Accounting for Decision-Making

Accounting for Decision-Making

Course
en
English
Subtitles available
21 h
This content is rated 4.5 out of 5
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  • From www.edx.org
Conditions
  • Self-paced
  • Free Access
  • Fee-based Certificate
More info
  • 7 Sequences
  • Intermediate Level
  • Subtitles in Hindi

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Course details

Syllabus

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; 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
Behaviour 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.

Prerequisite

An overall understanding of business environment is required.

Instructors

MS Narasimhan
Professor
IIM Bangalore

Editor

Indian Institute of Management Bangalore ( IIM Bangalore or IIMB ) is a public business school and institute of national importance located in Bangalore, India. Founded in 1973, it was the third IIM to be established, after IIM Calcutta and IIM Ahmedabad.

The institute offers postgraduate, doctoral, executive education and certificate programmes.

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