Financial Accounting is often called the language of business; it is the language that managers use to communicate the firm's financial and economic information to external parties such as shareholders and creditors. Nobody working in business can afford financial illiteracy. Whether you run your own business, work as a manager or are just starting your career, you want to understand financial information and be able to interact with accountants, controllers, and financial managers. You want to talk business!
Accounting: Principles of Financial Accounting
Accounting: Principles of Financial Accounting
This course is part of multiple programs.
Instructor: Marc Badia
Sponsored by Louisiana Workforce Commission
140,535 already enrolled
Gain insight into a topic and learn the fundamentals.
4.8
(3,120 reviews)
Beginner level
No prior experience required
Flexible schedule
Approx. 12 hours
Learn at your own pace
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Assessments
5 assignments
Taught in English
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There are 4 modules in this course
Welcome! Before you start today's videos, please have a look at the syllabus. In this first session, I'll give you an overview of what accounting is all about and why it's important to have a basic proficiency in this "language." In addition, I'll introduce one of the most important financial reports - the balance sheet - and a practical real-world case so you can put theory into practice. Objectives: To gain insight into the essence of accounting and become familiar with the balance sheet and its purpose.
What's included
10 videos8 readings1 assignment
Now that you are familiar with the balance sheet, in week two we'll learn how to account for a variety of transactions. In addition, I'll introduce you to another key financial report: the income statement. Course objectives: To be able to recognize a broader range of transactions on the balance sheet and to become familiar with the income statement.
What's included
11 videos5 readings1 assignment
Now that you have a good grasp of the balance sheet and income statement, I'll help you master how to recognize the transactions we went over in week two. I'll also introduce a third financial report - the cash flow statement - and discuss liquidity. Course objectives: To understand the difference between liquidity and profitability, become familiar with T-accounts and gain insight into the purpose of the cash flow report.
What's included
14 videos4 readings1 assignment
By using accrual accounting we can measure performance when a financial transaction takes place, even if no cash has actually changed hands. In this final session, we'll discuss the difference between accrual and cash accounting and also read and interpret a real enterprise's financial statements. Course objectives: By the end of the session, you will be able to handle numerous transactions for the purposes of financial reporting, and understand the advantages of accrual accounting.
What's included
11 videos6 readings2 assignments1 peer review
Instructor
Instructor ratings
4.8 (862 ratings)Offered by
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4.8
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TV
5
Reviewed on Apr 4, 2020
I enjoyed this course. I found the instruction very thorough. The practical applications made the concepts easy to understand and apply. The instructor was easy to listen to and follow along with.
ML
5
Reviewed on Jun 20, 2023
A thorough introduction to Accounting for newcomers as well as a great refresher course. Examples are practical and easy to understand, while still challenging your thinking. Really enjoyed it.
BR
4
Reviewed on Dec 18, 2020
Very interesting. Some of the points regarding definitions were lost - Prof Badia explained this so much better than reading but notes and slowing down the video was needed for me to recall these.
Recommended if you're interested in Business
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