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Accounting: Principles of Financial Accounting
  • Level Foundation
  • Duration 13 hours
  • Course by IESE Business School
  • Offered by

About

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.

Modules

Course Syllabus & Introduction to Accounting - The Balance Sheet

    • 1 Videos
    • 5 Readings
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1 Videos

  • Introduction - Welcome to the Course

5 Readings

  • Course Overview & Syllabus
  • Reminder of Coursera's Honor Code
  • About Week 1
  • Transactions Week 1
  • Get help and meet other learners. Join your Community!

Week 1 Video Clips

    • 9 Videos
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9 Videos

  • 1. Accounting: The Language of Business
  • 2. Practice Case: The Campus Bookstore I
  • 3. Practice Case: The Campus Bookstore II
  • 4. Accounting for our First Transactions
  • 5. Accounting for More Transactions
  • 6. Explaining the Balance Sheet
  • 7. Defining an Asset
  • 8. Defining a Liability
  • 9. Recap

Required Readings

    • 2 Readings
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2 Readings

  • Required Reading Week 1: "The Balance Sheet"
  • Required Reading Week 1: "Introduction to Financial Accounting"

Quiz Week 1

    • 1 Readings
    • 1 Assignment
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1 Assignment

  • Quiz Week 1

1 Readings

  • Quiz 1 with Solutions

The Income Statement

    • 2 Readings
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2 Readings

  • About Week 2
  • Transactions Week 2

Week 2 Video Clips

    • 11 Videos
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11 Videos

  • 1. Introduction to Week 2
  • 2. Recap of Week 1
  • 3. Purchasing More Inventory
  • 4. Sales and Cost of Goods Sold
  • 5. Selling, General and Administrative Expenses
  • 6. Some Collections and Payments of Cash
  • 7. Depreciation and Amortization
  • 8. Interest from Bank Loan and Taxes
  • 9. Preparing the Balance Sheet
  • 10. Introducing the Income Statement
  • 11. Recap of Week 2 and Conclusions

Required Reading

    • 2 Readings
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2 Readings

  • Required Reading Week 2: "The Income Statement"
  • Required Reading Week 2: "Introduction to Financial Accounting"

Quiz Week 2

    • 1 Readings
    • 1 Assignment
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1 Assignment

  • Quiz Week 2

1 Readings

  • Quiz 2 with Solutions

Cash Flow Statement

    • 2 Readings
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2 Readings

  • About Week 3
  • Transactions Week 3

Week 3 Video Clips

    • 14 Videos
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14 Videos

  • 1. Introduction to Week 3
  • 2. Recap of Week 2
  • 3. T-Accounts and Journal Entries
  • 4. Setting up T-Accounts for the Campus Bookstore
  • 5. Sales, Cost of Goods Sold, Collections from Customers and Payment to Suppliers
  • 6. Other Operating Costs
  • 7. Transactions with Non-Current Assets
  • 8. Bank Loans and Interest
  • 9. Taxes, Closing Entries and Payments of Dividends
  • 10. Preparing the Balance Sheet
  • 11. Preparing the Income Statement
  • 12. Introducing the Cash Flow Statement I
  • 13. Introducing the Cash Flow Statement II
  • 14. Recap of Week 3 and Conclusions

Required Reading

    • 1 Readings
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1 Readings

  • Required Reading Week 3: "The Statement of Cash Flows"

Quiz Week 3

    • 1 Readings
    • 1 Assignment
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1 Assignment

  • Quiz Week 3

1 Readings

  • Quiz 3 with Solutions

Accrual Accounting

    • 2 Readings
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2 Readings

  • About Week 4
  • Transactions Week 4

Week 4 Video Clips

    • 11 Videos
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11 Videos

  • 1. Introduction to Week 4
  • 2. Recap of Week 3
  • 3. Accrual accounting vs. cash accounting
  • 4. Measuring performance with accrual accounting
  • 5. A few examples: prepaid insurance, accrued interest and advances from customers
  • 6. Performance evolution of the Campus Bookstore I
  • 7. Performance evolution of the Campus Bookstore II
  • 8. Reading and interpreting real financial statements I
  • 9. Reading and interpreting real financial statements II
  • 10. Advanced topics you can explore on your own
  • 11. Conclusions

Quiz Week 4

    • 2 Readings
    • 1 PeerReview
    • 1 Assignment
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1 Assignment

  • Quiz Week 4 - Part 1

1 Peer Review

  • Quiz Week 4 - Part 2

2 Readings

  • Quiz 4 Part I with Solutions
  • Quiz Week 4 Background Information for Reference

Final quiz

    • 2 Readings
    • 1 Assignment
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1 Assignment

  • New Quiz

2 Readings

  • Prompt
  • Solutions

Auto Summary

Dive into the essential language of business with the "Accounting: Principles of Financial Accounting" course offered by Coursera. This foundational course is designed for individuals in the Business & Management domain who seek to understand and communicate financial information effectively. Whether you're an entrepreneur, a manager, or a budding professional, this course will equip you with the skills to read and interpret financial statements crucial for business analysis and informed decision-making. Under the expert guidance of seasoned instructors, you will gain a robust conceptual foundation in financial accounting. The course emphasizes practical application, ensuring that you can interact confidently with accountants, controllers, and financial managers. With a total duration of 780 minutes, this comprehensive program promises to enhance your financial literacy. Flexible subscription options, including Starter, Professional, and Paid plans, allow you to choose the best fit for your learning journey. This course is perfect for anyone looking to build a solid base in accounting and continue to advance their financial knowledge independently. Join now and start speaking the language of business fluently!

Marc Badia
Instructor

Marc Badia