How to Use a Product Roadmap
September 27, 2024
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This course is part of Financial Reporting Specialization
Instructor: Scott Mendoza
10,432 already enrolled
Included with
(101 reviews)
Recommended experience
Intermediate level
Introductory understanding of financial accounting.
(101 reviews)
Recommended experience
Intermediate level
Introductory understanding of financial accounting.
Explain and demonstrate the financial accounting for income taxes
Describe the components of shareholders’ equity and explain how they are reported in a statement of shareholders’ equity
Explain and implement the accounting for stock options and restricted stock
Explain the purpose of analyzing earnings per share and calculate basic and diluted earnings per share
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This course is the fourth course in a five-course Financial Reporting Specialization. This course focuses on the recognition, measurement, and subsequent accounting for equity, pensions, share-based compensation, and cash flows utilizing the FASB Accounting Standards Codification and other resources.
In this module, you will become familiar with the course, your instructor and your classmates, and our learning environment. This orientation will also help you obtain the technical skills required to navigate and be successful in this course.
3 videos4 readings1 assignment1 discussion prompt1 plugin
In this module, you will be introduced to the accounting by employers for employee postretirement benefits. We will explore the basic features of accounting for defined benefit plans, including benefit obligations, plan assets, and the components of net periodic benefit cost. The discussion includes accounting for changes in net pension asset or liability that are recognized in other comprehensive income.
9 videos2 readings9 assignments1 discussion prompt
In this module, you will continue your study of the employer's accounting for employee retirement benefits, including health care plans, multi-employer plans, and defined contribution plans. We will learn the definitions of curtailment and settlement and the impact of each on the financial statements. The module also describes defined contribution plans and multi-employer plans. The module will wrap up with a brief discussion of some of the major differences between US GAAP and IFRS.
8 videos2 readings9 assignments
In this module, the conversation changes from liabilities to equity. You will learn how to account for the issuance of common stock and basic transactions such as cash dividends, stock dividends, stock splits, and the purchase and reissuance of treasury stock. The module also includes a discussion of preferred stock and accumulated other comprehensive income.
10 videos2 readings11 assignments
In this module, you will be introduced to share-based payments, such as stock options. We will learn the different models used in valuing equity instruments. This module will begin with a simple example for the accounting of employee stock options, and will then build on that to include forfeitures and graded vesting. The module will conclude with a discussion of stock appreciation rights and restricted shares.
10 videos2 readings10 assignments
In this module, you will be introduced to the concept of earnings per share (EPS). You will learn how to account for basic EPS and diluted EPS. The module includes discussion of how preferred stock, options, and conversion features affect the numerator and denominator when calculating basic and diluted EPS. The module continues with the discussion of the mechanics of the if-converted and treasury stock methods, and the accounting for antidilutive securities.
10 videos2 readings11 assignments
In this module, you will be introduced to the accounting for changes in accounting principles, changes in accounting estimates, and correction of errors from a previous period. The module will discuss the three techniques used when a new standard is adopted: retrospective, modified retrospective, and prospective.
8 videos2 readings9 assignments
In this module, you will be introduced to the statement of cash flows. We will learn how to classify cash flows as investing, financing, or operating activities. The module will conclude with a comparison of the statement of cash flows prepared using the direct and indirect methods.
9 videos2 readings10 assignments
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We asked all learners to give feedback on our instructors based on the quality of their teaching style.
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This course is part of the following degree program(s) offered by University of Illinois Urbana-Champaign. If you are admitted and enroll, your completed coursework may count toward your degree learning and your progress can transfer with you.¹
This course is part of the following degree program(s) offered by University of Illinois Urbana-Champaign. If you are admitted and enroll, your completed coursework may count toward your degree learning and your progress can transfer with you.¹
University of Illinois Urbana-Champaign
Degree · 8 months
University of Illinois Urbana-Champaign
Degree · 1.5 – 3 years
¹Successful application and enrollment are required. Eligibility requirements apply. Each institution determines the number of credits recognized by completing this content that may count towards degree requirements, considering any existing credits you may have. Click on a specific course for more information.
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Reviewed on Oct 31, 2019
The course was very supportive and would help to my career path. Special thanks to course instructor Sir John Hepp.
Reviewed on Jan 31, 2021
I like the course, which provided a thorough breakdown of direct and indirect method. The professor's sound knowledge and accounting acumen made the course interesting and easy to understand.
Reviewed on Apr 19, 2018
Thank you Sir! A lot of great stuff that you have passed on to us. Thank you so much for your time and great work.
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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. If you only want to read and view the course content, you can audit the course for free.