University of Illinois at Urbana-Champaign
Accounting Analysis I: The Role of Accounting as an Information System
University of Illinois at Urbana-Champaign

Accounting Analysis I: The Role of Accounting as an Information System

This course is part of Financial Reporting Specialization

Taught in English

Some content may not be translated

Gerlando Lima

Instructor: Gerlando Lima

37,820 already enrolled

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Course

Gain insight into a topic and learn the fundamentals

4.8

(645 reviews)

|

96%

Intermediate level
Some related experience required
28 hours (approximately)
Flexible schedule
Learn at your own pace
Progress towards a degree

Course

Gain insight into a topic and learn the fundamentals

4.8

(645 reviews)

|

96%

Intermediate level
Some related experience required
28 hours (approximately)
Flexible schedule
Learn at your own pace
Progress towards a degree

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This course is part of the Financial Reporting Specialization
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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 readings4 quizzes

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 readings6 quizzes

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 readings7 quizzes

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 readings8 quizzes

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 readings4 quizzes

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

Instructor ratings
4.7 (208 ratings)
Gerlando Lima
University of Illinois at Urbana-Champaign
2 Courses41,166 learners

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Recommended if you're interested in Business Essentials

Get a head start on your degree

This course is part of the following degree programs offered by University of Illinois at Urbana-Champaign. If you are admitted and enroll, your coursework can count toward your degree learning and your progress can transfer with you.

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4.8

645 reviews

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