Accounting for Decision-Making

About this Course

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.

Created by: Indian Institute of Management Bangalore

Level: Intermediate


Related Online Courses

This course will benefit individuals who are passionate about social justice and creating social impact with a view to transforming the lives of the underserved. From social entrepreneurs, to those... more
Sabemos que la cadena de suministro afronta interrupciones debido a los diferentes eventos a los que se encuentra expuesta desde crisis globales por desastres naturales hasta colapsos financieros,... more
This is a program on entrepreneurship, by entrepreneurs, for everyone. It gives students the Silicon Valley insiders’ view of startups, as its lecturers and guest speakers share their extensive e... more
Marketing now is less about the Product or Service and more about the value it creates for the Customers. Ergo, it is imperative for Financial Services’ professionals to move from transaction m... more
En este curso en línea descubrirás cómo incrementar tus ventas con el poder del marketing digital y el uso correcto de la nueva plataforma de Google Ads (plataforma de publicidad digital pr... more

CONTINUE SEARCH

FOLLOW COLLEGE PARENT CENTRAL