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.
Ce cours fait partie de la Spécialisation Foundations of Management
Accounting: Principles of Financial Accounting
proposé par
À propos de ce cours
4.8
737 notes
Compétences que vous acquerrez
Financial AccountingAccountingFinancial StatementBalance Sheet
Programme du cours : ce que vous apprendrez dans ce cours
Semaine
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 vidéos (Total 48 min), 7 lectures, 1 quiz
10 vidéos
1. Accounting: The Language of Business6 min
2. Practice Case: The Campus Bookstore I7 min
3. Practice Case: The Campus Bookstore II3 min
4. Accounting for our First Transactions3 min
5. Accounting for More Transactions5 min
6. Explaining the Balance Sheet7 min
7. Defining an Asset6 min
8. Defining a Liability4 min
9. Recap2 min
7 lectures
Course Overview & Syllabus5 min
Reminder of Coursera's Honor Code1 min
About Week 11 min
Transactions Week 15 min
Required Reading Week 1: "The Balance Sheet"30 min
Required Reading Week 1: "Introduction to Financial Accounting"45 min
Quiz 1 with Solutions10 min
1 exercice pour s'entraîner
Quiz Week 124 min
Semaine
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 vidéos (Total 49 min), 5 lectures, 1 quiz
11 vidéos
2. Recap of Week 11 min
3. Purchasing More Inventory3 min
4. Sales and Cost of Goods Sold7 min
5. Selling, General and Administrative Expenses4 min
6. Some Collections and Payments of Cash3 min
7. Depreciation and Amortization8 min
8. Interest from Bank Loan and Taxes3 min
9. Preparing the Balance Sheet3 min
10. Introducing the Income Statement6 min
11. Recap of Week 2 and Conclusions3 min
5 lectures
About Week 210 min
Transactions Week 210 min
Required Reading Week 2: "The Income Statement"30 min
Required Reading Week 2: "Introduction to Financial Accounting"10 min
Quiz 2 with Solutions10 min
1 exercice pour s'entraîner
Quiz Week 238 min
Semaine
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 vidéos (Total 67 min), 4 lectures, 1 quiz
14 vidéos
2. Recap of Week 23 min
3. T-Accounts and Journal Entries5 min
4. Setting up T-Accounts for the Campus Bookstore3 min
5. Sales, Cost of Goods Sold, Collections from Customers and Payment to Suppliers7 min
6. Other Operating Costs4 min
7. Transactions with Non-Current Assets8 min
8. Bank Loans and Interest4 min
9. Taxes, Closing Entries and Payments of Dividends5 min
10. Preparing the Balance Sheet3 min
11. Preparing the Income Statement4 min
12. Introducing the Cash Flow Statement I7 min
13. Introducing the Cash Flow Statement II4 min
14. Recap of Week 3 and Conclusions3 min
4 lectures
About Week 310 min
Transactions Week 310 min
Required Reading Week 3: "The Statement of Cash Flows"40 min
Quiz 3 with Solutions10 min
1 exercice pour s'entraîner
Quiz Week 340 min
Semaine
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 vidéos (Total 67 min), 5 lectures, 2 quiz
11 vidéos
2. Recap of Week 35 min
3. Accrual accounting vs. cash accounting5 min
4. Measuring performance with accrual accounting6 min
5. A few examples: prepaid insurance, accrued interest and advances from customers7 min
6. Performance evolution of the Campus Bookstore I8 min
7. Performance evolution of the Campus Bookstore II7 min
8. Reading and interpreting real financial statements I7 min
9. Reading and interpreting real financial statements II4 min
10. Advanced topics you can explore on your own6 min
11. Conclusions6 min
5 lectures
About Week 410 min
Transactions Week 410 min
Quiz 4 Part I with Solutions10 min
Quiz Week 4 Background Information for Reference10 min
Recommended Reading10 min
1 exercice pour s'entraîner
Quiz Week 4 - Part 124 min
4.8
205 avis33%
a commencé une nouvelle carrière après avoir terminé ces cours
27%
a bénéficié d'un avantage concret dans sa carrière grâce à ce cours
25%
a obtenu une augmentation de salaire ou une promotion
Meilleurs avis
par 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.
par 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
Enseignant
Marc Badia
Assistant ProfessorAccounting and Control
À propos 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.
À propos de la Spécialisation 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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