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Fundamentals of financial and management accounting

Politecnico di Milano via Polimi OPEN KNOWLEDGE

students interested
  • Provider Polimi OPEN KNOWLEDGE
  • Subject Accounting
  • $ Cost Free Online Course
  • Session In progress
  • Language English
  • Start Date
  • Duration 5 weeks long

Taken this course? Share your experience with other students. Write review

Overview

Learn how to read and analyze financial statements and understand basic techniques to manage costs and capital investment decisions.

This is an introductory course on financial and management accounting. How many times have you heard of net profit, operating profit, operating margin, cash, earning and so on? But are they referring to the same concepts or are they different things?

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.

PREREQUISITES

No prerequisite knowledge is required. It is particularly recommended for students with little background in financial and managerial accounting.

Taught by

Jelle Zeilstra

Reviews for Polimi OPEN KNOWLEDGE's Fundamentals of financial and management accounting
4.3 Based on 6 reviews

  • 5 stars 50%
  • 4 stars 33%
  • 3 star 17%
  • 2 star 0%
  • 1 star 0%

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  • 1
Anonymous
5.0 8 months ago
Anonymous completed this course.
Congratulations. The course content is excellent! There are many contents and interconnected in order to favor student learning. I hope they have more courses like these. It would be a good course in marketing.
Was this review helpful to you? Yes
Hossam M
4.0 8 months ago
by Hossam completed this course.
I found the course very informative and useful indeed. However, some specific parts are not easy to follow for absolute beginners. Also the accounting field itseld is quite confusing due to different approaches and standards.
Was this review helpful to you? Yes
Anonymous
4.0 8 months ago
Anonymous completed this course.
The course is very interested and by this course I improved my knowledge a lot .It helps me to gain some practical knowledge how to make financial statements of a company.
Was this review helpful to you? Yes
Anonymous
5.0 8 months ago
Anonymous completed this course.
the explanations are crystal clear. The subject is made easy to understand also to those who have never had a financial and accounting course before
Was this review helpful to you? Yes
Anonymous
5.0 8 months ago
Anonymous completed this course.
Its very good for students who have no basics or who come from a different stream. For all those I would definitely prefer MOOC

Was this review helpful to you? Yes
Maria A
3.0 3 years ago
by Maria is taking this course right now.
2 people found
this review helpful
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