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Learn how to read and analyze financial statements and understand basic techniques to manage costs and capital investment decisions.
This is an introductory course on financial and management accounting. How many times have you heard of net profit, operating profit, operating margin, cash, earning and so on? But are they referring to the same concepts or are they different things?
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.
No prerequisite knowledge is required. It is particularly recommended for students with little background in financial and managerial accounting.
Congratulations. The course content is excellent! There are many contents and interconnected in order to favor student learning. I hope they have more courses like these. It would be a good course in marketing.
I found the course very informative and useful indeed. However, some specific parts are not easy to follow for absolute beginners. Also the accounting field itseld is quite confusing due to different approaches and standards.