Accounting for Decision-Making

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9/10 stars
based on  15 reviews
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Cost FREE , Add a Verified Certificate for $150
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Course Details

Cost

FREE,
Add a Verified Certificate for $150

Upcoming Schedule

  • In Session

Course Provider

edX online courses
Harvard University, the Massachusetts Institute of Technology, and the University of California, Berkeley, are just some of the schools that you have at your fingertips with edX. Through massive open online courses (MOOCs) from the world's best universities, you can develop your knowledge in literature, math, history, food and nutrition, and more. These online classes are taught by highly-regarded experts in the field. If you take a class on computer science through Harvard, you may be tau...
Harvard University, the Massachusetts Institute of Technology, and the University of California, Berkeley, are just some of the schools that you have at your fingertips with edX. Through massive open online courses (MOOCs) from the world's best universities, you can develop your knowledge in literature, math, history, food and nutrition, and more. These online classes are taught by highly-regarded experts in the field. If you take a class on computer science through Harvard, you may be taught by David J. Malan, a senior lecturer on computer science at Harvard University for the School of Engineering and Applied Sciences. But there's not just one professor - you have access to the entire teaching staff, allowing you to receive feedback on assignments straight from the experts. Pursue a Verified Certificate to document your achievements and use your coursework for job and school applications, promotions, and more. EdX also works with top universities to conduct research, allowing them to learn more about learning. Using their findings, edX is able to provide students with the best and most effective courses, constantly enhancing the student experience.

Provider Subject Specialization
Sciences & Technology
Business & Management
22042 reviews

Course Description

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 finance course, you will learn how to read and understand financial statements. You will learn all relevant and important terms as they relate to the three financial statements - balance sheet, income statement and cash flow statement. Subsequently, you will develop the capability to analyze business performance through financial statements. You will see how the performance of any organization is impacted by four fundamental drivers of profitability - asset management, cost management, leverage management and tax management.

In the second part of the course, you...

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 finance course, you will learn how to read and understand financial statements. You will learn all relevant and important terms as they relate to the three financial statements - balance sheet, income statement and cash flow statement. Subsequently, you will develop the capability to analyze business performance through financial statements. You will see how the performance of any organization is impacted by four fundamental drivers of profitability - asset management, cost management, leverage management and tax management.

In the second part of the course, you will learn how to manage costs. We will cover product costing, budgeting , budgetary control and cost analysis for decision making.

Successfully completing this course will transform you into a manager who is confident while discussing and handling accounting and financial matters in the workplace, and help you as you move forward in your managerial career and take on senior roles.

Accounting for Decision-Making course image
Reviews 9/10 stars
15 Reviews for Accounting for Decision-Making

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Rankings are based on a provider's overall CourseTalk score, which takes into account both average rating and number of ratings. Stars round to the nearest half.

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Nikhil Saini profile image
Nikhil Saini profile image

Nikhil Saini

10/10 starsCompleted
2 years ago
Hi, I would like to thanks professor who made accounting very simple to understand. The course is very helpful to those, who don't have accounting exposure or first time managers. The best part was webinars and real world case study was taken. It shows how accounting play a important role in decision making and how it impacts business. The content were well structured and narrated and some time it feels that you are in classroom in front of professor. Thanks again to professor and supporting staff. Regards Nikhil Saini
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10/10 starsCompleted
  • 1 review
  • 1 completed
2 years, 1 month ago
This course is a well planned and nicely structured in such a way that even a learner of non-accounting background can easily understand all modules and apply the learning in his/her professional life. The beauty of this course is the style of teaching of Prof. M S Narasimhan Sir. The way he has taught the various topics will be an unforgettable experience. My heartiest thanks to him and all other team members specially Prabhu and Aarthi who have supported all of us at every step throughout this course.
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Aviral Singh profile image
Aviral Singh profile image

Aviral Singh

10/10 starsCompleted
2 years, 1 month ago
The course content is well planned.It is framed keeping in mind that the learner be it from any background could easily understand the core concepts of basic accounting and budgeting.The course instructor MS Narsimhan sir does a full justice to the course,loved his teaching style.He was very precise and well experienced.
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Student

