In this course, you’ll explore how financial statement data and non-financial metrics can be linked to financial performance. Professors Rick Lambert and Chris Ittner of the Wharton School have designed this course to help you gain a practical understanding of how data is used to assess what drives financial performance and forecast future financial scenarios. You’ll learn more about the frameworks of financial reporting, income statements, and cash reporting, and apply different approaches to analyzing financial performance using real-life examples to see the concepts in action. By the end of this course, you’ll have honed your skills in understanding how financial data and non-financial data interact to forecast events and be able to determine the best financial strategy for your organization.
Ce cours fait partie de la Spécialisation The Business of Health Care
Financial Acumen for Non-Financial Managers
proposé par
Programme du cours : ce que vous apprendrez dans ce cours
Semaine
13 heures pour terminer
Module 1: Introduction, Balance Sheet and Income Statement
This module was designed to give you a foundational overview of financial reporting and income statements. You’ll identify and analyze balance sheet equations and its key components such as assets, liabilities, and shareholders’ equity. Through examining a sample real-world financial statement, you’ll learn how to calculate income, revenue, and expenses transactions, and see how the income statement is linked to changes in the balance sheet. By the end of this module, you’ll have a better understanding of the key components in financial reporting and learn how to craft an accurate income statement for your organization.
11 vidéos (Total 91 min), 2 lectures, 2 quiz
11 vidéos
Course Introduction8 min
An Overview of Accounting and the Financial Reporting Environment12 min
The Balance Sheet Equation6 min
Assets, Liabilities, Shareholders' Equity14 min
Case 1, Part 1 - Balance Sheet Transactions6 min
Application to Real-World Financial Statements: Large U.S.-Based Multinational Consumer Goods Company (Part 1)7 min
Income, Revenue, and Expenses7 min
Case 1, Part 2 - Revenue and Expense Transactions6 min
Adjusting Entries6 min
Case 1, Part 3 - Adjusting Entries8 min
Application to Real-World Financial Statements: Large U.S.-Based Multinational Consumer Goods Company (Part 2)6 min
2 lectures
Module 1 Quiz 2 HCD Financial Statement PDF10 min
PDFs of Module 1 Slides10 min
2 exercices pour s'entraîner
Module 1 Quiz 1 - Balance Sheet and Income Statement24 min
Module 1 Quiz 2 - Balance Sheet and Income Statement22 min
Semaine
22 heures pour terminer
Module 2: Cash Flow Statement
In this module, you’ll examine cash flow statements further, and take a closer look at methods of creating cash flow statements. Using your understanding of financial reporting, you’ll be able to classify different business activities into separate categories such as operating, investing, and financing activities. Through analyzing the real-world financial statement from the previous module, you’ll learn about both direct and indirect methods of creating cash flow statements. By the end of this module, you’ll be able to differentiate between various business activities and effectively utilize both direct and indirect methods of creating cash flow statements for your organization.
5 vidéos (Total 52 min), 2 lectures, 2 quiz
5 vidéos
Financing Cash Flows11 min
Case 1, Part 4 - Cash Flow Statement Direct Method4 min
Cash Flow Statement - Indirect Method17 min
Case 1, Part 5 - Cash Flow Statement Indirect Method8 min
Application to Real-World Financial Statements: Large U.S.-Based Multinational Consumer Goods Company (Part 3)10 min
2 lectures
Module 2 Quiz 2 HCD Financial Statement PDF10 min
PDF of Module 2 Slides10 min
2 exercices pour s'entraîner
Module 2 Quiz 1 - Cash Flow Statement16 min
Module 2 Quiz 2 - Cash Flow Statement14 min
Semaine
32 heures pour terminer
Module 3: Financial Statement Analysis
In this module, you’ll examine a systematic approach to ratio analysis and other common tools of financial statement analysis. You’ll develop an understanding of ratios and liquidity measures so you can accurately assess risk within your organization’s financial activities. You’ll discover different approaches to profitability measures such as Earnings Per Share (EPS), Return on Equity (ROE), and the Dupont Analysis. You will be able to match Return on Assets (ROA) to various types of companies and gain a better understanding of the drivers of ROA. Then, you’ll explore the concepts of sales revenue and different qualities of earnings. By the end of this module, you’ll understand the theoretical basis behind ratio analysis, and be able to employ different ratio analyses and accurately calculate profitability measures for your organization.
5 vidéos (Total 61 min), 1 lecture, 1 quiz
5 vidéos
Profitability Measures15 min
Drilling Deeper into Return on Assets13 min
Sales and Earnings Quality7 min
A More Sophisticated Calculation of ROA10 min
1 lecture
PDFs of Module 3 Slides10 min
1 exercice pour s'entraîner
Module 3 Quiz20 min
Semaine
42 heures pour terminer
Module 4: Linking Non-Financial Metrics to Financial Performance
In this module, you’ll discover how to determine which non-financial performance measures predict financial results through asking these fundamental questions: Of the hundreds of non-financial measures, which are the key drivers of financial success? How do you rank or weight non-financial measures which don’t share a common denominator? And what performance targets are desirable? You’ll examine comprehensive examples of how companies have used accounting data to show how investments in non-financial dimensions pay off in the future and important organizational issues that commonly arise using these models. By the end of this module, you’ll know how predictive analytics can be used to determine what you should be measuring, how to weight different performance measures when trying to analyze potential financial results, how to make trade-offs between short-term and long-term objectives, and how to set performance targets for optimal financial performance.
7 vidéos (Total 93 min), 1 lecture, 1 quiz
7 vidéos
Overview14 min
Step 1: Identifying the Right Drivers16 min
Step 2: Setting Targets13 min
Comprehensive Examples12 min
Incorporating Analysis Results in Financial Models14 min
Using Analytics to Choose Action Plans8 min
Organizational Issues14 min
1 lecture
PDF of Module 4 Slides10 min
1 exercice pour s'entraîner
Module 4 Quiz - Linking Non-financial Metrics to Financial Performance20 min
4.6
12 avis20%
a bénéficié d'un avantage concret dans sa carrière grâce à ce cours
Meilleurs avis
It was great. I had little issues in understanding little bit as i am medical background, it would be great if it had some medical examples.
I do not have a background of Finance and Accounting. This course is really for me to learn the basics and apply it in my practice
Enseignants
Richard Lambert
Professor of AccountingAccounting- Wharton School
Christopher D. Ittner
EY Professor of AccountingAccounting
À propos de Université de Pennsylvanie
The University of Pennsylvania (commonly referred to as Penn) is a private university, located in Philadelphia, Pennsylvania, United States. A member of the Ivy League, Penn is the fourth-oldest institution of higher education in the United States, and considers itself to be the first university in the United States with both undergraduate and graduate studies.
À propos de la Spécialisation The Business of Health Care
This Specialization was designed to help you keep pace with the rapidly changing world of health and health care. Through partnership with Wharton and Penn Medicine, you’ll learn from experts in business acumen, health care management, and health care policy to develop the skills you’ll need to successfully navigate the quickly evolving landscape of this fast-growing field.* By the end of this specialization, you will have a strong foundational understanding of the American health care system, along with the basic financial and management skills to make better, well-informed decisions that improve the cost and quality of the health care you or your enterprise provides.
*The employment of medical and health services managers is projected to grow 17% from 2014 to 2024, significantly faster than the average for all occupations.
Source: Bureau of Labor Statistics, US Department of Labor. “Occupational Outlook handbook 2016-17 Edition. Medical and Health Services Managers.”
Foire Aux Questions
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