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Accounting for Business Decision Making: Measurement and Operational Decisions

Approx. 16 hours to complete

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Course Summary

This course provides an introduction to business accounting, covering key concepts such as financial statements, balance sheets, and cash flow management. You'll learn how to analyze and interpret financial data to make informed business decisions.

Key Learning Points

Understand the basics of financial accounting and bookkeeping
Learn how to read and interpret financial statements
Discover how to analyze financial data to make informed business decisions

Learning Outcomes

Understand the basics of business accounting
Be able to read and interpret financial statements
Learn how to analyze financial data to make informed business decisions

Prerequisites or good to have knowledge before taking this course

No prior knowledge of accounting is required
Basic math skills

Course Difficulty Level

Beginner

Course Format

Online self-paced course
Video lectures
Quizzes and assignments

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Dave Ramsey
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Description

Accounting information is the lifeblood of the organization as it facilitates and influences operational and strategic decisions intended to achieve organizational goals. Organizations benefit from three decision-oriented roles of accounting: measurement, control, and communication.

This course provides an introduction to accounting’s measurement role inside of an organization and how accountants communicate information that helps managers and employees make operational decisions. In particular, you will learn how cost information is created and organized to help managers and employees conduct profitability analyses, develop and choose products, make pricing decisions, and make common business decisions. Upon successful completion of this course, you will be able to: • Identify the nature, purpose, and importance of different types of decision-useful accounting information. • Create, organize, and communicate cost information to best suit common operational decisions. • Use accounting information to manage products, control costs, and leverage other drivers of operational success. If you enjoy this business course and are interested in an MBA, consider applying to the iMBA, a flexible, fully-accredited online MBA at an incredibly competitive price offered by the University of Illinois. For more information, please see the Resource page in this course and onlinemba.illinois.edu.

Outline

Course Orientation
Syllabus
About the Discussion Forums
Updating Your Profile
Orientation Quiz

Module 1: Introduction to Business Decision Making
1-1.1. Overview of Business Decisions
1-1.2. Application and Extension
1-1.3. What We’ve Learned
1-2.1. Overview of Managerial Accounting
1-2.2. Decision-Making Roles of Managerial Accounting
1-2.3. Application and Extension
1-2.4. What We’ve Learned
Module 1 Overview
Module 1 Readings
Lesson 1-1 Practice Quiz
Lesson 1-2 Practice Quiz
Module 1 Conceptual Quiz

Module 2: Cost Concepts and Perspectives
2-1.1. Defining Costs
2-1.2. Application and Extension
2-1.3. What We’ve Learned
2-2.1. Importance of Organizing Cost Information
2-2.2. Organizing Costs by Product
2-2.3. Further Refinements
2-2.4. Organizing Costs by Behavior
2-2.5. Application and Extension
2-2.6. What We’ve Learned
Module 2 Overview
Module 2 Readings
Lesson 2-1 Practice Quiz
Lesson 2-2 Practice Quiz
Module 2 Conceptual Quiz

Module 3: Managing Products and Profitability
3-1.1. Measuring Profitability According to Cost Behavior
3-1.2. Defining and Using Cost-Volume-Profit Analysis
3-1.3. Application and Extension
3-1.4. What We’ve Learned
3-2.1. Interpreting CVP Analysis
3-2.2. Limitations of CVP Analysis
3-2.3. Application and Extension
3-2.4. What We’ve Learned
Module 3 Overview
Module 3 Readings
Lesson 3-1 Practice Quiz
Lesson 3-2 Practice Quiz
Module 3 Conceptual Quiz
Module 3 Quantitative Analysis Quiz

Module 4: Managing Operations and Sales
4-1.1. Identify Common Operations-Based Decisions
4-1.2. Creating and Using Relevant Information
4-1.3. Application – Make or Buy?
4-1.4. Application – Manage Product Lines
4-1.5. What We’ve Learned
4-2.1. Identify Common Sales Decisions
4-2.2. Application – Special Orders
4-2.3. Application – Sell Now, or Process Further?
4-2.4. What We’ve Learned
Gies Online Programs
Module 4 Overview
Module 4 Readings
Congratulations!
Lesson 4-1 Practice Quiz
Lesson 4-2 Practice Quiz
Module 4 Conceptual Quiz
Module 4 Quantitative Analysis Quiz

Summary of User Reviews

Learn business accounting with Coursera. This course has received positive reviews from users, who have praised its comprehensive content, practical approach, and engaging instructors.

Key Aspect Users Liked About This Course

The course has been praised for its practical and real-world approach to accounting.

Pros from User Reviews

Comprehensive content that covers all the important aspects of business accounting.
Engaging instructors who make the course interesting and easy to follow.
Practical approach that helps users apply accounting concepts to real-world scenarios.
Provides a solid foundation for further study in accounting or related fields.

Cons from User Reviews

Some users have reported technical issues with the platform or course materials.
The course can be challenging for beginners or those without prior accounting experience.
Some users have found the course to be too basic or not challenging enough.
The course may not be suitable for those looking for a more theoretical or academic approach to accounting.

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