In this course, you will explore advanced topics in financial accounting. You will start your journey with accounting for assets with more than a 1-year life. You will learn in detail how firms account for fixed assets. You will then move on to the 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 the preparation, components, and analysis of the cash flows statement.
Financial Accounting: Advanced Topics
Financial Accounting: Advanced Topics
This course is part of multiple programs.
Instructor: Oktay Urcan
57,827 already enrolled
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Gain insight into a topic and learn the fundamentals.
4.7
(1,694 reviews)
Intermediate level
Some related experience required
Flexible schedule
Approx. 11 hours
Learn at your own pace
97%
Most learners liked this course
What you'll learn
To account for fixed assets
Understand accounting for liabilities
Evaluate shareholders’ equity section of a balance sheet, and
Understand preparation and information provided by cash flows statement.
Skills you'll gain
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Assessments
22 quizzes, 2 assignments
Taught in English
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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
2 videos5 readings1 quiz1 discussion prompt1 plugin
Long-term assets, assets that can be converted into cash in a time period of more than 1 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.
What's included
7 videos5 readings7 quizzes
One of the major sources of financing for many firms is liabilities. Firms routinely finance their operations through various liabilities, including accounts payable, bank loans, and bonds. Accounting for liabilities will help you understand how liabilities are created, how they are valued, and how they inform a firm’s liquidity position.
What's included
7 videos4 readings5 quizzes1 assignment
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 the 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.
What's included
6 videos5 readings6 quizzes
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. The cash flows statement provides valuable information about the liquidity position of a firm, the cash consequences of managerial operating and investing decisions, as well as the earnings quality of a firm.
What's included
5 videos6 readings3 quizzes1 assignment1 peer review1 plugin
Instructor
Instructor ratings
4.6 (241 ratings)Offered by
Recommended if you're interested in Finance
IE Business School
University of Illinois Urbana-Champaign
University of California, Irvine
Sapienza University of Rome
Build toward a degree
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
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Learner reviews
4.7
1,694 reviews
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Showing 3 of 1694
BM
5
Reviewed on Sep 30, 2018
Presented in a manner that is easy to understand. I like that the coursework is presented as a slide first. Then, the lecture goes over the slides.
MM
4
Reviewed on Oct 27, 2017
The instructor's way is straight to the point which is a good thing, but lessons are too short and needs more practice lessons and more examples
AS
5
Reviewed on Mar 3, 2018
A lot of information to learn in such shorts sessions, but I felt the info and professors delivery kept my interest and challenged my thinking.
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