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Balance Sheet Issues

Balance Sheet Issues

This course is part of CPA Licensure Prep: Current Issues in Financial Reporting Specialization

Instructor: William Karalius

Included with

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4 modules

Gain insight into a topic and learn the fundamentals.

Intermediate level

Recommended experience

6 hours to complete

Flexible schedule

Learn at your own pace

4 modules

Gain insight into a topic and learn the fundamentals.

Intermediate level

Recommended experience

6 hours to complete

Flexible schedule

Learn at your own pace

What you'll learn

Apply and compare depreciation methods, accounting estimates, and equity transactions in financial reporting.
Evaluate how financing decisions and retained earnings impact a company’s capital structure and financial position.

Skills you'll gain

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Build your subject-matter expertise

This course is part of the CPA Licensure Prep: Current Issues in Financial Reporting Specialization

When you enroll in this course, you'll also be enrolled in this Specialization.

Learn new concepts from industry experts
Gain a foundational understanding of a subject or tool
Develop job-relevant skills with hands-on projects
Earn a shareable career certificate

There are 4 modules in this course

By the end of this course, you will be able to analyze how major balance sheet accounts are measured, estimated, and reported under financial accounting standards. You will evaluate capitalization decisions, apply multiple depreciation methods, assess accounting estimates such as credit losses and warranties, and interpret equity transactions including common stock, preferred stock, and retained earnings.

This course is designed for learners developing strong financial reporting competency, particularly those preparing for professional accounting exams or advancing in accounting and finance roles. Through practical examples and journal entry walkthroughs, you will see how financial decisions affect both the income statement and the balance sheet. What makes this course unique is its applied, decision-oriented approach. Rather than memorizing definitions, you will examine the real-world implications of financing choices, equity issuance, depreciation strategies, and retained earnings management. By connecting technical accounting mechanics to business strategy, you will strengthen your ability to interpret financial statements with confidence and professional judgment.

Module details

In this module, you'll explore the concept of capitalization of long-term assets that generate revenue over multiple fiscal years. You'll examine three of the most commonly used methods of depreciation including straight-line depreciation, sum-of-the-years' digits, and units of production. By the end of the module, you'll be prepared to recognize relevant depreciation methods tied to long-term assets on the balance sheet.

What's included

5 videos3 readings2 assignments

5 videosTotal 33 minutes

Instructor Introduction and Course Overview4 minutes
Capitalization of Assets9 minutes
Straight-Line Depreciation7 minutes
Sum-of-the-Years' Digits Method8 minutes
Units of Production Method7 minutes

3 readingsTotal 50 minutes

Course Outline10 minutes
Capitalization of Assets20 minutes
Common Depreciation Methods20 minutes

2 assignmentsTotal 30 minutes

Module 1: Graded Assessment20 minutes
Practice Assessment: Capitalization of Assets10 minutes

In this module, you'll explore some of the most common types of accounting estimates businesses must consider while drafting their balance sheets. You'll examine estimates for property, plant, and equipment (PP&E), the allowance for credit losses, and warranties. By the end of the module, you'll be able to consider the balance sheet and how it is impacted by the estimates accountants and mangers need to make.

What's included

4 videos2 readings1 assignment

In this module, you'll explore the key differences in how businesses raise capital to fund operations. You'll examine the financing structures of a business, the breakout of common stock versus additional paid-in capital, along with the nuances of preferred stock. You'll then develop an understanding of what makes up retained earnings. By the end of this module, you'll be prepared to identify and understand the key parts and components of the equity portion of the balance sheet.

What's included

4 videos2 readings1 assignment

This final module brings everything together. You’ll review key concepts from the course and apply what you’ve learned to real-world balance sheet compilation. By stepping back and looking across the components of the balance sheet, you’ll strengthen your ability to analyze how transactions impact the assets, liabilities, and equity reported externally—skills that are essential for accountants and business professionals alike.