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Accounting Analysis I: Measurement and Disclosure of Assets
  • Level Professional
  • Duration 22 hours
  • Course by University of Illinois Urbana-Champaign
  • Offered by

About

**NOTE: You should complete the Accounting Analysis I: The Role of Accounting as an Information System course or be familiar with the concepts taught there before beginning this course.** This course is the second course in a five-course Financial Reporting Specialization that covers the collection, processing, and communication of accounting information (via financial reports) about economic entities to interested parties (i.e., managers and external stakeholders such as stockholders and creditors). To gain the most relevant knowledge from these courses, learners should have taken a basic accounting course prior to this Specialization (which can be done through Coursera courses, such as any accounting course from the Fundamentals of Accounting Specialization: https://www.coursera.org/specializations/accounting-fundamentals). This Specialization focuses on accounting concepts, principles and theory with an emphasis on problems that arise in applying these concepts for external reporting purposes. Specific emphasis is placed on measurement of assets, liabilities, equities and income, as well as disclosure of additional information that may assist users understand the financial reports. In this course, we will begin our review of key asset categories underlying the Balance Sheet concepts that were introduced in the previous course. We will begin our trek down the Balance Sheet by reviewing cash and receivables, which are normally the two assets listed first. We will continue our trek down the Balance Sheet by looking at inventory and long-lived assets, which are normally two of the largest asset values. We will review the measurement and reporting issues involving Inventories and the corresponding cost of goods sold expense in the Income Statement. In the latter half of this course we will conclude our review of key asset categories by looking at both tangible and intangible long-lived assets that are so vital to the production of goods and services. This will entail discussion of both acquisition and disposition of property, plant and equipment as well as cost allocation. Next, we will discuss possible impairment of these assets as well as the proper treatment of expenditures made after acquisition. Lastly, we will review how to identify and account for debt and equity investments. 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

Modules

About the Course

    • 2 Videos
    • 3 Readings
    • 1 Quiz
    • 1 Plugin
Show info about module content

2 Videos

  • Meet Your Instructor: Gerlando Lima, PhD
  • The Impact of the Gies Community

3 Readings

  • Syllabus
  • About the Discussion Forums
  • Online Education at Gies College of Business

1 Quiz

  • Orientation Quiz

About Your Classmates

    • 1 Readings
    • 1 Discussion
Show info about module content

1 Discussions

  • Getting to Know Your Classmates

1 Readings

  • Updating Your Profile

Module 1 Information

    • 1 Videos
    • 2 Readings
Show info about module content

1 Videos

  • Introduction to Cash & Accounts Receivable

2 Readings

  • Module 1 Overview
  • Module 1 Readings

Lesson 1-1: Cash and Cash Equivalents, Internal Controls, and Cash Restriction/Discounts

    • 1 Videos
    • 1 Quiz
Show info about module content

1 Videos

  • Cash and Cash Equivalents, Internal Controls, and Cash Restriction/Discounts

1 Quiz

  • Cash and Cash Equivalents, Internal Controls, and Cash Restriction Discounts Knowledge Check

Lesson 1-2: Receivables, Uncollectable Receivables and Bad Debt Expense Estimation Methods

    • 1 Videos
    • 1 Quiz
Show info about module content

1 Videos

  • Receivables, Uncollectable Receivables and Bad Debt Expense Estimation Methods

1 Quiz

  • Receivables, Uncollectable Receivables and Bad Debt Expense Estimation Methods Knowledge Check

