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.
Understanding Financial Statements: Company Position
This course is part of Fundamentals of Accounting Specialization
Instructor: Kevin E. Jackson
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(1,330 reviews)
What you'll learn
Describe the purpose of a balance sheet and its three components.
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.
Skills you'll gain
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There are 5 modules in this course
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.
What's included
1 video5 readings1 assignment1 discussion prompt1 plugin
This module will introduce you to the basics of financial statements by emphasizing the links between accounting, measurement, and financial statements.
What's included
2 videos2 readings3 assignments
This module will explain the basics of the balance sheet, provide a working definition of assets, and give you an overview of assets typically presented on the balance sheet.
What's included
2 videos2 readings3 assignments
This module will introduce you to the concept of liabilities and explain what they are and how they can arise.
What's included
2 videos2 readings3 assignments
This module will build an intuition for what equity represents. It will also explain how the components of the balance sheet relate to one another.
What's included
3 videos3 readings3 assignments1 peer review1 discussion prompt1 plugin
Instructor
Offered by
Recommended if you're interested in Business Essentials
Intuit
University of Illinois Urbana-Champaign
University of California, Irvine
University of Pennsylvania
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Reviewed on Aug 26, 2016
This course is a great introduction to understanding Balance Sheets and has been a big help to me in my job. I highly recommend this course and I really liked the Professor.
Reviewed on Apr 14, 2021
Very clearly indicates all the basic fundamentals of the balance sheet and its components. This course gives me an excellent overview. Interesting to complete all the excercises.
Reviewed on Apr 4, 2020
Its a Great Course! You will Enjoy every moment of this course.
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