Indian Institute of Management is providing you the opportunity to join free online course named as Accounting and Finance. The aim of the course is developing financial acumen to manage your business successfully.
Over 11 weeks course covers the topics like Mechanics of Financial Accounting, Financial Statement Analysis, Product Costing, Capital Budgeting and finance and account related other various areas.The course will start on March 16, 2017.
Course At A Glance
- Length: 11 weeks
- Effort: 4-5 hours per week
- Subject: Business & Management
- Institution: Indian Institute of Management
- Languages: English
- Price: Free
- Certificate Available: Yes
- Session: Course starts on March 16, 2017
Providers Details
- About University: Established in 1973, the Indian Institute of Management, Bangalore is one of the top management schools in India. We build leaders through holistic, transformative and innovative education. They are known for excellence in both teaching and research, and our alumni are leaders in business, government and civil society across the globe.
- The Mission of University: The mission of the university is to develop and maintain a premier Australasian information management institution which consistently achieves high standards in delivering value for money services to its membership.
Requirements
- Graduate level course
- An overall understanding of business environment is required
About This Course
- Benefits: The course covers mechanics of financial accounting, product costing, budgeting and variance analysis, and capital budgeting and also other financial and accounting related courses. The language of the course is English.
- Importance of the Subject in Today’s Scenario: Today accounting and finance play an existential role in the management of any business. The role of accounting in business is to help internal and external stakeholders make better business decisions by providing them with financial information.
How to Join This Course
You should register yourself through the given link to join this free on-line course: https://courses.edx.org/register
Course Format
Week 1: Mechanics of Financial Accounting
Introduction to financial accounting, Generally Accepted Accounting Principles, fundamental accounting equation, recording of financial transactions and preparation of accounting statements through accounting equation.
Week 2: Reading Financial Statements
Reading and understanding balance sheet, income statement and cash flow statement Familiarizing all accounting terms that normally appear in financial statements
Week 3: Financial Statement Analysis
Ratio analysis, the understanding relationship between four profitability drivers, assessing financial health through credit scoring model.
Week 4: Product Costing
Preparation of Cost Sheet in manufacturing and service industry, Job, and process costing, Activity-based costing.
Week 5: Cost Analysis for Decision Making
Behavior of costs, Break-even analysis, relevant costing approach for different decision making scenarios.
Week 6: Budgeting and variance analysis
Preparation of operational and financial budgets, Comparing actual performance against budgets, Price and quantity variance, Controllable and non-controllable variance, Revenue and contribution variances.
Week 7: Financial Markets
Sources of finance, Angel funding, Venture Capital, Private Equity, Term Loan, Working capital financing and public equity.
Week 8: Capital Budgeting
Preparing project cash flow statement, measuring the cost of capital and evaluating projects (NPV, IRR, Payback period).
Week 9: Working Capital Management
Working capital cycle, managing inventory, receivables, and cash.
Week 10: Course Review
Ten important things that you need to remember in Finance.
Why Take This Course
- Advantage of course: The objective of the course is to build financial acumen to make you a successful entrepreneur or manager. You will learn how to prepare cost sheets, budget and make cost-based decisions. The course will also help you to manage your business successfully.
- Certificate: You can pursue a verified certificate at $150 to highlight the knowledge and skills you gain, add the certificate to your CV or resume, or post it directly on LinkedIn.
Learning Outcomes
After accomplishing the course you will get knowledge about these topics which are given below
- Financial statement analysis
- Cost management
- Financial Management
Instructors
MS Narasimhan: He teaches courses on Management Accounting, Financial Accounting, Corporate Finance and Investments. His areas of interest include Management Accounting, Corporate Finance and Capital Markets.
Suggested Reading
Basic knowledge about business finance and accountancy
You Might Also Be Interested In
If you are interested, you can also join the “Management Accounting” free online course.
Conclusion
- You will learn how to prepare cost sheets, budget and make cost-based decisions.
- You will develop the ability to prepare and evaluate finances for your business plan and manage working capital.
- After completing the course you will access knowledge that how to preparing project cash flow statement, measuring the cost of capital and evaluating projects.
- The overall objective of the course is to build financial acumen to make you a successful entrepreneur or manager.
- If you pay for the certificate then you can receive an instructor-signed certificate with the institution’s logo to verify your achievement and increase your job prospects.
Detailed Information
For more information about the course, you can check the given link:
https://www.edx.org/course/accounting-finance-iimbx-ac104x#!
