In this course, participants will learn the foundations of accounting principles and financial analysis, develop an understanding of the links between these, and the measurement of value creation at the firm level. This is the first course in a four-course Specialization on the Essentials of Corporate Financial Analysis and Decision-Making, created in partnership between the University of Melbourne and Bank of New York Mellon (BNY Mellon). View the MOOC promotional video here: http://tinyurl.com/jeoa83t
3.3 Limitations 3: Profit versus Wealth Creation (Raising the bar)
Loading...
Compétences que vous apprendrez
Ratio Analysis, Financial Analysis, Financial Ratio, Balance Sheet
Avis
SE
Apr 10, 2016
Very concise presentation of information using real-world examples to drive home the points. Quickly and almost imperceptibly moves on from the basics. High recommended!
YA
Sep 20, 2017
Upon completion of this course, I definitely feel more awareness of the topics and interest to the subject. The interface and course materials are very
À partir de la leçon
The Links Between Accounting Principles and Financial Decision-making
Having established initial basic financial analyst's toolset in the first two weeks of this course, some caution is warranted as we turn our attention to some of the pitfalls associated with uncritical use of financial statements by analysts. Specifically, we highlight how the use of historical cost and accrual-based accounting might lead to sub-optimal corporate financial decision-making. We then discuss how the agency relationship between management and the owners of a company may also lead to poor corporate decision-making. We conclude with a cautionary tale of misleading accounting practices and the regulator's response to these cases.
Enseigné par
Paul Kofman
Dean, Faculty of Business and Economics
Sean Pinder
Associate Professor