Ce cours fait partie de la Spécialisation Business Foundations
Introduction to Financial Accounting
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À propos de ce cours
4.7
3,759 ratings
Master the technical skills needed to analyze financial statements and disclosures for use in financial analysis, and learn how accounting standards and managerial incentives affect the financial reporting process. By the end of this course, you’ll be able to read the three most common financial statements: the income statement, balance sheet, and statement of cash flows. Then you can apply these skills to a real-world business challenge as part of the Wharton Business Foundations Specialization.
Compétences que vous acquerrez
Financial AccountingAccountingFinancial StatementBalance Sheet
Programme du cours : ce que vous apprendrez dans ce cours
1
Section
Week 1: Introduction and Balance Sheet
To learn a foreign language like Accounting, you need quite a bit of practice in the basic foundations (grammar, syntax, idioms, etc.). This material is absolutely essential for being able to read and to understand books written in the language (in our case, financial statements.). This week, we will starting building these foundations. We will start with an overview of financial reporting. What types of reports are required? Who makes the rules? Who enforces the rules? Then, we will cover the balance sheet equation and define/discuss Assets, Liabilities, and Stockholders' Equity. We will introduce debit-credit bookkeeping and do lots of practice in translating transactions into debits and credits. Finally, we will introduce a case of a start-up company to provide you insights into all of the steps necessary to go from recording the first transactions of a new business all the way through its first set of financial statements.
9 vidéos (Total 128 min), 7 lectures, 2 quiz
9 vidéos
1.1.2: Financial Reporting Example12 min
1.2.1: Balance Sheet Equation12 min
1.2.2: Assets, Liabilities, and Stockholders' Equity19 min
1.3.1: Debit and Credit Bookkeeping I13 min
1.3.2: Debit and Credit Bookkeeping II16 min
1.4.1: Relic Spotter Case, Part 116 min
1.4.2: Relic Spotter Case, Part 215 min
1.5: 3M Company: Tour of an Annual Report10 min
7 lectures
Syllabus10 min
Frequently Asked Questions10 min
PDF files for videos10 min
PDF files for videos10 min
PDF files for videos10 min
PDF files for videos10 min
PDF files for videos10 min
2 exercices pour s'entraîner
Learning check-in2 min
Homework #120 min
2
Section
Week 2: Accrual Accounting and the Income Statement
We will start with a discussion of Accrual Accounting and how it affects the recognition of the Income Statement accounts: Revenues and Expenses. Then, we will cover adjusting entries, which are needed to prepare our internal books for the upcoming financial statements. Finally, we will discuss closing entries and the preparation of the Balance Sheet and Income Statement. At each stage, we will continue to work on the case of our start-up company. If you are not sick and tired of journal entries by the end of this week, then I have not done my job!
8 vidéos (Total 110 min), 6 lectures, 1 quiz
8 vidéos
2.2: Relic Spotter Case, Part 312 min
2.3.1: Adjusting Entries I15 min
2.3.2: Adjusting Entries II14 min
2.4.1: Relic Spotter Case, Part 4a11 min
2.4.2: Relic Spotter Case, Part 4b9 min
2.5: Financial Statements and Closing Entries16 min
2.6: 3M Company: Income Statement and Balance Sheet9 min
6 lectures
PDF files for videos10 min
PDF files for videos10 min
PDF files for videos10 min
PDF files for videos10 min
PDF files for videos10 min
PDF files for videos10 min
1 exercice pour s'entraîner
Homework #220 min
3
Section
Week 3: Cash Flows
Cash is King! We will start with the classification of cash flows into operating, investing, and financing activities. Then, we will work on preparing and analyzing the Statement of Cash Flows. We will wrap up the case on the start-up company by preparing and analyzing its Statement of Cash Flows. Finally, we will discuss the differences between Earnings, Cash from Operations, EBITDA, and Free Cash Flow.
7 vidéos (Total 115 min), 4 lectures, 1 quiz
7 vidéos
3.1.2: Relic Spotter Case, Part 516 min
3.2.1: Statement of Cash Flows14 min
3.2.2: Relic Spotter Case, Part 617 min
3.3.1: More SCF Topics and EBITDA17 min
3.3.2: Cash Flow vs. EBITDA Examples21 min
3.4: 3M Company: Cash Flows13 min
4 lectures
PDF files for videos10 min
PDF files for videos10 min
PDF files for videos10 min
PDF files for videos10 min
1 exercice pour s'entraîner
Homework #320 min
4
Section
Week 4: Ratio Analysis and Final Exam
We will have our final exam this week. Because of the exam, I will cover Ratio Analysis, which will not involve any "new" material. While we will define and discuss a number of ratios, they will all basically involve dividing one accounting number by another. But, the analysis of what those ratios mean will involve a deep understanding of Balance Sheet and Income Statement accounts. Thus, the Ratio Analysis videos will help provide a nice review of the material, which will help you prepare for the exam. However, there will be no questions about ratio analysis on the exam. The only thing left to do after this exam is to impress your family, friends, and co-workers with your vast knowledge of Financial Accounting!
5 vidéos (Total 73 min), 3 lectures, 2 quiz
5 vidéos
4.2: Plainview Technology Case, Part 116 min
4.3: Plainview Technology Case, Part 219 min
4.4: Plainview Technology Case, Part 310 min
4.5: 3M Company: Ratios5 min
3 lectures
PDF files for videos10 min
PDF files for videos10 min
PDF files for videos10 min
2 exercices pour s'entraîner
Final Exam, Part 124 min
Final Exam, Part 216 min
4.7
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Meilleurs avis
par MM•Feb 4th 2016
I took Brian Bushee's course and found him to be one of the BEST INSTRUCTORS I'VE EVER HAD IN MY ENTIRE LIFE. If you've had trouble with accounting courses in the past, HE IS THE INSTRUCTOR FOR YOU!!!
par BA•Feb 4th 2018
great course simple to understand and very entertaining. i really like the idea of the virtual students they add a nice touch to the course and the instructions and provide good questions and answers
Enseignant
Brian J Bushee
The Geoffrey T. Boisi ProfessorAccounting
À propos de University of Pennsylvania
The University of Pennsylvania (commonly referred to as Penn) is a private university, located in Philadelphia, Pennsylvania, United States. A member of the Ivy League, Penn is the fourth-oldest institution of higher education in the United States, and considers itself to be the first university in the United States with both undergraduate and graduate studies.
À propos de la Spécialisation Business Foundations
In this Specialization, you’ll develop basic literacy in the language of business, which you can use to transition to a new career, start or improve your own small business, or apply to business school to continue your education. In five courses, you’ll learn the fundamentals of marketing, accounting, operations, and finance. In the final Capstone Project, you’ll apply the skills learned by developing a go-to-market strategy to address a real business challenge.
Foire Aux Questions
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.
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Is financial aid available?
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