Get updates on Eligibility, Admission, Placements Fees Structure
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
Important dates
Enrollment Date
Start Date : 01 May, 2025
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 12516 | yes | IIM Bangalore |
The total fee payment that is required to enroll for the course is Rs. 12,516.
Fee Details | Amount in Rs. |
Total fee | Rs. 12,516 |
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
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
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
- Reading and understanding balance sheet
- Income statement and cash flow statement
- Familiarizing all accounting terms that normally appear in financial statements
- Introduction to financial accounting
- Generally Accepted Accounting Principles
- Fundamental accounting equation
- Recording of financial transactions and preparation of accounting statements through accounting equation
- Preparation of Cost Sheet in manufacturing and service industry
- Job and process costing
- Activity-based costing
- Ratio analysis
- Understanding relationship between four profitability drivers
- Assessing financial health through credit scoring model
- Sources of finance, Angel funding
- Venture Capital
- Private Equity
- Term Loan
- Working capital financing and public equity
- Preparation of operational and financial budgets
- Comparing actual performance against budgets
- Price and quantity variance
- Controllable and non-controllable variance
- Revenue and contribution variances
- Behaviour of costs
- Break-even analysis
- Relevant costing approach for different decision making scenarios
- Working capital cycle
- Managing inventory
- Receivables and cash
- Preparing project cash flow statement
- Measuring cost of capital and evaluating projects (NPV, IRR, Payback period)
- Ten important things that you need to remember in Finance
Instructors
IIM Bangalore Frequently Asked Questions (FAQ's)
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.
The important topics that are covered in this course are
- Financial statement analysis
- Capital management
- Capital budgets
- Financial markets.
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.
This intermediate course on Accounting and Finance is associated with MicroMasters as well as Entrepreneurship programmes.
English is the main language of instruction but the candidate has the option to choose either Hindi or English for video transcripts.
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
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.
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.