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.

What You’ll Learn:

  • Read and understand financial statements
  • Financial statement analysis
  • How to use accounting information to plan and control your business and make decisions

Syllabus:

Skip Syllabus

Week 1: Mechanics of Financial Accounting
Introduction to financial accounting; Generally Accepted Accounting Principles; fundamental accounting equation; recording of financial transactions and preparation of accounting statements through accounting equation.Week 2: Reading Financial Statements
Reading and understanding balance sheet, income statement and cash flow statement; Familiarizing all accounting terms that normally appear in financial statements.Week 3: Financial Statement Analysis
Ratio analysis; Understanding relationship between four profitability drivers; Assessing financial health through credit scoring model.Week 4: Product Costing
Preparation of Cost Sheet in manufacturing and service industry; Job and process costing; Activity-based costing.Week 5: Cost Analysis for Decision Making
Behaviour of costs; Break-even analysis; Relevant costing approach for different decision making scenarios.Week 6: Budgeting and variance analysis
Preparation of operational and financial budgets; Comparing actual performance against budgets; Price and quantity variance; Controllable and non-controllable variance; Revenue and contribution variances.

Meet Your Instructor:

MS Narasimhan

Professor MS Narasimhan teaches courses on Management Accounting, Financial Accounting, Corporate Finance and Investments. His areas of interest include Management Accounting, Corporate Finance and Capital Markets. He is a member of the Institute of Cost and Works Accountants of India. He has also completed a study on Corporate Disclosure Practices in India, sponsored under the FIRE project. He has published several articles and research studies in national and international journals and financial newspapers.

Who can take this course?

Unfortunately, learners from one or more of the following countries or regions will not be able to register for this course: Iran, Cuba and the Crimea region of Ukraine. While edX has sought licenses from the U.S. Office of Foreign Assets Control (OFAC) to offer our courses to learners in these countries and regions, the licenses we have received are not broad enough to allow us to offer this course in all locations. edX truly regrets that U.S. sanctions prevent us from offering all of our courses to everyone, no matter where they live.

About This Course:

While big data infiltrates all walks of life, most firms have not changed sufficiently to meet the challenges that come with it. In this course, you will learn how to develop a big data strategy, transform your business model and your organization.

This course will enable professionals to take their organization and their own career to the next level, regardless of their background and position.

Professionals will learn how to be in charge of big data instead of being subject to it. In particular, they will become familiar with tools to:

  • assess their current situation regarding potential big data-induced changes of a disruptive nature,
  • identify their options for successfully integrating big data in their strategy, business model and organization, or if not possible, how to exit quickly with as little loss as possible, and
  • strengthen their own position and that of their organization in our digitalized knowledge economy

The course will build on the concepts of product life cycles, the business model canvas, organizational theory and digitalized management jobs (such as Chief Digital Officer or Chief Informatics Officer) to help you find the best way to deal with and benefit from big data induced changes.

During the course, your most pressing questions will be answered in our feedback videos with the lecturer. In the assignments of the course, you will choose a sector and a stakeholder. For this, you will develop your own strategy and business model. This will help you identify the appropriate organizational structure and potential contributions and positions for yourself.
 

What You’ll Learn:

  • Identify the stakeholders and characteristics of your sector in the era of big data
  • Identify potential big data induced changes in strategy, business model, organization and job descriptions
  • Substantially change existing strategy, business model, organization or adopt new ones as required
  • Find and develop strategically important tasks for yourself in your organization

 

Syllabus:

Week 1:

1. Challenges and Opportunities of big data

1.1 Big data in the digitalized knowledge economy

1.2 Are firms ready for big data?

1.3 The machine learning revolution

Week 2:

2. Stakeholders and Sectors

2.1 Stakeholders: Private or public goals

2.2 Sectors: Disruptive or incremental changes induced by big data

2.3 Assignment Part A

Week 3:

3. Big data upending strategy and innovation

3.1 Conventional wisdom on strategy and innovation

3.2 Wisdom considering the disruptive power of big data

3.3 Assignment Part B

Week 4:

