University of Illinois at Urbana-Champaign
Financial Analysis of Scenarios and Decisions
University of Illinois at Urbana-Champaign

Financial Analysis of Scenarios and Decisions

This course is part of Financial Analysis - Skills for Success Specialization

Taught in English

Some content may not be translated

7,843 already enrolled

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Course

Gain insight into a topic and learn the fundamentals

4.8

(33 reviews)

Beginner level

Recommended experience

17 hours (approximately)
Flexible schedule
Learn at your own pace

Details to know

Shareable certificate

Add to your LinkedIn profile

Assessments

21 quizzes

Course

Gain insight into a topic and learn the fundamentals

4.8

(33 reviews)

Beginner level

Recommended experience

17 hours (approximately)
Flexible schedule
Learn at your own pace

See how employees at top companies are mastering in-demand skills

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Build your subject-matter expertise

This course is part of the Financial Analysis - Skills for Success Specialization
When you enroll in this course, you'll also be enrolled in this Specialization.
  • Learn new concepts from industry experts
  • Gain a foundational understanding of a subject or tool
  • Develop job-relevant skills with hands-on projects
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There are 4 modules in this course

In this module, you will become familiar with the course, your instructor, your classmates, and our learning environment. Then, you will be introduced to Managerial Accounting and Costing Concepts. Next, you will explore cost-volume-profit (CVP) analysis. CVP analysis is a tool that managers can use to better understand the answers to "what-if" questions in order to make better decisions for their companies. You will also explore the nature and role of relevant information in common business decisions, two key related concepts, and how to avoid common decision-making "pitfalls."

What's included

17 videos6 readings9 quizzes1 discussion prompt

At the heart of an organization’s planning and control function is its budget. In this module, you will explore the purpose of budgeting, the role of managers and employees in budgeting, and related implications. You will also develop an organization’s budget, ultimately understanding the iterative nature among the budget’s key components.

What's included

12 videos2 readings4 quizzes

After establishing goals, setting targets, and the budget, upper management uses variance analysis to compare, assess, and investigate differences between actual and expected performance. In this module, you will learn how upper management uses variance analysis to motivate and monitor managers and employees, how to perform variance analysis on any aspect of the organization, and ultimately understand the power of this important tool for planning and control.

What's included

10 videos2 readings5 quizzes

Accountants help implement, communicate, and evolve organizational strategy via the information they provide to owners, managers, and employees. Specifically, they help plan, monitor, and control decisions via the performance measurement, evaluation, and compensation system. In this module, you will explore many aspects of this important system, including decentralization, financial and non-financial performance measurement, strategic performance measurement systems, and subjective performance evaluation.

What's included

10 videos2 readings3 quizzes

Instructor

Instructor ratings
4.7 (8 ratings)
Gies College of Business, University of Illinois
University of Illinois at Urbana-Champaign
22 Courses105,258 learners

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4.8

33 reviews

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4

Reviewed on Apr 9, 2023

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Reviewed on Mar 1, 2024

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