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Understanding Financial Statements: Company Position
  • Level Foundation
  • Duration 13 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 balance sheet. However, to understand accounting driven financial statements, it is important to recognize that accounting is less about counting and more about measuring. "What is it that is being measured?" Well, as the course unfolds, you will learn about the three measurement questions and how the balance sheet helps to answer the first two of these questions. By touring a real company and interviewing real business people, the course describes the basic content of financial statements in a simple yet relevant context. The goal of the course is to leave a lasting impression about what balance sheet consists of and what it reveals. The next course in the Fundamentals of Accounting Specialization completes the conversation by addressing the remaining measurement question. Upon successful completion of this course, you will be able to: - Describe the purpose of a balance sheet. - Define the three components of a balance sheet. - Recognize and understand the meaning of several items typically presented on a balance sheet. - 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 balance sheets. 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

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

1 Assignment

  • Orientation Quiz

1 Videos

  • Welcome to Understanding Financial Statements: Company Position!

3 Readings

  • Syllabus
  • About the Discussion Forums
  • Glossary

About Your Classmates

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

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

  • Module 1 Overview
  • Lessons 1 & 2 Readings

Lesson 1-1: What Is Accounting?

    • 1 Videos
    • 1 Assignment
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1 Assignment

  • Lesson 1-1 Practice Quiz

1 Videos

  • 1-1. What Is Accounting?

Lesson 1-2: Why Are Financial Statements Important?

    • 1 Videos
    • 1 Assignment
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1 Assignment

  • Lesson 1-2 Practice Quiz

1 Videos

  • 1-2. Why Are Financial Statements Important?

Module 1 Graded Activities

    • 1 Assignment
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1 Assignment

  • What Is Accounting and Why Are Financial Reports Important? Quiz

Module 2 Information

    • 2 Readings
Show info about module content

2 Readings

  • Module 2 Overview
  • Module 2 Readings

Lesson 2-1: The Balance Sheet – Current Assets

    • 1 Videos
    • 1 Assignment
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1 Assignment

  • Lesson 2-1 Practice Quiz

1 Videos

  • 2-1. The Balance Sheet – Current Assets

Lesson 2-2: The Balance Sheet – Non-Current Assets

    • 1 Videos
    • 1 Assignment
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1 Assignment

  • Lesson 2-2 Practice Quiz

1 Videos

  • 2-2. The Balance Sheet – Non-Current Assets

Module 2 Graded Activities

    • 1 Assignment
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1 Assignment

  • Assets – What Do You Own? Quiz

Module 3 Information

    • 2 Readings
Show info about module content

2 Readings

  • Module 3 Overview
  • Module 3 Readings

Lesson 3-1: The Balance Sheet – Liabilities Part 1

    • 1 Videos
    • 1 Assignment
Show info about module content

1 Assignment

  • Lesson 3-1 Practice Quiz

1 Videos

  • 3-1. The Balance Sheet – Liabilities Part 1

Lesson 3-2: The Balance Sheet – Liabilities Part 2

    • 1 Videos
    • 1 Assignment
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1 Assignment

  • Lesson 3-2 Practice Quiz

1 Videos

  • 3-2. The Balance Sheet – Liabilities Part 2

Module 3 Graded Activities

    • 1 Assignment
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1 Assignment

  • Liabilities – What Do You Owe? Quiz

Module 4 Information

    • 2 Readings
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2 Readings

  • Module 4 Overview
  • Module 4 Readings

Lesson 4-1: The Balance Sheet – Equity Part 1

    • 1 Videos
    • 1 Assignment
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1 Assignment

  • Lesson 4-1 Practice Quiz

1 Videos

  • 4-1. The Balance Sheet – Equity Part 1

Lesson 4-2: The Balance Sheet – Equity Part 2

    • 1 Videos
    • 1 Assignment
Show info about module content

1 Assignment

  • Lesson 4-2 Practice Quiz

1 Videos

  • 4-2. The Balance Sheet – Equity Part 2

Module 4 Graded Activities

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

1 Assignment

  • Equity and How the Balance Sheet Fits Together Quiz

1 Peer Review

  • Company Position Peer Review Assignment

1 Discussions

  • Final Reflections

1 Videos

  • Learn on Your Terms

1 Readings

  • Congratulations on completing the course!

Auto Summary

Unlock the secrets of financial statements with "Understanding Financial Statements: Company Position," a foundational course in Business & Management by Coursera. Led by expert instructors, this course delves into the balance sheet, its components, and its significance in measuring company performance. Through real-world examples and interviews, you'll gain practical insights into interpreting financial data. Perfect for beginners, this 780-minute course offers flexible subscription options, including Starter, Professional, and Paid plans. Ideal for aspiring business professionals and MBA candidates.

Kevin E. Jackson
Instructor

Kevin E. Jackson