About this Course
4.2
61 ratings
11 reviews
Specialization
100% online

100% online

Start instantly and learn at your own schedule.
Flexible deadlines

Flexible deadlines

Reset deadlines in accordance to your schedule.
Beginner Level

Beginner Level

Hours to complete

Approx. 21 hours to complete

Suggested: 4 weeks of study, 1-3 hours/week...
Available languages

English

Subtitles: English, Arabic...
Specialization
100% online

100% online

Start instantly and learn at your own schedule.
Flexible deadlines

Flexible deadlines

Reset deadlines in accordance to your schedule.
Beginner Level

Beginner Level

Hours to complete

Approx. 21 hours to complete

Suggested: 4 weeks of study, 1-3 hours/week...
Available languages

English

Subtitles: English, Arabic...

Syllabus - What you will learn from this course

Week
1
Hours to complete
2 hours to complete

Course Orientation

You will become familiar with the course, your classmates, and our learning environment. The orientation will also help you obtain the technical skills required for the course....
Reading
4 readings, 1 quiz
Reading4 readings
Syllabus15m
About the Discussion Forums10m
Updating Your Profile10m
Social Media10m
Quiz1 practice exercise
Orientation Quiz10m
Hours to complete
1 hour to complete

Module 1: Introduction to Business Decision Making

Any organization – no matter how large or small – is extremely complex. It is made up of processes, systems, products, and – perhaps most important – people. Why are people most important? Because they are the ones making decisions, guiding the firm towards success. Wondering what these decisions are and how they’re made? Join in on Module 1! ...
Reading
7 videos (Total 14 min), 2 readings, 3 quizzes
Video7 videos
1-1.2. Application and Extension3m
1-1.3. What We’ve Learnedm
1-2.1. Overview of Managerial Accounting2m
1-2.2. Decision-Making Roles of Managerial Accounting1m
1-2.3. Application and Extension1m
1-2.4. What We’ve Learnedm
Reading2 readings
Module 1 Overview10m
Module 1 Readings20m
Quiz3 practice exercises
Lesson 1-1 Practice Quiz4m
Lesson 1-2 Practice Quiz4m
Module 1 Conceptual Quiz15m
Week
2
Hours to complete
2 hours to complete

Module 2: Cost Concepts and Perspectives

Every decision – no matter how big or small – comes down to trading off benefits versus costs. Sounds simple, right? Potential benefits are often easy to envision, and even fun to think about. Costs – a bit less fun – but isn’t it just the price you pay? Not quite. As you’ll see in Module 2, nothing is as simple as it seems!...
Reading
9 videos (Total 40 min), 2 readings, 3 quizzes
Video9 videos
2-1.2. Application and Extension2m
2-1.3. What We’ve Learnedm
2-2.1. Importance of Organizing Cost Information2m
2-2.2. Organizing Costs by Product8m
2-2.3. Further Refinements7m
2-2.4. Organizing Costs by Behavior8m
2-2.5. Application and Extension6m
2-2.6. What We’ve Learned1m
Reading2 readings
Module 2 Overview10m
Module 2 Readings30m
Quiz3 practice exercises
Lesson 2-1 Practice Quiz6m
Lesson 2-2 Practice Quiz6m
Module 2 Conceptual Quiz30m
Week
3
Hours to complete
5 hours to complete

Module 3: Managing Products and Profitability

Making decisions can be quite daunting. You need to be able to make predictions about the consequences of your actions so that you can make the best decision. Where do you start? Crystal balls are in short supply. So, how about the next best thing? Jump into Module 3 to learn about cost-volume-profit analysis! ...
Reading
8 videos (Total 31 min), 2 readings, 5 quizzes
Video8 videos
3-1.2. Defining and Using Cost-Volume-Profit Analysis4m
3-1.3. Application and Extension6m
3-1.4. What We’ve Learnedm
3-2.1. Interpreting CVP Analysis6m
3-2.2. Limitations of CVP Analysis2m
3-2.3. Application and Extension5m
3-2.4. What We’ve Learnedm
Reading2 readings
Module 3 Overview10m
Module 3 Readings40m
Quiz4 practice exercises
Lesson 3-1 Practice Quiz6m
Lesson 3-2 Practice Quiz6m
Module 3 Conceptual Quiz30m
Module 3 Quantitative Analysis Quiz30m
Week
4
Hours to complete
5 hours to complete

Module 4: Managing Operations and Sales

Owners, managers, and employees often run into two obstacles when making decisions: (1) not enough of the information they need, and (2) too much of the information they don’t need. Surprisingly, the second problem is often harder to overcome than the first, especially in today’s information-rich environment. How do accountants help managers solve this problem? Jump into Module 4 to find out!...
Reading
9 videos (Total 50 min), 2 readings, 5 quizzes
Video9 videos
4-1.2. Creating and Using Relevant Information3m
4-1.3. Application – Make or Buy?11m
4-1.4. Application – Manage Product Lines9m
4-1.5. What We’ve Learnedm
4-2.1. Identify Common Sales Decisions2m
4-2.2. Application – Special Orders9m
4-2.3. Application – Sell Now, or Process Further?8m
4-2.4. What We’ve Learnedm
Reading2 readings
Module 4 Overview10m
Module 4 Readings40m
Quiz4 practice exercises
Lesson 4-1 Practice Quiz6m
Lesson 4-2 Practice Quiz6m
Module 4 Conceptual Quiz30m
Module 4 Quantitative Analysis Quiz30m
4.2
11 ReviewsChevron Right

Top Reviews

By DKJun 27th 2018

This is very useful course to learn Business decision

Instructor

Avatar

Gary Hecht, Ph.D.

Associate Professor of Accountancy
Department of Accountancy, College of Business

About University of Illinois at Urbana-Champaign

The University of Illinois at Urbana-Champaign is a world leader in research, teaching and public engagement, distinguished by the breadth of its programs, broad academic excellence, and internationally renowned faculty and alumni. Illinois serves the world by creating knowledge, preparing students for lives of impact, and finding solutions to critical societal needs. ...

About the Fundamentals of Accounting Specialization

Accounting is the “language of business.” Being able to understand this language allows individuals both inside and outside of an organization to join the “conversation” about how the organization is performing and how it can improve future performance. Financial accounting focuses on the reports that managers generate to provide interested external parties a summary of the firm’s financial position and operations. Managerial accounting focuses on the information and the analytical tools and techniques that help managers and employees make the right business decisions. In this Specialization, you will learn the fundamentals of both of these purposes of accounting. More specifically, you will understand the financial statements that managers create, and be able to interpret and analyze these statements to assess the financial position of the organization. You will also identify and understand the nature, purpose, and importance of different types of decision-useful accounting information, and use analytical tools and techniques to use this information to make business decisions. Via the capstone, you will apply these fundamentals via the lens of a new business, creating a business plan, forecasts and budgets, and anticipated information needs for decisions made by you as owner and manager, your employees, and external parties such as future shareholders, creditors, and other constituents....
Fundamentals of Accounting

Frequently Asked Questions

  • Once you enroll for a Certificate, you’ll have access to all videos, quizzes, and programming assignments (if applicable). Peer review assignments can only be submitted and reviewed once your session has begun. If you choose to explore the course without purchasing, you may not be able to access certain assignments.

  • When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.

More questions? Visit the Learner Help Center.