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In order for a manager to effectively perform their role they must have an understanding of accounting information, as accounting systems generate information that is used by both internal and external stakeholders. Having a good understanding of accounting allows managers to communicate with the finance department, bankers, suppliers and even tax authorities. In this course, you’ll learn how to read and understand financial statements.
Assessment
This course does not involve any written exams. Students need to answer 5 assignment questions to complete the course, the answers will be in the form of written work in pdf or word. Students can write the answers in their own time. Each answer needs to be 200 words (1 Page). Once the answers are submitted, the tutor will check and assess the work.
Certification
Edukite courses are free to study. To successfully complete a course you must submit all the assignment of the course as part of the assessment. Upon successful completion of a course, you can choose to make your achievement formal by obtaining your Certificate at a cost of £49. Having an Official Edukite Certification is a great way to celebrate and share your success. You can:
- Add the certificate to your CV or resume and brighten up your career
- Show it to prove your success
Course Credit: Indian Institute of Management Bangalore
Course Curriculum
| module: 1 | |||
| Quick Tour | 00:04:00 | ||
| Scenario | 00:05:00 | ||
| Introduction | 00:01:00 | ||
| Accounting Equation | 00:03:00 | ||
| Fundamental Accounting Terms | 00:06:00 | ||
| Recording Accounting Transactions-1 | 00:10:00 | ||
| Recording Accounting Transactions-2 | 00:07:00 | ||
| Financial Statements | 00:06:00 | ||
| Financial Accounting Regulations | 00:11:00 | ||
| Annual Report | 00:05:00 | ||
| Users of Financial Statements | 00:02:00 | ||
| Summary | 00:02:00 | ||
| Scenario | 00:05:00 | ||
| Introduction | 00:01:00 | ||
| module: 2 | |||
| Shareholders Fund-1 | 00:07:00 | ||
| Shareholders Fund-2 | 00:02:00 | ||
| Liabilities | 00:04:00 | ||
| Assets | 00:10:00 | ||
| Income Statement | 00:08:00 | ||
| Cash Flow Statement | 00:07:00 | ||
| Summary | 00:02:00 | ||
| Video | 00:06:00 | ||
| Introduction | 00:01:00 | ||
| Assessing Financial Health | 00:06:00 | ||
| Asset Management | 00:07:00 | ||
| Cost Management | 00:04:00 | ||
| Leverage Management | 00:09:00 | ||
| Tax Management | 00:04:00 | ||
| Risk Management | 00:07:00 | ||
| Benchmarking | 00:06:00 | ||
| Summary | 00:02:00 | ||
| Process Costing – A short video | 00:03:00 | ||
| Methods of Product Costing | 00:01:00 | ||
| Job Costing-1 | 00:06:00 | ||
| Job Costing-2 | 00:02:00 | ||
| Customer Costing | 00:06:00 | ||
| module: 3 | |||
| Process Costing-1 | 00:08:00 | ||
| Process Costing-2 | 00:09:00 | ||
| Method of Indirect cost allocation | 00:07:00 | ||
| Misallocation of Indirect Cost | 00:07:00 | ||
| Activity Based Costing | 00:07:00 | ||
| Classifiction of Activities -1 | 00:07:00 | ||
| Classification of Activities -2 | 00:03:00 | ||
| Week 4 – Role Play | 00:05:00 | ||
| Introduction | 00:01:00 | ||
| Absorption vs. Marginal Costing | 00:03:00 | ||
| Behavior of Cost | 00:09:00 | ||
| Behavior of Cost | 00:07:00 | ||
| Break-even Analysis | 00:05:00 | ||
| BEP Analysis in Multiproduct Situation | 00:06:00 | ||
| Pricing Decision | 00:07:00 | ||
| Make or Buy Decision | 00:06:00 | ||
| Discontinuing Product or Closing Down Division | 00:04:00 | ||
| Optimal Product Mix | 00:03:00 | ||
| Measuring Operating Risk -1 | 00:04:00 | ||
| Measuring Operating Risk -2 | 00:01:00 | ||
| Summary | 00:02:00 | ||
| Animated Role-play | 00:05:00 | ||
| Introduction – Planning | 00:01:00 | ||
| Strategic Planning and Budgets | 00:03:00 | ||
| module: 4 | |||
| Budgeting Process | 00:03:00 | ||
| Budgeting Process | 00:03:00 | ||
| Types of Budgets | 00:19:00 | ||
| Preparation of Budgets – Solution (1/5) | 00:15:00 | ||
| Preparation of Budgets – Solution (2/5) | 00:06:00 | ||
| Preparation of Budgets – Solution (3/5) | 00:15:00 | ||
| Preparation of Budgets – Solution (4/5) | 00:10:00 | ||
| Preparation of Budgets – Solution (5/5) | 00:07:00 | ||
| Overview | 00:02:00 | ||
| Introduction to Variance | 00:02:00 | ||
| Setting standards | 00:06:00 | ||
| Variance Analysis: General Framework | 00:06:00 | ||
| Variance Analysis: Labour Cost Variance | 00:03:00 | ||
| Material Mix and Yield Variance | 00:06:00 | ||
| Sales and Sales Mix Variance | 00:08:00 | ||
| Investigating Variance | 00:02:00 | ||
| Summary | 00:02:00 | ||
| Assessment | |||
| Submit Your Assignment | 00:00:00 | ||
| Certification | 00:00:00 | ||
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