Financial Accounting and Analysis

Are you one of those professionals who is curious and wants to learn about financial statements, but is intimidated by financial numbers and jargon? Then this course is for you!In this course, we will demystify accounting jargon, help you understand financial statements and analyse them for better decisions. Whatever be your background – marketing, operations, supply chain, strategy, engineering or others, in today’s competitive world, you need to use and interpret crucial financial data for making informed decisions.This course will enable you to:Understand the various elements of financial statementsApply accounting principles related to its preparationUse tools and techniques to analyse and interpret the key parameters of financial performanceThe course has direct application and high relevance in every professional’s life. Concepts learnt in the course can be applied in day to day management for improving operations and creating value for the organization. You will also be able to assess financial implications of your decisions.The course will be covered in an easy, simple and interactive manner through various hands-on activities, short cases and easy-to-understand examples.No previous finance knowledge is needed. Come armed with enthusiasm and curiosity to learn.What you'll learn:Basic financial conceptsFinancial statements and their elementsVarious accounting standards with respect to the elements in the financial statementsTechniques to analyse the financial statementsInterpretation of financial statements for better decision-making

Week 1: Introduction to Financial Accounting

• Introduction to Accounting
  
• Using Financial Information for Decision Making
• Introduction to the Accounting System
• Understanding Business Transactions: A Visit to Raj Cafe
• Recording through Accounting Equation
• Preparing Financial Statements for Raj Cafe
• Recap
• Preview of Upcoming Weeks

Week 2 : A Closer Look at the Balance Sheet

• Introduction to the Elements of Balance Sheet: Assets, Liabilities and Equity
  
• Non-current Assets
• Current Assets
• Non-current Liabilities
• Current Liabilities
• Equity
• Recap

Week 3 : A Closer Look at the Income Statement, Cash Flow Statement and Statement of Changes in Equity

• Introduction to Income Statement and Related Accounting Concepts
  
• Important Elements of the Income Statement
• Introduction to Cash Flow Statement
• Statement of Comprehensive Income and Statement of Changes in Equity
• Recap

Week 4 : Traditional Accounting - Learning Accounting in Accountant;s Way

• Overview - Traditional Accounting
• Introduction to the Accounting Process
• Journal
• Ledger
• Trial Balance
• Understanding Adjustment Entries and Preparing Financial Statements
• Recap

Week 5 : Financial Statement Analysis – I

• What is Financial Statement Analysis
  
• Students Analyzing the Financial Statements
• Horizontal Analysis of Financial Statements
• Common Size Analysis of Financial Statements
• Ratio Analysis Part I
• Recap

Week 6 : Financial Statement Analysis - II

• Recap - Week 4
  
• Ratio Analysis Part 2
• Final Recap