Essentials of Finance & Accounting

Cox School of Business

Cox School of Business

Disclaimer

Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with any business school or university.

Full disclaimer.

Read more about Finance

Finance is an integral and most important component of any business, so everyone needs to improve their competence in this area. Finance courses will ...

Read more about Marketing

Marketing courses will plunge you into the vast field of marketing. In these courses, you will learn a variety of topics that cover each stage of runn...

Read more about Operations

Operations management has recently become a crucial part of any company's framework. This complex process focuses on reducing organizational expenses ...

Who should attend

  • Managers at all levels who work in non-financial area
  • Leaders in line for positions with more financial responsibility
  • Technical managers with profit/loss or budget responsibility
  • Anyone seeking a better understanding of basic finance and accounting

About the course

Register now for an understanding of finance and accounting with our Essentials program. This nine week online program will arm you with a basic understanding of the accounting and finance concepts you need to assess your performance—and the performance of your competitors.

This program will include one-year of access to abilitie's Fluent in Finance program, an online-only, 6-8 hour introductory-level course in business finance that combines the convenience and best practices of online delivery with rich, interactive media and business simulations.

Topics:

The topics presented during the course are focused in three areas - Financial Statement Analysis, Managerial Accounting and Finance, and will help you understand the fundamentals of finance and accounting, read and interpret balance sheets, income statements and cash flow statements, use accounting and financial information to evaluate the performance of your company and your competitors, make better business decisions, assess and select projects and investments using basic principles of finance, understand fixed costs, variable costs, break-even analysis and contribution margin, make a valuable contribution to your company’s financial decisions and much more.

Topics

Program topics include:

  • Fundamental accounting and finance concepts
  • An introduction to financial statements
  • Using accounting and financial data to evaluate performance
  • Using accounting and financial data to plan for the future
  • Using financial analysis to select projects and investments
  • Accounting data used for managerial decision making
  • The use of relevant cost analysis to improve decision making
  • Management control systems

Learn to read, interpret and analyze financial statements. Learn forecasting and financial-planning approaches to help you with the budgeting process. Get the basics of net present value (NPV) and capital budgeting techniques to apply when evaluating projects. Gain an understanding of the role of costs in corporate decision making, including cost-volume-profit relationships, the role of costs relevant for different decision scenarios, and the incentive effects of cost allocations and their interplay. Review performance evaluation techniques and their relationship to incentives. Ultimately, you’ll learn to use financial information to make better strategic business and investment decisions.

Schedule

Module 1 - Introduction

In this module, you will:

  • Be introduced to the "Fluent in Finance" online curriculum that is used as both as an aid in the prework, and as a supplemental information source for the entire program
  • Review the essential concepts of finance and accounting, including language used

*Module 2 - Manager’s Guide to Financial Statements *

In this module, you will:

  • Understand the role and importance of accounting or financial reporting in capital markets
  • Understand the core principles underlying financial reporting, as well as why these principles are important and how they affect information conveyed in financial statements
  • Learn about key financial statements: the balance sheet, the income statement, and the statement of cash flow statement, as well as what insights managers can learn from each
  • Perform "hands-on" analysis of how business transactions are recorded and then build financial statements from ground-up
  • Discuss limitations of financial statements and some techniques for overcoming them

Module 3 - Strategic Analysis of Financial Statements

In this module, you will:

  • Understand the link between strategy and financial statements
  • Develop a framework of strategic financial statement analysis
  • See an illustration of a wide range of ratios that allow us to assess operating, investing and financing decisions made by the management
  • Learn how to separate the impact of operating/investment decisions from financing decisions

Module 4 - Financial Analysis and Financial Planning

In this module, you will:

  • Be able to differentiate between earnings and cash flow, and understand why that is an important distinction
  • Link the various operational areas (collections, inventory management, growth, supplier relations) into an overall assessment of cash needs

Module 5 - Time Value of Money and Capital Budgeting

In this module, you will:

