Este curso forma parte de Programa Especializado - Fundamentals of Accounting
Understanding Financial Statements: Company Position
ofrecido por
Acerca de este Curso
4.7
309 ratings
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.
Upon successful completion of this course, you will be able to:
• Describe the purpose of a balance sheet.
• Define the three components of a balance sheet.
• Recognize and understand the meaning of several items typically presented on a balance sheet.
• Explain the broader purpose of financial statements and the role of accounting in producing the financial statements.
• Read and, to some extent, interpret real-world balance sheets.
If you enjoy this business course and are interested in an MBA, consider applying to the iMBA, a flexible, fully-accredited online MBA at an incredibly competitive price offered by the University of Illinois. For more information, please see the Resource page in this course and onlinemba.illinois.edu.
Habilidades que obtendrás
AccountingFinancial StatementBalance SheetAccounting Terminology
Programa - Qué aprenderás en este curso
1
Sección
Course Orientation
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.
1 video (Total: 2 min), 5 readings, 1 quiz
5 lecturas
Syllabus10m
About the Discussion Forums10m
Glossary10m
Updating Your Profile10m
Social Media10m
1 ejercicio de práctica
Orientation Quiz10m
Module 1: What Is Accounting and Why Are Financial Reports Important?
This module will introduce you to the basics of financial statements by emphasizing the links between accounting, measurement, and financial statements.
2 videos (Total: 23 min), 2 readings, 3 quizzes
2 lecturas
Module 1 Overview10m
Module 1 Readings10m
3 ejercicios de práctica
Lesson 1-1 Practice Quiz4m
Lesson 1-2 Practice Quiz4m
Module 1 Quiz40m
2
Sección
Module 2: Assets – What Do You Own?
This module will explain the basics of the balance sheet, provide a working definition of assets, and give you an overview of assets typically presented on the balance sheet.
2 videos (Total: 23 min), 2 readings, 3 quizzes
2 lecturas
Module 2 Overview10m
Module 2 Readings10m
3 ejercicios de práctica
Lesson 2-1 Practice Quiz4m
Lesson 2-2 Practice Quiz4m
Module 2 Quiz40m
3
Sección
Module 3: Liabilities – What Do You Owe?
This module will introduce you to the concept of liabilities and explain what they are and how they can arise.
2 videos (Total: 24 min), 2 readings, 3 quizzes
2 videos
3-2. The Balance Sheet – Liabilities Part 213m
2 lecturas
Module 3 Overview10m
Module 3 Readings10m
3 ejercicios de práctica
Lesson 3-1 Practice Quiz4m
Lesson 3-2 Practice Quiz4m
Module 3 Quiz40m
4
Sección
Module 4: Equity and How the Balance Sheet Fits Together
This module will build an intuition for what equity represents. It will also explain how the components of the balance sheet relate to one another.
2 videos (Total: 18 min), 2 readings, 4 quizzes
2 lecturas
Module 4 Overview10m
Module 4 Readings10m
3 ejercicios de práctica
Lesson 4-1 Practice Quiz4m
Lesson 4-2 Practice Quiz4m
Module 4 Quiz40m
4.7
50%
83%
33%
Principales revisiones
por SN•Oct 25th 2017
I really enjoyed the professor's clear explanations. This has helped me understand the balance sheet, which will help me understand my current and future companies more clearly. Thanks!
por BM•Aug 27th 2016
This course is a great introduction to understanding Balance Sheets and has been a big help to me in my job. I highly recommend this course and I really liked the Professor.
Instructor
Kevin E. Jackson
Associate Professor of Accountancy and PwC Faculty FellowDepartment of Accountancy, College of Business
Acerca de University of Illinois at Urbana-Champaign
The University of Illinois at Urbana-Champaign is a world leader in research, teaching and public engagement, distinguished by the breadth of its programs, broad academic excellence, and internationally renowned faculty and alumni. Illinois serves the world by creating knowledge, preparing students for lives of impact, and finding solutions to critical societal needs.
Acerca del programa especializado Fundamentals of Accounting
Accounting is the “language of business.” Being able to understand this language allows individuals both inside and outside of an organization to join the “conversation” about how the organization is performing and how it can improve future performance. Financial accounting focuses on the reports that managers generate to provide interested external parties a summary of the firm’s financial position and operations. Managerial accounting focuses on the information and the analytical tools and techniques that help managers and employees make the right business decisions.
In this Specialization, you will learn the fundamentals of both of these purposes of accounting. More specifically, you will understand the financial statements that managers create, and be able to interpret and analyze these statements to assess the financial position of the organization. You will also identify and understand the nature, purpose, and importance of different types of decision-useful accounting information, and use analytical tools and techniques to use this information to make business decisions. Via the capstone, you will apply these fundamentals via the lens of a new business, creating a business plan, forecasts and budgets, and anticipated information needs for decisions made by you as owner and manager, your employees, and external parties such as future shareholders, creditors, and other constituents.
Preguntas Frecuentes
When will I have access to the lectures and assignments?
Once you enroll for a Certificate, you’ll have access to all videos, quizzes, and programming assignments (if applicable). Peer review assignments can only be submitted and reviewed once your session has begun. If you choose to explore the course without purchasing, you may not be able to access certain assignments.
What will I get if I subscribe to this Specialization?
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.
What is the refund policy?
Is financial aid available?
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