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Accounting for Business Decision Making: Strategy Assessment and Control

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Accounting for Business Decision Making: Strategy Assessment and Control

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Gain insight into a topic and learn the fundamentals.
3.9

118 reviews

Beginner level
No prior experience required
Flexible schedule
2 weeks at 10 hours a week
Learn at your own pace
89%
Most learners liked this course
Gain insight into a topic and learn the fundamentals.
3.9

118 reviews

Beginner level
No prior experience required
Flexible schedule
2 weeks at 10 hours a week
Learn at your own pace
89%
Most learners liked this course

What you'll learn

  • Create and communicate accounting information that facilitates strategic decisions.

  • Use accounting information to develop, implement, and improve organizational strategy.

  • Implement controls that align managers’ and employees’ decisions with organizational goals.

  • Measure and evaluate manager and employee performance to control and motivate operational and strategic decision-making.

Details to know

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Assessments

16 assignments¹

AI Graded see disclaimer
Taught in English

Build your subject-matter expertise

This course is part of the Fundamentals of Accounting Specialization
When you enroll in this course, you'll also be enrolled in this Specialization.
  • Learn new concepts from industry experts
  • Gain a foundational understanding of a subject or tool
  • Develop job-relevant skills with hands-on projects
  • Earn a shareable career certificate

There are 4 modules in this course

Accounting information is the lifeblood of the organization, as it facilitates and influences operational and strategic decisions intended to achieve organizational goals. Organizations benefit from three decision-oriented roles of accounting: measurement, control, and communication.

This course provides an introduction to accounting’s role in helping managers develop and implement, and improve the organization’s strategy. In particular, you will learn how non-financial and financial information is created, organized, and communicated to help managers make strategic decisions, as well as measure strategic success. This course also provides an introduction to accounting as a control function inside the organization, which helps influence the alignment of managers’ and employees’ decisions with organizational goals. You will learn about different types of controls, including process controls, budgets, and performance measurement and evaluation tools and techniques. If you enjoy this business course and are interested in an MBA, consider applying to the iMBA, a flexible, fully-accredited online MBA at an incredibly competitive price offered by the University of Illinois. For more information, please see the Resource page in this course and onlinemba.illinois.edu.

You will become familiar with the course, your classmates, and our learning environment. The orientation will also help you obtain the technical skills required for the course. You will then explore different measures of an organization's capacity and understand their implications for many different decisions, including product pricing.

What's included

8 videos5 readings5 assignments1 discussion prompt1 plugin

8 videos•Total 49 minutes
  • 1-1.1. Defining and Measuring Capacity•7 minutes
  • 1-1.2. Implications of Capacity Measurement•4 minutes
  • 1-1.3. Application and Extension•11 minutes
  • 1-1.4. What We’ve Learned•0 minutes
  • 1-2.1. Identifying Constraints•4 minutes
  • 1-2.2. Managing Constraints•5 minutes
  • 1-2.3. Application and Extension•6 minutes
  • 1-2.4. What We’ve Learned•11 minutes
5 readings•Total 75 minutes
  • Syllabus•15 minutes
  • About the Discussion Forums•10 minutes
  • Updating Your Profile•10 minutes
  • Module 1 Overview•10 minutes
  • Module 1 Readings•30 minutes
5 assignments•Total 80 minutes
  • Module 1 Conceptual Quiz•30 minutes
  • Module 1 Quantitative Analysis Quiz•10 minutes
  • Orientation Quiz•10 minutes
  • Lesson 1-1 Practice Quiz•15 minutes
  • Lesson 1-2 Practice Quiz•15 minutes
1 discussion prompt•Total 60 minutes
  • Getting to Know Your Classmates•60 minutes
1 plugin•Total 15 minutes
  • Demographic Survey•15 minutes

In this module, you will learn about accounting's role in pricing decisions.