  • Understand the mechanics of compounding and discounting
  • Be able to solve a wide variety of Time Value of Money (TVM) problems, such as lump sums, annuities, and perpetuities
  • Be able to illustrate where value comes from and how to quantify the value implications of decisions
  • Compare and contrast different capital expenditure decision rules including NPV, IRR and payback period
  • Understand how to use the NPV rule to make value-maximizing decisions and avoid poor decisions brought about by common misuses of alternative decision rules

Module 6 - Nature of Costs, Cost Volume Profit Analysis and Relevant Cost Analysis

In this module, you will:

  • Review a quick review of basic cost concepts, including the differences between manufacturing and non-manufacturing; as well as average, marginal and total costs
  • Understand the different cost classifications, including fixed vs. variable; direct vs. indirect; and relevant costs, opportunity costs, and sunk costs
  • Analyze of cost behavior and cost-volume-profit relationships
  • Understand and calculate break-even point
  • Determine the importance of contribution margins in decision making
  • Understand operating leverage and its link to risk
  • Apply relevant costing principles to decisions involving special orders, add/drop a product or service, and product mix given constrained resources

*Module 7 - Cost Allocation and Activity Based Costing *

In this module, you will:

  • Discuss cost allocation theory and practice
  • Determine the implications of choosing a cost driver
  • Understand how traditional unit-level allocation bases to divide common costs can produce misleading product costs
  • Be able to articulate the concept of death spiral and its implication; as well as introduce the solution, Activity Based Costing (ABC)
  • Describe how a sophisticated costing model (ABC) influences decision-making

Module 8 - Fundamental Analysis of Financials Statement to Assess Risk and Earnings Quality

In this module, you will:

  • Learn how to conduct fundamental analysis of a company to assess its risk, growth prospects, quality of earnings etc.
  • Learn how might flexibility in accounting and managerial incentives influence information in financial statements
  • Learn how analysts and other capital market intermediaries unravel this biased reporting to assess earnings quality

Module 9 - Value Based Management

In this module, you will:

  • Understand the source of value and the interplay between a firm and the capital markets
  • Begin to familiarize yourself with core finance concepts including value maximization, cash flow, and the importance of market prices
  • Be able to broadly recognize the difference between earnings, cash flow and economic profit, and value
  • Begin to understand how margins and asset utilization impact performance, and the tradeoffs between the two

Experts

Gauri Bhat

Bio Gauri Bhat is an assistant professor of accounting.  Her research has been published in accounting journals and focuses on financial reporting by financial institutions, risk management disclosures, and the role of accounting in credit default swap markets.  She has taught financial statement...

Hemang Desai

Bio Hemang Desai’s research is interdisciplinary and is broadly focused in the area of capital markets based research in accounting and finance.  His research has addressed a wide range of topics such as analyzing the role of short sellers in capital markets, reputational consequences to managers...

James Linck

Bio Dr. James S. Linck (Jim) is the finance department chair, and also holds the distinguished chair in finance at the Southern Methodist University (SMU) Cox School of Business.  Prior to joining the Cox faculty, he was the BB&T scholar in the finance department at the University of Georgia'...

Videos and materials

Essentials of Finance & Accounting at Cox School of Business

This course has no confirmed dates in the future. Subscribe to be notified when it is offered.


Something went wrong. We're trying to fix this error.

Thank you

Someone from the Coursalytics team will be in touch with you soon.

Disclaimer

Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with any business school or university.

Full disclaimer.

Read more about Finance

During Finance courses, you will get acquainted with a huge number of financial analyst tools and learn how to work with them. So, you will learn how to make and analyze financial reporting, calculate the main financial indicators of the company and ...

Read more about Marketing

During Marketing courses, you will learn how to develop a business idea and create the right website to promote your product. You will gain the skills to analyze your business performance and make key decisions that improve the efficiency of your bus...

Read more about Operations

When it comes to operations control, whether you’re trying to optimize workflow or marketing and sales operations, you need to impact as many variables at once as possible in order to have a greater effect. However, it's not always that easy. How sho...

Because of COVID-19, many providers are cancelling or postponing in-person programs or providing online participation options.

We are happy to help you find a suitable online alternative.