Jun 12, 2018
One of the most practical courses I have taken in Coursera. Highly recommended for professionals in Business, Strategy, and Finance & Accounting departments, as well as stock market investors.
Feb 05, 2016
The course makes accounting interesting and especially the examples are very illustrative. Virtual students bring some fun. The 4th week is however really integrated in the course structure.
par Kuljeet K•
Mar 01, 2017
Feb 28, 2016
par Amit C•
Apr 04, 2020
par Mindru D•
Oct 18, 2017
par Govind R A•
Aug 01, 2017
par Jan Z•
Jan 05, 2016
This is my feedback as a Beta-Tester for the course:
I thought that the videos were clear, well organized and flowed well from topic to topic. There was a clear logic as the professor developed the various ratios.
What was missing for me was some in-line quizzes. Not the “tell me what I just told you type” but rather ones that make you think. So, for example, in the final video for Week 1, the optional video, instead of just suggesting that the students “play” with the spreadsheet, I think it would be better to give them an actual task or two… “change the assumption about X to <this value>. What is the impact on the Y ratio? Why?” I liked that he showed what numbers needed to be changed to make the share valuation closer to $55. But rather than just telling us the answer, this would be another opportunity to have the students stop the video and go try it themselves. With a specific task, it is likely that more students will go and work with the spreadsheet. This is where the real learning takes place.
One of the things that I really liked about the design of prior courses by Professor Bushee was the fact that he had examples throughout the videos that had you apply the information right away. But, perhaps this is just me. I know that I learn a lot better by doing rather than just watching the videos and going “yeah… that makes sense. I understand…” I also recognize that some students, in past courses, have probably said they don’t find the in-line quizzes valuable. But, is that a reflection of the value of in-line quizzes as a whole or just in-line quizzes that simply require “parroting” something said in the video.
I’m sure that the professor can come up with lots of examples. In Week 1 Video 1 the in-line quiz might provide some numbers for De-levered Net Income, Sales, Average Total Assets and Average Shareholder’s Equity and asking for the results of each of the ratios in the Dupont Analysis. And maybe a “think about what this means” type question that is not necessarily “marked” but for which an answer is provided in the video. Alternatively, he could have the students change some specific things in the Woof Junction spreadsheet and indicate what impact that has on the ratios and why.
Week 1 Video 2 offers lots of similar opportunities with the Profitability and Turnover Ratios. Perhaps requiring the students to work backwards from a specific ratio to determine gross profit would be effective. Or, perhaps a question that relates strategy specifically to the ratios. For example, what would happen to the Gross Margin if Woof introduced a credit card and days receivable increased to 31.6 in 2015? Just something to engage people with the materials.
All of the videos offer similar opportunities and I think having specific problems or questions will enhance the learning experience rather than just suggesting that they “go look at the spreadsheet”. The audience for these courses tends to be quite a bit different from your average upper tier university student and probably needs a bit more “hand holding” and “direction” in order to be successful.
Also, if Professor Bushee expects students will watch the optional videos anyway, why make them optional? In the case of the Valuation Video, despite some of the mathematics being a little “scary” for some students, I think that the information there is really useful and helps to solidify an understanding of the spreadsheet.
I’m wondering if an in-quiz question would be helpful. Perhaps it might provide a new set of financials for Woof Junction and ask for ratio calculation and what that means in terms of their position in the marketplace or something similar. Just some practice questions to get people working with the information.
Same comments basically apply for the remainder of the weeks. I think that it would help the students to have some in-line quizzes – this not only breaks up the longer videos and helps to keep students focused but also provides a reinforcement of key concepts.
I really liked the quiz for Week 1 even though I struggled with the questions where there are multiple correct responses. The quiz effectively reinforces the information covered very well and requires one to think about what was covered in the lectures.
You may want to remind students that the questions may change from quiz to quiz. In many of these on-demand courses, the quiz questions do not change and students may be in the habit of not rereading the questions they have gotten correct on previous attempts.