Lesson 1-3: Notes Receivable and Receivables Financing and Management

    • 1 Videos
    • 1 Assignment
Show info about module content

1 Assignment

  • Notes Receivable and Receivables Financing and Management Knowledge Check

1 Videos

  • Notes Receivable and Receivables Financing and Management

Lesson 1-4: Bank Reconciliations

    • 1 Videos
    • 1 Quiz
Show info about module content

1 Videos

  • Bank Reconciliations

1 Quiz

  • Bank Reconciliations Knowledge Check

Lesson 1-5: U.S. GAAP x IFRS

    • 2 Videos
    • 1 Quiz
Show info about module content

2 Videos

  • U.S. GAAP x IFRS
  • Wrap-Up to Cash & Accounts Receivable

1 Quiz

  • U.S. GAAP x IFRS Knowledge Check

Module 1 Graded Activities

    • 1 Quiz
Show info about module content

1 Quiz

  • Cash & Accounts Receivable Quiz

Module 2 Information

    • 1 Videos
    • 2 Readings
Show info about module content

1 Videos

  • Introduction to Inventory - Measurement

2 Readings

  • Module 2 Overview
  • Module 2 Readings

Lesson 2-1: Types of Inventory Systems and Costs Included

    • 1 Videos
    • 1 Assignment
Show info about module content

1 Assignment

  • Types of Inventory Systems and Costs Included Knowledge Check

1 Videos

  • Types of Inventory Systems and Costs Included

Lesson 2-2: Inventory Costing Methods and Factors Influencing Choice

    • 1 Videos
    • 1 Assignment
Show info about module content

1 Assignment

  • Inventory Costing Methods and Factors Influencing Choice Knowledge Check

1 Videos

  • Inventory Costing Methods and Factors Influencing Choice

Lesson 2-3: Inventory Ratio Analysis and Methods of Simplifying LIFO

    • 2 Videos
    • 1 Quiz
Show info about module content

2 Videos

  • Inventory Ratio Analysis and Methods of Simplifying LIFO
  • Wrap-Up to Inventory - Measurement

1 Quiz

  • Inventory Ratio Analysis and Methods of Simplifying LIFO Knowledge Check

Module 2 Graded Activities

    • 1 Quiz
Show info about module content

1 Quiz

  • Inventory Measurement Quiz

Module 3 Information

    • 1 Videos
    • 2 Readings
Show info about module content

1 Videos

  • Introduction to Inventory Additional Issues

2 Readings

  • Module 3 Overview
  • Module 3 Readings

Lesson 3-1: Inventory Estimation Methods

    • 1 Videos
    • 1 Assignment
Show info about module content

1 Assignment

  • Inventory Estimation Knowledge Check

1 Videos

  • Inventory Estimation Methods

Lesson 3-2: Cost Flow Methods

    • 1 Videos
    • 1 Quiz
Show info about module content

1 Videos

  • Cost Flow Methods

1 Quiz

  • Cost Flow Methods Knowledge Check

Lesson 3-3: Changes in Inventory Methods and Errors in Inventory

    • 1 Videos
    • 1 Quiz
Show info about module content

1 Videos

  • Changes in Inventory Methods and Errors in Inventory

1 Quiz

  • Changes in Inventory Methods and Errors in Inventory Knowledge Check

Lesson 3-4: Subsequent Measure of Inventory

    • 1 Videos
    • 1 Assignment
Show info about module content

1 Assignment

  • Subsequent Measure of Inventory Knowledge Check

1 Videos

  • Subsequent Measure of Inventory

Lesson 3-5: U.S. GAAP x IFRS

    • 2 Videos
    • 1 Quiz
Show info about module content

2 Videos

  • U.S. GAAP x IFRS
  • Wrap-Up to Inventory - Additional Issues

1 Quiz

  • U.S GAAP x IFRS Knowledge Check

Module 3 Graded Activities

    • 1 Quiz
Show info about module content

1 Quiz

  • Inventory Additional Issues Quiz

Module 4 Information

    • 1 Videos
    • 2 Readings
Show info about module content

1 Videos

  • Introduction to PP&E and Intangible Assets: Acquisition

2 Readings

  • Module 4 Overview
  • Module 4 Readings

Lesson 4-1: Recognition and Measurement

    • 1 Videos
    • 1 Quiz
Show info about module content

1 Videos

  • Recognition and Measurement

1 Quiz

  • Recognition and Measurement Knowledge Check

Lesson 4-2: Lump-Sum Purchases, Noncash Acquisition and Exchanges

    • 1 Videos
    • 1 Quiz
Show info about module content

1 Videos

  • Lump-Sum Purchases, Non-Cash Acquisition and Exchanges

1 Quiz

  • Lump-Sum Purchases, Noncash Acquisition and Exchanges Knowledge Check

Lesson 4-3: Self-Constructed Assets

    • 1 Videos
    • 1 Quiz
Show info about module content

1 Videos

  • Self-Constructed Assets

1 Quiz

  • Self Constructed Assets Knowledge Check Knowledge Check

Lesson 4-4: Research and Development

    • 2 Videos
    • 1 Quiz
Show info about module content

2 Videos

  • Research and Development
  • Wrap-Up to PP&E and Intangible Assets: Acquisition