4. Transforming building blocks of the business model canvas

4.1 What does big data mean for the different building blocks of the business model canvas?

4.2 Examples

4.3 Assignment Part C

Week 5:

5. Transforming the organization: CIO, CDO or CEO in the lead?

5.1 What does big data mean for the organization of your company?

5.2 Who leads the way?

5.3 Examples

5.4 Assignment Part D

Week 6:

6. Wrapping up

6.1 Ready for big data

6.2 Feedback

Meet Your Instructors:

Marijn Janssen

Marijn Janssen is full professor in ICT & governance and chair of the Information and Communication Technology section of the Technology, Policy and Management Faculty of TU Delft. His research interests are in the field of orchestration, governance, shared services, intermediaries, open data and infrastructures within constellations of public and private organizations. Marijn was recently designated as the top researcher in the area of eGovernance, and has been recognized as such several times in the last decade.
Claudia Werker

Claudia Werker

Claudia Werker is an associate professor in Economics of Technology and Innovation at the Department Technology, Policy and Management at Delft University of Technology. She is also visiting professor at the Research Area Technology, Innovation, Marketing and Entrepreneurship (TIME) at RWTH Aachen University. She has been teaching Bachelor, Master and PhD students in the field of Economics of Innovation and Technology. Claudia Werker received her PhD-degree in Economics (Dr. rer. pol.) from Freiberg University of Technology, Germany (summa cum laude). Starting with her PhD thesis she has been studying the creation and dissemination of innovation and knowledge in innovation systems. Currently, her recent research focuses on management of technology and innovation, the economic effects of big data and design for values.

Scott Cunningham

Scott Cunningham joined the faculty in 2004. Prior to joining TU Delft, he worked in the computer and software industry, creating analytical models for commercial clients. His work on national innovation indicators helps inform policy for the governments of the U.S., the U.K. and Malaysia. Scott Cunningham is interested in operations research and decision sciences approaches for policy making. In particular, he is interested in probabilistic models of social exchange. Other interests include building multi-actor systems theory through the economic sociology and innovation policy literatures. A recent publication is Tech Mining (with Alan Porter), a book on assessing new technology developments.

About this course

In this course, you will gain an understanding of time-honored financial concepts and rules, and how these can be applied to value firms, bonds, and stocks.

We will cover the time value of money, cost of capital and capital budgeting. You will be using Excel for many process including valuing bonds and stocks, computing NPV and finding IRR.

An introductory finance course that is required for all first-year MBA students at Columbia Business School, the course is taught by a world-class instructor, actively training the next generation of market leaders on Wall Street.

Participants from all backgrounds will be prepared to participate on the ever-evolving financial playing field.

What you’ll learn

  • How to value any asset
  • Decide which projects to take out of the many a corporation might be considering
  • Compute the return on any project
  • Compute the value that a project adds
  • Value a bond and compute its yield
  • Value a stock using a simple model (i.e., determine the fair price of a stock)

Syllabus

Week 1: The Time Value of Money & Present Value
Week 2: Net Present Value & The Internal Rate of Return Rule
Week 3: Capital Budgeting
Week 4: Valuation of Bonds and Stocks

Meet your instructor

Daniel Wolfenzon

Daniel Wolfenzon is the Stefan H. Robock Professor of Finance and Economics at Columbia Business School. He received a Masters and a PhD in economics from Harvard University and holds a BS in economics and a BS in mechanical engineering from MIT. He is also a Faculty Research Fellow at the National Bureau of Economic Research. Areas of Research: His research interests are in corporate finance and organizational economics. He has studied control sharing in small firms, the effects of investor protection on ownership concentration, and the structure of business groups around the world. His most recent research focuses on family firms. He has examined the consequences of family succession on firm performance and also the importance of managerial talent in family controlled firms.

About this course

Keen to learn about recording and summarising financial transactions? Want to look at financial statements and understand the numbers you are seeing? Start learning today with this Financial Accounting course, where you’ll be wowed with the comprehensive lessons taking you on a journey from double entry bookkeeping right through to preparing and interpreting a set of financial statements.

