Core Concepts of Accounting – Numbers and People
Develop your expertise in the core theories and principles of managerial and financial accounting for effective valuation.
Intermediate
Online
6 Weeks
Free Quick Facts
| Medium Of Instructions | Mode Of Learning | Mode Of Delivery |
|---|---|---|
| English | Self Study | Video and Text Based |
Course Overview
The ‘Core Concepts of Accounting – Numbers and People’ online training is developed by the Moscow Institute of Physics and Technology and the American Institute of Business and Economics for the students to get introduced to the concepts of accounting to process financial statements and values for investment projects. This certification course is provided by Coursera and the course content is estimated to be completed in twenty-seven hours. The classes in this certification program are held online aided by video, lectures, reading exercises, quizzes, assignments, and other activities that can be completed by the students’ preferred speed.
Konstantin Kontor, director, and professor of finance and strategy at the American Institute of Business and Economics(AIBEc) will be the program instructor for this course to guide the students in gaining insights through the course modules and practical exercises.
The ‘Core Concepts of Accounting – Numbers and People’ online certification course will enable students to receive a course completion certificate at the end of the training program.
The Highlights
- Online mode
- Independent learning
- 27 hours
- Intermediate level training
- Adjustable deadlines
- Subtitles in French, Portuguese, Russian, English, Spanish
- Course certificate
Programme Offerings
- Course Modules
- videos
- Readings
- Practice Exercises
- tests
- quizzes
- Graded Assignments
- Feedback
- E-certificate
- Self-paced learning
Courses and Certificate Fees
| Certificate Availability | Certificate Providing Authority |
|---|---|
| yes | MIPT Moscow |
The ‘Core Concepts of Accounting – Numbers and People’ certificate fee will have to be paid to earn the course completion certificate. The students are given EMI options for the payment of the course fee.
Core Concepts of Accounting – Numbers and People fee structure
Audit mode | Nil |
One month(20 hours per week) | ₹3,652 |
Three months(10 hours per week) | ₹7,304 |
Six months(5 hours per week) | ₹10,956 |
Eligibility Criteria
Certificate qualifying details:
The students of the ‘Core Concepts of Accounting – Numbers and People’ certification by Coursera will receive a shareable certificate after completing the course of study and the graded assessments in the course.
What you will learn
The ‘Core Concepts of Accounting – Numbers and People’ certification syllabus is designed for the students to gain proficiency in accounting and knowledge of the concepts of financial management. Students will get familiar with financial accounting and the concepts of accounting involved in managerial processes to execute effective valuation for investment projects.
Who it is for
The ‘Core Concepts of Accounting – Numbers and People’ online certification program is organized for the students in the field of accounting and for the industry professionals to improve their accounting expertise such as
Admission Details
The course registration for the ‘Core Concepts of Accounting – Numbers and People’ certification course is done online through the website,
Step 1: Find the course page using the link below,
https://www.coursera.org/learn/core-concepts-of-accounting#about
Step 2: Select the ‘Enroll For Free’ option.
Step 3: Fill in the required information.
Step 4: Complete the registration and start the course.
Application Details
The students applying for the ‘Core Concepts of Accounting – Numbers and People’ online program will have to enter their details such as name, email address, and course name on the registration form to join the course.
The Syllabus
Videos
- Introduction
- Why study accounting?
