Course

Financial Analysis of Scenarios and Decisions

University of Illinois at Urbana-Champaign

Embark on a transformative journey with the Financial Analysis of Scenarios and Decisions course, offered by the University of Illinois at Urbana-Champaign. Delve into the intricacies of managerial accounting, scenario analysis, planning, budgeting, and performance measurement through a series of comprehensive modules.

  • Gain insights into the internal perspective of organizations, understanding cost information organization and its relevance in decision scenarios.
  • Explore the nuances of scenario analysis, cost-volume-profit analysis, and fundamental concepts crucial for financial decision-making.
  • Master the art of planning and budgeting, learning to allocate resources effectively and assess actual performance against budgets using variance analysis.
  • Delve into performance measurement, evaluation, and compensation systems, including the use of non-financial performance measures within strategic performance measurement systems.

With engaging content and practical quizzes, this course promises to empower you with the financial acumen and analytical skills necessary to make informed decisions in organizational settings.

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Financial Analysis of Scenarios and Decisions
Course Modules

This comprehensive course encompasses modules covering managerial accounting, scenario analysis, planning and budgeting, variance analysis, and performance measurement. Each module offers in-depth insights and practical knowledge essential for financial decision-making in organizational settings.

Course Introduction and Module 1: Accounting Using an Internal Perspective

Embark on Module 1 to explore the internal perspective of organizations, understanding cost information organization, and its relevance in decision scenarios. Delve into cost-volume-profit analysis and fundamental concepts crucial for financial decision-making. Engage in practical quizzes to reinforce your learning.

Module 2: Planning and Budgeting

Module 2 focuses on planning and budgeting, equipping you with the skills to allocate resources effectively and assess actual performance against budgets using variance analysis. Explore basic terminology, master budget overview, sales budget, and more through engaging content.

Module 3: Variance Analysis

Dive into Module 3 to master variance analysis, understanding cost variance classification, causes of variance, and practical examples. Learn about direct materials, direct labor, variable overhead, and fixed overhead variances to enhance your analytical abilities.

Module 4: Performance Measurement and Evaluation

In Module 4, gain insights into performance measurement, evaluation, and compensation systems. Understand the significance of financial performance, non-financial measures, and strategic performance measurement systems. Refine your skills through practical quizzes and real-world scenarios.

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