Financial Accounting and Analysis
Offered By: Southern New Hampshire University via edX
Course Description
Overview
Financial accounting and business analysis are growing fields that explore the various methodologies utilizing internal and external data to improve decision-making within an organization. Expertise in financial accounting and business analysis allows organizations to assess the data they have and the data they need to understand the health and future of the organization. Individuals with experience in these fields can better plan for the future by leveraging financial data, business management and prepare for future automation in many fields.
The SNHUx Financial Accounting and Analysis MicroBachelors provides the foundational skills necessary for a career in business, accounting and data analysis, including knowledge and assessment of financial statements to help businesses with their long-term goals and success. You’ll finish this program with the ability to prepare financial statements, analyze financial information and to effectively communicate relevant information to stakeholders.
This program is designed for individuals interested in leveraging data to support business decisions, regardless of prior experience. Whether you have experience working in accounting in your current role or are interested in the ever-expanding field of business analysis, this program provides the foundational skills necessary for your success.
Syllabus
Course 1: Financial Accounting Fundamentals
Learn the steps and procedures of the accounting cycle in accordance with industry rules and regulations. Develop skills needed to understand and analyze financial accounting information and communicate information to stakeholders.
Course 2: Critical Business Skills
Effectively analyzing and communicating important information is a crucial skill set required for success in any organization. By applying business research skills and data analysis, you’ll address complex problems in order to make informed business decisions. You’ll also explore various techniques and forms of professional communications and their uses in business contexts.
Courses
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In this course, you’ll gain core, critical business skills needed for success in any organization through analyzing various types of data and communicating the results of their analyses to diverse stakeholders.
Business analytics, which combines data analysis with industry knowledge to solve business problems and discover insights, is integrated throughout the course to ensure you’re able to support stakeholders at all levels of an organization. This course also involves formulating appropriate research questions and developing compelling narratives with visualizations in order to support leaders to make better decisions and companies to gain a competitive advantage.
After taking this course, you’ll be able to use information from industry and scholarly sources to inform problem-solving and decision-making by:
- Identifying different methodologies for solving a business problem
- Applying industry standards to inform decision-making
- Utilizing industry frameworks to identify and solve emerging problems
You’ll also be adept at interpreting qualitative and quantitative data to answer business questions by:
- Creating data visualization to support informed decision-making
- Testing hypotheses to find the best method of addressing complex business questions
This course will also help you to develop the skill sets needed in order to communicate effectively with diverse internal and external audiences by understanding communication strategies, best practices and the impact of inclusive language in business settings.
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Every business has a story. Accounting tells the financial story of a business. How much profit does the company make? Can the company afford to grow or pay its employees more? What are its assets and liabilities? Is the company in good credit or an investment risk? These types of questions can be answered through the use and understanding of the stories that financial statements tell.
In this course, you will explore standard business activities and follow them through to the financial statement phase to determine how those activities then contribute to the company’s profits. After taking this class, you should be able to:
- Record and present financial information by applying the appropriate framework and guidelines of accounting for business transactions including:
- Creating various financial statements based on various forms of financial data.
- Analyzing financial data to inform decision-making using a given framework.
- Explaining financial information to stakeholders to support business practices.
- Determine asset accounts and their disclosure in the financial statements by:
- Applying valuation methods to value account inventory
- Determining account values
- Developing financial statements
- Determine liability and equity accounts and their disclosure in the financial statements by:
- Identifying types of liabilities
- Distinguishing between current and long-term liabilities
- Evaluating financial impacts of long-term debt
- Explaining the difference between retained earnings and owners' equity
- Record and present financial information by applying the appropriate framework and guidelines of accounting for business transactions including:
Taught by
Michael Newhouse-Bailey, PhD, Zuzana Buzzell, PhD, Mona Stephens, CPA and Candace Sleeman, PhD
Tags
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