Об этом курсе: In this course, you will explore how to use accounting to allocate resources and incentivize manager and employee behaviors in using these resources. You will also learn how financial and non-financial accounting information facilitates strategic performance measurement and how to integrate this information to continuously improve strategy. Upon successful completion of this course, you will be able to: • Understand the role of managerial accounting information in common business decisions • Differentiate relevant and irrelevant information • Avoid common pitfalls in business decisions • Prepare a master budget and its key components • Describe the iterative and interrelated nature of budgeting • Evaluate capital investments via a variety of measures • Understand how upper management uses variance analysis • Calculate, interpret, and investigate variances • Understand decentralization and its advantages and disadvantages • Compute and interpret financial performance measures • Communicate the role of non-financial measures and strategic performance measurement systems • Identify issues associated with performance measurement and incentives • Understand the nature and role of subjective performance evaluation This course is part of the iMBA offered by the University of Illinois, a flexible, fully-accredited online MBA at an incredibly competitive price. For more information, please see the Resource page in this course and onlinemba.illinois.edu.
Автор: Иллинойсский университет в Урбане-Шампейне
Преподаватели: Gary Hecht, Ph.D., Associate Professor of Accountancy
Department of Accountancy, College of Business
| Основные сведения | Course 2 of 7 in the Value Chain Management Specialization |
| Выполнение | 4 weeks of study, 6-8 hours/week |
| Язык | English |
| Как пройти курс | Чтобы пройти курс, выполните все оцениваемые задания. |
| Оценки пользователей |
Complete this course to work toward:
Специализация Value Chain Management
This course is part of the 7-course Value Chain Management Specialization from Иллинойсский университет в Урбане-Шампейне
Master of Business Administration (iMBA)
This course is part of the fully-online 18 courses plus three capstone projects degree program
Программа курса
НЕДЕЛЯ 1
Course Overview and Relevant Information for Decision Making
In this module, you will become familiar with the course, your instructor, your classmates, and our learning environment. Decisions are at the heart of all organizations. In this module, you will also explore the nature and role of relevant information in common business decisions, and how such information facilitates these decisions and helps managers and employees avoid common pitfalls. You will also consider how the financial perspective adopted by accountants complements other, qualitative perspectives.
18 видео, 8 материалов для самостоятельного изучения, 4 practice quizzes
- Видео: Welcome and Course Overview
- Reading: Syllabus
- Reading: About this Course: Ratings and Reviews
- Reading: About the Discussion Forums
- Reading: Glossary
- Reading: Social Media
- Reading: Getting to Know Your Classmates
- Practice Quiz: Orientation Quiz
- Reading: Module 1 Overview
- Reading: Module 1 Readings
- Видео: Fundamental Concepts
- Видео: Sunk Costs
- Видео: Opportunity Costs
- Видео: Common Mistakes
- Видео: What We've Learned in Lesson 1.1
- Practice Quiz: Lesson 1.1 Practice Quiz
- Видео: Learning Objectives and Overview
- Видео: Keep or Drop a Product Line
- Видео: Make or Buy
- Видео: Replace or Retain Equipment
- Видео: Additional Considerations
- Видео: What We've Learned in Lesson 1.2
- Practice Quiz: Lesson 1.2 Practice Quiz
- Видео: Learning Objectives and Overview
- Видео: Sell "As-Is" or Process Further
- Видео: Accepting a Special Order
- Видео: What We've Learned in Lesson 1.3
- Видео: Module 1 Review
- Practice Quiz: Lesson 1.3 Practice Quiz
- Видео: Like this course? Learn more with the iMBA! (Optional)
Оцениваемый: Module 1 - Conceptual Quiz
Оцениваемый: Module 1 - Quantitative Analysis Quiz
Оцениваемый: Module 1 Mini-Project
НЕДЕЛЯ 2
Budgeting for Planning and Control
At the heart of an organization’s planning and control function is its budget. In this module, you will explore the purpose of budgeting, the role of managers and employees in budgeting, and related implications. You will also develop an organization’s budget, ultimately understanding the iterative nature among the budget’s key components: the operations, financing, and capital investments budgets.
