Accounting for Decision-Making

MS Narasimhan, IIMBx

Learn how to read and interpret financial statements and manage costs to take informed business decisions.

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 will you learn

  • Read and understand financial statements
  • Financial statement analysis
  • How to use accounting information to plan and control your business and make decisions

Dates:
  • 2 May 2019
Course properties:
  • Free:
  • Paid:
  • Certificate:
  • MOOC:
  • Video:
  • Audio:
  • Email-course:
  • Language: English Gb

Reviews

No reviews yet. Want to be the first?

Register to leave a review

More on this topic:
6b25d0d1-484f-49b0-97e3-944a95087f2c.small Financial Decision Making
Learn how corporate leaders make effective decisions to maximize profitability...
835abbce-5045-4237-8250-0a14c42b5b4f-1c1a1e7b62b2.small Management Accounting
Learn management accounting techniques to support businesses to plan, control...
8899b378-35ce-4bd9-93a2-b8422584a16a-cdaf3f0fa7dc.small Financial Accounting
Financial accounting is the language of business. Learn to effectively intepret...
06352df0-7e85-440b-91a0-90d952cfa2b8.small Financial Accounting for Corporations
Ever wonder how Wall Street investors compare corporations? Learn to prepare...
E1605d94-573b-4e48-86f1-b43487b3024f-85a58ca76c2a.small Management in Engineering I
Experience what it is like to manage within an engineering enterprise. Develop...
More from 'Economics & Finance':
B72fc2e6-963f-4ec6-be14-0dab8807fc66-6939231550b6.small FinTech Ethics and Risks
Learn how individuals and organizations can utilize and regulate blockchain...
Bb00d394-51a5-4f4b-b621-680f556f7140-5610adf2d629.small The Challenges of Global Poverty
A course for those who are interested in the challenge posed by massive and...
45c94798-fd5c-4a24-af5c-174c78b4914b-a20f45650fca.small Data Analysis for Social Scientists
Learn methods for harnessing and analyzing data to answer questions of cultural...
1b473926-2554-4b9f-86ba-8e4c5debb8eb-9bbad50f7bb6.small Microeconomics
Use economic models to learn how prices and markets benefit society in the face...
B729e0ff-097e-4f6d-8cad-27ac3a861ab7-4561a8b36f36.small Designing and Running Randomized Evaluations
Learn how to both design randomized evaluations and implement them in the field...
More from 'edX':
D2868c46-5a91-4766-a2a4-891bcc5af93b-ada68a2be755.small Building a Cybersecurity Toolkit
Develop a set of skills and characteristics that expand beyond technical proficiency...
3549b0ac-892b-47a5-90fc-fa44b43f79b9-4331f8104748.small Storytelling in the Workplace
Learn how to craft messages and narratives that will resonate with your target...
Ab312b37-f7b7-4d6c-8a79-5b945e1f0f8e-b61136860777.small Capstone Assessment: Leadership in Global Development
Demonstrate the knowledge and skills acquired in the Leadership in Global Development...
Fd75b745-3d53-46c9-bd48-285cf079fc2a-5b5524dcf602.small States and Markets in the Global Economy
Learn to predict financial crises, handle unfair trade practices and minimize...
21be6203-b140-422c-9233-a1dc278d7266-1cbbdfc6b0f4.small Big Data Analytics Using Spark
Learn how to analyze large datasets using Jupyter notebooks, MapReduce and Spark...

© 2013-2017