What's included

8 videos2 readings4 assignments

8 videos•Total 38 minutes
  • 2-1.1. Pricing Fundamentals•4 minutes
  • 2-1.2. Pricing Mechanisms•4 minutes
  • 2-1.3. Application and Extension•4 minutes
  • 2-1.4. What We’ve Learned•1 minute
  • 2-2.1. Decentralization and Reporting•8 minutes
  • 2-2.2. Transfer Pricing Approaches•5 minutes
  • 2-2.3. Application and Extension•12 minutes
  • 2-2.4. What We’ve Learned•0 minutes
2 readings•Total 40 minutes
  • Module 2 Overview•10 minutes
  • Module 2 Readings•30 minutes
4 assignments•Total 90 minutes
  • Module 2 Conceptual Quiz•30 minutes
  • Module 2 Quantitative Analysis Quiz•30 minutes
  • Lesson 2-1 Practice Quiz•15 minutes
  • Lesson 2-2 Practice Quiz•15 minutes

In this module, you will explore budgeting in organizations.

What's included

8 videos2 readings4 assignments1 peer review

8 videos•Total 57 minutes
  • 3-1.1. Budgeting in Organizations•2 minutes
  • 3-1.2. Types of Budgets•4 minutes
  • 3-1.3. Application and Extension•19 minutes
  • 3-1.4. What We’ve Learned•0 minutes
  • 3-2.1. Standards and Variance Analysis•3 minutes
  • 3-2.2. Variance Analysis Concepts and Framework•9 minutes
  • 3-2.3. Application and Extension•19 minutes
  • 3-2.4. What We’ve Learned•0 minutes
2 readings•Total 40 minutes
  • Module 3 Overview•10 minutes
  • Module 3 Readings•30 minutes
4 assignments•Total 90 minutes
  • Module 3 Conceptual Quiz•30 minutes
  • Module 3 Quantitative Analysis Quiz•30 minutes
  • Lesson 3-1 Practice Quiz•15 minutes
  • Lesson 3-2 Practice Quiz•15 minutes
1 peer review•Total 120 minutes
  • Module 3 Peer Review Assignment •120 minutes

In this module, you will explore many aspects of this important system.

What's included

9 videos3 readings3 assignments1 peer review1 discussion prompt

9 videos•Total 30 minutes
  • 4-1.1. Defining Strategy•4 minutes
  • 4-1.2. Measure Attributes and Qualities•8 minutes
  • 4-1.3. Financial Measures•4 minutes
  • 4-1.4. What We’ve Learned•1 minute
  • 4-2.1. Non-financial Measures•4 minutes
  • 4-2.2. Purpose of Strategic Performance Measurement Systems•2 minutes
  • 4-2.3. The Balanced Scorecard•5 minutes
  • 4-2.4. What We’ve Learned•1 minute
  • Learn on Your Terms•1 minute
3 readings•Total 50 minutes
  • Module 4 Overview•10 minutes
  • Module 4 Readings•30 minutes
  • Congratulations on completing the course!•10 minutes
3 assignments•Total 60 minutes
  • Module 4 Conceptual Quiz•30 minutes
  • Lesson 4-1 Practice Quiz•15 minutes
  • Lesson 4-2 Practice Quiz•15 minutes
1 peer review•Total 60 minutes
  • Module 4 Peer Review Assignment •60 minutes
1 discussion prompt•Total 15 minutes
  • Final Reflections•15 minutes

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Instructor

Instructor ratings
3.3 (15 ratings)
University of Illinois Urbana-Champaign
9 Courses•127,633 learners

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Showing 3 of 118

AA
·

Reviewed on Nov 19, 2020

Some errors in quizzes need to be corrected, especially Week 1

MA
·

Reviewed on Apr 25, 2020

Good pace of introducing concepts which made the course learner-friendly.

AS
·

Reviewed on Jul 22, 2023

I can't say that the course was revelational. Besides, in one place, the test is really broken

Frequently asked questions

To access the course materials, assignments and to earn a Certificate, you will need to purchase the Certificate experience when you enroll in a course. You can try a Free Trial instead, or apply for Financial Aid. The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.

When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile.

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¹ Some assignments in this course are AI-graded. For these assignments, your data will be used in accordance with Coursera's Privacy Notice.