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Accounting for Decision Making
  • Level Professional
  • المدة 30 ساعات hours
  • الطبع بواسطة University of Michigan
  • Offered by

عن

Through this course, you will start by addressing the two "big questions" of accounting: "What do I have?" and "How did I do over time?" You will see how the two key financial statements " the balance sheet and the income statement - are designed to answer these questions and then move on to consider how individual transactions aggregate to make up these financial statements. After developing a broad understanding of accounting and financial statements, you will begin to develop a more nuanced understanding of individual components of doing business, such as making a sale or building inventory. By considering many of the more common actions of a company, you will build your understanding of accounting, and explore these concepts by applying them across various types of transactions. Once you understand these individual concepts better, you will be ready to return to the overall financial statements and use them as informational tools, including building ratios. You can do this course standalone or to qualify for the residential component of the Finance for Strategic Decision-Making Executive Education program. For more information, see the FAQ below.

الوحدات

Welcome to Accounting for Decision Making!!

    • 1 Videos
    • 4 Readings
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1 Videos

  • Welcome

4 Readings

  • The Structure of the Course
  • The Syllabus
  • Course Guidelines
  • Help us learn more about you!

Why Do We Have Accounting?

    • 5 Videos
    • 1 Readings
    • 1 Discussion
    • 1 Assignment
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1 Assignment

  • Overview Material

1 Discussions

  • Reconciling the goal of accounting with patterns of use

5 Videos

  • Why Do We Have Accounting?
  • What is Accrual Accounting?
  • What is a Balance Sheet?
  • What is an Income Statement?
  • Comparing the Two Statements

1 Readings

  • Introduction and Overview of Lesson One

Bookkeeping Tools

    • 4 Videos
    • 1 Readings
    • 2 Assignment
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2 Assignment

  • Transactions and Journal Entries
  • T-Accounts and Other Ways to Post

4 Videos

  • Transactions to Financial Statements
  • Journal Entries
  • T-Accounts
  • Using T-Accounts for Account Analysis

1 Readings

  • Introduction and Overview of Lesson Two

Quiz for Introduction Material

    • 2 Readings
    • 1 Assignment
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1 Assignment

  • Module One Test

2 Readings

  • Notice for Auditing Learners: Assignment Submission
  • Transactions for quiz

Getting Started on The Accounting Cycle

    • 2 Videos
    • 1 Readings
    • 1 Assignment
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1 Assignment

  • Quiz on Introduction to the Accounting Cycle

2 Videos

  • An Overview of the Accounting Cycle
  • Comprehensive Example Set Up

1 Readings

  • Introduction and Overview of Lesson Three

Externally Prompted Transactions

    • 1 Videos
    • 1 Readings
    • 1 Assignment
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1 Assignment

  • Transaction Entries

1 Videos

  • Recording Externally Prompted Transactions

1 Readings

  • Introduction and Overview of Lesson Four

Adjusting and Closing Journal Entries

    • 2 Videos
    • 1 Readings
    • 1 Assignment
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1 Assignment

  • Adjusting and Closing Journal Entries

2 Videos

  • Recording Adjusting Journal Entries
  • Recording Closing Journal Entries

1 Readings

  • Introduction and Overview of Lesson Five

Creating Financial Statements

    • 2 Videos
    • 1 Readings
    • 1 Discussion
    • 1 Assignment
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1 Assignment

  • Quiz Financial Statements

1 Discussions

  • Understanding the process for using financial statements

2 Videos

  • Making an Income Statement
  • Making a Balance Sheet

1 Readings

  • Introduction and Overview of Lesson Six

Quiz for the Accounting Cycle

    • 2 Readings
    • 1 Assignment
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1 Assignment

  • Accounting Cycle Comprehensive Quiz

2 Readings

  • Instructions for Quiz
  • Transactions to be Used for the Quiz

Revenue Recognition and Accounts Receivable

    • 4 Videos
    • 1 Readings
    • 1 Discussion
    • 2 Assignment
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2 Assignment