Financial Accounting is an important branch to the finance function of abusiness, without it the financial health and prospects of a business would not be determinable. This course delves deeper into the recording, processing, reporting and summarising of business transactions and events.

This course is especially beneficial if you want to:

  • Equip yourself with the knowledge to undertake a role working as a junior within a financial accounting department
  • Launch your own business and need an understanding of financial accounting
  • Prepare for the ACCA’s exam in Financial Accounting (FA)

There is no prior knowledge required. Start learning today and accelerate your business and finance acumen.

To check availability of this course in your country please click here.

This course does not offer an edX certificate.

Those learners who would like to earn an award will have the opportunity to register with ACCA as a student, take computer based exams and gain the ACCA Diploma in Accounting and Business.

You can find your nearest ACCA exam centre on the ACCA website.

What you’ll learn

  • Context and purpose of financial reporting
  • Qualitative characteristics of financial information
  • Use of double-entry and accounting systems
  • How to record transactions and events
  • How to prepare a trial balance (including identifying and correcting errors)
  • How to prepare basic financial statements for incorporated and unincorporated entities
  • How to interpret and prepare simple consolidated financial statements

Meet your instructors

James Patrick

Head of Professional Education at ACCA

Fiona Murray

Programme Manager at ACCA

Krutika Adatia

Digital Learning Lead at ACCA

Isobel Wroath

Digital Community Manager at ACCA

Learner testimonials

“The courses gave me confidence in my accounting knowledge.”

Bree from the United States

“Studying with ACCA-X gave me confidence and knowledge. I got 95% in my FFA exam. And in less than one year, I had retrained and got the financial and management accounting job I wanted.”

Vanessa Lavoipierre, from South Africa and the UK

“The courses gave me confidence in my accounting knowledge.”

Bree from the United States

“Studying with ACCA-X gave me confidence and knowledge. I got 95% in my FFA exam. And in less than one year, I had retrained and got the financial and management accounting job I wanted.”

Vanessa Lavoipierre, from South Africa and the UK

About This Course:

Demand is a simple yet challenging concept that is essential to understanding how markets function. In this economics course, you will gain a solid understanding of demand, its underlying principles, major determinants and how they are beneficial for individuals, decision makers inside the firm, and policy makers.

During your time in this course, you will discover how managers can better understand the impact of pricing changes on units sold, revenue and the relationship between products in order to inform strategic planning. You will learn how many programs and policies are designed to change how individuals and businesses interact in the market and you will gain the tools to identify them. Models of consumer choice and demand will guide you in thinking about how individual incentives change and what the likely impact will be of those changes.

All people respond to changing market conditions, but the type and magnitude of those responses can be better understood through the economic model of consumer demand. You will learn how business strategy can benefit from a strong appreciation of elasticity, determinants of demand and how consumers make decisions.

What You’ll Learn:

  • Why demand is a negative relationship between price and quantity
  • How to identify market changes that will impact demand
  • How to define the price elasticity of demand
  • The relationship between price elasticity of demand and changing market conditions

Meet Your Instructor:

John Korsak

John Korsak received his BA in Economics and Philosophy from Boston College, his MA and PhD in Economics from Clark University. Korsak has worked as a comptroller in political campaigns and as a product marketing manager for an internet software company. He has been a featured speaker at Comnet, worked on a project to provide an online economics class for the Commonwealth of Virginia and has been a recurring panelist at the Colleges of the Fenway teach-in on global climate change. His fields of interest are poverty research, behavioral economics and statistical measurement. He has taught classes on Microeconomics, Macroeconomics, Game Theory, Statistics, Probability and the Economics of Everyday Life.

