Fundamentals of Accounting Specialization

Start Date: 07/12/2020

Course Type: Specialization Course

Course Link:

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About Course

Accounting is the “language of business.” Being able to understand this language allows individuals both inside and outside of an organization to join the “conversation” about how the organization is performing and how it can improve future performance. Financial accounting focuses on the reports that managers generate to provide interested external parties a summary of the firm’s financial position and operations. Managerial accounting focuses on the information and the analytical tools and techniques that help managers and employees make the right business decisions. In this Specialization, you will learn the fundamentals of both of these purposes of accounting. More specifically, you will understand the financial statements that managers create, and be able to interpret and analyze these statements to assess the financial position of the organization. You will also identify and understand the nature, purpose, and importance of different types of decision-useful accounting information, and use analytical tools and techniques to use this information to make business decisions. Via the capstone, you will apply these fundamentals via the lens of a new business, creating a business plan, forecasts and budgets, and anticipated information needs for decisions made by you as owner and manager, your employees, and external parties such as future shareholders, creditors, and other constituents.

Course Syllabus

Understanding Financial Statements: Company Position
Understanding Financial Statements: Company Performance
Accounting for Business Decision Making: Measurement and Operational Decisions
Accounting for Business Decision Making: Strategy Assessment and Control

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Course Introduction

Accounting Basics for Managers and Entrepreneurs. Apply principles that underlie financial statements and facilitate business decisions and goals. Fundamentals of Accounting Specialization This specialization provides an introduction to the basics of accounting concepts, which are necessary for graduate students to understand the U.S. financial system and financial decision-making. It includes a survey of basic accounting concepts, models, and decision-making, as well as an exploration of accounting for individuals, organizations, and corporate governance. The course includes several activity-based learning tasks that enable the student to effectively engage with the material they have learned, including hands-on exercises using virtual instruments. The course aims to provide the graduate student with a solid foundation in accounting concepts and decision-making, as well as a foundation in the fundamentals of accounting management. Upon successful completion of this specialization, you will be able to: * Recognize the U.S. financial system, which is generally referred to as the "net worth of the nation". * Recognize the key decision-making models and decision-making processes used by corporate decision-makers, including the equity method, the ratio method, the asset method, the income method, and the balance method. * Recognize the key decision-making models and decision-making processes used by individual decision-makers, including asset pricing models, risk pricing, and liquidity pricing models. * Explore the assets and liabilities of corporations and be able to discount the valuation of the assets. * Discuss the income statement, cash flow statements, financial statement analysis, and the balance sheet.Introduction to the Emergent Emergent Value of

Course Tag

Income Statement Cost Financial Statement Balance Sheet

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