  • Revenue
  • Allowance for Doubtful Accounts

1 Discussions

  • Explaining the challenge of clarifying revenue recognition criteria

4 Videos

  • The Economics of Value Creation
  • Accounting Guidance on Revenue Recognition
  • Bookkeeping for Revenue Recognition
  • Accounting for the Allowance for Doubtful Accounts and the Bad Debt Expense

1 Readings

  • Introduction and Overview of Lesson Seven

Inventory and Costs of Goods Sold

    • 3 Videos
    • 1 Readings
    • 1 Discussion
    • 1 Assignment
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1 Assignment

  • Inventory and Cost of Goods Sold

1 Discussions

  • Defining an acceptable range of judgement for accounting classification

3 Videos

  • What goes into Inventory and Cost of Goods Sold
  • Which One Did We Sell? Inventory Cost Flow Assumptions
  • Bookkeeping for Inventory Transactions

1 Readings

  • Introduction and Overview of Lesson Eight

Quiz for Revenue, Accounts Receivable, Inventory and COGS

    • 1 Assignment
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1 Assignment

  • Module Three Test

The Basics of Accounting for Tangible Long Lived Assets

    • 3 Videos
    • 1 Readings
    • 1 Discussion
    • 1 Assignment
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1 Assignment

  • Basics of Depreciation

1 Discussions

  • Discussing the usefulness of creating standard lives and salvage values

3 Videos

  • How Do We Think About Long Lived Assets?
  • Basic Bookkeeping for Depreciation
  • Changing Depreciation Estimates

1 Readings

  • Introduction and Overview of Lesson Nine

Changing Estimates, Selling Assets and Using Assets to Make Other Assets

    • 2 Videos
    • 1 Readings
    • 1 Discussion
    • 1 Assignment
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1 Assignment

  • More Advanced Depreciation Topics

1 Discussions

  • Adjusting Estimates Going Forward

2 Videos

  • Selling an Asset
  • When an Asset is used to make another Asset

1 Readings

  • Introduction and Overview of Lesson Ten

The Basics of Accounting for Intangible Assets

    • 2 Videos
    • 1 Readings
    • 1 Discussion
    • 1 Assignment
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1 Assignment

  • Intangible Assets

1 Discussions

  • The Trouble with Understanding Intangibles

2 Videos

  • How Do We Think About Non-Physical Assets?
  • Bookkeeping for Amortization and Intangibles

1 Readings

  • Introduction and Overview of Lesson Eleven

Goodwill

    • 2 Videos
    • 1 Readings
    • 1 Discussion
    • 1 Assignment
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1 Assignment

  • Goodwill

1 Discussions

  • So is Goodwill Really an Asset

2 Videos

  • What is Goodwill?
  • Calculating Goodwill

1 Readings

  • Introduction and Overview for Lesson Twelve

What is an Asset Impairment?

    • 1 Videos
    • 1 Readings
    • 1 Assignment
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1 Assignment

  • Impairments

1 Videos

  • Asset Impairments

1 Readings

  • Introduction and Overview of Lesson Thteen

Quiz for Long-Lived Assets

    • 1 Assignment
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1 Assignment

  • Quiz for Long Lived Assets

Basic Liabilities Including Deferred Revenue

    • 2 Videos
    • 1 Readings
    • 1 Assignment
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1 Assignment

  • Basic Liabilities, including Deferred Revenue

2 Videos

  • An Overview of Liabilities
  • Deferred Revenue

1 Readings

  • Introduction and Overview Lesson Fourteen

Contingent Liabilities

    • 2 Videos
    • 1 Readings
    • 1 Discussion
    • 1 Assignment
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1 Assignment