What you’ll learn

  • The major areas in FinTech, includingMoney and Payment,Digital Finance and Alternative Finance
  • Major technological trends, including cryptocurrencies, Blockchain, AI and Big Data
  • FinTech Regulation and RegTech
  • The fundamental role of Data and Security in data-driven finance
  • Business and regulatory implications of technology for the financial industry
  • How regulations and RegTech are applied
  • Ways to analyse and evaluate what is driving technology innovation in Finance
  • How new technology impacts economies, markets, companies, and individuals

Meet your instructors

Douglas Arner

Douglas W. Arner is the Kerry Holdings Professor in Law at the University of Hong Kong and Project Coordinator of a major five-year project funded by the Hong Kong Research Grants Council Theme-based Research Scheme on “Enhancing Hong Kong’s Future as a Leading International Financial Centre”. In addition, he is Director of the HKU LLM in Compliance and Regulation, and a Senior Visiting Fellow of Melbourne Law School, University of Melbourne. Douglas is a member of the Hong Kong Financial Services Development Council and an Executive Committee Member of the Asia Pacific Structured Finance Association. Douglas has served as a consultant with, among others, the World Bank, Asian Development Bank, APEC, European Bank for Reconstruction and Development, Islamic Financial Services Board and Development Bank of Southern Africa. He has lectured, co-organised conferences and seminars and been involved with financial sector reform projects in over 20 economies in Africa, Asia and Europe. He has been a visiting professor or fellow at Duke University, the Hong Kong Institute for Monetary Research, the Interdisciplinary Centre – Herzliya, McGill University, Melbourne University, National University of Singapore, University of New South Wales, Shanghai University of Finance and Economics, and Zurich University, among others. Douglas served as Head of the Department of Law of the University of Hong Kong from 2011 to 2014 and from 2006 to 2011 he was the Director of the Faculty’s Asian Institute of International Financial Law, which he co-founded in 1999 along with the LLM in Corporate and Financial Law (of which he serves as Director). He was Co-Director of the Duke University-HKU Asia-America Institute in Transnational Law from 2005 to 2016 and a member of the International Advisory Board of the Australian Centre for International Finance and Regulation from 2010-2016. In 2007, he received HKU’s Outstanding Young Researcher Award and served as Convenor of HKU’s Law, Policy and Development Strategic Research Theme from 2008-2012. Before joining HKU in 2000, he was the Sir John Lubbock Support Fund Fellow at the Centre for Commercial Law Studies, Queen Mary College, University of London.

Janos Barberis

Janos Barberis has an established track record in the FinTech industry (32nd Most Powerfull Dealmaker, Institutional Investor) and Academia (13th legal scholar in world, SSRN) and is driven to deliver actionable foresight. His area of focus on FinTech Regulation and RegTech Developments and emerging trends. Academically, he developed the world's leading research which is directly used by regulators for policy design. Professionally, he has founded SuperCharger, Asia's leading FinTech accelerator sponsored by Tier 1 clients and strong of an alumni network of 26 companies, which have raised in excess of US$370million. Finally, he co-edited, The FinTech Book, a global bestseller, covering 60 experts with over 20,000 copies distributed in 106 countries and 6 languages and is due to release three more titles in Q1 of 2018, including the world's first book on RegTech. In last 3 years, he has completed over 100 keynotes (i.e. SIBOS), private client workshops (i.e Natixis), professional training (i.e. CFA), regulators consultations (i.e. ADB) and online lectures (i.e. HKU). His work is regularly cited by the media (i.e. Forbes), industry (i.e. E&Y) or governments (i.e. FSB). He holds several board appointments (i.e. WEF, SFC) has published over a dozen academic article and is published in 5 books.

Huy Nguyen Trieu

Huy Nguyen Trieu is co-founder of the Centre for Finance, Technology and Entrepreneurship. He is also the CEO of The Disruptive Group – a business builder and advisory firm in innovation and finance. Prior to The Disruptive Group, Huy was a Managing Director at Citi, and previously at RBS and SG. Before banking, he was the CEO of Ukibi, a VC-funded startup in the US. He is a frequent keynote speaker in Europe and Asia, likes to teach and share with students and entrepreneurs, and is regularly quoted in articles on innovation and finance. He writes the blog Disruptive Finance, is a Fintech Fellow at the Centre for Global Finance and Technology at Imperial College, an Entrepreneurship Expert at Oxford Said Entrepreneurship Centre. He is also a member of ESMA’s Consultative Working Group for financial innovation and a founding member of the Asian SuperCharger, one of the largest Fintech accelerators in Asia.