- What is accounting? Financial vs. managerial accounting
- Key financial statements – BS, IS, SCF
- Accounting principles. GAAP
- Double-entry bookkeeping
- Transaction analysis – an example
- Revenue and expense recognition
- Cash and accounts receivable
- Accounting for inventories (1) – cost travel
- Accounting for inventories (2) – the cost of goods sold
- Accounting for inventories (3) – FIFO, LIFO, LCM
Readings
- Konstantin Kontor
- AIBEc. The American Institute of Business and Economics
- Grading
- Handouts – an important comment
- Financial accounting basics
- Accounting record-keeping
- Transaction analysis – an example
- Revenue and expense recognition – an overview
- Accounting for uncollectible
- Accounting for inventories (1) – cost travel
- Accounting for inventories (2) – basic concepts. FIFO, LIFO, LCM
Practice exercise
- 1 (Practice)
- 1 - Basic accounting procedures for current assets
Videos
- Operational assets – types and accounting approach
- Depreciation
- Depreciation tax shield
- Intangible assets – accounting and amortization
- Short-term investments in bonds
- Short-term investments in stocks
- Bonds (1) – parameters and accounting approach
- Bonds (2) – amortization of premium/discount
- Equity (1) – accounting for common and preferred stock
- Equity (2) – treasury stock and stock dividends
- Accounting for taxes – an overview
- Deferred taxes – an example
Readings
- Operational assets
- Depreciation tax shield
- Accounting for long-term liabilities
- Accounting for shareholders’ equity
- Accounting for income taxes – an overview
Practice exercises2 (Practice)30m 2 - Depreciation, amortization, and deferred items
- 2 (Practice)
- 2 - Depreciation, amortization, and deferred items
Videos
- The statement of cash flows (SCF) – idea and format
- SCF – Example 1
- SCF – a more advanced Example 2 (1)
- SCF – a more advanced Example 2 (2)
- Valuation revisited – cash flows, net income, and FCF
- Comparison of interest treatment in SCF and FCF
- The big question – why use earnings?
- Analysis and use of financial statements – an overview
- Ratio analysis (1) – current position and performance
- Ratio analysis (2) – capital structure
- Ratio analysis (3) – operating performance
- Financial accounting and valuation – conclusions
Readings
- The statement of cash flows (1) – the idea and format
- The statement of cash flows (2) – an example
- Analysis and use of financial statements – an overview
Practice exercises
- 3 (Practice)
- 3 - SCF inputs and ROI ratios
Videos
- What is managerial accounting? Key ideas
- Managerial vs. financial accounting – a comparison
- Systems of managerial accounting
- Introduction to costs – major terms
- Cost behavior
- Total cost – concept, and information
- Direct and indirect costs
- Indirect cost allocation
- Cost allocation example (1) – initial cost allocation
- Cost allocation example (2) – cost re-allocation
- Cost allocation example (3) – cost allocation rates
- The tracing and allocation roadmap
Readings
- The nature of managerial accounting
- Cost behavior
- Total cost (1) – the concept. Direct and indirect costs
- Total cost (2) – direct costs measurement and overhead allocation
Practice exercise
- 4 (Practice)
- 4 - cost behavior and cost allocation
Videos
- Activity-based costing (ABC) – an overview
- ABC for a retail firm (1)
- ABC for a retail firm (2)
- ABC in manufacturing (1)
- ABC in manufacturing (2)
- Insights provided by ABC
- Relevant costs – an idea
- Make-or-buy decisions (1)
- Make-or-buy decisions (2)
- Product mix under capacity constraints
- Customer profit, ABC, and relevant costs
- Irrelevance of past costs
Readings
- Activity-based costing (1) – ABC for a retail firm
- Activity-based costing (2) – ABC in manufacturing
- Insights provided by ABC
- The concept of relevance
- Outsourcing and make-or-buy decisions
- Product mix under capacity constraints
- Customer profit, ABC, and relevant costs
- Irrelevance of past costs
Practice exercises
- 5 (Practice)
- 5 - Costs, activities, and relevance
Videos
- Budgets – an overview. The budgeting cycle
- Budgets, planning, and project management
- The master budget – an idea
- Operational budget – the data (1)
- Operational budget – the data (2)
- Preparing operational budget (1)
- Preparing operational budget (2)
- Preparing operational budget (3)
- Preparing operational budget (final steps)
- Budgeting and responsibility accounting
- Changes in budgeting – major trends
- Accounting and valuation – final conclusions
Readings
- Budgets – ideas, roles, and advantages
- Preparing operating budget (1) – the data
- Preparing operating budget (2) – the road map
- Budgets and responsibility accounting
Practice exercise
- Final Test
Instructors
MIPT Moscow Frequently Asked Questions (FAQ's)
The course is designed to be completed in 27 hours.
Yes, you can learn through the audit mode.
No, you can learn through the videos and other online materials independently.
Yes, you can apply for financial aid.
There are no prerequisites for this course.