When you enroll in this course, you'll also be enrolled in this Specialization.
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There are 5 modules in this course
Accounting is the language of business. You should be able to explain the top 30 concepts to your cousin in a way they understand it.
Accounting is the universally accepted language of business. It allows managers, investors, creditors - everyone - to have a unified, and commonly accepted way to analyze the business. It's like a superhero with x-ray vision to see the insides of a company's business. It helps to answer questions like: How much did we sell? Are we profitable? Who owns the business? How much debt do we have? Do we have enough cash to pay our bills?
What's included
4 videos1 reading
Show info about module content
4 videos•Total 41 minutes
3.0 Introduction to Accounting•5 minutes
3.1 Financial Statements•14 minutes
3.2 Income statement essentials•15 minutes
3.3 Income statement intuition•7 minutes
1 reading•Total 5 minutes
What is depreciation?•5 minutes
Income statement waterfall
Module 2•1 hour to complete
Module details
The income statement (starting with revenues) is like a waterfall, where you take out different expenses until you get to the "bottom line" of net profits. Your ability to do this simply and develop personal intuition about the different types of margin (gross, operating, net) will immediately differentiate you from most people. Let's use the example of a pen company to dig into what's driving costs and profitability.
What's included
3 videos1 reading1 assignment
Show info about module content
3 videos•Total 18 minutes
3.4 Revenue drivers•5 minutes
3.5 COGS vs. SG&A•6 minutes
3.6 Margin detective•8 minutes
1 reading•Total 10 minutes
Advanced questions about the income statement•10 minutes
1 assignment•Total 20 minutes
Required quiz: income statement•20 minutes
Balance sheet is A = L + E
Module 3•1 hour to complete
Module details
The balance sheet is a financial snapshot of the ownership of a business. Namely, how much of it do you own (equity) and how much it was borrowed from other people with debt (liabilities). The main formula to remember is A = L + E. Assets (what you have) = Liabilities (what you owe) + Equity (what you own). This is a super powerful way to answer questions like a) What's our ability to pay our bills? b) How much debt do we have? c) How much inventory do we have?
What's included
3 videos2 readings
Show info about module content
3 videos•Total 40 minutes
3.7 Balance sheet ALE•13 minutes
3.8 Current vs. non-current•14 minutes
3.9 Inventory turns•14 minutes
2 readings•Total 20 minutes
Optional: From resilience to inventory reduction and why you need both today (Kearney)•10 minutes
Optional: Building optionality: Balance sheet discipline is both timely and timeless (McKinsey)•10 minutes
Debt can be good. Debt can be bad
Module 4•25 minutes to complete
Module details
Debt is a powerful tool in business that is sometimes misunderstood. 1) Debt can be good if you can borrow funds responsibly, make a good return on it, pay back the interest, and grow the business faster than if you didn't have debt. 2) Debt can be bad if you borrow beyond your ability to repay it, so that you are stuck in a cycle of debt. (e.g., keeping credit card balance and paying 20%+ annually)
This same dynamic "debt can be good or bad" applies to student loan debt and government public debt.
What's included
1 video2 readings
Show info about module content
1 video•Total 10 minutes
3.10 When is debt useful?•10 minutes
2 readings•Total 15 minutes
Economist: How much public debt is too much? (2020)•10 minutes
Forbes: US student loan debt (2025)•5 minutes
Cash flow statement, ROI, Financial ratios
Module 5•2 hours to complete
Module details
Cash flow statement is the 3rd financial statement. The cashflow statement shows how money comes in/out of a company through operations, financing (raising money), and investing (getting a return on their investments). Often it only gets attention when a company is in crisis or is having trouble paying their bills.
Return on investment (ROI) is a common and useful tool in business. If I invest X, and get Y, how much of a ROI did I get? Of course, it gets very complicated quickly because of the addition question: a) how accurate is that forecast b) what's your risk tolerance? c) what's the time frame d) what are the alternatives?
What's included
3 videos1 reading1 assignment1 peer review
Show info about module content
3 videos•Total 28 minutes
3.11 Cash flow statement•7 minutes
3.12 Return on investment•11 minutes
3.13 Financial ratios•10 minutes
1 reading•Total 10 minutes
Please take 2 min to review this course•10 minutes
Emory University, located in Atlanta, Georgia, is one of the world's leading research universities. Its mission is to create, preserve, teach and apply knowledge in the service of humanity.
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RR
5·
Reviewed on Feb 24, 2026
Great job at explaining everything. I appreciate the simple, real-life examples given, which helped me understand well. I could tell the lecturer was passionate and enthusiastic about this topic.
D
DM
5·
Reviewed on Dec 17, 2025
I very much enjoy this course as the professor is clear with the information, gives every day examples. reviews each section at the end to ensure clarity.
D
DM
5·
Reviewed on Feb 18, 2026
Easy to follow basic business concept. Highly recommended.
Accounting is the global language of business. This is what enables global trade, mergers & acquisitions, fiduciary responsibility, and investor confidence. Accounting has a rich history and there are many levels of expertise.
Do you need to become a CPA-level expert with detailed practitioner-level knowledge of debits and credits? No.
Do you need to know the difference between COGS and SG&A? Yes.
If accounting has 10 levels of understanding, this will easily cover the essentials for you.
Who is the instructor, John Kim?
John Kim, is an associate professor in the practice, at Emory University. He is a management consultant by experience and passion. He's been teaching strategy, healthcare, and consulting since 2017.
He has a Management Consulting specialization here with 1,300+ reviews with a weighted average 4.9 star rating here.
His teaching style is interactive - yes, even with online videos - and wants you to succeed. See his teaching philosophy here.
When will I have access to the lectures and assignments?
To access the course materials, assignments and to earn a Certificate, you will need to purchase the Certificate experience when you enroll in a course. You can try a Free Trial instead, or apply for Financial Aid. The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.
What will I get if I subscribe to this Specialization?
When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile.
Is financial aid available?
Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.