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Accounting for Business Decision Making: Strategy Assessment and Control

Approx. 16 hours to complete

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Course Summary

This course teaches you how to assess businesses based on their financial statements and key performance indicators. You will learn how to identify risks and opportunities for businesses, and make informed decisions as an investor or entrepreneur.

Key Learning Points

Learn how to analyze financial statements and key performance indicators
Identify business risks and opportunities
Make informed decisions as an investor or entrepreneur

Job Positions & Salaries of people who have taken this course might have

Financial Analyst
- USA: $65,000
- India: ₹6,50,000
- Spain: €35,000
Investment Manager
- USA: $100,000
- India: ₹10,00,000
- Spain: €60,000
Entrepreneur
- USA: N/A
- India: N/A
- Spain: N/A

Learning Outcomes

Ability to analyze financial statements and key performance indicators
Ability to identify business risks and opportunities
Ability to make informed decisions as an investor or entrepreneur

Prerequisites or good to have knowledge before taking this course

Basic knowledge of accounting principles
Familiarity with Excel spreadsheets

Course Difficulty Level

Intermediate

Course Format

Online Course
Self-paced
Video Lectures
Assignments
Quizzes

Similar Courses

Financial Analysis and Decision Making
Corporate Finance Essentials
Investment Management

Related Education Paths

Notable People in This Field

Warren Buffett
Peter Lynch

Related Books

Description

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. Upon successful completion of this course, you will be able to: • 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. 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.

Outline

Course Orientation
Syllabus
About the Discussion Forums
Updating Your Profile
Orientation Quiz

Module 1: Managing Capacity
1-1.1. Defining and Measuring Capacity
1-1.2. Implications of Capacity Measurement
1-1.3. Application and Extension
1-1.4. What We’ve Learned
1-2.1. Identifying Constraints
1-2.2. Managing Constraints
1-2.3. Application and Extension
1-2.4. What We’ve Learned
Module 1 Overview
Module 1 Readings
Lesson 1-1 Practice Quiz
Lesson 1-2 Practice Quiz
Module 1 Conceptual Quiz
Module 1 Quantitative Analysis Quiz

Module 2: Managing Pricing
2-1.1. Pricing Fundamentals
2-1.2. Pricing Mechanisms
2-1.3. Application and Extension
2-1.4. What We’ve Learned
2-2.1. Decentralization and Reporting
2-2.2. Transfer Pricing Approaches
2-2.3. Application and Extension
2-2.4. What We’ve Learned
Module 2 Overview
Module 2 Readings
Lesson 2-1 Practice Quiz
Lesson 2-2 Practice Quiz
Module 2 Conceptual Quiz
Module 2 Quantitative Analysis Quiz

Module 3: Planning and Monitoring Operations
3-1.1. Budgeting in Organizations
3-1.2. Types of Budgets
3-1.3. Application and Extension
3-1.4. What We’ve Learned
3-2.1. Standards and Variance Analysis
3-2.2. Variance Analysis Concepts and Framework
3-2.3. Application and Extension
3-2.4. What We’ve Learned
Module 3 Overview
Module 3 Readings
Lesson 3-1 Practice Quiz
Lesson 3-2 Practice Quiz
Module 3 Conceptual Quiz
Module 3 Quantitative Analysis Quiz

Module 4: Managing Organizational Strategy
4-1.1. Defining Strategy
4-1.2. Measure Attributes and Qualities
4-1.3. Financial Measures
4-1.4. What We’ve Learned
4-2.1. Non-financial Measures
4-2.2. Purpose of Strategic Performance Measurement Systems
4-2.3. The Balanced Scorecard
4-2.4. What We’ve Learned
Gies Online Programs
Module 4 Overview
Module 4 Readings
Congratulations!
Lesson 4-1 Practice Quiz
Lesson 4-2 Practice Quiz
Module 4 Conceptual Quiz

Summary of User Reviews

The Business Assessment course on Coursera has received positive reviews from users. Many users found the course to be informative and well-structured, providing valuable insights into the business world. The course has an overall positive rating from users, who appreciated the following aspects:

Key Aspect Users Liked About This Course

The course provides valuable insights into the business world

Pros from User Reviews

Well-structured and informative course
High-quality content and materials
Engaging and interactive learning experience
Great instructors with practical experience
Useful for both beginners and experienced professionals

Cons from User Reviews

Some users found the course material to be too basic
Occasional technical glitches and issues with the platform
Limited opportunities for interaction with instructors and peers
Some users felt that the course was too theoretical and lacked practical applications
Not all topics covered in-depth

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