This course is part of the Financial Reporting Specialization

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87 ratings

Adel Ibrahim

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Part of the Master of Science in Accountancy (iMSA) degree
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Financial Reporting SpecializationUniversity of Illinois at Urbana-Champaign

About this Course

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This course is the fourth course in a five-course Financial Reporting Specialization. This course focuses on the recognition, measurement and subsequent accounting for equity, pensions, share-based compensation and cash flows utilizing the FASB Accounting Standards Codification and other resources.

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Earn a Certificate upon completion

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Course 4 of 5 in the

Financial Reporting Specialization

Intermediate Level

Approx. 22 hours to complete

English

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Flexible deadlines

Reset deadlines in accordance to your schedule.

Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Course 4 of 5 in the

Financial Reporting Specialization

Intermediate Level

Approx. 22 hours to complete

English

Could your company benefit from training employees on in-demand skills?

Try Coursera for Business

Instructor

Instructor rating

4.9/5 (11 Ratings)

Adel Ibrahim

Lecturer of Accountancy

Accountancy

11,071 Learners

2 Courses

Offered by

University of Illinois at Urbana-Champaign

Start working towards your Master's degree

This course is part of the 100% online Master of Science in Accountancy (iMSA) from University of Illinois at Urbana-Champaign. If you are admitted to the full program, your courses count towards your degree learning.

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Syllabus - What you will learn from this course

Week1

Week 1

1 hour to complete

About the Course

1 hour to complete

1 video (Total 1 min), 4 readings, 1 quiz

3 hours to complete

Module 1 Postretirement Benefits Part 1

In this module, you will be introduced to the accounting by employers for employee postretirement benefits. We will explore the basic features of accounting for defined benefit plans, including benefit obligations, plan assets, and the components of net periodic benefit cost. The discussion includes accounting for changes in net pension asset or liability that are recognized in other comprehensive income.

3 hours to complete

7 videos (Total 55 min), 1 reading, 8 quizzes

7 videos

Introduction to Pensions7mMain Elements in Accounting for Pensions8mExample: Main Elements in Accounting for Pensions5mPensions Assets and Liabilities7mExample: Pensions Assets and Liabilities 10mFirst Round in Constructing the Pension Puzzle6mExample: First Round in Constructing the Pension Puzzle9m

1 reading

Module 1 Overview and Resources10m

8 practice exercises

Lesson 1.1 Knowledge Check5mLesson 1.1 Knowledge Check5mLesson 1.1 Example Knowledge Check5mLesson 1.3 Knowledge Check5mLesson 1.3 Example Knowledge Check5mLesson 1.4 Knowledge Check5mLesson 1.4 Example Knowledge Check 5mModule 1 Quiz1h

Week2

Week 2

3 hours to complete

Module 2 Postretirement Benefits Part 2

In this module, you will continue your study of the employer's accounting for employee retirement benefits, including health care plans, multi-employer plans, and defined contribution plans. We will learn the definitions of curtailment and settlement and the impact of each on the financial statements. The module also describes defined contribution plans and multi-employer plans. The module will wrap up with a brief discussion of some of the major differences between US GAAP and IFRS.

3 hours to complete

6 videos (Total 54 min), 1 reading, 7 quizzes

6 videos

AOCI/PSC and its Amortization10mExample: AOCI/PSC and its Amortization8mAOCI/Gain or Loss and its Amortization9mExample: AOCI/Gain or Loss and its Amortization8mCompleting the Pension Puzzle6mThe Pension Spreadsheet8m

1 reading

Module 2 Overview and Resources10m

7 practice exercises

Lesson 2.1 Knowledge Check5mLesson 2.1 Example Knowledge Check5mLesson 2.2 Knowledge Check5mLesson 2.2 Example Knowledge Check5mLesson 2.3 Knowledge Check5mLession 2.3 Lecture 2 Knowledge Check5mModule 2 Quiz1h

Week3

Week 3

3 hours to complete

Module 3 Equity

3 hours to complete

9 videos (Total 71 min), 1 reading, 10 quizzes

9 videos

Introduction to Equity12mContributed Equity: Issue of Stock8mContributed Equity: Issue of Stock Example4mContributed Equity: Repurchase of Stock7mExample: Contributed Equity: Repurchase of Stock7mEarned Equity: Cash versus Property Dividends6mEarned Equity: Cash versus Property Dividends Example7mEarned Equity: Stock Dividend versus Stock Split8mEarned Equity: Stock Dividend versus Stock Split Example 8m

1 reading

Module 3 Overview and Resources10m

10 practice exercises

Lesson 3.1 Knowledge Check5mLesson 3.2 Knowledge Check5mLesson 3.2 Example Knowledge Check5mLesson 3.3 Knowledge Check5mLesson 3.3 Example Knowledge Check5mLesson 3.4 Knowledge Check5mLesson 3.4 Example Knowledge Check5mLesson 3.5 Knowledge Check5mLesson 3.5 Example Knowledge Check5mModule 3 Quiz1h

Week4

Week 4

3 hours to complete

Module 4 Share-Based Payments

In this module, you will be introduced to share-based payments, such as stock options. We will learn the different models used in valuing equity instruments. This module will begin with a simple example for the accounting of employee stock options, and will then build on that to include forfeitures and graded vesting. The module will conclude with a discussion of stock appreciation rights and restricted shares.

