Macquarie University
Management and financial accounting: Know your numbers 1

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Macquarie University

Management and financial accounting: Know your numbers 1

Dr John-Paul Monck

Instructor: Dr John-Paul Monck

15,625 already enrolled

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Gain insight into a topic and learn the fundamentals.
4.7

(301 reviews)

Beginner level
No prior experience required
13 hours to complete
3 weeks at 4 hours a week
Flexible schedule
Learn at your own pace
Gain insight into a topic and learn the fundamentals.
4.7

(301 reviews)

Beginner level
No prior experience required
13 hours to complete
3 weeks at 4 hours a week
Flexible schedule
Learn at your own pace

What you'll learn

  • Demonstrate an understanding of the development of financial statements

  • Investigate and analyse financial statements in practice

  • Apply financial ratios for purposes of understanding and synthesising business position and performance

  • Apply a range of management accounting techniques to generate and evaluate complex ideas and concepts to improve decision making

Details to know

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Assessments

12 assignments

Taught in English

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This course is part of the Analysing: Numeric and digital literacies Specialization
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There are 6 modules in this course

Welcome to the first week of Know Your Numbers 1. This week, we are going to take on the basics of two important topics in MBA programs: accounting and finance. Accounting is primarily concerned with the classification of financial values (expressed as assets, liabilities, and equity), while finance expands on this to consider the valuation of our assets and the way that we have funded them through debt or equity. As such, the two concepts are closely related, though their focal points differ somewhat.

What's included

5 videos1 reading2 assignments

Welcome to Week 2! This week, we are going to focus on some of the most useful ratios and measurements that are commonly used in business, so that you can take your skills in this area and apply them to the rest of your studies, and more importantly, your career and your life. These will serve as a starting point for looking into quantitative analysis for your own organisation as well as for considering the strategic choices available to competitors, or other firms in which you may have an interest.

What's included

5 videos1 reading2 assignments

During this week, we shift our focus from financial analysis and ratios to broader questions regarding the strategy of our organisation. The reason we do this is so that we have a first glance into what links exist between qualitative change and the downstream quantitative impacts that we can expect.

What's included

4 videos2 readings2 assignments

This week, we begin to explore the connection between strategy, tactics, operations, and the numbers that demonstrate the financial health of our organisation. The role of management accounting in this context is also drawn into the discussion here, as is the nature of our role as managers in having to interpret technical accounting analysis on one hand, and influence strategic change on another.

What's included

4 videos1 reading2 assignments

This week, we are shifting up a gear as we start to consider the use of financials to model the financial performance characteristics of an organisation into the future. we are getting our hands on some basic tools that will help us to build the frameworks and the fundamental techniques that will be used for financial projections, and even business valuation, in the future. This starts with a clear understanding of financial and cash flow performance, as we have explored in previous weeks.

What's included

3 videos1 reading2 assignments

As we conclude our first Know Your Numbers course, our focus shifts towards the application of concepts like agency theory, and some examples of where the pursuit of financial performance alone has led to the failure of an organisation. By exploring such failures in some detail, we are better equipped to avoid similar occurrences in the future, as well as to find ways to manage and govern organisations successfully with regard to a multitude of stakeholders.

What's included

4 videos1 reading2 assignments

Instructor

Instructor ratings
4.8 (85 ratings)
Dr John-Paul Monck
Macquarie University
1 Course15,625 learners

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