25 видео, 2 материалов для самостоятельного изучения, 4 practice quizzes
- Reading: Module 2 Overview
- Reading: Module 2 Readings
- Видео: Fundamental Concepts
- Видео: Basic Terminology
- Видео: Implications
- Видео: What We've Learned in Lesson 2.1
- Practice Quiz: Lesson 2.1 Practice Quiz
- Видео: Master Budget Overview
- Видео: Sales Budget
- Видео: Production Budget
- Видео: Component Budgets
- Видео: Budgeted Income Statement
- Видео: What We've Learned in Lesson 2.2
- Practice Quiz: Lesson 2.2 Practice Quiz
- Видео: Financing Budget Overview
- Видео: Cash Budget - 1
- Видео: Cash Budget - 2
- Видео: Cash Budget - 3
- Видео: Extending the Example
- Видео: What We've Learned in Lesson 2.3
- Practice Quiz: Lesson 2.3 Practice Quiz
- Видео: Capital Budgeting Overview
- Видео: Example Scenario
- Видео: Payback
- Видео: Accounting Rate of Return
- Видео: Time Horizon and Implications
- Видео: Discounted Cash Flow and Net Present Value
- Видео: Internal Rate of Return
- Видео: What We've Learned in Lesson 2.4
- Видео: Module 2 Review
- Practice Quiz: Lesson 2.4 Practice Quiz
Оцениваемый: Module 2 - Conceptual Quiz
Оцениваемый: Module 2 - Quantitative Analysis Quiz
НЕДЕЛЯ 3
Standard Costing and Variance Analysis
After establishing goals, setting targets, and the budget, upper management uses variance analysis to compare, assess, and investigate differences between actual and expected performance. In this module, you will learn how upper management uses variance analysis to motivate and monitor managers and employees, how to perform variance analysis on any aspect of the organization, and ultimately understand the power of this important tool for planning and control.
13 видео, 2 материалов для самостоятельного изучения, 3 practice quizzes
- Reading: Module 3 Overview
- Reading: Module 3 Readings
- Видео: Fundamentals and Concepts
- Видео: Cost Variance Classification and General Framework
- Видео: Causes of Variances
- Practice Quiz: Lesson 3.1 Practice Quiz
- Видео: An Example Scenario and Direct Materials Variances
- Видео: Direct Labor Variances
- Видео: Variable Overhead Variances
- Видео: Fixed Cost Variances
- Видео: Production Volume Variances
- Видео: What We've Learned in Lesson 3.2
- Practice Quiz: Lesson 3.2 Practice Quiz
- Видео: Fundamentals and General Framework
- Видео: An Example Scenario
- Видео: What We've Learned in Lesson 3.3
- Видео: Module 3 Review
- Practice Quiz: Lesson 3.3 Practice Quiz
Оцениваемый: Module 3 - Conceptual Quiz
Оцениваемый: Module 3 - Quantitative Analysis Quiz
Оцениваемый: Module 3 Mini-Project
НЕДЕЛЯ 4
Performance Measurement and Evaluation
Accountants help implement, communicate, and evolve organizational strategy via the information they provide to owners, managers, and employees. Specifically, they help plan, monitor, and control decisions via the performance measurement, evaluation, and compensation system. In this module, you will explore many aspects of this important system, including decentralization, financial and non-financial performance measurement, strategic performance measurement systems, and subjective performance evaluation.
13 видео, 2 материалов для самостоятельного изучения, 3 practice quizzes
- Reading: Module 4 Overview
- Reading: Module 4 Readings
- Видео: Fundamentals and Concepts
- Видео: What We've Learned in Lesson 4.1
- Practice Quiz: Lesson 4.1 Practice Quiz
- Видео: Why is Financial Performance Measurement Important?
- Видео: Return on Investment
- Видео: The Underinvestment Problem
- Видео: Residual Income
- Видео: What We've Learned in Lesson 4.2
- Practice Quiz: Lesson 4.2 Practice Quiz
- Видео: Non-Financial Measures
- Видео: Strategic Performance Measurement Systems
- Видео: Performance Measurement Issues
- Видео: Subjective Performance Evaluation
- Видео: What We've Learned in Lesson 4.3
- Видео: Module 4 Review
- Practice Quiz: Lesson 4.3 Practice Quiz
Оцениваемый: Module 4 Quiz
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Авторы
Иллинойсский университет в Урбане-Шампейне
The University of Illinois at Urbana-Champaign is a world leader in research, teaching and public engagement, distinguished by the breadth of its programs, broad academic excellence, and internationally renowned faculty and alumni. Illinois serves the world by creating knowledge, preparing students for lives of impact, and finding solutions to critical societal needs.
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Рейтинги и отзывы
This Course was well taught and the Instructor has knowledge. More Examples from the various lessons are required.
It Was a great learning experiance for me. The course is well designed and helps to improve personal skills.
Professor Hecht was thorough and broke down all aspects of the course work. The knowledge gained from this course will assist across all fields.
Coursera делает лучшее в мире образование доступным каждому, предлагая онлайн-курсы от ведущих университетов и организаций.
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Could have more pratical insigths from top managers (eg).