10/10 starsCompleted
2 years, 1 month ago
I agree with what others have said. Simple course and you get what you want to learn in accounting. Improved my confidence. Introductory animated videos are good and set the context and create interest. Excel Template for financial analysis is a boon - makes life so simple. I could analyze few companies and find it insightful. Discussion forum is engaging and instructor is prompt and answered all questions. A few responses in the discussion forum are more insightful. Every week, one case was discussed in live (webex) and they are very engaging and provide deeper understanding. The instructor's commitment during the course period is highly commendable. Thanks Prof. Narasimhan for this wonderful and most useful course. Frankly, when I started the course, I thought online course may not work for me. But I changed my view completely and seeing the potential of online learning. Edx and IIMB are doing a great service. Strongl... I agree with what others have said. Simple course and you get what you want to learn in accounting. Improved my confidence. Introductory animated videos are good and set the context and create interest. Excel Template for financial analysis is a boon - makes life so simple. I could analyze few companies and find it insightful. Discussion forum is engaging and instructor is prompt and answered all questions. A few responses in the discussion forum are more insightful. Every week, one case was discussed in live (webex) and they are very engaging and provide deeper understanding. The instructor's commitment during the course period is highly commendable. Thanks Prof. Narasimhan for this wonderful and most useful course. Frankly, when I started the course, I thought online course may not work for me. But I changed my view completely and seeing the potential of online learning. Edx and IIMB are doing a great service. Strongly recommending the course to anyone who is interested in getting a working knowledge in accounting. Course is bit lengthy because two topics are covered. Commitment is important to complete the course.
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 profile image

10/10 starsCompleted
  • 1 review
  • 1 completed
2 years, 1 month ago
Very easy to follow structure and encouraging format which makes you want to complete the course. The instructor was exceptional and make the course extremely interactive. The flow is slightly fast considering the content is squeezed into 6 weeks, but still very effective. I would recommend the course to everyone interested in the subject.
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Student

10/10 starsTaking Now
2 years, 1 month ago
Very good course. Dupont analysis for me was amazing because you can analize your expenditures and prepare for your strategic planning. Teacher, I tried to buy your e-book at amazon.com.br (brazilian branch of amazon) but is not available Best Regards
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Saju Devassy profile image
Saju Devassy profile image
8/10 starsTaking Now
  • 1 review
  • 0 completed
2 years, 1 month ago
The course indeed was a reminder of what i dont know in Accounting though i have never been an accountant and being a Project / Program Manager, the amount of information available that was not used during the execution of the project. Prof. Narasimham was great in explanation of he concepts of the subject, however when it went into the Excel data upload and working i could not follow the stream because i used to go hunting around for the data and by the time i had found it, the discussion moved ahead, towards the end, i started loosing track and could not complete the Chapter / Weekly grades. Edx has been very stringent and they are not willing to give an additional 2-3 hours to help me completed, irrespective of you being a Paid / Free Student. I feel the subject should be flexible for Non-Accounting based students or for first time accounting. the course however provide lots of information on Accounting which used effectively ... The course indeed was a reminder of what i dont know in Accounting though i have never been an accountant and being a Project / Program Manager, the amount of information available that was not used during the execution of the project. Prof. Narasimham was great in explanation of he concepts of the subject, however when it went into the Excel data upload and working i could not follow the stream because i used to go hunting around for the data and by the time i had found it, the discussion moved ahead, towards the end, i started loosing track and could not complete the Chapter / Weekly grades. Edx has been very stringent and they are not willing to give an additional 2-3 hours to help me completed, irrespective of you being a Paid / Free Student. I feel the subject should be flexible for Non-Accounting based students or for first time accounting. the course however provide lots of information on Accounting which used effectively can help the Project Managers / Program Managers in the daily execution of projects and their budgets. I am trying to implement them one by one
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Student

8/10 starsCompleted
2 years, 1 month ago
The course has been great in providing insights on accounting concepts. I come from a totally non-accounting background but today i can say that i do not belong to that section any more. Proff Narasimhan and his team has been very helpful in explaining the concepts and conducting webinars. We did face few teething issues initially during webinar but it was soon sorted out. One piece of advice is once the assignment deadline is over, they can give detailed solutions for the problems. Solutions that not only include answers but also the thorough explanation for arriving at the results. Other than that it has been a smooth ride. Thanks to all the people who made it convenient for us.
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Myo Min Swe profile image
Myo Min Swe profile image

