browse courses on
Accounting
Show steps
-
Identify a non-profit organization that needs accounting assistance.
-
Offer your services and agree on the scope of work.
-
Complete the accounting tasks as agreed upon.
Five other activities
Expand to see all activities and additional details
Show all eight activities
Create a compilation of resources on cost accounting
Show steps
Expand your knowledge of cost accounting by gathering and organizing a variety of resources.
Browse courses on
Cost Accounting
Show steps
-
Search for online articles, tutorials, and videos on cost accounting.
-
Organize the resources into a structured format.
-
Share the compilation with your classmates.
Practice accounting terminology
Show steps
Reinforce your understanding of basic accounting concepts by completing practice problems and exercises.
Browse courses on
Accounting Principles
Show steps
-
Review the course materials on accounting terminology.
-
Complete the practice problems provided in the textbook or online resources.
-
Check your answers and identify areas where you need further clarification.
Learn to read and analyze financial statements
Show steps
Develop your ability to interpret and analyze financial statements to gain insights into a company's financial performance.
Browse courses on
Financial Statements
Show steps
-
Find online tutorials or courses on financial statement analysis.
-
Follow the instructions and complete the exercises provided in the tutorial.
-
Apply the techniques you learn to analyze the financial statements of a real-world company.
Create a financial report for a small business
Show steps
Apply your knowledge of accounting principles and financial reporting to create a comprehensive financial report for a small business.
Browse courses on
Financial Reporting
Show steps
-
Gather the necessary financial data from the business.
-
Prepare the financial statements (balance sheet, income statement, cash flow statement).
-
Write a narrative report that summarizes the financial performance of the business.
Develop a cost analysis to support a decision-making process
Show steps
Put your understanding of cost accounting techniques to work by developing a cost analysis that supports a specific decision-making process within an organization.
Browse courses on
Cost Accounting
Show steps
-
Identify the decision that needs to be made.
-
Gather the relevant cost data.
-
Analyze the cost data and develop recommendations.
-
Present your findings to stakeholders and support the decision-making process.
Review a textbook on financial accounting
Show steps
Solidify your understanding of the fundamental concepts of financial accounting by reviewing a comprehensive textbook.
Show steps
Show steps
Show steps
- Read the assigned chapters in the textbook.
- Complete the end-of-chapter exercises and review questions.
- Use the textbook as a reference to clarify any concepts that you are struggling with.
Mentor a junior student in accounting
Show steps
Share your knowledge and experience with a junior student to reinforce your own understanding of accounting principles and concepts.
Browse courses on
Accounting
Show steps
Show steps
Show steps
- Identify a junior student who is looking for a mentor.
- Meet with the student regularly to discuss their coursework and provide guidance.
- Review their work and offer feedback and support.
Volunteer at a non-profit organization to gain practical accounting experience
Show steps
Get hands-on experience with accounting tasks while supporting a worthy cause.
Browse courses on
Accounting
Show steps
Show steps
Show steps
- Identify a non-profit organization that needs accounting assistance.
- Offer your services and agree on the scope of work.
- Complete the accounting tasks as agreed upon.
Five other activities
Expand to see all activities and additional details
Show all eight activities
Create a compilation of resources on cost accounting
Show steps
Expand your knowledge of cost accounting by gathering and organizing a variety of resources.
Browse courses on
Cost Accounting
Show steps
Show steps
Show steps
- Search for online articles, tutorials, and videos on cost accounting.
- Organize the resources into a structured format.
- Share the compilation with your classmates.
Practice accounting terminology
Show steps
Reinforce your understanding of basic accounting concepts by completing practice problems and exercises.
Browse courses on
Accounting Principles
Show steps
Show steps
Show steps
- Review the course materials on accounting terminology.
- Complete the practice problems provided in the textbook or online resources.
- Check your answers and identify areas where you need further clarification.
Learn to read and analyze financial statements
Show steps
Develop your ability to interpret and analyze financial statements to gain insights into a company's financial performance.
Browse courses on
Financial Statements
Show steps
Show steps
Show steps
- Find online tutorials or courses on financial statement analysis.
- Follow the instructions and complete the exercises provided in the tutorial.
- Apply the techniques you learn to analyze the financial statements of a real-world company.
