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.
Este curso forma parte de Programa Especializado - Foundations of Management
Accounting: Principles of Financial Accounting
ofrecido por
Acerca de este Curso
4.8
706 calificaciones
Habilidades que obtendrás
Financial AccountingAccountingFinancial StatementBalance Sheet
Programa - Qué aprenderás en este curso
Semana
1Course 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.
10 videos (Total 48 minutos), 7 readings, 1 quiz
10 videos
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 lecturas
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 ejercicio de práctica
Quiz Week 124m
Semana
2Week 2: The Income Statement
Now that you are familiar with the balance sheet, in week two we'll learn how to account for a variety of transactions. In addition, I'll introduce you to another key financial report: the income statement. Course objectives: To be able to recognize a broader range of transactions on the balance sheet and to become familiar with the income statement.
11 videos (Total 49 minutos), 5 readings, 1 quiz
11 videos
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 lecturas
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 ejercicio de práctica
Quiz Week 238m
Semana
3Week 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.
14 videos (Total 67 minutos), 4 readings, 1 quiz
14 videos
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 lecturas
About Week 310m
Transactions Week 310m
Required Reading Week 3: "The Statement of Cash Flows"40m
Quiz 3 with Solutions10m
1 ejercicio de práctica
Quiz Week 340m
Semana
4Week 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.
11 videos (Total 67 minutos), 5 readings, 2 quizzes
11 videos
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
5 lecturas
About Week 410m
Transactions Week 410m
Quiz 4 Part I with Solutions10m
Quiz Week 4 Background Information for Reference10m
Recommended Reading10m
1 ejercicio de práctica
Quiz Week 4 - Part 124m
83%
consiguió un beneficio tangible en su carrera profesional gracias a este curso
20%
consiguió un aumento de sueldo o ascenso
Principales revisiones
por EN•Jul 17th 2018
The course was very interesting with a lot of real-life scenarios that made it very relatable. I will highly recommend it to anyone trying to find thier way through financial accounting principles.
por DP•Jul 17th 2017
Its pretty easy to understand with a relevant real world example on how to understand financial statements. It also provide further reading which is helpful for ones who want to learn more
Instructor
Marc Badia
Assistant ProfessorAccounting and Control
Acerca de IESE Business School
For over fifty years, IESE, the graduate business school of the University of Navarra, has been at the forefront of management education, developing and inspiring business leaders who strive to make a deep, positive and lasting impact on the people, companies and society they serve.
Acerca del programa especializado Foundations of Management
Good management is equal parts knowing and doing. No matter what industry you work in or where you are in your career, a basic understanding of financial, marketing and decision-making principles and other management fundamentals will help you achieve your professional goals - be it getting promoted in your current job, getting ready for a MBA program, or starting your own company.
This Specialization will give you a comprehensive introduction to the practice of management through the lens of four key disciplines: accounting, finance, marketing, and organizational behavior. In each course, you'll analyze real business cases from these four perspectives. In the final Capstone Project, you’ll apply what you’ve learned to develop a holistic solution to a real-world business dilemma.
This Specialization will provide you with the skill set needed to help achieve the next step in your career.
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