Accounting Analysis II: Accounting for Liabilities and Equity from Coursera

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Syllabus

Course Introduction

In this module, you will become familiar with the course, your instructor and your classmates, and our learning environment. This orientation will also help you obtain the technical skills required to navigate and be successful in this course.

Module 1: Deferred Taxes Part 1

In this module, you will be introduced to the accounting by employers for employee postretirement benefits. We will explore the basic features of accounting for defined benefit plans, including benefit obligations, plan assets, and the components of net periodic benefit cost. The discussion includes accounting for changes in net pension asset or liability that are recognized in other comprehensive income.

Module 2: Deferred Taxes Part 2

In this module, you will continue your study of the employer's accounting for employee retirement benefits, including health care plans, multi-employer plans, and defined contribution plans. We will learn the definitions of curtailment and settlement and the impact of each on the financial statements. The module also describes defined contribution plans and multi-employer plans. The module will wrap up with a brief discussion of some of the major differences between US GAAP and IFRS.

Module 3: Equity

In this module, the conversation changes from liabilities to equity. You will learn how to account for the issuance of common stock and basic transactions such as cash dividends, stock dividends, stock splits, and the purchase and reissuance of treasury stock. The module also includes a discussion of preferred stock and accumulated other comprehensive income.

Module 4: Share-Based Payments

In this module, you will be introduced to share-based payments, such as stock options. We will learn the different models used in valuing equity instruments. This module will begin with a simple example for the accounting of employee stock options, and will then build on that to include forfeitures and graded vesting. The module will conclude with a discussion of stock appreciation rights and restricted shares.

Module 5: Earnings Per Share

In this module, you will be introduced to the concept of earnings per share (EPS). You will learn how to account for basic EPS and diluted EPS. The module includes discussion of how preferred stock, options, and conversion features affect the numerator and denominator when calculating basic and diluted EPS. The module continues with the discussion of the mechanics of the if-converted and treasury stock methods, and the accounting for antidilutive securities.

Module 6: Accounting Changes

In this module, you will be introduced to the accounting for changes in accounting principles, changes in accounting estimates, and correction of errors from a previous period. The module will discuss the three techniques used when a new standard is adopted: retrospective, modified retrospective, and prospective.

Module 7: Statement of Cash Flows

In this module, you will be introduced to the statement of cash flows. We will learn how to classify cash flows as investing, financing, or operating activities. The module will conclude with a comparison of the statement of cash flows prepared using the direct and indirect methods.

Module 8: Course Evaluation

This module is for you to tell us what you think of the course.

Good to know

Know what's good

, what to watch for

, and possible dealbreakers

Explores FASB Accounting Standards Codification and other resources, which are standard in the accounting industry

Taught by Scott Mendoza, a recognized accounting expert

Develops skills in recognizing, measuring, and accounting for equity, pensions, share-based compensation, and cash flows

Provides a strong foundation for understanding advanced accounting principles

Covers topics that are highly relevant to the accounting profession

Requires extensive background knowledge in accounting, making it suitable for intermediate learners

Reviews summary

Accounting analysis ii: acclaimed lectures from finance expert

Learners say Professor Ibrahim's Accounting Analysis II course is excellent, engaging, and beneficial. Many students appreciate Professor Ibrahim's thorough explanations, passion, and sound knowledge in the field, while others feel the course could improve by providing certificates in a more timely manner and making it easier for learners to achieve honors.

Lectures are excellent and engaging

"Excellent course"

"very beneficial"

"I like the course, which provided a thorough breakdown of direct and indirect method."

Engaging, expert instructor

"Professor Ibrahim is so amazing. I learned so much!"

"Awesome and Passionate Lecturer... "

"I love this instructor. He is personable, and I like how he explains things."

Course may delay in providing certificates

"very beneficial , but its too late for providing certificates "

Course may be difficult for earning honors

"There is much difficulty faced by many students for getting honors grading which required by students to review."

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Accounting Analysis II: Accounting for Liabilities and Equity with these activities:

Review U.S. GAAP accounting standards

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Understand U.S. GAAP to facilitate course learning.

Browse courses on U.S. GAAP

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Review key concepts of U.S. GAAP
Focus on the areas covered in the course

Practice journal entries

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Sharpen journal entry skills for better course comprehension.