Week 2 – Revenue After Cash Collection at 7:39 – talking about Days Unearned Revenue and mentions that an “increase means slower future recognition”. A bit more explanation around what that means would be useful.
Week 3 – no particular additional comments on the lectures other than some in-line questions might be good.. I found Benford’s Law really interesting.
Week 4. It would be really nice to have something to break up the lectures – some in-line quiz questions might help. This would also help to reinforce the material.
Week 4 quiz Question 9 -, the double negative wording of the question and the correct response may cause confusion for students – particularly for those for whom English is not their native language.
I enjoyed the course and learned a lot. I was wondering whether it would be possible to provide a summary document with all the key information from each week related to the ratio calculations and the key things to look for related to those ratios. I know that the ratios are provided in the spreadsheet but it might be good to have a written summary with some supplemental information about how to use the ratios.
I think in-line quizzes or practice questions would be helpful for students – perhaps ones that asked students to do specific things in the spreadsheet and come back with an answer. They don’t need to be long or complicated – just something that gets people into the spreadsheets and working with them early. You may want to do something stronger to encourage them to “play” with the spreadsheet. Many will feel reluctant to change the numbers in the spreadsheet for fear of “messing” it up. Perhaps a reminder that they can change whatever they want because if they mess something up they can always download it again. Or they can save a copy and play in that leaving the original untouched.
It also might be a good idea to have a “playground” sheet where there is a simple set of Financial Statements and the students can try changing things in the financial statements and see the impact on the key ratios without having to move from one spreadsheet to another – so, a combination of the Original tab and the first two columns of the Ratios tab. You might even want to have two columns for the ratios – one for the ratios with the original numbers that does not change (fixed values) and one for the changed numbers, so students can see the effect of the changes easily.
In terms of the spreadsheets, I thought that the Original, the Ratios and the CommonSize tabs were fairly straight forward and relatively easy to understand. That may not be the case for people less familiar with MS-EXCEL but I don’t know what the target audience is for this course so the students may all be proficient with the tool. On the Valuation tab, I was wondering if the numbers in Row 41 should be highlighted in some way to emphasize that they are Years. That is not clear on first glance.
There are a lot of mistakes in the subtitles. I pointed out many of these by flagging the specific videos where they occurred.
Thank you for the opportunity to participate in the beta-test of this course. I hope that my comments are helpful and that I have not missed too much that causes students issues as the course goes live.
par Mohammad A•
Jan 31, 2020
This course requires solid knowledge in accounting, so should include accounting fundamentals as a prerequisite for this course, I think the plan for BA specialization should take this into future consideration.
In the other hand professors were very good in explaining their material especially Bushee, and it gave me great new insights on how to track earning manipulations, use prediction tools for decision-making etc.
As an introductory course to accounting analytics I think this course was very good but not excellent.
par Vera D•
Apr 28, 2020
Good course, requiring some prior knowledge of Accounting. It equipped me with a good knowledge of financial statements analysis and earning management basics. The big data block is not actually about the big data, it still gives you a good overview of how to identify earnings management on a greater scale. I was particularly excited about the correlation between financial and non-financial measures, but it has honestly disappointed me. I found it this block rather theoretical and ill-presented.
par James T•
May 18, 2020
I found Professor Ittner very enjoyable and entertaining. He was animated and smiling why presenting. I liked that a lot. Professor Bushee on the other hand, needs improvement in his presentation. The content was great, however, the delivery of the information needs work. The two major issues 1) He was way too close up to the camera like he was in my face which made it uncomfortable to look at the screen, 2) I felt the animated classroom was a complete waste of time and did nothing for me.