  • Contingent Liabilities

1 Discussions

  • Judgement in Contingent Liabilities

2 Videos

  • What is a Contingent Liability?
  • Bookkeeping for Contingent Liabilities

1 Readings

  • Introduction and Overview Lesson Fifteen

Basic Stockholders Equity

    • 2 Videos
    • 1 Readings
    • 1 Assignment
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1 Assignment

  • Basic Equity Transactions

2 Videos

  • The Economics of Interacting with Owners
  • Basic Bookkeeping for Equity

1 Readings

  • Introduction and Overview Lesson Sixteen

Treasury Stock

    • 1 Videos
    • 1 Readings
    • 1 Assignment
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1 Assignment

  • Treasury Stock

1 Videos

  • Treasury Stock

1 Readings

  • Introduction and Overview for Lesson Seventeen

Quiz for Liabilities and Stockholders Equity

    • 1 Assignment
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1 Assignment

  • Liabilities and Stockholders Equity

Basics of Cash Flow Statements

    • 3 Videos
    • 1 Readings
    • 1 Assignment
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1 Assignment

  • Introduction to Cash Flows and Direct Cash Flow Statements

3 Videos

  • Why Do We Have Cash Flow Statements?
  • Putting Cash into Categories
  • Direct Cash Flow Example

1 Readings

  • Introduction and Overview of Lesson Eighteen

Indirect Cash Flow Statements

    • 2 Videos
    • 1 Readings
    • 1 Discussion
    • 1 Assignment
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1 Assignment

  • Indirect Cash Flow Statements

1 Discussions

  • Direct vs. Indirect Cash Flow Statements

2 Videos

  • What is an Indirect Cash Flow Statement
  • Indirect Cash Flow Example

1 Readings

  • Introduction and Overview of Lesson Nineteen

Changes in Working Capital Approach

    • 2 Videos
    • 1 Readings
    • 2 Discussion
    • 1 Assignment
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1 Assignment

  • Changes in Working Capital Approach

2 Discussions

  • What Information is on a Cash Flow Statement
  • Changes in Working Capital Shortcut

2 Videos

  • Changes in Working Capital
  • Indirect with Changes in Working Capital Example

1 Readings

  • Introduction and Overview Lesson Twenty

Quiz for Cash Flow Statements

    • 1 Assignment
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1 Assignment

  • Cash Flow Statements

What is a Ratio?

    • 2 Videos
    • 1 Readings
    • 1 Assignment
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1 Assignment

  • Introduction to Ratios

2 Videos

  • What is a Ratio?
  • Warnings About Ratios

1 Readings

  • Introduction and Overview of Session Twenty One

Building Ratios

    • 4 Videos
    • 1 Readings
    • 1 Assignment
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1 Assignment

  • Build Your Own Ratios

4 Videos

  • Build Your Own Ratios
  • Stock Over Stock
  • Flow Over Flow
  • Stock and Flow Ratios

1 Readings

  • Introduction and Overview of Lesson Twenty Two

Quiz for Ratios

    • 1 Assignment
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1 Assignment

  • Ratios

Comprehensive Evaluation

    • 1 Videos
    • 1 Readings
    • 1 Assignment
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1 Assignment

  • Cumulative Final Exam

1 Videos

  • Congratulations

1 Readings

  • Comprehensive Evaluation

What's Next?

    • 1 Videos
    • 3 Readings
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1 Videos

  • Greg Miller and Gautam Kaul

3 Readings

  • Go further
  • Post-Course Survey
  • Keep Learning with Michigan Online

Auto Summary

"Accounting for Decision Making" is a professional-level course in Business & Management offered by Coursera. Led by an expert instructor, it addresses fundamental accounting questions through key financial statements like balance sheets and income statements. The course covers transaction aggregation, sales, inventory management, and ratio building over 1800 minutes of content. Available via Starter, Professional, and Paid subscriptions, it's ideal for business professionals seeking to enhance their financial decision-making skills.

Greg Miller
Instructor

Greg Miller