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Quick Facts

Medium Of Instructions	Mode Of Learning	Mode Of Delivery
English	Self Study	Video and Text Based

Course Overview

This certificate course Accounting and Finance provided by edX platform and offered in collaboration with the Indian Institute of Management, Bangalore is a rewarding course for management professionals, business owners, and entrepreneurs. The Accounting and Finance certification course is targeted for any graduate to help him or her understand financial statements for evaluating business performance.

The candidates will be able to understand the drivers behind prosperity and help to identify improvements in those areas. This will help the candidates deal with cost management and cost sheet preparation for decision-making. Candidates can develop a proper understanding of financial markets and raise different types of capital. The candidate will be able to create and evaluate finances. With such an approach, the candidates can help with the business plan and managing working capital.

The Accounting and Finance course aims to strengthen the financial acumen of the candidate in mainly three areas financial statement analysis, cost management, and financial management. This is a self-paced programme and can be taken by the learners either by paying the fee or free. In the free audit mode, the learners will have access only for a limited duration.

The Highlights

100% e-learning course
Free enrolment for auditing the course
Intermediate difficulty
11 weeks course duration
Proctored final exam
Self-paced course
Mode of instruction in English
Video transcripts in two languages, Hindi and English
2 to 4 hours of candidate participation per week
Course instructor M.S.Narasimhan, IIM-B Faculty.
Verified certificate provided by IIM-B and edX
Part of MicroMasters and Entrepreneurship programme

Programme Offerings

Video transcripts
E-learning video sessions
Weekly Assessments
Discussion Forums
Reading Materials
proctored exam

Courses and Certificate Fees

Fees Informations	Certificate Availability	Certificate Providing Authority
INR 12491	yes	IIM Bangalore

The total fee payment that is required to enroll for the course is Rs. 12,401.

Fee Details	Amount in Rs.
Total fee	Rs. 12,491

Note: edX offers the option for students to opt for a free course through a purpose known as “Audit”. In such an option, the certificate is not awarded for the student.

Eligibility Criteria

Education

Candidates are required to possess a graduate degree to enrol, preferably in a business discipline.

Certification qualifying details

Candidates are evaluated based on both weekly assessments and a final proctored exam and the candidates must secure a minimum score of 60% overall to be conferred with this certificate.

What you will learn

Financial knowledge

In this course on Accounting and Finance, the candidates who are well versed in a business environment can seek empowerment in the following areas:

Candidates will learn the mechanics behind financial accounting and the need to record transactions and prepare account statements with the accounting equation.
Candidates will learn to prepare financial statements in terms of income and cash flow with familiarity in all accounting terms.
Candidates will learn to analyse financial statements and understand the four profitability drivers of profit and learn to assess financial health.
Candidates will learn to prepare cost sheets in several industrial sectors and also learn costing based on activity.
For decision making, the candidates will learn to compute break-even analysis and approaches to different scenarios on decision making.
The candidate will learn to prepare a budget and compare its performance with terms of variance in price, quantity, revenue, and contribution.
The candidate will also learn about financial markets with the source of fundings such as angel funding, term loan, private equity, and public equity.
The candidates will learn in detail about capital budgeting to prepare a cash flow statement and evaluate projects.
Candidates will learn capital Management in terms of managing inventory and cash.

Who it is for

Entrepreneur

With the skills and expertise obtained in this course, this course benefits as

Management professionals who serve as managers in several business areas and in need of financial literacy.
Entrepreneurs who need to empower themselves with the financial acumen to grow their businesses to the next level.

Admission Details

The admission process for the programme in Accounting and Finance are:

Step 1: The link present here (https://courses.edx.org/register) must be opened by the candidate for course registration.

Step 2: The candidate will be able to create an account with the needed details like name, residence, and email address.

Step 3: Post registering, the candidate can select the “Enroll” button so as to navigate to the enrolment for the course.

Step 4: To earn the certificate, the candidate must click the “Verified” option.

Step 5: Either the candidate is guided to the payment page or he/she can visit the link https://payment.edx.org/ for the payment page.

Step 6: The candidate can either use PayPal or online methods of payment and by clicking the “Place Order” button, the candidate will be able to finish the payment and enrolment process.

The Syllabus

Balance sheet – assets
Balance sheet – shareholders fund
Balance sheet –liabilities
Cash flow statement
Expenses and profit
Income statement – revenue,

Annual report
Financial accounting regulations
Financial statements
Fundamental accounting terms
Recording accounting transactions
Users of financial statements

An overview
Practice proctored exam
Getting help
Instructions and guidelines
Salient features

Pre-course survey
Navigating in edX
Micromasters programme
Welcome message

Process costing
Misallocation of indirect cost
Methods of product costing
Job costing
Indirect cost and allocation
Customer costing
Activity-based costing

Risk management
Leverage management
Cost management
Bench-marking
Asset management
Assessing financial health

Summary
Role of the finance function
Organization structure of finance function
Key Issues in the finance function
Introduction
Institutional financing
Financial system
Financial instruments
Financial goal and agency cost
Direct capital flow

Budgeting process
Fixed & variable overhead variance
Investigating variance
Material mix variance
Preparation of master budget
Sales and sales mix variance
Setting standards
Strategic planning and budgets
Variance analysis: a general framework

Pricing decision
Optimal product mix
Operating leverage
Make or buy decision
Discontinuing product or closing down divisions
Break-even analysis
BEP in multiproduct environment
Behavior of costs
Absorption vs. marginal costing

Final exam

Working capital cycle
Summary
Short-term financial planning
Receivables Management
Managing payables
Inventory management
Financing of working capital
Cash management

Time value of money
Summary
Special issues in capital budgeting
Introduction
Estimation of project cash flows
Case study
Capital structure and cost of capital
Capital budgeting techniques

Instructors

IIM Bangalore Frequently Asked Questions (FAQ's)

1: What are the prerequisite qualifications to enroll into this course?

The candidates enrolling in Accounting and Finance courses may need to have a graduate degree in a related discipline and a good knowledge of the business environment.

2: What important topics are covered in this course?

The important topics that are covered in this course are

Financial statement analysis
Capital management
Capital budgets
Financial markets.

3: How beneficial is it to Audit the Accounting and Finance course?

When the candidate chooses to Audit the course, he/she chooses to learn the subject for free but opts not to receive any graded assessments or certificate of completion.

4: What programs of IIM-B is this course associated with?

This intermediate course on Accounting and Finance is associated with MicroMasters as well as Entrepreneurship programmes.

5: In how many languages is this course offered?

English is the main language of instruction but the candidate has the option to choose either Hindi or English for video transcripts.

6: What is the grading policy for the certificate?

The student must work to obtain at least a minimum of 60% in the weekly assessments as well as a final proctored exam in order to be awarded the verified certificate

7: What is the difficulty level of this course for the participant?

The Accounting and Finance course syllabus is planned at the intermediate or transitional level which requires the participant to have both a graduate degree and an understanding of the business environment.

8: Can students receive financial aid in Accounting and Finance course?

Yes, financial assistance is considered for students facing economic hardship which needs to be substantiated with proof but cannot be guaranteed to all the applicants.