3 hours to complete

8 videos (Total 57 min), 1 reading, 9 quizzes

8 videos

Introduction to Employees' Share-based Compensation Plans5mRestricted Share Awards/Units6mRestricted Share Awards/Units Example12mStock Options5mExample: Stock Options5mGraded Vesting and Forfeitures of Options5mGraded Vesting and Forfeitures of Options Example10mStock Appreciation Rights5m

1 reading

Module 4 Overview and Resources10m

9 practice exercises

Lesson 4.1 Knowledge Check5mLesson 4.2 Knowledge Check5mLesson 4.2 Example Knowledge Check5mLesson 4.3 Knowledge Check5mLesson 4.3 Example Knowledge Check5mLesson 4.4 Knowledge Check5mLesson 4.4 Example Knowledge Check5mLesson 4.5 Knowledge Check5mModule 4 Quiz1h

Week5

Week 5

3 hours to complete

Module 5 Earnings Per Share

In this module, you will be introduced to the concept of earnings per share (EPS). You will learn how to account for basic EPS and diluted EPS. The module includes discussion of how preferred stock, options, and conversion features affect the numerator and denominator when calculating basic and diluted EPS. The module continues with the discussion of the mechanics of the if-converted and treasury stock methods, and the accounting for antidilutive securities.

3 hours to complete

9 videos (Total 58 min), 1 reading, 10 quizzes

9 videos

Basic Earnings Per Share7mBasic Earnings Per Share Example5mDiluted EPS: Treasury Stock Method5mDiluted EPS: Treasury Stock Method Example6mDiluted EPS: If-Converted Method6mDiluted EPS: If-Converted Method Example8mAntidilutive Securities and EPS Calculations6mAntidilutive Securities and EPS Calculations Example 9mFinancial Statements Presentation and Note Disclosures3m

1 reading

Module 5 Overview and Resources10m

10 practice exercises

Lesson 5.1 Knowledge Check5mLesson 5.1 Example Knowledge Check5mLesson 5.2 Knowledge Check5mLesson 5.2 Example Knowledge Check5mLesson 5.3 Knowledge Check5mLesson 5.3 Example Knowledge Check5mLesson 5.4 Knowledge Check5mLesson 5.4 Example Knowledge Check5mLesson 5.5 Knowledge Check5mModule 5 Quiz1h

Week6

Week 6

3 hours to complete

Module 6 Accounting Changes

3 hours to complete

9 videos (Total 61 min), 1 reading, 10 quizzes

9 videos

Introduction to Accounting Changes and Error Corrections7mChanges in Accounting Principles5mChanges in Accounting Principles Example10mChanges in Accounting Estimates4mChanges in Accounting Estimates Example5mError Correction5mError Correction Example7mInventory Misstatements7mInventory Misstatements Example 7m

1 reading

Module 6 Overview and Resources10m

10 practice exercises

Lesson 6.1 Knowledge Check5mLesson 6.2 Knowledge Check5mLesson 6.2 Example Knowledge Check5mLesson 6.3 Knowledge Check5mLesson 6.3 Example Knowledge Check5mLesson 6.4 Knowledge Check5mLesson 6.4 Example Knowledge Check5mLesson 6.5 Knowledge Check5mLesson 6.5 Example Knowledge Check5mModule 6 Quiz1h

Week7

Week 7

4 hours to complete

Module 7 Statement of Cash Flows

4 hours to complete

9 videos (Total 72 min), 3 readings, 10 quizzes

9 videos

Introduction to Cash Flow Statement Analysis6mDirect Method: Converting Revenues into Inflows8mConverting Expenses into Outflows8mDirect Method Example (Revenues to Inflows and Expenses to Outflows)10mIndirect Method: Operating Activities8mIndirect Method: Operating Activities Example5mInvesting, Financing, and Non-cash Activities9mInvesting, Financing, and Non-cash Activities10mGies Online Programs3m

3 readings

Module 7 Overview and Resources10mCongratulations!10mGet Your Course Certificate10m

9 practice exercises

Lesson 7.1 Knowledge Check5m Lesson 7.2 Knowledge Check5mLesson 7.3 Knowledge Check5mLesson 7.2+7.3 Knowledge Check10mLesson 7.4 Example Knowledge Check5mLesson 7.4 Example Knowledge Check10mLesson 7.5 Example Knowledge Check5mLesson 7.5 Example Knowledge Check5mModule 7 Quiz30m

Reviews

4.7

13 reviews

5 stars
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4 stars
17.24%
3 stars
1.14%
2 stars
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TOP REVIEWS FROM ACCOUNTING ANALYSIS II: ACCOUNTING FOR LIABILITIES AND EQUITY

by AKApr 19, 2018

Thank you Sir! A lot of great stuff that you have passed on to us. Thank you so much for your time and great work.

by TWJan 31, 2021

I like the course, which provided a thorough breakdown of direct and indirect method. The professor's sound knowledge and accounting acumen made the course interesting and easy to understand.

by SVSep 25, 2020

very beneficial , but its too late for providing certificates

by WTOct 31, 2019

The course was very supportive and would help to my career path. Special thanks to course instructor Sir John Hepp.

View all reviews

About the Financial Reporting Specialization

The Financial Reporting Specialization focuses on the role of financial accounting principles and processes in creating and reporting an organization’s financial statements. Learners who complete this specialization will be able to (1) use financial accounting principles to create and/or process an organization’s financial statements and (2) analyze financial statements to assess an organization’s financial position.

Frequently Asked Questions

When will I have access to the lectures and assignments?
Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:
The course may not offer an audit option. You can try a Free Trial instead, or apply for Financial Aid.
The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.
What will I get if I subscribe to this Specialization?
When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.
What is the refund policy?
If you subscribed, you get a 7-day free trial during which you can cancel at no penalty. After that, we don’t give refunds, but you can cancel your subscription at any time. See our full refund policy.
Is financial aid available?
Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.

More questions? Visit the Learner Help Center.

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Accounting Analysis II: Accounting for Liabilities and Equity

About this Course