par Mahbuba C•
May 06, 2020
I really enjoyed the Course and have learned a lot. The lectures given by Professor Brian was really helpful and interesting. I wish I could say the same for Professor Ittner. I think his lecture was a bit too much of information at a stretch. It was helpful but it was a bit difficult to concentrate on it too longer. But overall, I have learned quite a lot and am very satisfied with the course
par Michael D•
Jul 20, 2016
I have many hours of undergraduate accounting and finance course work under my belt and this class gives you a tremendous overview of financial statement analysis. The only disadvantage is that the professor creates the workbooks for you and you only have to answer conceptual questions. While this would be great for some, I was hoping for some more hands on work to practice.
par Torrey C•
May 07, 2018
Pretty tough for the first two sections if you, like me, don't know anything about the basics of accounting or financial statements, but still doable. If you have the time, I do recommend taking an accounting overview first to ground you in basic concepts.
Second two sessions are great for folks like me who already work in what they call "big data" analytics.
par Poorya F•
Jul 14, 2017
It is better to have a basic understanding of accounting before you take this course. I was lucky that I'd taken Prof. Bushee's accounting course on coursera before i enrolled this one. Anyhow, I learnt a lot from the course. The last part is like any other course in an MBA program, just talking and reminding about obvious facts!
par Dennis L W•
Sep 23, 2016
This is an excellent course, especially for someone with near zero knowledge of financial statements and their analysis. The concepts are clearly presented, with interesting details and supporting examples of their use. The inane comments by cartoon characters using poorly simulated accents is only mildly irritating.
par Vijay R•
Oct 22, 2019
Little difficult to follow, but then you cannot expect a non finance/economics guy to understand each term well. I had little knowledge about finance and related areas, but this course made me realize i haven't even breezed over the surface. If you understand this course well, trust me you will do great in this field.
par Hendrik S•
Oct 01, 2016
Interesting course. Motivating instructors. Tests were sometimes a bit too much about semantics and too little about applying knowledge in a practical way (which the course intro hinted on). But it was good value, manageable next to job and private life and fun to do. You won't regret it.
par Kundyz B•
Aug 15, 2019
+ Topics discussed in this course are interesting for financial investigation.
- Quite difficult to follow the professor Bushee. I highly recommend to go through all excel spreadsheets before taking the test.
Nevertheless, I still would like to thank both professors for a great job
par Eleonora N•
Feb 05, 2016
Definitely good course for those working in either accounting or analytics. It gave me new ideas on how to apply analytical methods. Interesting examples on how to identify number management and how analytics can help to set up non-financial metrics that drive financial outcomes.
par Bryan H•
Apr 21, 2018
A good review of financial ratio, how to apply them and statistics to analyze financial statements in industry groups. The most notable contribution was linking non-financial metrics to financial performance. Something that is done frequently by successful organizations.
par LARE Y D•
May 05, 2016
Thanks to the Professor Brian Bushee for the good explanations. I learned a lot. I find the module 4 so difficult for me. The Prof Christopher Ittner is speaking like CNN journalist and not easy for a non native US or English speaker like me to follow.
par Bruno G•
Apr 30, 2017
week 1 and 2 were kind of boring, but maybe necessary; weeks 3 and 4 were more interesting from a business point of view (i'm not so much interested in accounting as in business decisions).
the virtual class of professor Bushee was quite funny :)
par Hantian G•
Feb 06, 2016
This course provides a deeper insight into financial and nonfinancial performance on a pragmatic basis. However the course itself is really brief and the exercises cannot thoroughly provide reliable measure of the understanding of the lectures.
par Amit B•
Feb 07, 2016
This was a good course, no doubt about it. But i felt, that the subject needed more depth that the course framework allowed. I would have liked if it had a part 2 for this course for people who wanted to go little more hands-on in this subject.
Mar 18, 2019
I am very grateful to the two professors for their wonderful lectures. They have a humorous explanation on such a profound course, and finally instilled the essence of business analysis in accounting. Thanks again to the two professors!
par robert k•
Jun 08, 2016
Rather robust material with strong focus on "deceptive" practice detection. A lot of ratio analyses, each with its own moniker which I found tedious. Informative and confirmed that I don't have the "accountant gene".