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Accounting Analysis I: The Role of Accounting as an Information System
  • Level Professional
  • Duration 28 hours
  • Course by University of Illinois Urbana-Champaign
  • Offered by

About

This course is the first 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. After a brief introduction to the course, we will spend time understanding the overall financial accounting structure and standards as well as review the fundamental accounting process used to prepare the financial statements, which will establish a framework for the study of the concepts in the remaining courses in the Financial Reporting Specialization. In this course, we will begin our review of key information included in the Balance Sheet and Income Statement and their related financial disclosures. The Statement of Cash Flows will be introduced briefly with more discussion to follow in later courses of the Specialization. Also, we will provide a cursory review of key concepts involving time value of money as we will finish this course with focus on revenue recognition, including discussion of the new revenue standard. We will review the general approach for recognizing revenue, special issues affecting revenue recognition including long-term construction contracts. In addition, we will discuss and review common ratios used in profitability analysis. 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.

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 Financial Accounting Structure/Environment

2 Readings

  • Module 1 Overview
  • Module 1 Readings

Lesson 1-1: Importance and Introduction to Financial Accounting

    • 1 Videos
    • 1 Assignment
Show info about module content

1 Assignment

  • Importance and Introduction to Financial Accounting Knowledge Check

1 Videos

  • Importance and Introduction to Financial Accounting

Lesson 1-2: U.S. GAAP and IFRS

    • 1 Videos
    • 1 Quiz
Show info about module content

1 Videos

  • U.S. GAAP & IFRS

1 Quiz

  • U.S. GAAP & IFRS Knowledge Check

Lesson 1-3: Cash and Accrual Accounting

    • 2 Videos
    • 1 Quiz
Show info about module content

2 Videos

  • Cash and Accrual Accounting
  • Wrap-Up to Financial Accounting Structure/Environment

1 Quiz

  • Cash and Accrual Accounting Knowledge Check

Module 1 Graded Activities

    • 1 Quiz
Show info about module content

1 Quiz

  • Financial Accounting Structure/Environment Quiz

Module 2 Information

    • 1 Videos
    • 2 Readings
Show info about module content

1 Videos

  • Introduction to the Accounting Process

2 Readings

  • Module 2 Overview
  • Module 2 Readings

Lesson 2-1: The Accounting Processing Cycle

    • 1 Videos
    • 1 Quiz
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1 Videos

  • The Accounting Processing Cycle

1 Quiz

  • The Accounting Process Cycle Knowledge Check

Lesson 2-2: Processing Cycle and Journal Entries Examples

    • 2 Videos
    • 2 Assignment
Show info about module content

2 Assignment

  • Processing Cycle and Journal Entries Examples Knowledge Check
  • Processing Cycle Adjustments Knowledge Check

2 Videos

  • Processing Cycle and Journal Entries Examples
  • Processing Cycle Adjustments

Lesson 2-3: T Accounts

    • 1 Videos
    • 1 Quiz
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1 Videos

  • T-Accounts

1 Quiz

  • T-Accounts Knowledge Check

Lesson 2-4: Financial Statements

    • 2 Videos
    • 1 Assignment
Show info about module content

1 Assignment

  • Financial Statements and The Accounting Process Knowledge Check

2 Videos

  • Financial Statements and The Accounting Process
  • Wrap-Up to the Accounting Process

Module 2 Graded Activities

    • 1 Quiz
Show info about module content

1 Quiz

  • The Accounting Process Quiz

Module 3 Information

    • 1 Videos
    • 2 Readings
Show info about module content

1 Videos

  • Introduction to The Balance Sheet and Financial Disclosure

2 Readings

  • Module 3 Overview
  • Module 3 Readings

Lesson 3-1: Usefulness, Limitations, and Classifications of the Balance Sheet

    • 2 Videos
    • 2 Quiz
Show info about module content

2 Videos

  • Some Characteristics and Assets
  • Liabilities and Stockholders' Equity

2 Quiz

  • Some Characteristics and Assets Knowledge Check
  • Liabilities and Stockholders' Equity Knowledge Check

Lesson 3-2: Financial Disclosures

    • 1 Videos
    • 1 Assignment
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1 Assignment

  • Financial Disclosure and Audit Report Knowledge Check

1 Videos

  • Financial Disclosures and Audit Report

Lesson 3-3: Ratio Analysis

    • 1 Videos
    • 1 Assignment
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1 Assignment

  • Ratio Analysis Knowledge Check

1 Videos

  • Ratio Analysis

Lesson 3-4: Operating Segments and Other Disclosures

    • 1 Videos
    • 1 Quiz
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1 Videos

  • Segment Information

1 Quiz

  • Segment Information Knowledge Check

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 The Balance Sheet and Financial Disclosure

1 Quiz

  • U.S. GAAP x IFRS Knowledge Check

Module 3 Graded Activities

    • 1 Quiz
Show info about module content

1 Quiz

  • The Balance Sheet and Financial Disclosure Quiz

Module 4 Information

    • 1 Videos
    • 2 Readings
Show info about module content

1 Videos

  • Introduction to Income Statement, Comprehensive Income and Statement of Cash Flows

2 Readings

  • Module 4 Overview
  • Module 4 Readings

Lesson 4-1: Income Statement and Its Key Components

    • 1 Videos
    • 1 Assignment
Show info about module content

1 Assignment

  • Income Statement and Its Key Components Knowledge Check

1 Videos

  • Income Statement and Its Key Components

Lesson 4-2: Discontinued Operations and Earnings Per Share

    • 1 Videos
    • 1 Quiz
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1 Videos

