Accounting Analysis I: The Role of Accounting as an Information System

This course is part of Financial Reporting Specialization

Instructor: Gerlando Lima

What you'll learn

  •    Analyze the structure, conceptual framework, and environment of accountancy
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  •   Apply the three steps involved in financial accounting (recognize, measure, and report) to practical scenarios
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  •    Evaluate the accounting processing cycle and its role in generating financial statements
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  •    Critically examine key financial statements and assess their significance for external decision makers
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    • Skills you'll gain

  •   Cash Flows
  •   International Financial Reporting Standards
  •   Generally Accepted Accounting Principles (GAAP)
  •   Financial Analysis
  •   Accounting
  •   Balance Sheet
  •   Financial Accounting
  •   Accrual Accounting
  •   Revenue Recognition
  •   Income Statement
  •   Financial Reporting
  •   Financial Statements

    • There are 9 modules in this course

    After a brief introduction to the course, we will spend time understanding the overall financial accounting structure and standards as well as review the fundamental accounting process used to prepare the financial statements, which will establish a framework for the study of the concepts in the remaining courses in the Financial Reporting Specialization. In this course, we will begin our review of key information included in the Balance Sheet and Income Statement and their related financial disclosures. The Statement of Cash Flows will be introduced briefly with more discussion to follow in later courses of the Specialization. Also, we will provide a cursory review of key concepts involving time value of money as we will finish this course with focus on revenue recognition, including discussion of the new revenue standard. We will review the general approach for recognizing revenue, special issues affecting revenue recognition including long-term construction contracts. In addition, we will discuss and review common ratios used in profitability analysis. The University of Illinois at Urbana-Champaign, consistently ranked as one of the nation's top three accounting programs, now offers a master’s in accounting at a very affordable tuition rate and is completely online. The iMSA is a full Master of Accountancy program and students graduate with an MS that is highly recognized. Try an open course or two, then apply for admission into the credit-bearing version as you may be eligible to take credit-bearing courses during the application process. If you are missing any prerequisites for the full degree, you can complete Coursera courses to demonstrate readiness and strengthen your application for the iMSA. For more information on this exciting iMSA online program, refer to this link: https://www.coursera.org/degrees/imsa

    Module 1: Financial Accounting Structure/Environment

    Module 2: Accounting Process

    Module 3: The Balance Sheet and Financial Disclosures

    Module 4: Income Statement, Comprehensive Income, and Statement of Cash Flows

    Module 5: Time Value of Money (TVOM)

    Module 6: Revenue Recognition Part I

    Module 7: Revenue Recognition Part II

    Module 8: Course Wrap-Up & Case Study

    Explore more from Business Essentials

    Accounting Analysis I: Measurement and Disclosure of Assets

    Accounting Fundamentals

    Fundamentals of Accounting

    Financial Accounting: Foundations

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