Instructor - Joy Chan

This is a 10 hour course and costs $175

This course aims to provide a broad overview of the role and function of accounting in today’s international business environment.

Course Summary

Learn to review and extract data from financial statements in order to assess the financial viability of any business. In this course, Joy Chan, an accountant with previous experience at KPMG, will show you how to critically evaluate and analyze the 3 key financial statements (balance sheet, income statement and cash flow statement) and understand the inter-relationships between the statements. In the process, you will understand how assets, liabilities, income and expenses and cash flows are classified according to accounting conventions and principles. You will also identify the different cost components and use the different costing methods to accurately determine the full cost of a product or a service. In sum, you will understand concepts and budgeting to better manage projects and improve business decision making. The presentations draw upon extensive real-life illustrations and scenarios to ensure that the concepts and models are interesting, relevant and challenging.

How do I take this course?

This course delivers 10 hours of video lecture presentations on key topics in accounting intended for business managers. You can download and print a copy of the presentation slides, and make notes as you follow along. To make it easier to absorb the material, each hour is divided into short segments, of about 15 minutes each. You can watch as many, or as few segments each day, or each week, in your own time. Each segment is followed by a short quiz to help you review, and test yourself about what you have learned. There is also a dedicated chat room for this course, so you can talk, get help, and just be social as you journey through business management and accounting with others online.

Do I get a Certificate of Completion?

Yes. On completion of this course, you will be able to print a Certificate of Completion showing the overall average that you achieved in all of the quizzes. You may be able to take this to your university or college to ask for transfer credits, or to your professional association to see if you can be awarded continuing education credits.

The course begins with an introduction to the core concepts and principles of Accounting, as well as explores the differences between Management and Financial Accounting.
Begins with an overview of the 3 key financial statements and key information conveyed in each of them. Explore the Balance sheet in greater depth, and understand the nature of assets and claims of a business.
Income statements report the financial performance of a firm over a period of time. Understand how profit is measured, and revenue and various expenses are calculated and recognized.
It is often said that “cash is king” and there could not be more truth in this for the smooth and efficient operations of a firm. Learn the different classifications of cash flows and the direct and indirect method of calculating cash flows and preparing the cash flow statement.
The financial statements should be analyzed in the context of each other, and inter-firm comparisons and benchmarking are facilitated with the use of financial ratios. Joy Chan will guide you through the 5 steps of financial analysis as well as the calculation and interpretation of financial ratios.
The financial statements should be analyzed in the context of each other, and inter-firm comparisons and benchmarking are facilitated with the use of financial ratios. Joy Chan will guide you through the 5 steps of financial analysis as well as the calculation and interpretation of financial ratios.
Costing and Cost-volume-profit analysis are key aspects of management accounting. Learn about the different types of costs, contributions margins and their interaction with volume and profit in determining the break-even point for a product or service.
How do I know if I am costing a product or service correctly? Let Joy Chan provide some guidance on the various cost management systems that are used in the industry.
Budgeting helps managers plan and control their operations. Explore the different types of budgets and learn how to analyze budget variances so as to identify areas of concern with the firm.
This lecture introduces the various types of corporate decision making that managers confront in their daily operations – from accepting special orders to outsourcing decisions or closing unprofitable operations. Understand how to evaluate these choices in order to improve corporate decision-making.

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