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Accounting: Principles of Financial Accounting

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Accounting: Principles of Financial Accounting

This course is part of multiple programs.

170,119 already enrolled

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Gain insight into a topic and learn the fundamentals.
4.8

3,339 reviews

Beginner level
No prior experience required
Flexible schedule
1 week at 10 hours a week
Learn at your own pace
97%
Most learners liked this course
Gain insight into a topic and learn the fundamentals.
4.8

3,339 reviews

Beginner level
No prior experience required
Flexible schedule
1 week at 10 hours a week
Learn at your own pace
97%
Most learners liked this course

What you'll learn

  • Utilize accounting principles for informed business decision-making.

Details to know

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Assessments

9 assignments

Taught in English

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  • Earn a shareable career certificate

There are 4 modules in this course

Financial Accounting, the language of business, is essential for anyone interacting with financial information. Whether you're a business owner, manager, or just starting your career, understanding financial statements is crucial. This course provides the fundamentals of financial accounting, empowering you to interpret financial statements like balance sheets and income statements for informed decision-making. You'll gain the conceptual base for further learning in accounting and finance. No prior experience is needed. Practice your skills using Microsoft Excel, a critical tool in finance and accounting. Understand the basics of accounting, improving your business and potentially unlocking free courses and certificate opportunities along the way.

Welcome! Before you start today's videos, please have a look at the syllabus. In this first module, 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.

What's included

10 videos7 readings2 assignments

10 videos•Total 48 minutes
  • Introduction - Welcome to the Course•4 minutes
  • 1. Accounting: The Language of Business•6 minutes
  • 2. Practice Case: The Campus Bookstore I•7 minutes
  • 3. Practice Case: The Campus Bookstore II•3 minutes
  • 4. Accounting for our First Transactions•3 minutes
  • 5. Accounting for More Transactions•5 minutes
  • 6. Explaining the Balance Sheet•7 minutes
  • 7. Defining an Asset•6 minutes
  • 8. Defining a Liability•4 minutes
  • 9. Recap•2 minutes
7 readings•Total 92 minutes
  • Course Overview & Syllabus•5 minutes
  • Reminder of Coursera's Honor Code•1 minute
  • Transactions Module 1•5 minutes
  • Get help and meet other learners. Join your Community!•5 minutes
  • About Module 1•1 minute
  • Required Reading Module 1: "The Balance Sheet"•30 minutes
  • Required Reading Module 1: "Introduction to Financial Accounting"•45 minutes
2 assignments•Total 50 minutes
  • Quiz Module 1 •30 minutes
  • Why Accounting? A Quick Business Check•20 minutes

Now that you are familiar with the balance sheet, in this second module 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.

What's included

11 videos4 readings2 assignments

11 videos•Total 49 minutes
  • 1. Introduction to Module 2•1 minute
  • 2. Recap of Module 1•2 minutes
  • 3. Purchasing More Inventory•3 minutes
  • 4. Sales and Cost of Goods Sold•7 minutes
  • 5. Selling, General and Administrative Expenses•5 minutes
  • 6. Some Collections and Payments of Cash•4 minutes
  • 7. Depreciation and Amortization•8 minutes
  • 8. Interest from Bank Loan and Taxes•4 minutes
  • 9. Preparing the Balance Sheet•4 minutes
  • 10. Introducing the Income Statement•7 minutes
  • 11. Recap of Module 2 and Conclusions•4 minutes
4 readings•Total 44 minutes
  • About Module 2•1 minute
  • Transactions Module 2•3 minutes
  • Required Reading Module 2: "The Income Statement"•30 minutes
  • Required Reading Module 2: "Introduction to Financial Accounting"•10 minutes
2 assignments•Total 60 minutes
  • Quiz Module 2•30 minutes
  • What Affects the Income Statement?•30 minutes

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 the second module. I'll also introduce a third financial report - the cash flow statement - and discuss liquidity.

What's included

14 videos3 readings2 assignments

14 videos•Total 67 minutes
  • 1. Introduction to Module 3•2 minutes
  • 2. Recap of Module 2•3 minutes
  • 3. T-Accounts and Journal Entries•6 minutes
  • 4. Setting up T-Accounts for the Campus Bookstore•3 minutes
  • 5. Sales, Cost of Goods Sold, Collections from Customers and Payment to Suppliers•7 minutes
  • 6. Other Operating Costs•4 minutes
  • 7. Transactions with Non-Current Assets•8 minutes
  • 8. Bank Loans and Interest•4 minutes
  • 9. Taxes, Closing Entries and Payments of Dividends•6 minutes
  • 10. Preparing the Balance Sheet•4 minutes
  • 11. Preparing the Income Statement•5 minutes
  • 12. Introducing the Cash Flow Statement I•7 minutes
  • 13. Introducing the Cash Flow Statement II•4 minutes
  • 14. Recap of Module 3 and Conclusions•3 minutes
3 readings•Total 60 minutes
  • About Module 3•10 minutes
  • Transactions Module 3•10 minutes
  • Required Reading Module 3: "The Statement of Cash Flows"•40 minutes
2 assignments•Total 60 minutes
  • Quiz Module 3•30 minutes
  • Which Account Is Affected?•30 minutes

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 module, we'll discuss the difference between accrual and cash accounting and also read and interpret a real enterprise's financial statements.

What's included

11 videos6 readings3 assignments1 peer review

11 videos•Total 67 minutes
  • 1. Introduction to Module 4•2 minutes
  • 2. Recap of Module 3•6 minutes
  • 3. Accrual accounting vs. cash accounting•5 minutes
  • 4. Measuring performance with accrual accounting•6 minutes
  • 5. A few examples: prepaid insurance, accrued interest and advances from customers•7 minutes
  • 6. Performance evolution of the Campus Bookstore I•8 minutes
  • 7. Performance evolution of the Campus Bookstore II•7 minutes
  • 8. Reading and interpreting real financial statements I•8 minutes
  • 9. Reading and interpreting real financial statements II•4 minutes
  • 10. Advanced topics you can explore on your own•7 minutes
  • 11. Conclusions•6 minutes
6 readings•Total 60 minutes
  • About Module 4•10 minutes
  • Transactions Module 4•10 minutes
  • Quiz 4 Part I with Solutions•10 minutes
  • Quiz Module 4 Background Information for Reference•10 minutes
  • Prompt•10 minutes
  • Solutions•10 minutes
3 assignments•Total 90 minutes
  • Quiz Module 4 - Part 1•30 minutes
  • New Quiz•30 minutes
  • Cash or Accrual?•30 minutes
1 peer review•Total 60 minutes
  • Quiz Module 4 - Part 2•60 minutes

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Instructor

Instructor ratings
4.8 (936 ratings)
IESE Business School
1 Course•170,119 learners

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Showing 3 of 3339

KM
·

Reviewed on Jun 30, 2017

Excellent teaching style and ver god knowledge. I am now able to read and understanding the balance, income statement, profit and loss statement and cash statement of various companies.

BR
·

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.

SM
·

Reviewed on Jun 21, 2020

prof marc badia explains each and every concept very crisply and also provides details understanding of each topics. I am really grateful to him for this course. Thank you very much Sir!!

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