This course is the first course in a five-course Financial Reporting Specialization that covers the collection, processing, and communication of accounting information (via financial reports) about economic entities to interested parties (i.e., managers and external stakeholders such as stockholders and creditors). To gain the most relevant knowledge from these courses, learners should have taken a basic accounting course prior to this Specialization (which can be done through Coursera courses, such as any accounting course from the Fundamentals of Accounting Specialization: https://www.coursera.org/specializations/accounting-fundamentals). This Specialization focuses on accounting concepts, principles and theory with an emphasis on problems that arise in applying these concepts for external reporting purposes. Specific emphasis is placed on measurement of assets, liabilities, equities and income, as well as disclosure of additional information that may assist users understand the financial reports.
Accounting Analysis I: The Role of Accounting as an Information System
This course is part of Financial Reporting Specialization
Instructor: Gerlando Lima
40,068 already enrolled
Included with
(665 reviews)
What you'll learn
Analyze the structure, conceptual framework, and environment of accountancy
Apply the three steps involved in financial accounting (recognize, measure, and report) to practical scenarios
Evaluate the accounting processing cycle and its role in generating financial statements
Critically examine key financial statements and assess their significance for external decision makers
Skills you'll gain
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30 quizzes, 8 assignments
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There are 9 modules in this course
You will become familiar with the course, your classmates, and our learning environment. The orientation will also help you obtain the technical skills required for the course.
What's included
2 videos4 readings1 quiz1 discussion prompt1 plugin
We will learn the primary focus of financial accounting and learn about General Accepted Accounting Principles (GAAP) and their key assumptions, as well as compare them to International Financial Reporting Standards (IFRS).
What's included
5 videos2 readings3 quizzes1 assignment
We will use the accounting equation to complete the processing cycle. We will also learn the basic types of month-end adjusting entries. More importantly, we will describe the basic financial statements and how they relate to one another.
What's included
7 videos2 readings3 quizzes3 assignments
We will learn the nuances of the Balance Sheet as well as various forms of disclosures associated with financial statements, including the Auditors' Report and MD&A. We will also review several key liquidity and financing ratios. Lastly, we will learn what's included in the operating segment reporting.
What's included
8 videos2 readings5 quizzes2 assignments
We will learn the key components of the Income Statement (e.g., EPS) and its impact on shareholders’ equity. We will also distinguish income from continuing operations vs discontinued operations. We will learn the key components of the Comprehensive Income and Statement of Cash Flows.
What's included
9 videos2 readings7 quizzes1 assignment
We will learn some of the key concepts and variables related to time value of money.
What's included
5 videos2 readings4 quizzes1 peer review
We will learn the key issues involving revenue recognition, including the five key steps. Next, we will determine when to recognize revenue, including involvement of multiple performance obligations and special issues related to steps 4 and 5. Lastly, we will discuss the presentation and disclosure requirements of revenue.
What's included
5 videos2 readings3 quizzes1 assignment
We will understand the two methods of revenue recognition for long-term contracts, and work also with losses on these kind of contracts. In the end, we will review the convergence and differences between USGAAP and IFRS.
What's included
5 videos2 readings4 quizzes
If you would like to earn an Honors badge on your certificate for this course, you must complete a peer reviewed case study that will serve as a refresher of all of the concepts that you have learned over the past seven modules. The case study will involve analysis of a publicly held Fortune 500 company in which you will analyze the Annual Report or 10K Report.
What's included
2 videos2 readings1 peer review1 discussion prompt1 plugin
Instructor
Offered by
Recommended if you're interested in Business Essentials
University of Illinois Urbana-Champaign
University of Illinois Urbana-Champaign
University of Illinois Urbana-Champaign
Build toward a degree
This course is part of the following degree program(s) offered by University of Illinois Urbana-Champaign. If you are admitted and enroll, your completed coursework may count toward your degree learning and your progress can transfer with you.¹
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Frequently asked questions
This course doesn't have a 7-day full access free trial, but you can audit video lectures and some course content for free. If you want to complete the course and earn a Course Certificate by submitting assignments for a grade, you can upgrade your experience by purchasing the course. You can also apply for financial aid if you cannot afford the course fee.
If you pay for this course, you will have access to all of the features and content you need to earn a Course Certificate. If you complete the course successfully, your electronic Certificate will be added to your Accomplishments page—from there, you can print your Certificate or add it to your LinkedIn profile. Note that the Course Certificate does not represent official academic credit from the partner institution offering the course.
Once you enroll for a Certificate, you’ll have access to all videos, quizzes, and programming assignments (if applicable). If you choose to explore the course without purchasing, you may not be able to access certain assignments.