Brief Introduction
Earn a strong foundation in financial reporting concepts and methods, and use your skills to prepare and analyze financial statements.
Description
This course builds on introductory accounting courses by providing you with adeepunderstanding of the conceptual foundations and mechanics of financial reporting and accounting standards. The course focuses on the measurement and reporting of the asset side of the balance sheetsas well as the measurement of revenues and expenses on income statements. The content of the course is particularly important for students seeking careers in accounting and finance,as well as professionals who wantto increase their knowledge of financial accounting.
Before taking this course,you should be familiar with basic accounting terminology, T-accounts, and journal entries. FinancialReportingI will help you become more fluent in accounting and business discussions.
The course places emphasis on firms’ economic transactions and business activities, and the accounting measurements and journal entries we use to measure and report those transactions and activities. You willdevelop professional judgment and critical thinking skills.You willconsider the economics of business activities and events and consider the degree to which financial reports capture the underlying economics.This will enable you toobtain the tools necessary to understand and execute accounting procedures with an increased appreciation of the broader business context in which accounting information is prepared and used in business decisions.
Knowledge
- Understand thebroadobjectives of financial reporting and with respect to specific transactions
- Howto measure, record,and report important business transactions
- How to prepare and analyze financial statements,includingbalance sheets and income statements
- How to effectively research more complex topic areas in US GAAP using the FASB’s Codification and other resources
The 2021 Complete Masterclass On Managerial Cost Accounting
- 3.4
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2021 Update - Learn Managerial Accounting (Cost Accounting) from an Accounting MBA with 20+ Years Experience! Are You An Accounting Student, Accounting Manager, Controller or CFO?...
Wave Accounting Free Cloud-based Software for Small Business
- 4
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Take Control of your Business Finances and Make Better Decisions Otherwise you are setting yourself up for failure if you don't have useful and accurate business information....
Corporate Tax Filing: Schedule M-3: Part III
- 0.0
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This course covers the Schedule M-3, Part III filing and reporting requirements. Completion of Part III requires the disclosure of detailed information regarding book-tax differences when reporting expense/deduction items....
Business English: Capstone Project
- 4.7
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The capstone project will give you opportunities to demonstrate your competence in the learning objectives for this Specialization. Course Learning Objectives...