Myo Min Swe

10/10 starsTaking Now
2 years, 1 month ago
Professor Mr. Narasimhan is a very good teacher. I satisfied his teaching so much. We can see that he is a very professional guy in his subject while we learning his course. The lecture such as video files, subscriptions, and questions can give clear understanding to the students. This is a very useful course for me. I trust that I will get more confident after I have completely finished the course. But I have not completed the course, I will continue to learn in the next section. Thank you very much to Mr. Narasimhan! Myo Min Swe
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Student

10/10 starsCompleted
2 years, 1 month ago
Firstly, I’m from a completely non-accounting background. I have been a teacher for many years and very recently joined my husband in managing his manufacturing business. For the last 7 weeks I’ve been absorbed by the course “Accounting for Decision-Making.” Professor Narasimhan and the team have put in commendable commitment and effort in putting this course together – its comprehensive structure, the clear lectures, the very helpful graded and non-graded quizzes, lively webinars and the very prompt responses to questions and discussions. I feel so very privileged and thankful for this opportunity! Thank you. I did the course on Audit, yet put in many hours of work every week. I have found some of the contents very challenging and have yet to make sense of some. But As Prof Narasimhan said, I have learnt much and have surprised others and myself with my confidence and comfort in communicating in the language of Accountin... Firstly, I’m from a completely non-accounting background. I have been a teacher for many years and very recently joined my husband in managing his manufacturing business. For the last 7 weeks I’ve been absorbed by the course “Accounting for Decision-Making.” Professor Narasimhan and the team have put in commendable commitment and effort in putting this course together – its comprehensive structure, the clear lectures, the very helpful graded and non-graded quizzes, lively webinars and the very prompt responses to questions and discussions. I feel so very privileged and thankful for this opportunity! Thank you. I did the course on Audit, yet put in many hours of work every week. I have found some of the contents very challenging and have yet to make sense of some. But As Prof Narasimhan said, I have learnt much and have surprised others and myself with my confidence and comfort in communicating in the language of Accounting. I strongly recommend the course to anyone who is interested in Accounting and is willing to learn. Best wishes.
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Bijoy Babu profile image
Bijoy Babu profile image
10/10 starsTaking Now
  • 1 review
  • 0 completed
2 years, 1 month ago
The course was challenging and well structured. The course has added lot of knowledge that I can use in my professional and personal decision making including budgeting and investment decisions...
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Student

10/10 starsTaking Now
2 years, 1 month ago
Its an excellent module and the way it is taught is too good. I being a CA, found it very useful since it has more of practical things than theory and will be useful in everyday decision making. The instructor has tried to do best to each student. Hats off
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Satish Vijayan profile image
Satish Vijayan profile image

Satish Vijayan

8/10 starsCompleted
2 years, 1 month ago
It was one of the best course on accounting attended. Got a clear and deep understanding of various accounting concepts. The best thing about this course is the simplicity in which complex accounting theories are explained. A must for some one who wants to know accounting in an easy way!
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ahmed taha profile image
ahmed taha profile image

ahmed taha

10/10 starsTaking Now
2 years, 2 months ago
IT IS GOOD.I want to help the community through charitable work and literacy in the community with my family and help me in finding jobs in my community that offers them little jobs Alchris and this will help me a lot
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Student profile image

Student

10/10 starsTaking Now
2 years, 3 months ago
The course coverage is very rich. I did the previous course of the instructor on Management Accounting and like it. Professor followed the same and simple, down-to-earth style in the week 1 of the current course on Accounting for Decision Making. He taught accounting without debit and credit and it is amazing. The week is just on the dot and examples are something that we can follow easily. It just need a common sense to follow his lecture. I also attended the live online case discussion on Saturday. Again the case was simple and interesting and the analysis give me a feeling that i am in IIMB classroom. He responded most of the questions of those who attended the live webex session. So far so good and look forward more. Practice questions and graded questions are good but bit tough. With bit more effort and reading, I could manage to get good marks. Nothing comes free and easy.
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