Ross Buckley

Ross Buckley is King & Wood Mallesons Professor of International Finance Law, and a Scientia Professor, at UNSW Sydney, and Series Co-Editor of the Global Trade Law Series and International Banking and Finance Law Series, of Wolters Kluwer of The Hague. His research focus is FinTech, RegTech and blockchain and the enabling regulation of digital financial services in developing countries. He consults regularly to the Asian Development Bank, and has consulted to government departments in Australia, Indonesia, Vietnam and the U.S. He has been twice a Fulbright Scholar, and frequently a half-bright scholar.

About this course

This course is part of the Healthcare Administration MicroMasters program which consists of 7 courses and a capstone exam. After completing the program, you can also apply to Doane University to complete your MBA online for approximately $10,500 (learn more about the program here).

In order to be a leader/administrator in the healthcare industry, you must have a basic understanding of healthcare finance, risk, legal and regulatory issues in order to navigate and change the system. Managing risk is one of the primary responsibilities of a leader. This requires a basic understanding of the financial health and regulatory constraints one operates within to anticipate and address changing dynamics.

This course will focus on healthcare economics and finance to help you articulate new approaches to managing costs and improving access, quality and safety. You will learn how to assess the fiscal status of a healthcare organization. Strategic planning, marketing, quality assurance and risk management initiatives for healthcare organizations will also be explored.

What you’ll learn

  • How to evaluate the relevance of economics in all aspects of healthcare.
  • How to analyze economic concepts and models as they apply to healthcare.
  • How to identify the diverse aspects of healthcare financing.
  • How to assess economic problems in order to develop and implement economic policy.
  • How to evaluate the economic advantages and policy options of healthcare market reform.

Prerequisites

  • Bachelor’s degree or
  • Minimum 5 years work experience in a healthcare related field
  • Basic understanding of economics and finance

Who can take this course?

Unfortunately, learners from one or more of the following countries or regions will not be able to register for this course: Iran, Cuba and the Crimea region of Ukraine. While edX has sought licenses from the U.S. Office of Foreign Assets Control (OFAC) to offer our courses to learners in these countries and regions, the licenses we have received are not broad enough to allow us to offer this course in all locations. EdX truly regrets that U.S. sanctions prevent us from offering all of our courses to everyone, no matter where they live.

Meet Your Instructor

Jody Woodworth - Pearson Advance

Jody Woodworth

PhD at Doane University Dr. Jody Woodworth attended the University of Nebraska Medical Center and graduated with an Associate and later a Bachelor’s degree in Nuclear Medicine Technology. She worked for nine years as a Lead Nuclear Cardiac Technologist. She continued her education with a new career focus and earned a Master’s Degree in Economics from the University of Nebraska at Omaha and worked as a Project Analysts applying her knowledge in economics and management. She graduated with her Ph.D. from the University of Nebraska, Lincoln in 2009 in Higher Education Administration. For the past 18 years she works in higher education as a professor and administrator.

About this course

This economics and finance course is an introductory survey of risk management concepts and techniques. Learners will review the role of risk regulation in financial markets, and learn how to identify and describe the various types of financial risk and their sources.

Upon completion of this course, participants will receive a certificate bearing the New York Institute of Finance (NYIF) name. A NYIF certificate is a valuable addition to your credentials, proving that you have acquired the work-ready skills that employer’s value.

For those who wish to go further, students can enroll in the other four modules to earn the complete Risk Management Professional Certificate, backed by the New York Institute of Finance’s 93-year history. As a final option, students may also opt to sit for the NYIF Certificate of Mastery Exam, resulting in the Risk Management Certificate of Mastery upon successful completion.

