Fundamentals of financial and management accounting
Learn to read financial statements and make informed business decisions using accounting principles.
Learn to read financial statements and make informed business decisions using accounting principles.
This introductory course covers both financial and management accounting fundamentals. Students will learn basic accounting principles, terminology, and how to read and analyze financial reports such as balance sheets, income statements, and cash flow statements. The course also introduces management accounting techniques like break-even analysis and Net Present Value (NPV) for decision-making. Through examples and case studies, participants will gain practical skills in understanding financial documents, analyzing costs, and evaluating capital investment decisions. By the end of the course, students will be able to interpret financial statements and apply basic techniques for cost analysis and investment appraisal.
4.7
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English
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What you'll learn
Understand basic accounting principles and terminology
Read and analyze financial statements including balance sheets, income statements, and cash flow statements
Classify and allocate costs using different methods such as Job Order Costing (JOC) and Activity-Based Costing (ABC)
Apply Net Present Value (NPV) calculations for long-term investment decisions
Perform break-even analysis and evaluate short-term business decisions
Differentiate between financial and management accounting practices
Skills you'll gain
This course includes:
5.37 Hours PreRecorded video
11 assignments
Access on Mobile, Tablet, Desktop
FullTime access
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There are 5 modules in this course
This course provides a comprehensive introduction to financial and management accounting principles. It is structured into five modules, each focusing on key aspects of accounting and financial decision-making. The first module introduces basic accounting concepts and the distinction between financial and management accounting. The second module delves into financial reports, covering balance sheets, income statements, and cash flow statements. The third module focuses on management accounting, including cost classification and allocation methods. The fourth and fifth modules address long-term and short-term decision-making respectively, introducing concepts such as Net Present Value (NPV) for investment appraisal and cost-volume-profit analysis for short-term decisions. Throughout the course, students engage with practical examples and exercises to reinforce their understanding of the concepts presented.
Week 1 - Introduction to accounting
Module 1 · 1 Hours to complete
Financial reports
Module 2 · 2 Hours to complete
Management accounting
Module 3 · 2 Hours to complete
Long-term decision making
Module 4 · 2 Hours to complete
Short term decision making
Module 5 · 3 Hours to complete
Fee Structure
Payment options
Financial Aid
Instructor
Lecturer and Researcher in Management and Organizations
Deborah Agostino is a lecturer in Management and Organizations at Politecnico di Milano, where she teaches B.Sc. courses in Computing Systems Engineering. Additionally, she lectures on Management Accounting and Control at MIP, the Business School of Politecnico di Milano, contributing to international MBA programs. After earning her B.Sc. in Management Engineering in 2006, she obtained a Master’s and a Ph.D. in Management Engineering from the same institution in 2008 and 2012, respectively. Her academic journey includes a notable experience as a visiting scholar at the Edinburgh Business School, focusing on accounting in both private and public sectors. Her research centers on management accounting and performance management within organizational networks, particularly in local public transport systems. Recently, she has ventured into studying accounting practices in the social media era, exploring how local administrations utilize social technologies to engage with citizens, with a keen emphasis on measurement challenges and the influence of social media on the management control cycle.
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4.7 course rating
727 ratings
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