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Record simple journal entries
Practice journal entries for topics covered in the course

Follow tutorials on deferred taxes

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Deepen understanding of deferred taxes through expert-led tutorials.

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Find reputable tutorials on deferred taxes
Watch and take notes on the tutorials

Four other activities

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Solve practice questions on pensions

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Reinforce pension accounting knowledge through practice.

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Find practice questions on pensions
Attempt to solve the practice questions

Create a cheat sheet on share-based compensation

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Solidify understanding of share-based compensation by creating a comprehensive reference.

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Gather information on share-based compensation
Organize the information into a coherent cheat sheet

Join a study group for earnings per share

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Enhance comprehension of earnings per share through peer discussions.

Browse courses on Earnings Per Share

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Find or create a study group focused on earnings per share
Actively participate in discussions and ask questions

Attend a workshop on statement of cash flows

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Gain practical insights into statement of cash flows through a structured workshop.

Browse courses on Statement of Cash Flows

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Identify a reputable workshop on statement of cash flows
Attend the workshop and actively participate

Career center

Learners who complete Accounting Analysis II: Accounting for Liabilities and Equity will develop knowledge and skills that may be useful to these careers:

Chief Financial Officer

Chief Financial Officers are responsible for overseeing a company's financial operations. This course is likely required for individuals who wish to advance to the position of Chief Financial Officer.

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Auditor

Auditors independently review a company's financial statements and provide assurance as to their accuracy. The course will help prepare students to sit for one of the national CPA exams, which is an important credential for Auditors.

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Tax Accountant

Tax Accountants are responsible for preparing tax returns and ensuring that a company complies with all tax laws. This course will help Tax Accountants stay up-to-date on the latest tax laws and regulations. Also, a strong understanding of the content taught in this course will help prepare students for the CPA exam.

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Forensic Accountant

Forensic Accountants investigate financial crimes, such as fraud and embezzlement. They use their accounting skills to track down and analyze financial evidence. This course is likely required for individuals who wish to become Forensic Accountants.

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Controller

Controllers are responsible for managing a company's financial operations. This course may be useful for Controllers who wish to advance to the position of Chief Financial Officer.

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Financial Analyst

Financial Analysts use financial data and models to evaluate companies and make investment recommendations. This course may be useful for Financial Analysts who lack a background in accounting, and who wish to build a foundation in the subject as it pertains to stocks and other such investments..

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Cost Accountant

Cost Accountants track and analyze the costs of a company's products or services. They use this information to make decisions about pricing and production. This course may be useful for Cost Accountants who wish to gain a deeper understanding of accounting principles.

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Management Consultant

Management Consultants help organizations improve their performance. They use a variety of techniques, including financial analysis, to identify and solve problems. This course may be useful for Management Consultants who wish to gain a deeper understanding of accounting principles.

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Operations Research Analyst

Operations Research Analysts use mathematical and statistical techniques to solve problems in a variety of industries, including manufacturing, transportation, and healthcare. This course may be useful for Operations Research Analysts who wish to gain a deeper understanding of accounting principles.

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Actuary

Actuaries use mathematical and statistical techniques to assess risk and uncertainty. They work in a variety of industries, including insurance, finance, and healthcare. This course may be useful for Actuaries who wish to gain a deeper understanding of accounting principles.

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Investment Banker

Investment Bankers help companies raise money by issuing stocks or bonds. They also provide advice on mergers and acquisitions. This course may be useful for Investment Bankers who wish to gain a deeper understanding of accounting principles.

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Credit Analyst

Credit Analysts assess the creditworthiness of individuals and companies. They use this information to make lending decisions. This course may be useful for Credit Analysts who wish to gain a deeper understanding of accounting principles.

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Budget Analyst

Budget Analysts create and manage budgets for organizations. They use accounting data to forecast revenue and expenses. This course may be useful for Budget Analysts who wish to gain a deeper understanding of accounting principles.

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Financial Planner

Financial Planners help individuals and families manage their finances. This course may be useful for Financial Planners who wish to gain a deeper understanding of accounting principles.

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Staff Accountant

Staff Accountants are responsible for maintaining financial records, preparing financial reports, and ensuring that a company complies with all accounting regulations. This course may be useful for Staff Accountants who wish to advance to the position of Senior Accountant.

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