1 Quiz

  • Research and Development Knowledge Check

Module 4 Graded Activities

    • 1 Quiz
Show info about module content

1 Quiz

  • PP&E and Intangible Assets: Acquisition Quiz

Module 5 Information

    • 1 Videos
    • 2 Readings
Show info about module content

1 Videos

  • Introduction to PP&E and Intangibles - Utilization & Impairment

2 Readings

  • Module 5 Overview
  • Module 5 Readings

Lesson 5-1: Depreciation, Depletion, and Amortization

    • 1 Videos
    • 1 Quiz
Show info about module content

1 Videos

  • Depreciation, Depletion, and Amortization

1 Quiz

  • Depreciation, Depletion, and Amortization Knowledge Check

Lesson 5-2: Change in Estimates, Errors, and Impairment

    • 1 Videos
    • 1 Quiz
Show info about module content

1 Videos

  • Change in Estimates, Errors, and Impairment

1 Quiz

  • Change in Estimates, Errors, and Impairment Knowledge Check

Lesson 5-3: Subsequent Expenditures

    • 1 Videos
    • 1 Quiz
Show info about module content

1 Videos

  • Subsequent Expenditures

1 Quiz

  • Subsequent Expenditures Knowledge Check

Lesson 5-4: U.S. GAAP x IFRS

    • 2 Videos
    • 1 Quiz
Show info about module content

2 Videos

  • U.S. GAAP x IFRS
  • Wrap-Up to PP&E and Intangibles - Utilization & Impairment

1 Quiz

  • U.S. GAAP x IFRS Knowledge Check

Module 5 Graded Activities

    • 1 Quiz
Show info about module content

1 Quiz

  • PP&E and Intangibles - Utilization & Impairment Quiz

Module 6 Information

    • 1 Videos
    • 2 Readings
Show info about module content

1 Videos

  • Introduction to Debt Investments

2 Readings

  • Module 6 Overview
  • Module 6 Readings

Lesson 6-1: Concepts, Characteristics, and Classifications

    • 1 Videos
    • 1 Quiz
Show info about module content

1 Videos

  • Concepts, Characteristics, and Classifications

1 Quiz

  • Concepts, Characteristics, and Classifications Knowledge Check

Lesson 6-2: Identifying and Classifying Debt Investments

    • 1 Videos
    • 1 Quiz
Show info about module content

1 Videos

  • Identifying and Classifying Debt Investments

1 Quiz

  • Identifying and Classifying Debt Investments Knowledge Check

Lesson 6-3: U.S. GAAP x IFRS

    • 2 Videos
    • 1 Quiz
Show info about module content

2 Videos

  • U.S. GAAP x IFRS
  • Wrap-Up to Debt Investments

1 Quiz

  • U.S GAAP x IFRS Knowledge Check

Module 6 Graded Activities

    • 1 Quiz
Show info about module content

1 Quiz

  • Debt Investments Quiz

Module 7 Information

    • 1 Videos
    • 2 Readings
Show info about module content

1 Videos

  • Introduction to Equity Investments

2 Readings

  • Module 7 Overview
  • Module 7 Readings

Lesson 7-1: Equity Investments Concepts, Characteristics, and Classifications

    • 1 Videos
    • 1 Quiz
Show info about module content

1 Videos

  • Equity Investments Concepts, Characteristics, and Classifications

1 Quiz

  • Equity Investments Concepts, Characteristics, and Classifications Knowledge Check

Lesson 7-2: Measuring and Reporting Equity Investments

    • 1 Videos
    • 1 Assignment
Show info about module content

1 Assignment

  • Measuring and Reporting Equity Investments Knowledge Check

1 Videos

  • Measuring and Reporting Equity Investments

Lesson 7-3: U.S. GAAP X IFRS

    • 2 Videos
    • 1 Quiz
Show info about module content

2 Videos

  • U.S. GAAP x IFRS
  • Module 7 Wrap-Up

1 Quiz

  • U.S GAAP x IFRS Knowledge Check

Module 7 Graded Activities

    • 1 Quiz
Show info about module content

1 Quiz

  • Equity Investments Quiz

Course Wrap-up

    • 2 Videos
    • 2 Readings
    • 1 Discussion
    • 1 Plugin
Show info about module content

1 Discussions

  • Final Reflections

2 Videos

  • Gies Online Programs
  • Learn on Your Terms

2 Readings

  • Congratulations on completing the course!
  • Get Your Course Certificate

Berkshire Hathaway Letter Peer-Graded Assignment

    • 1 PeerReview
Show info about module content

1 Peer Review

  • Berkshire Hathaway Letter Peer-Graded Assignment

Auto Summary

Embark on a comprehensive journey into financial reporting with Accounting Analysis I: Measurement and Disclosure of Assets. Designed for those with a foundational understanding of accounting, this course delves into the meticulous details of asset measurement and disclosure. With a focus on cash, receivables, inventory, and both tangible and intangible long-lived assets, learners will gain crucial insights into the Balance Sheet and Income Statement. Led by the esteemed University of Illinois at Urbana-Champaign, this professional-level course spans 1320 minutes and offers flexible subscription options. Perfect for aspiring accountants and financial analysts aiming to deepen their expertise.

Gerlando Lima
Instructor

Gerlando Lima