4.8
stars
2,795 ratings

Marc Badia

106,451 already enrolled

Offered By

IESE Business School

About this Course

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Financial Accounting is often called the language of business; it is the language that managers use to communicate the firm's financial and economic information to external parties such as shareholders and creditors. Nobody working in business can afford financial illiteracy. Whether you run your own business, work as a manager or are just starting your career, you want to understand financial information and be able to interact with accountants, controllers, and financial managers. You want to talk business! 
This course will provide you with the accounting language's essentials. Upon completion, you should be able to read and interpret financial statements for business diagnosis and decision-making. More importantly, you will possess the conceptual base to keep learning more sophisticated accounting and finance on your own. Do not forget that, as with any other language, becoming proficient with accounting requires constant practice.

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.

Beginner Level

Approx. 12 hours to complete

English

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Skills you will gain

Financial Accounting
Accounting
Financial Statement
Balance Sheet

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.

Beginner Level

Approx. 12 hours to complete

English

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

Try Coursera for Business

Instructor

Instructor rating

4.81/5 (752 Ratings)

Marc Badia

Associate Professor

Accounting and Control

106,451 Learners

1 Course

Offered by

IESE Business School

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Syllabus - What you will learn from this course

Content Rating98%(17,602 ratings)

Week

Week 1

3 hours to complete

Course Overview & Week 1: Introduction to Accounting - The Balance Sheet

Welcome! Before you start today's videos, please have a look at the syllabus. In this first session, I'll give you an overview of what accounting is all about and why it's important to have a basic proficiency in this "language." In addition, I'll introduce one of the most important financial reports - the balance sheet - and a practical real-world case so you can put theory into practice. Objectives: To gain insight into the essence of accounting and become familiar with the balance sheet and its purpose.

3 hours to complete

10 videos (Total 48 min), 7 readings, 1 quiz

10 videos

Introduction - Welcome to the Course3m

1. Accounting: The Language of Business6m

2. Practice Case: The Campus Bookstore I7m

3. Practice Case: The Campus Bookstore II3m

4. Accounting for our First Transactions3m

5. Accounting for More Transactions5m

6. Explaining the Balance Sheet7m

7. Defining an Asset6m

8. Defining a Liability4m

9. Recap2m

7 readings

Course Overview & Syllabus5m

Reminder of Coursera's Honor Code1m

About Week 11m

Transactions Week 15m

Required Reading Week 1: "The Balance Sheet"30m

Required Reading Week 1: "Introduction to Financial Accounting"45m

Quiz 1 with Solutions10m

1 practice exercise

Quiz Week 130m

Week

Week 2

2 hours to complete

Week 2: The Income Statement

2 hours to complete

11 videos (Total 49 min), 5 readings, 1 quiz

11 videos

1. Introduction to Week 21m

2. Recap of Week 11m

3. Purchasing More Inventory3m

4. Sales and Cost of Goods Sold7m

5. Selling, General and Administrative Expenses4m

6. Some Collections and Payments of Cash3m

7. Depreciation and Amortization8m

8. Interest from Bank Loan and Taxes3m

9. Preparing the Balance Sheet3m

10. Introducing the Income Statement6m

11. Recap of Week 2 and Conclusions3m

5 readings

About Week 210m

Transactions Week 210m

Required Reading Week 2: "The Income Statement"30m

Required Reading Week 2: "Introduction to Financial Accounting"10m

Quiz 2 with Solutions10m

1 practice exercise

Quiz Week 230m

Week

Week 3

3 hours to complete

Week 3: The Cash Flow Statement

Now that you have a good grasp of the balance sheet and income statement, I'll help you master how to recognize the transactions we went over in week two. I'll also introduce a third financial report - the cash flow statement - and discuss liquidity. Course objectives: To understand the difference between liquidity and profitability, become familiar with T-accounts and gain insight into the purpose of the cash flow report.

3 hours to complete

14 videos (Total 67 min), 4 readings, 1 quiz

14 videos

1. Introduction to Week 32m

2. Recap of Week 23m

3. T-Accounts and Journal Entries5m

4. Setting up T-Accounts for the Campus Bookstore3m

5. Sales, Cost of Goods Sold, Collections from Customers and Payment to Suppliers7m

6. Other Operating Costs4m

7. Transactions with Non-Current Assets8m

8. Bank Loans and Interest4m

9. Taxes, Closing Entries and Payments of Dividends5m

10. Preparing the Balance Sheet3m

11. Preparing the Income Statement4m

12. Introducing the Cash Flow Statement I7m

13. Introducing the Cash Flow Statement II4m

14. Recap of Week 3 and Conclusions3m

4 readings

About Week 310m

Transactions Week 310m

Required Reading Week 3: "The Statement of Cash Flows"40m

Quiz 3 with Solutions10m

1 practice exercise

Quiz Week 330m

Week

Week 4

4 hours to complete

Week 4: Accrual Accounting

By using accrual accounting we can measure performance when a financial transaction takes place, even if no cash has actually changed hands. In this final session, we'll discuss the difference between accrual and cash accounting and also read and interpret a real enterprise's financial statements. Course objectives: By the end of the session, you will be able to handle numerous transactions for the purposes of financial reporting, and understand the advantages of accrual accounting.

4 hours to complete

11 videos (Total 67 min), 7 readings, 3 quizzes

11 videos

1. Introduction to Week 42m

2. Recap of Week 35m

3. Accrual accounting vs. cash accounting5m

4. Measuring performance with accrual accounting6m

5. A few examples: prepaid insurance, accrued interest and advances from customers7m

6. Performance evolution of the Campus Bookstore I8m

7. Performance evolution of the Campus Bookstore II7m

8. Reading and interpreting real financial statements I7m

9. Reading and interpreting real financial statements II4m

10. Advanced topics you can explore on your own6m

11. Conclusions6m

7 readings

About Week 410m

Transactions Week 410m

Quiz 4 Part I with Solutions10m

Quiz Week 4 Background Information for Reference10m

Reviews

4.8

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TOP REVIEWS FROM ACCOUNTING: PRINCIPLES OF FINANCIAL ACCOUNTING

by ZBJul 15, 2020

I love Prof Badia's way of teaching, it is so easy to understand and makes accounting look a lot less daunting or complicated. I enjoyed the course thoroughly and learned a lot!

by SMJun 21, 2020

prof marc badia explains each and every concept very crisply and also provides details understanding of each topics. I am really grateful to him for this course. Thank you very much Sir!!

by DBOct 2, 2016

Great course. Very well explained and really helped me understand the concepts of the three financial statements explained in the course. The reading material is very informative.

by MGMay 10, 2016

Curso ordenado y facil de seguir, excelente presentacion y el conocimiento adquirido es directamente aplicable. Muy util! El ingles del profesor es muy claro y el lenguaje es facil.

View all reviews

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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.
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.

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Accounting: Principles of Financial Accounting

About this Course

Skills you will gain