Create a financial report for a small business
Show steps
Apply your knowledge of accounting principles and financial reporting to create a comprehensive financial report for a small business.
Browse courses on
Financial Reporting
Show steps
Show steps
Show steps
- Gather the necessary financial data from the business.
- Prepare the financial statements (balance sheet, income statement, cash flow statement).
- Write a narrative report that summarizes the financial performance of the business.
Develop a cost analysis to support a decision-making process
Show steps
Put your understanding of cost accounting techniques to work by developing a cost analysis that supports a specific decision-making process within an organization.
Browse courses on
Cost Accounting
Show steps
Show steps
Show steps
- Identify the decision that needs to be made.
- Gather the relevant cost data.
- Analyze the cost data and develop recommendations.
- Present your findings to stakeholders and support the decision-making process.
Career center
Learners who complete Fundamentals of financial and management accounting will develop knowledge and skills
that may be useful to these careers:
Treasury Manager
Treasury Manager
Treasury Managers oversee the cash and investments of their organizations. They may also develop and implement treasury policies and procedures. This course may help you build a foundation for understanding and performing these tasks. The course will introduce you to the basic accounting principles and accounting terminology that are used by Treasury Managers.
Financial Analyst
Financial Analyst
Financial Analysts evaluate and make recommendations on investments. They may also provide advice to clients on financial matters. This course may help you build a foundation for understanding and performing these tasks. The course will introduce you to the basic accounting principles and accounting terminology that are used by Financial Analysts.
Auditor
Auditor
Auditors examine and evaluate financial and accounting records to determine whether they are accurate, complete, and in accordance with accepted accounting standards. They also ensure that financial reports reflect the financial position and performance of the organization. This course may help you build a foundation for understanding and performing these tasks. The course will introduce you to the basic accounting principles and accounting terminology that are used by Auditors.
Tax Accountant
Tax Accountant
Tax Accountants prepare tax returns and advise clients on tax matters. They may also develop and implement tax planning strategies. This course may help you build a foundation for understanding and performing these tasks. The course will introduce you to the basic accounting principles and accounting terminology that are used by Tax Accountants.
Chief Financial Officer (CFO)
Chief Financial Officer (CFO)
CFOs are responsible for the financial health of their organizations. They oversee financial planning, budgeting, accounting, and reporting. They also make decisions on how to allocate financial resources. This course may help you build a foundation for understanding and performing these tasks. The course will introduce you to the basic accounting principles and accounting terminology that are used by CFOs.
Accountant
Accountant
Accountants assemble and analyze financial information and prepare financial reports that summarize and present economic data. Accountants may also develop, maintain, and interpret accounting systems to promote efficient operations. This course may help you build a foundation for understanding and performing these tasks. The course will introduce you to the basic accounting principles and accounting terminology that are used by Accountants.
Budget Analyst
Budget Analyst
Budget Analysts develop, implement, and evaluate budgets for organizations. They may also advise management on financial planning and budgeting matters. This course may help you build a foundation for understanding and performing these tasks. The course will introduce you to the basic accounting principles and accounting terminology that are used by Budget Analysts.
Compliance Officer
Compliance Officer
Compliance Officers ensure that their organizations comply with applicable laws and regulations. They may also develop and implement compliance programs and policies. This course may help you build a foundation for understanding and performing these tasks. The course will introduce you to the basic accounting principles and accounting terminology that are used by Compliance Officers.
Management Accountant
Management Accountant
Management Accountants provide financial information and analysis to help managers make informed decisions. They may also develop and implement accounting systems and procedures. This course may help you build a foundation for understanding and performing these tasks. The course will introduce you to the basic accounting principles and accounting terminology that are used by Management Accountants.
Internal Auditor
Internal Auditor
Internal Auditors evaluate the internal controls of their organizations and make recommendations for improvements. They may also provide consulting services on financial and accounting matters. This course may help you build a foundation for understanding and performing these tasks. The course will introduce you to the basic accounting principles and accounting terminology that are used by Internal Auditors.
Financial Manager
Financial Manager
Financial Managers oversee the financial operations of their organizations. They may also develop and implement financial policies and procedures. This course may help you build a foundation for understanding and performing these tasks. The course will introduce you to the basic accounting principles and accounting terminology that are used by Financial Managers.
