Financial Accounting: Advanced Topics

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Description

When you enroll for courses through Coursera you get to choose for a paid plan or for a free plan

  • Free plan: No certicification and/or audit only. You will have access to all course materials except graded items.
  • Paid plan: Commit to earning a Certificate—it's a trusted, shareable way to showcase your new skills.

About this course: In this course, you will explore advanced topics in financial accounting. You will start your journey with accounting for assets with more than one-year life. You will learn in detail how firms account for fixed assets. You will then move to financing of assets and discuss accounting for liabilities. The course will continue with an in-depth exploration of shareholders’ equity. Finally, you will critically evaluate preparation, components, and analysis of cash flows statement. Upon successful completion of this course, you will be able to: • Account for fixed assets • Understand accounting for liabilities • Evaluate shareholders’ equity section of a balance sheet • Un…

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Didn't find what you were looking for? See also: Equities, Accounting, MBA (Master of Business Administration), Risk Analysis, and Risk Management.

When you enroll for courses through Coursera you get to choose for a paid plan or for a free plan

  • Free plan: No certicification and/or audit only. You will have access to all course materials except graded items.
  • Paid plan: Commit to earning a Certificate—it's a trusted, shareable way to showcase your new skills.

About this course: In this course, you will explore advanced topics in financial accounting. You will start your journey with accounting for assets with more than one-year life. You will learn in detail how firms account for fixed assets. You will then move to financing of assets and discuss accounting for liabilities. The course will continue with an in-depth exploration of shareholders’ equity. Finally, you will critically evaluate preparation, components, and analysis of cash flows statement. Upon successful completion of this course, you will be able to: • Account for fixed assets • Understand accounting for liabilities • Evaluate shareholders’ equity section of a balance sheet • Understand preparation and information provided by cash flows statement This course is part of the iMBA offered by the University of Illinois, a flexible, fully-accredited online MBA at an incredibly competitive price. For more information, please see the Resource page in this course and onlinemba.illinois.edu.

Created by:  University of Illinois at Urbana-Champaign
  • Taught by:  Oktay Urcan, Associate Professor of Accountancy

    Department of Accountancy, College of Business
Basic Info Course 2 of 7 in the Financial Management Specialization Commitment 4 weeks of study, 4-6 hours/week Language English How To Pass Pass all graded assignments to complete the course. User Ratings 4.6 stars Average User Rating 4.6See what learners said Coursework

Each course is like an interactive textbook, featuring pre-recorded videos, quizzes and projects.

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University of Illinois at Urbana-Champaign The University of Illinois at Urbana-Champaign is a world leader in research, teaching and public engagement, distinguished by the breadth of its programs, broad academic excellence, and internationally renowned faculty and alumni. Illinois serves the world by creating knowledge, preparing students for lives of impact, and finding solutions to critical societal needs.

Syllabus


WEEK 1


Course Orientation
You will become familiar with the course, your classmates, and our learning environment. The orientation will also help you obtain the technical skills required for the course.


1 video, 5 readings, 1 practice quiz expand


  1. Video: Meet Professor Urcan
  2. Reading: Syllabus
  3. Reading: About the Discussion Forums
  4. Reading: Glossary
  5. Practice Quiz: Orientation Quiz
  6. Reading: Updating Your Profile
  7. Discussion Prompt: Getting to Know Your Classmates
  8. Reading: Social Media


Module 1: Long-Term Assets



Long-term assets, assets that can be converted into cash in a time period of more than one year, constitute a large portion of a balance sheet for a lot of public companies. Understanding accounting for long-term assets will help you uncover how these accounts change over time, their valuation, and their usefulness in managerial decision making.


7 videos, 2 readings, 6 practice quizzes expand


  1. Reading: Module 1 Overview
  2. Reading: Module 1 Readings
  3. Video: M1L1V1: Overview and Asset Recognition Criteria
  4. Practice Quiz: M1L1 Quiz
  5. Video: M1L2V1: Fixed Assets
  6. Practice Quiz: M1L2 Quiz
  7. Video: M1L3V1: Disposal of Fixed Assets
  8. Practice Quiz: M1L3 Quiz
  9. Video: M1L4V1: Gross vs. Net PPE
  10. Practice Quiz: M1L4 Quiz
  11. Video: M1L5V1: Accounting for Asset Impairments
  12. Practice Quiz: M1L5 Quiz
  13. Video: M1L6V1: Walmart Assets
  14. Practice Quiz: M1L6 Quiz
  15. Video: Explore the iMBA! (optional)

Graded: Module 1 Quiz

WEEK 2


Module 2: Liabilities



One of the major sources of financing for many firms is liabilities. Firms routinely finance their operations through various liabilities including accounts payables, bank loans, and bonds. Accounting for liabilities will help you understand how liabilities are created, how they are valued, how they inform about a firm’s liquidity position.


3 videos, 2 readings, 3 practice quizzes expand


  1. Reading: Module 2 Overview
  2. Reading: Module 2 Readings
  3. Video: M2L1V1: Overview and Liability Recognition Criteria
  4. Practice Quiz: M2L1V1 Practice Quiz
  5. Video: M2L2V1: Short-Term Liabilities
  6. Practice Quiz: M2L2V1 Practice Quiz
  7. Video: M2L3V1: Long-Term Liabilities
  8. Practice Quiz: M2L1V3 Practice Quiz

Graded: Module 2 Quiz

WEEK 3


Module 3: Shareholders’ Equity



One of the major sources of financing for many firms is contributions from shareholders. The shareholders’ equity section of a balance sheet shows details of investments of shareholders. Accounting for shareholders’ equity will help you understand the amount of shareholder investment, the number of shares issued in return by the firm for shareholders, the amount of earnings earned by the firm but not distributed to shareholders, and information about the amount of shares repurchased by the firm from the stock market.


4 videos, 2 readings, 4 practice quizzes expand


  1. Reading: Module 3 Overview
  2. Reading: Module 3 Readings
  3. Video: M3L1V1: Shareholders' Equity: Overview
  4. Practice Quiz: M3L1V1: Practice Quiz
  5. Video: M3L2V1: Shareholders' Equity: Equity Issuance and Profitability
  6. Practice Quiz: M3L2V1: Practice Quiz
  7. Video: M3L3V1: Shareholders' Equity: Distributions
  8. Practice Quiz: M3L3V1: Practice Quiz
  9. Video: M3L4V1: Shareholders' Equity: Earnings per Share
  10. Practice Quiz: M7L4V1: Practice Quiz

Graded: Module 3 Quiz

WEEK 4


Module 4: Cash Flows Statement



One of the major financial statements is cash flows statement. This statement describes in detail how cash changes for a firm over a certain period. Cash flows statement provides valuable information about liquidity position of a firm, cash consequences of managerial operating and investing decisions, as well as earnings quality of a firm.


2 videos, 2 readings, 2 practice quizzes expand


  1. Reading: Module 4 Overview
  2. Reading: Module 4 Readings
  3. Video: M4L1V1: Cash Flows Statement: Overview
  4. Practice Quiz: M4L1V1: Practice Quiz
  5. Video: M4L2V1: Cash Flows Statement: Preparation
  6. Practice Quiz: M4L2V1: Practice Quiz

Graded: Module 4: Quiz
Graded: Module 4 Peer Assessment
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