This course is designed to provide a basic understanding of financial statements with an emphasis on the income statement. Building on the foundation formed in the first course, you will learn about the third of our three measurement questions and how the income statement helps to answer this final measurement question. Returning to the real business people introduced in the first course, this second course describes the basic content of income statement in a simple yet relevant context. The course ends by summarizing many of the lessons learned in both courses to leave you with a lasting impression about what financial statements are and how accounting can work for you. We all know that accounting is “the language of business”; let’s make learning this language engaging, and perhaps even fun!
Understanding Financial Statements: Company Performance
This course is part of Fundamentals of Accounting Specialization
Instructor: Kevin E. Jackson
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There are 5 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
5 readings1 assignment1 discussion prompt1 plugin
This module introduces you to the primary components of the income statement by focusing on the concepts of revenue and cost of goods sold.
What's included
2 videos2 readings3 assignments
This module discusses examples of other income and expenses included in a typical income statement and introduces you to the statement of cash flows.
What's included
2 videos2 readings3 assignments
This module highlights common notes to the financial statements and provides insights from an expert.
What's included
2 videos2 readings3 assignments
This module revisits what the first two courses of the Fundamentals of Accounting Specialization have covered and examines how ratio analyses can help you evaluate a company.
What's included
3 videos3 readings3 assignments1 peer review1 discussion prompt1 plugin
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Recommended if you're interested in Business Essentials
University of Illinois Urbana-Champaign
Duke University
Corporate Finance Institute
University of Illinois Urbana-Champaign
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Reviewed on Feb 26, 2017
Great set of courses for a beginner in the accounting field. Informative and well taught. Thanks to Kevin Jackson for making potentially complicated subject matter simple and easy to relate to.
Reviewed on Apr 11, 2020
This course is so good you all should go through this it gives very practical examples and makes all my doubts clear.
Reviewed on Aug 27, 2022
This class provided all the information I needed to learn to understand the critical parts of the Income statement and how to use them to evaluate a company's performance.
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