This course is designed to provide a basic understanding of financial statements with an emphasis on the balance sheet. However, to understand accounting driven financial statements, it is important to recognize that accounting is less about counting and more about measuring. “What is it that is being measured?” Well, as the course unfolds, you will learn about the three measurement questions and how the balance sheet helps to answer the first two of these questions. By touring a real company and interviewing real business people, the course describes the basic content of financial statements in a simple yet relevant context. The goal of the course is to leave a lasting impression about what balance sheet consists of and what it reveals. The next course in the Fundamentals of Accounting Specialization completes the conversation by addressing the remaining measurement question.
This course is part of the Fundamentals of Accounting Specialization
About this Course
Skills you will gain
- Financial Statement
- Balance Sheet
- Accounting Terminology
Syllabus - What you will learn from this course
Module 1: What Is Accounting and Why Are Financial Reports Important?
Module 2: Assets – What Do You Own?
Module 3: Liabilities – What Do You Owe?
Module 4: Equity and How the Balance Sheet Fits Together
- 5 stars80.56%
- 4 stars16.80%
- 3 stars1.97%
- 2 stars0.24%
- 1 star0.41%
TOP REVIEWS FROM UNDERSTANDING FINANCIAL STATEMENTS: COMPANY POSITION
Having worked with accountants for 11 years but only taking a few accounting classes in college, this taught me many things that help me better understand what the accountants are talking about.
Thanks for the awesome course. I understand more about the balance sheet and the basics of accounting and why it's necessary in the business world.
Great course! Mr Jackson put a lot of effort into the construction of the class and explained everything in detail so that you get a solid understanding of the Balance Sheet
Really great course and a useful one in terms of clearing the finance terms and how a company creates a balance sheet and how can we evaluate a company's position by looking at one's sheet.
About the Fundamentals of Accounting Specialization
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