  • Discontinued Operations and Earnings Per Share

1 Quiz

  • Discontinued Operations and Earnings Per Share Knowledge Check

Lesson 4-3: Other Important Issues

    • 1 Videos
    • 1 Quiz
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1 Videos

  • Other Important Issues

1 Quiz

  • Other Important Issues Knowledge Check

Lesson 4-4: Comprehensive Income

    • 1 Videos
    • 1 Quiz
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1 Videos

  • Comprehensive Income

1 Quiz

  • Comprehensive Income Knowledge Check

Lesson 4-5: Cashflow Statement

    • 1 Videos
    • 1 Quiz
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1 Videos

  • Cashflow Statement

1 Quiz

  • Cashflow Statement Knowledge Check

Lesson 4-6: Ratio Analysis

    • 1 Videos
    • 1 Quiz
Show info about module content

1 Videos

  • Ratio Analysis

1 Quiz

  • Ratio Analysis Knowledge Check

Lesson 4-7: U.S. GAAP x IFRS

    • 2 Videos
    • 1 Quiz
Show info about module content

2 Videos

  • U.S. GAAP x IFRS
  • Wrap-Up to Income Statement, Comprehensive Income and Statement of Cash Flows

1 Quiz

  • U.S. GAAP x IFRS Knowledge Check

Module 4 Graded Activities

    • 1 Quiz
Show info about module content

1 Quiz

  • Income Statement, Comprehensive Income and Statement of Cash FlowsQuiz

Module 5 Information

    • 1 Videos
    • 2 Readings
Show info about module content

1 Videos

  • Introduction to Time Value of Money (TVOM)

2 Readings

  • Module 5 Overview
  • Module 5 Readings

Lesson 5-1: Variables and Models Used

    • 1 Videos
    • 1 Quiz
Show info about module content

1 Videos

  • Variables and Models Used

1 Quiz

  • Variables and Model Used Knowledge Check

Lesson 5-2: Annuities

    • 1 Videos
    • 1 Quiz
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1 Videos

  • Annuities

1 Quiz

  • Annuities Knowledge Check

Lesson 5-3: Applications

    • 2 Videos
    • 1 Quiz
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2 Videos

  • Applications
  • Wrap-Up to Time Value of Money (TVOM)

1 Quiz

  • Applications Knowledge Check

Module 5 Graded Activities

    • 1 Quiz
Show info about module content

1 Quiz

  • Time Value of Money Quiz

Key Topics Peer-Graded Assignment

    • 1 PeerReview
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1 Peer Review

  • Key Topics Peer-Graded Assignment

Module 6 Information

    • 1 Videos
    • 2 Readings
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1 Videos

  • Introduction to Revenue Recognition Part 1

2 Readings

  • Module 6 Overview
  • Module 6 Readings

Lesson 6-1: Revenue Recognition Issues Including the Five Key Steps

    • 1 Videos
    • 1 Assignment
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1 Assignment

  • First Steps for Revenue Recognition Knowledge Check

1 Videos

  • First Steps for Revenue Recognition

Lesson 6-2: Dealing with Multiple Performance Obligations (POs)

    • 1 Videos
    • 1 Quiz
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1 Videos

  • Multiple Performance Obligations

1 Quiz

  • Multiple Performance Obligations Knowledge Check

Lesson 6-3: Special Revenue Recognition Issues

    • 2 Videos
    • 1 Quiz
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2 Videos

  • Special Revenue Recognition Issues
  • Wrap-Up to Revenue Recognition Part I

1 Quiz

  • Special Revenue Recognition Issues Knowledge Check

Module 6 Graded Activities

    • 1 Quiz
Show info about module content

1 Quiz

  • Revenue Recognition Part I Quiz

Module 7 Information

    • 1 Videos
    • 2 Readings
Show info about module content

1 Videos

  • Introduction to Revenue Recognition Part II

2 Readings

  • Module 7 Overview
  • Module 7 Readings

Lesson 7-1: Accounting for Long-Term Contracts

    • 1 Videos
    • 1 Quiz
Show info about module content

1 Videos

  • Accounting for Long-Term Contracts

1 Quiz

  • Accounting for Long-Term Contracts Knowledge Check

Lesson 7-2: Accounting for Losses on Long-Term Contracts

    • 1 Videos
    • 1 Quiz
Show info about module content

1 Videos

  • Accounting for Losses on Long-Term Contracts

1 Quiz

  • Accounting for Losses on Long-Term Contracts Knowledge Check

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

    • 2 Videos
    • 1 Quiz
Show info about module content

2 Videos

  • U.S. GAAP x IFRS
  • Wrap-Up to Revenue Recognition Part II

1 Quiz

  • U.S. GAAP x IFRS Knowledge Check

Module 7 Graded Activities

    • 1 Quiz
Show info about module content

1 Quiz

  • Revenue Recognition Part II Quiz

Course Wrap-Up

    • 2 Videos
    • 2 Readings
    • 1 Discussion
    • 1 Plugin
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1 Discussions

  • Final Reflections

2 Videos

  • Course Wrap-Up
  • Learn on Your Terms

2 Readings

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

Comprehensive Company Analysis Case Study

    • 1 PeerReview
Show info about module content

1 Peer Review

  • Comprehensive Company Analysis Case Study
Gerlando Lima
Instructor

Gerlando Lima