What you’ll learn

  • Differentiate between financial risks and business risks.
  • Identify and describe the various types of financial risk and their sources.
  • Identity the real-world violations of the ‘standard model’ assumptions that make risk management value enhancing to the firm.
  • Differentiate between risk measurement and risk management.
  • Describe systemic risk as a negative externality.
  • Describe the US regulatory structure.

 

Prerequisites

  • Basic MS Excel skills
  • Basic probability and statistics

Meet Your Instructors

Anton Theunissen

Anton has twelve years of financial services experience and more than 10 years of academic experience, teaching finance, economics and mathematics to graduate and undergraduate students. His research interests include the effects of securitization and rational default behavior on mortgage credit extension.

About this course

This course begins with an understanding of the various ways a project can originate and then dives deep into the concept of feasibility studies. You’ll review a few financing models and then look at the participants in a project finance deal and understand their motivations.

You’ll learn about lenders, who are one of the most important participants in any deal, and get familiarized with their areas of concerns.

This course is part of the New York Institute of Finance’s popular Project Finance and the Public Private Partnership Professional Certificate program.

What you’ll learn

  • Recognize how certain business needs and objectives can be efficiently satisfied with a particular type of project structure.
  • Identify the role of various project participants in constructing financial models.
  • List key design features and required projections of robust and credible financial models.
  • Recognize the concerns of different types of lenders during each project phase.
  • Identify the different hedging products available for managing common project risks in developed and emerging markets.
  • Lesson 1: The Beginning of Project Finance
  • Lesson 2: Feasibility Study
  • Lesson 3: Financing Models
  • Lesson 4: Participants and Motivations
  • Lesson 5: Lenders
  • Lesson 6: Hedging of Risks

Meet Your Instructor

Jeff Hooke - Pearson Advance

Jeff Hooke

Jeff is a New York Institute of Finance faculty member with over 30 years of corporate valuation, investment banking and private equity experience. He has been an instructor at the New York Institute of Finance since 2005 where he has designed and delivered courses in M&A and related finance topics. Jeff holds a MBA from Wharton School and a B.S. from University of Science. He was a former private investment executive at Emerging Markets Partnership and a former investment banker at two major Wall Street firms, Lehman Brothers and Schroder Wertheim. Presently, Jeff is the managing director at FOCUS and the author of four books on valuation, investment and finance.
 

About this course

The Alaska Oil Pipeline is one example of a massive public private partnership. Learn how project finance principles and concepts are used in this deal and others, as well as how the legal and operating environment and customer segments impact these partnerships.

In addition to the Alaska Oil Pipeline, we’ll review other major PPPs including Eurotunnel, San Roque Hydroelectric Dam, Euro Disneyland, Albania Cell Phone, and Emirates Aluminum. You’ll also learn about the lender checklist and go over a case study in the United States before wrapping up this course.

This course is part of the New York Institute of Finance’s popular Project Finance and the Public Private Partnerships Professional Certificate program.

 

What you’ll learn

  • Recognize the different ways to classify projects by deal structure and customer type.
  • Recognize the distinct legal and operating environments that determine project structures in different countries.
  • Identify the key operational and contractual risks that affect a project’s financial feasibility.
  • Recognize the safeguards that go into a Lender’s checklist for the financing of a project.

Prerequisites

Knowledge of corporate finance and basic credit analysis.

 

Meet Your Instructors

Jeff Hooke - Pearson Advance

Jeff Hooke

Jeff is a New York Institute of Finance faculty member with over 30 years of corporate valuation, investment banking and private equity experience. He has been an instructor at the New York Institute of Finance since 2005 where he has designed and delivered courses in M&A and related finance topics. Jeff holds a MBA from Wharton School and a B.S. from University of Science. He was a former private investment executive at Emerging Markets Partnership and a former investment banker at two major Wall Street firms, Lehman Brothers and Schroder Wertheim. Presently, Jeff is the managing director at FOCUS and the author of four books on valuation, investment and finance.