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Understanding Financial Statements: Company Performance
  • Level Foundation
  • Duration 12 hours
  • Course by University of Illinois Urbana-Champaign
  • Offered by

About

This course is designed to provide a basic understanding of financial statements with an emphasis on the income statement. Building on the foundation formed in the first course, you will learn about the third of our three measurement questions and how the income statement helps to answer this final measurement question. Returning to the real business people introduced in the first course, this second course describes the basic content of income statement in a simple yet relevant context. The course ends by summarizing many of the lessons learned in both courses to leave you with a lasting impression about what financial statements are and how accounting can work for you. We all know that accounting is "the language of business"; let's make learning this language engaging, and perhaps even fun! Upon successful completion of this course, you will be able to: - Describe the purpose of an income statement. - Define the basic components of an income statement. - Recognize and understand the meaning of several items typically presented on an income statement. - Explain the broader purpose of financial statements and the role of accounting in producing the financial statements. - Read and, to some extent, interpret real-world income statements. If you enjoy this business course and are interested in an MBA, consider applying to the iMBA, a flexible, fully-accredited online MBA at an incredibly competitive price offered by the University of Illinois. For more information, please see the Resource page in this course and onlinemba.illinois.edu.

Modules

About the Course

    • 3 Readings
    • 1 Plugin
    • 1 Assignment
Show info about module content

1 Assignment

  • Orientation Quiz

3 Readings

  • Syllabus
  • About the Discussion Forums
  • Glossary

About Your Classmates

    • 2 Readings
    • 1 Discussion
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1 Discussions

  • Getting to Know Your Classmates

2 Readings

  • Updating Your Profile
  • Social Media

Module 1 Information

    • 2 Readings
Show info about module content

2 Readings

  • Overview & Readings
  • Module 1 Readings

Lesson 1-1: Revenue

    • 1 Videos
    • 1 Assignment
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1 Assignment

  • Lesson 1-1 Practice Quiz

1 Videos

  • 1-1. How Did You Perform?

Lesson 1-2: Cost of Goods Sold

    • 1 Videos
    • 1 Assignment
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1 Assignment

  • Lesson 1-2 Practice Quiz

1 Videos

  • 1-2. A Look at Cost of Goods Sold

Module 1 Graded Activities

    • 1 Assignment
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1 Assignment

  • How Did You Perform? Introducing the Income Statement Quiz

Module 2 Information

    • 2 Readings
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2 Readings

  • Overview & Readings
  • Module 2 Readings

Lesson 2-1: Finishing the Income Statement

    • 1 Videos
    • 1 Assignment
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1 Assignment

  • Lesson 2-1 Practice Quiz

1 Videos

  • 2-1. Finishing Out Income Statements

Lesson 2-2: How Did You Manage Cash?

    • 1 Videos
    • 1 Assignment
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1 Assignment

  • Lesson 2-2 Practice Quiz

1 Videos

  • 2-2. How Did You Manage Cash?

Module 2 Graded Activities

    • 1 Assignment
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1 Assignment

  • Finishing Out the Income Statement and Managing Cash Quiz

Module 3 Information

    • 2 Readings
Show info about module content

2 Readings

  • Module 3 Overview
  • Module 3 Readings

Lesson 3-1: Notes to the Financial Statements

    • 1 Videos
    • 1 Assignment
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1 Assignment

  • Lesson 3-1 Practice Quiz

1 Videos

  • 3-1. Taking Note of the Notes to the Financial Statements

Lesson 3-2: The Auditor’s Report

    • 1 Videos
    • 1 Assignment
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1 Assignment

  • Lesson 3-2 Practice Quiz

1 Videos

  • 3-2. The Auditor’s Report

Module 3 Graded Activities

    • 1 Assignment
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1 Assignment

  • Final Elements of Financial Statements Quiz

Module 4 Information

    • 2 Readings
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2 Readings

  • Overview & Readings
  • Module 4 Readings

Lesson 4-1: Financial Ratios

    • 1 Videos
    • 1 Assignment
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1 Assignment

  • Lesson 4-1 Practice Quiz

1 Videos

  • 4-1. Ratios that Help Tell a Story

Lesson 4-2: Wrapping Up Financial Statements

    • 1 Videos
    • 1 Assignment
Show info about module content

1 Assignment

  • Lesson 4-2 Practice Quiz

1 Videos

  • 4-2. Looking Back and Ahead

Module 4 Graded Activities

    • 1 Videos
    • 1 Readings
    • 1 Discussion
    • 1 PeerReview
    • 1 Plugin
    • 1 Assignment
Show info about module content

1 Assignment

  • Wrapping Up Financial Statements and What Lies Ahead Quiz

1 Peer Review

  • Company Performance Peer Review Assignment

1 Discussions

  • Final Reflections

1 Videos

  • Learn on Your Terms

1 Readings

  • Congratulations on completing the course!

Auto Summary

"Understanding Financial Statements: Company Performance" is a foundational business course focusing on income statements. Led by expert instructors, it covers the purpose, components, and interpretation of financial statements within the broader context of accounting. Over 720 minutes, learners will gain essential skills in analyzing company performance. Ideal for beginners, this course is available via a Starter subscription on Coursera, with a pathway to the University of Illinois' iMBA for those interested. Perfect for aspiring business professionals seeking to master the language of accounting.

Kevin E. Jackson
Instructor

Kevin E. Jackson