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Fundamentals of financial and management accounting
  • Level Foundation
  • Duration 12 hours
  • Course by Politecnico di Milano
  • Offered by

About

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.

Modules

1 - Introduction to the enterprise

    • 3 Videos
    • 1 Assignment
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1 Assignment

  • Week 1 - Quiz 1

3 Videos

  • What is a company: shareholders and stakeholders
  • NPV Calculation
  • What is accounting

2 - Financial accounting

    • 2 Videos
    • 1 Assignment
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1 Assignment

  • Week 1 - Quiz 2

2 Videos

  • Introduction to financial accounting
  • Accrual and cash principles

1 - Balance Sheet

    • 5 Videos
    • 1 Assignment
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1 Assignment

  • Week 2 - Quiz 1

5 Videos

  • Balance sheet: general overview
  • Non current assets and depreciation
  • Example on recognition of non current assets
  • Inventories
  • Equity and liabilities

2 - Income statement and Cash flow statement

    • 4 Videos
    • 1 Readings
    • 1 Assignment
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1 Assignment

  • Week 2 - Quiz 2

4 Videos

  • Income statement: general overview
  • The impact of inventories on profit
  • Solution to the inventories exercise
  • Cash flow statement

1 Readings

  • Exercise on inventories

1 - Introduction to costs

    • 3 Videos
    • 1 Assignment
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1 Assignment

  • Week 3 - Quiz 1

3 Videos

  • What are costs
  • Costs classification
  • Costs configuration: direct vs full costs

2 - Cost assignment

    • 5 Videos
    • 2 Readings
    • 1 Assignment
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1 Assignment

  • Week 3 - Quiz 2

5 Videos

  • Cost tracing vs cost allocation
  • JOC
  • Solution to the JOC exercise
  • ABC
  • Solution to the ABC exercise

2 Readings

  • Exercise on JOC
  • Exercise on ABC

1 - Investment appraisal

    • 2 Videos
    • 1 Assignment
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1 Assignment

  • Week 4 - Quiz 1

2 Videos

  • What is an investment decision
  • Steps to investment appraisal

2 - NPV formula

    • 4 Videos
    • 1 Readings
    • 1 Assignment
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1 Assignment

  • Week 4 - Quiz 2

4 Videos

  • NPV method: general formula
  • NPV calculation: taxes
  • NPV calculation: external financing
  • Solution to the Investment appraisal exercise

1 Readings

  • New Reading

1 - Elements of Short-term decisions

    • 3 Videos
    • 1 Readings
    • 1 Assignment
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1 Assignment

  • Week 5 - Quiz 1

3 Videos

  • What are short-term decisions
  • Evaluating short-term decisions
  • Solution to the Contribution Margin exercise

1 Readings

  • Exercise on calculation of Contribution Margin

2 - Examples of short-term decisions

    • 6 Videos
    • 3 Readings
    • 1 Assignment
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1 Assignment

  • Week 5 - Quiz 2

6 Videos

  • Break even point
  • Solution to the Break Even Point exercise
  • Production mix
  • Solution to the Production Mix exercise
  • Evaluating alternatives
  • Solution to the alternatives evaluation exercise

3 Readings

  • Exercise on Break Even Point
  • Exercise on production mix
  • New Reading

Final Quiz

    • 1 Assignment
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1 Assignment

  • Final Quiz

Auto Summary

Explore the "Fundamentals of Financial and Management Accounting" course, designed for beginners in Business & Management. Taught by Coursera, this 720-minute course covers essential accounting principles, financial reports, and management accounting techniques like break-even analysis. With practical examples and case studies, learners will gain the skills to analyze financial documents and make informed business decisions. Available through Starter and Professional subscriptions, this foundational course is perfect for aspiring accountants and managers.

Deborah Agostino
Instructor

Deborah Agostino