VOOZH about

URL: https://www.coursera.org/learn/financial-accounting-polimi

⇱ Fundamentals of financial and management accounting | Coursera


Fundamentals of financial and management accounting

Keep adding new skills with 10,000+ programs for $239 (usually $399). Save now.

Fundamentals of financial and management accounting

41,353 already enrolled

Included with

Ask Coursera

Gain insight into a topic and learn the fundamentals.
4.7

747 reviews

Beginner level

Recommended experience

Flexible schedule
1 week at 10 hours a week
Learn at your own pace
98%
Most learners liked this course

Gain insight into a topic and learn the fundamentals.
4.7

747 reviews

Beginner level

Recommended experience

Flexible schedule
1 week at 10 hours a week
Learn at your own pace
98%
Most learners liked this course

What you'll learn

  • Learn how to read and analyze financial statements and understand basic techniques to manage costs and capital investment decisions.

Details to know

Shareable certificate

Add to your LinkedIn profile

Assessments

11 assignments

Taught in English

There are 5 modules in this course

This is an introductory course on financial and management accounting.

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.

Within this week we will define what is an enterprise, what is accounting and we will discuss the distinction between financial and management accounting.

What's included

5 videos2 assignments

5 videosTotal 43 minutes
  • What is a company: shareholders and stakeholders6 minutes
  • NPV Calculation12 minutes
  • What is accounting9 minutes
  • Introduction to financial accounting8 minutes
  • Accrual and cash principles8 minutes
2 assignmentsTotal 60 minutes
  • Week 1 - Quiz 130 minutes
  • Week 1 - Quiz 230 minutes

Within this week we will learn what is the "Annual report" and its components: balance sheet, income statement, cash flow statement.

What's included

9 videos1 reading2 assignments

9 videosTotal 68 minutes
  • Balance sheet: general overview7 minutes
  • Non current assets and depreciation8 minutes
  • Example on recognition of non current assets9 minutes
  • Inventories7 minutes
  • Equity and liabilities7 minutes
  • Income statement: general overview10 minutes
  • The impact of inventories on profit6 minutes
  • Solution to the inventories exercise9 minutes
  • Cash flow statement6 minutes
1 readingTotal 10 minutes
  • Exercise on inventories10 minutes
2 assignmentsTotal 60 minutes
  • Week 2 - Quiz 130 minutes
  • Week 2 - Quiz 230 minutes

Within this week we will learn the definition of management accounting, the definition of costs and their classification and the reference schema for cost allocation (proportional vs causal allocation).

What's included

8 videos2 readings2 assignments

8 videosTotal 81 minutes
  • What are costs4 minutes
  • Costs classification13 minutes
  • Costs configuration: direct vs full costs8 minutes
  • Cost tracing vs cost allocation8 minutes
  • JOC11 minutes
  • Solution to the JOC exercise13 minutes
  • ABC14 minutes
  • Solution to the ABC exercise10 minutes
2 readingsTotal 20 minutes
  • Exercise on JOC10 minutes
  • Exercise on ABC10 minutes
2 assignmentsTotal 60 minutes
  • Week 3 - Quiz 130 minutes
  • Week 3 - Quiz 230 minutes

Within this week we will learn the definition of decision making and the classification of the different types of decisions. We will introduce the concept of investment appraisal and explain the NPV formula for investment appraisal. We will furthermore solve small example of NPV application.

What's included

6 videos1 reading2 assignments

6 videosTotal 67 minutes
  • What is an investment decision9 minutes
  • Steps to investment appraisal9 minutes
  • NPV method: general formula14 minutes
  • NPV calculation: taxes8 minutes
  • NPV calculation: external financing12 minutes
  • Solution to the Investment appraisal exercise14 minutes
1 readingTotal 10 minutes
  • New Reading10 minutes
2 assignmentsTotal 60 minutes
  • Week 4 - Quiz 130 minutes
  • Week 4 - Quiz 230 minutes

Within this week we will introduce the basic concepts of short-term decision making: contribution margin, fixed costs, variable costs and avoidable costs. We will approach cost-volume-profit analysis and discuss examples of it.

What's included

9 videos4 readings3 assignments

9 videosTotal 66 minutes
  • What are short-term decisions7 minutes
  • Evaluating short-term decisions8 minutes
  • Solution to the Contribution Margin exercise6 minutes
  • Break even point8 minutes
  • Solution to the Break Even Point exercise6 minutes
  • Production mix7 minutes
  • Solution to the Production Mix exercise9 minutes
  • Evaluating alternatives8 minutes
  • Solution to the alternatives evaluation exercise7 minutes
4 readingsTotal 40 minutes
  • Exercise on calculation of Contribution Margin10 minutes
  • Exercise on Break Even Point10 minutes
  • Exercise on production mix10 minutes
  • New Reading10 minutes
3 assignmentsTotal 90 minutes
  • Week 5 - Quiz 130 minutes
  • Week 5 - Quiz 230 minutes
  • Final Quiz30 minutes

Instructor

Instructor ratings
4.7 (327 ratings)
Politecnico di Milano
1 Course41,353 learners

Explore more from Finance

Why people choose Coursera for their career

👁 Image

Felipe M.

Learner since 2018
"To be able to take courses at my own pace and rhythm has been an amazing experience. I can learn whenever it fits my schedule and mood."
👁 Image

Jennifer J.

Learner since 2020
"I directly applied the concepts and skills I learned from my courses to an exciting new project at work."
👁 Image

Larry W.

Learner since 2021
"When I need courses on topics that my university doesn't offer, Coursera is one of the best places to go."
👁 Image

Chaitanya A.

"Learning isn't just about being better at your job: it's so much more than that. Coursera allows me to learn without limits."

Learner reviews

  • 5 stars

    75.63%

  • 4 stars

    18.07%

  • 3 stars

    3.88%

  • 2 stars

    1.20%

  • 1 star

    1.20%

Showing 3 of 747

AP
·

Reviewed on Jan 5, 2022

Thank you so much for the opportunity to improve my skills. I found the course to be very well presented and I really am motivated to do as many courses as I possibly can!Thank you once again x

JJ
·

Reviewed on Oct 27, 2020

This course was very much useful for my career and I came to know much about cost and financial accounting.The videos and the explanation were clearly explained .Thankyou mam.

MB
·

Reviewed on Feb 17, 2021

Excellent lectures and well prepared videos. Glad I could keep watching over and over to understand the same concept

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 purchase a Certificate you get access to all course materials, including graded assignments. Upon completing the course, your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile.

Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.

Financial aid available,