Bookkeeper
Bookkeeper
Bookkeepers maintain financial records, prepare financial statements, and perform other accounting tasks such as recording and reconciling transactions, preparing invoices, and calculating payroll. This course may help you build a foundation for understanding and performing these tasks. The course will introduce you to the basic accounting principles and accounting terminology that are used by Bookkeepers.
Controller
Controller
Controllers oversee the accounting and financial reporting functions of their organizations. They may also develop and implement accounting policies and procedures. This course may help you build a foundation for understanding and performing these tasks. The course will introduce you to the basic accounting principles and accounting terminology that are used by Controllers.
Fraud Examiner
Fraud Examiner
Fraud Examiners investigate and analyze financial transactions to detect and prevent fraud. They may also develop and implement fraud prevention programs and policies. This course may help you build a foundation for understanding and performing these tasks. The course will introduce you to the basic accounting principles and accounting terminology that are used by Fraud Examiners.
Risk Manager
Risk Manager
Risk Managers identify, assess, and manage risks facing their organizations. They may also develop and implement risk management plans. This course may help you build a foundation for understanding and performing these tasks. The course will introduce you to the basic accounting principles and accounting terminology that are used by Risk Managers.
For more career information including salaries, visit:
OpenCourser.com/course/unmftk/fundamentals
Reading list
We've selected 12 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
Fundamentals of financial and management accounting.
Combines management accounting and cost accounting into a single volume, providing a comprehensive overview of both disciplines. It is particularly useful for students who want to understand the interrelationship between these two areas.
Provides a comprehensive overview of financial accounting, covering the fundamental principles and concepts. It widely used textbook in academic institutions and provides a solid foundation for understanding the course material.
Emphasizes the use of accounting information for decision-making and control within organizations. It provides practical examples and case studies that illustrate how accounting principles are applied in real-world settings.
Provides a comprehensive overview of cost accounting, covering different cost accounting methods and their applications. It valuable resource for understanding the fundamentals and practical uses of cost accounting in business.
Provides a comprehensive treatment of cost accounting, covering topics such as cost behavior, cost allocation, and cost control. It offers a practical perspective on the role of cost accounting in decision-making.
Provides a comprehensive overview of International Financial Reporting Standards (IFRS), covering the key concepts and principles. It is essential for students who want to understand the global financial reporting landscape.
Provides a comprehensive overview of accounting principles, covering both financial and managerial accounting. It commonly used textbook in academic institutions and valuable resource for foundational knowledge in the field.
Provides an overview of auditing and assurance services, covering the principles and procedures used to evaluate financial statements. It useful resource for students who are interested in pursuing a career in auditing or accounting.
Focuses on managerial accounting, providing practical insights into cost analysis and performance evaluation. It useful reference for understanding the application of accounting principles in real-world business scenarios.
Introduces financial statement analysis and valuation techniques. It provides a deeper understanding of how to read and interpret financial reports, which is essential for evaluating a company's financial performance.
Provides an overview of managerial finance, covering topics such as capital budgeting, investment analysis, and financial planning. It complements the course material by providing a broader perspective on financial decision-making.
Introduces accounting information systems, covering the design, implementation, and use of accounting software and technology. It provides insights into how technology can support accounting processes and improve efficiency.
For more information about how these books relate to this course, visit:
OpenCourser.com/course/unmftk/fundamentals
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Effort
4-6 hours/week
Level
Introductory
Via
Coursera
Institution
Politecnico di Milano
Instructor
Deborah Agostino
Language
English
Transcripts
Español
Français
Português
Deutsch
Italiano
中文
العربية
한국어
日本語
हिंदी
Nederlands
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آذربایجان دیلی
Good to know
Explores various financial reporting structures under IFRS, which is an industry standard
Provides a general overview of managerial accounting techniques used by managers to make strategic business decisions
Taught by instructors who provide real-world examples and case studies for enhanced understanding
Offers opportunities for practical application through examples and case studies
May require learners to possess basic accounting knowledge as a prerequisite
Does not cover advanced financial accounting concepts or techniques, which may limit learners seeking deeper expertise
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