Accounting for Business Decision Making
Learn how to analyze financial statements, manage costs, create budgets, and evaluate business performance to drive strategic decision-making.
Learn how to analyze financial statements, manage costs, create budgets, and evaluate business performance to drive strategic decision-making.
This comprehensive course equips managers with essential accounting knowledge for effective business decision-making. Students learn to read and interpret financial statements, understand key accounting principles, and analyze business performance through four fundamental profitability drivers. The course covers crucial topics including financial statement analysis, cost management, budgeting, and variance analysis. Participants develop practical skills in product costing, break-even analysis, and budgetary control. This knowledge enables managers to confidently handle accounting matters and communicate effectively with finance departments, stakeholders, and authorities.
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What you'll learn
Develop proficiency in reading and analyzing financial statements
Master financial statement analysis using ratio analysis and profitability drivers
Learn to use accounting information for business planning and control
Gain expertise in product costing and break-even analysis
Master budgeting techniques and variance analysis
Understand cost behavior and its impact on decision making
Skills you'll gain
This course includes:
PreRecorded video
Graded assignments, exams
Access on Mobile, Tablet, Desktop
Limited Access access
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There are 6 modules in this course
This course provides a comprehensive understanding of accounting principles and their application in business decision-making. Students learn to interpret and analyze financial statements, understand cost management techniques, and develop budgeting skills. The curriculum covers essential topics including financial statement analysis, profitability drivers, product costing, break-even analysis, and budgetary control. Through practical examples and exercises, participants develop the ability to use accounting information for effective business planning and control. The course emphasizes both theoretical knowledge and practical application, preparing managers to handle financial aspects of business operations confidently.
Mechanics of Financial Accounting
Module 1
Reading Financial Statements
Module 2
Financial Statement Analysis
Module 3
Product Costing
Module 4
Cost Analysis for Decision Making
Module 5
Budgeting and variance analysis
Module 6
Fee Structure
Instructor
12 Courses
Distinguished Finance and Accounting Expert at IIM Bangalore
Professor M.S. Narasimhan is a faculty member at the Indian Institute of Management Bangalore (IIMB), specializing in Management Accounting, Corporate Finance, and Capital Markets. His academic contributions span both teaching and research in these areas. Narasimhan teaches courses on Management Accounting, Financial Accounting, Corporate Finance, and Investments at IIMB. As a member of the Institute of Cost and Works Accountants of India, he brings professional expertise to his academic role. Narasimhan's research interests are evident in his study on Corporate Disclosure Practices in India, sponsored under the FIRE project, demonstrating his engagement with contemporary issues in financial reporting. His work has been widely disseminated through publications in national and international journals and financial newspapers. Beyond the classroom, Narasimhan has been involved in various consulting projects, including studies on cash management, organizational structure, costing systems, and risk management for diverse organizations. His expertise and contributions to the field were recognized with a Best Research Paper award at the annual convention of AIMS held in Pune. Narasimhan's blend of academic knowledge and practical insights makes him a valuable asset in finance and accounting education at IIMB.
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4 course rating
27 ratings
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