Introduction to Financial Accounting

  • 4.7
Approx. 13 hours to complete

Course Summary

Learn the fundamentals of financial accounting from Wharton Business School professors. This course covers the basics of financial accounting and is suitable for those with little or no accounting knowledge.

Key Learning Points

  • Understand financial statements and how to analyze them
  • Learn key accounting principles and concepts
  • Discover how accounting affects business decision-making

Job Positions & Salaries of people who have taken this course might have

  • Accountant
    • USA: $50,000 - $70,000
    • India: INR 3,00,000 - INR 5,00,000
    • Spain: €25,000 - €35,000
  • Financial Analyst
    • USA: $60,000 - $90,000
    • India: INR 4,00,000 - INR 8,00,000
    • Spain: €30,000 - €50,000
  • Chief Financial Officer (CFO)
    • USA: $150,000 - $300,000
    • India: INR 20,00,000 - INR 50,00,000
    • Spain: €80,000 - €150,000

Related Topics for further study


Learning Outcomes

  • Understand the basics of financial accounting
  • Analyze financial statements
  • Make informed business decisions based on accounting data

Prerequisites or good to have knowledge before taking this course

  • No prior accounting knowledge required
  • Basic understanding of math

Course Difficulty Level

Beginner

Course Format

  • Online
  • Self-paced

Similar Courses

  • Financial Accounting Fundamentals from Harvard Business School
  • Introduction to Financial Accounting from University of Pennsylvania

Related Education Paths


Notable People in This Field

  • Brian J Bushee
  • Michael R Roberts

Related Books

Description

Master the technical skills needed to analyze financial statements and disclosures for use in financial analysis, and learn how accounting standards and managerial incentives affect the financial reporting process. By the end of this course, you’ll be able to read the three most common financial statements: the income statement, balance sheet, and statement of cash flows. Then you can apply these skills to a real-world business challenge as part of the Wharton Business Foundations Specialization.

Outline

  • Week 1: Introduction and Balance Sheet
  • 1.1.1: Financial Reporting Overview
  • 1.1.2: Financial Reporting Example
  • 1.2.1: Balance Sheet Equation
  • 1.2.2: Assets, Liabilities, and Stockholders' Equity
  • 1.3.1: Debit and Credit Bookkeeping I
  • 1.3.2: Debit and Credit Bookkeeping II
  • 1.4.1: Relic Spotter Case, Part 1
  • 1.4.2: Relic Spotter Case, Part 2
  • 1.5: 3M Company: Tour of an Annual Report
  • Syllabus
  • Frequently Asked Questions
  • PDF files for videos
  • PDF files for videos
  • PDF files for videos
  • PDF files for videos
  • PDF files for videos
  • Learning check-in
  • Homework #1
  • Week 2: Accrual Accounting and the Income Statement
  • 2.1: Revenues and Expenses
  • 2.2: Relic Spotter Case, Part 3
  • 2.3.1: Adjusting Entries I
  • 2.3.2: Adjusting Entries II
  • 2.4.1: Relic Spotter Case, Part 4a
  • 2.4.2: Relic Spotter Case, Part 4b
  • 2.5: Financial Statements and Closing Entries
  • 2.6: 3M Company: Income Statement and Balance Sheet
  • PDF files for videos
  • PDF files for videos
  • PDF files for videos
  • PDF files for videos
  • PDF files for videos
  • PDF files for videos
  • Homework #2
  • Week 3: Cash Flows
  • 3.1.1: Operating, Investing, and Financing Cash Flows
  • 3.1.2: Relic Spotter Case, Part 5
  • 3.2.1: Statement of Cash Flows
  • 3.2.2: Relic Spotter Case, Part 6
  • 3.3.1: More SCF Topics and EBITDA
  • 3.3.2: Cash Flow vs. EBITDA Examples
  • 3.4: 3M Company: Cash Flows
  • PDF files for videos
  • PDF files for videos
  • PDF files for videos
  • PDF files for videos
  • Homework #3
  • Week 4: Ratio Analysis and Final Exam
  • 4.1: Overview of Ratio Analysis
  • 4.2: Plainview Technology Case, Part 1
  • 4.3: Plainview Technology Case, Part 2
  • 4.4: Plainview Technology Case, Part 3
  • 4.5: 3M Company: Ratios
  • PDF files for videos
  • PDF files for videos
  • PDF files for videos
  • Final Exam, Part 1
  • Final Exam, Part 2

Summary of User Reviews

The Wharton Accounting course on Coursera has received overwhelmingly positive reviews for its comprehensive content and engaging instructors. Students praise the course for providing a solid foundation in accounting principles, making the material accessible to learners of all levels. The course is highly recommended for anyone interested in gaining a better understanding of accounting practices.

Key Aspect Users Liked About This Course

The course is praised for its comprehensive content and engaging instructors.

Pros from User Reviews

  • Provides a solid foundation in accounting principles
  • Content is accessible to learners of all levels
  • Engaging instructors make the material interesting and relevant
  • Course materials are well-organized and easy to follow
  • Provides real-world examples to illustrate accounting concepts

Cons from User Reviews

  • Lack of interaction with instructors or peers
  • Some students find the course too basic or repetitive
  • May be too time-consuming for learners with busy schedules
  • Not suitable for those seeking advanced accounting knowledge
  • No certification or degree offered upon completion
English
Available now
Approx. 13 hours to complete
Brian J Bushee
University of Pennsylvania
Coursera

Instructor

Brian J Bushee

  • 4.7 Raiting
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