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Accounting and Finance for IT professionals

Approx. 8 hours to complete

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Course Summary

This course teaches the fundamentals of accounting and finance, including how to read financial statements, manage budgets, and make financial decisions. Students will learn from industry experts and gain practical skills in financial analysis and reporting.

Key Learning Points

Understand the basics of accounting and finance
Learn how to read and interpret financial statements
Gain practical skills in financial analysis and reporting

Learning Outcomes

Understand the basic principles of accounting and finance
Read and interpret financial statements
Analyze financial data and make informed decisions

Prerequisites or good to have knowledge before taking this course

No prior knowledge of accounting or finance required
Familiarity with Microsoft Excel recommended

Course Difficulty Level

Beginner

Course Format

Online
Self-paced
Video Lectures
Quizzes

Similar Courses

Financial Accounting Fundamentals
Corporate Finance Essentials
Financial Markets

Related Education Paths

Notable People in This Field

Warren Buffett
Suze Orman

Related Books

Description

This course presents an introduction to the basics of financial accounting and finance for IT professionals. The first part of the course will focus on understanding the most important financial statements, namely, the balance sheet, the income statement, and the statement of cash flows. We will then focus on how we can understand the financial health and performance of the company by examining a number of important financial ratios that are derived from the financial statements of the company. The second part of the course will focus on the basics of finance. This includes the concept of time value of money, discounting cash flows, and capital budgeting. The course will also introduce the idea of real options, how they affect a project’s NPV, and their impact of the decision to accept/reject a project. Lectures on concepts will be supplemented with numerical examples.

Outline

Basics of Financial Statements
Introduction and Courser Overview
Business Organizations
Role of Financial Manager
Introduction to Accounting
The Balance Sheet
Assets
Liabilities
Shareholders' Equity
Income Statement
Expenses 1
Expenses 2
Statement of Cash Flows
Cash Flows from Operations
Cash Flows from Investments and Financing
Prerequisites
10 Things to Know About Every Cash Flow Statement
Assessment

Financial Statement Analysis
Financial Statement Analysis
Profitability ratios
Activity Ratios
Solvency and Liquidity Ratios
DuPont Identity
What are the limitations of ratio analysis?
Practice Quiz (non graded)
Assessment

Time Value of Money
Time Value of Money
Ordinary Annuities
Effective Annual Rate (EAR)
Annuity Due
Perpetuities
Discount Rate
Diversification
Assessment
Practice Quiz (non graded)

Capital Budgeting
Net Present Value
Internal Rate of Return and Payback Period
Decide Between Two Projects
Drawbacks of Payback Period
Drawbacks of IRR and NPV
Free Cash Flows
Other Relevant Cash Flows
A Capital Budgeting Example
Sensitivity Analysis
Uncertainties in Projects
Resolving Uncertainties
Capital Budgeting example spreadsheet
Assessment

Summary of User Reviews

This accounting and finance course on Coursera has received positive reviews from learners. Many users appreciated the practical approach of the course and found it helpful for their career growth.

Key Aspect Users Liked About This Course

The practical approach of the course

Pros from User Reviews

Clear and concise explanations of accounting and finance concepts
Engaging course content with real-world examples
Flexible learning schedule and self-paced learning
Supportive community of learners and instructors
Good value for money

Cons from User Reviews

Limited interactivity with instructors
Some users found the course material too basic
Not suitable for advanced learners or professionals
No accreditation or certification offered
Limited job prospects after completing the course

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