In this course, you will explore advanced topics in financial accounting. You will start your journey with accounting for assets with more than one-year life. You will learn in detail how firms account for fixed assets. You will then move to financing of assets and discuss accounting for liabilities. The course will continue with an in-depth exploration of shareholders’ equity. Finally, you will critically evaluate preparation, components, and analysis of cash flows statement. Upon successful completion of this course, you will be able to: • Account for fixed assets • Understand accounting for liabilities • Evaluate shareholders’ equity section of a balance sheet • Understand preparation and information provided by cash flows statement This course is part of the iMBA offered by the University of Illinois, a flexible, fully-accredited online MBA at an incredibly competitive price. For more information, please see the Resource page in this course and onlinemba.illinois.edu.
M1L3V1: Disposal of Fixed Assets
Skills You'll Learn
Cash Flow, Financial Accounting, Cash Flow Statement, Financial Statement
Reviews
MD
Sep 26, 2019
Fantastic class, even for those that do not have an accounting background. Incredibly, Prof. Urcan taught multiple advanced topics without ever using the terms 'debit' or 'credit'.
CB
Jan 23, 2019
Briliant! I went from 0 to 100 in a month - compact, clear and meaningful. Prof Urcan is a great teacher. Do both certificates in fundamentals and advanced.
Long-term assets, assets that can be converted into cash in a time period of more than one year, constitute a large portion of a balance sheet for a lot of public companies. Understanding accounting for long-term assets will help you uncover how these accounts change over time, their valuation, and their usefulness in managerial decision making.
Taught By
Oktay Urcan
Associate Professor of Accountancy