Accounting Analysis I: The Role of Accounting as an Information System

  • 4.8
Approx. 26 hours to complete

Course Summary

This course provides an introduction to accounting information systems, including the role of accounting in organizations and the importance of internal controls. Students will learn about the different types of accounting information systems, the components of these systems, and how to analyze and design them.

Key Learning Points

  • Understand the role of accounting in organizations
  • Learn about internal controls and their importance
  • Gain knowledge on different types of accounting information systems
  • Analyze and design accounting information systems

Related Topics for further study


Learning Outcomes

  • Understand the role of accounting in organizations
  • Analyze and design accounting information systems
  • Identify and implement internal controls

Prerequisites or good to have knowledge before taking this course

  • Basic knowledge of accounting concepts
  • Familiarity with computer systems and software

Course Difficulty Level

Intermediate

Course Format

  • Online
  • Self-paced
  • Video Lectures
  • Quizzes

Similar Courses

  • Financial Accounting
  • Management Accounting: Costing and Budgeting

Related Education Paths


Notable People in This Field

  • Robert Half
  • The Institute of Internal Auditors

Related Books

Description

This course is the first course in a five-course Financial Reporting Specialization that covers the collection, processing, and communication of accounting information (via financial reports) about economic entities to interested parties (i.e., managers and external stakeholders such as stockholders and creditors). To gain the most relevant knowledge from these courses, learners should have taken a basic accounting course prior to this Specialization (which can be done through Coursera courses, such as any accounting course from the Fundamentals of Accounting Specialization: https://www.coursera.org/specializations/accounting-fundamentals). This Specialization focuses on accounting concepts, principles and theory with an emphasis on problems that arise in applying these concepts for external reporting purposes. Specific emphasis is placed on measurement of assets, liabilities, equities and income, as well as disclosure of additional information that may assist users understand the financial reports.

Outline

  • Course Orientation
  • Learn on Your Terms
  • Syllabus
  • About the Discussion Forums
  • Learn More About Flexible Learning Paths
  • Updating Your Profile
  • Orientation Quiz
  • Module 1: Financial Accounting Structure/Environment
  • Module 1 Introduction
  • What Is the Key Focus of Financial Accounting?
  • Cash vs Accrual Accounting
  • GAAP vs IFRS and Convergence
  • Accounting Standards and GAAP Assumptions
  • FASB Interview with Brian McKeown
  • Module 1 Wrap-Up
  • Module 1 Readings and Resources
  • Lesson 1-1 Knowledge Check
  • Lesson 1-2 Knowledge Check
  • Lesson 1-3 Knowledge Check
  • Lesson 1-4 Knowledge Check
  • Module 1 Quiz
  • Module 2: Review of Accounting Process
  • Module 2 Introduction
  • Using the Accounting Equation During the Processing Cycle
  • Adjusting Entries
  • Financial Statements
  • Module 2 Wrap-Up
  • Module 2 Readings and Resources
  • Lesson 2-1 Knowledge Check
  • Lesson 2-2 Knowledge Check
  • Lesson 2-3 Knowledge Check
  • Module 2 Quiz
  • Module 3: Balance Sheet & Financial Disclosures
  • Module 3 Introduction
  • Usefulness, Limitations, and Classifications of the Balance Sheet
  • Financial Disclosures
  • Risk and Ratio Analysis
  • Operating Segments and Other Disclosures
  • Module 3 Wrap-Up
  • Simplified “Personal” Balance Sheet Example
  • Module 3 Readings and Resources
  • Lesson 3-1 Knowledge Check
  • Lesson 3-2 Knowledge Check
  • Lesson 3-3 Knowledge Check
  • Lesson 3-4 Knowledge Check
  • Module 3 Quiz
  • Module 4: Income Statement and Accounting Changes
  • Module 4 Introduction
  • Lesson 4-1: Income Statement and Its Key Components
  • Discontinued Operations and Earnings Per Share
  • Accounting Changes
  • Module 4 Wrap-Up
  • Module 4 Readings and Resources
  • Lesson 4-1 Knowledge Check
  • Lesson 4-2 Knowledge Check
  • Lesson 4-3 Knowledge Check
  • Module 4 Quiz
  • Module 5: Time Value of Money, Ethics, & Other Financial Statements
  • Module 5 Introduction
  • Time Value of Money
  • Ethics, Professionalism, and Fraud
  • Statement of Comprehensive Income and Statement of Cash Flows
  • HE&R CEO Interview with Bill Simpson
  • Module 5 Wrap-Up
  • Module 5 Readings and Resources
  • Lesson 5-1 Knowledge Check
  • Lesson 5-2 Knowledge Check
  • Lesson 5-3 Knowledge Check
  • Module 5 Quiz
  • Module 6: Revenue Recognition
  • Module 6 Introduction
  • Revenue Recognition Issues Including the Five Key Steps
  • Dealing with Multiple Performance Obligations (POs)
  • Special Revenue Recognition Issues
  • Module 6 Wrap-Up
  • Module 6 Readings and Resources
  • Lesson 6-1 Knowledge Check
  • Lesson 6-2 Knowledge Check
  • Lesson 6-3 Knowledge Check
  • Module 6 Quiz
  • Module 7: Revenue & Ratio Analysis
  • Module 7 Introduction
  • Accounting for Long-Term Contracts
  • Accounting for Losses on Long-Term Contracts
  • Installment Sales Method
  • Profitability Analysis Using Financial Ratios
  • Module 7 Wrap-Up
  • Module 7 Readings and Resources
  • Lesson 7-1 Knowledge Check
  • Lesson 7-2 Knowledge Check
  • Lesson 7-3 Knowledge Check
  • Lesson 7-4 Knowledge Check
  • Module 7 Quiz
  • Service Revenue and Evaluating Efficiency Problem Set
  • Module 8: Course Wrap-Up & Case Study
  • Gies Online Programs
  • Course Wrap-Up and Case Study Introduction
  • Congratulations!
  • Get Your Course Certificate

Summary of User Reviews

Discover the fundamentals of accounting information systems with this online course on Coursera. Users have praised the course for its comprehensive coverage of the topic, practical examples, and engaging instructor.

Key Aspect Users Liked About This Course

Many users thought the practical examples provided in the course were particularly helpful.

Pros from User Reviews

  • Comprehensive coverage of accounting information systems
  • Engaging instructor
  • Practical examples provided
  • Flexible scheduling options
  • Interactive quizzes and assignments

Cons from User Reviews

  • Some users found the course content to be too basic
  • Limited interaction with other students
  • Lack of real-world case studies
  • No certificate of completion offered for free version
  • Technical issues with the online platform
English
Available now
Approx. 26 hours to complete
Gregory L. Davis, CPA, CMA, CFM, CCM
University of Illinois at Urbana-Champaign
Coursera

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