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Oktay Urcan
In this course, you will explore advanced topics in financial accounting. You will start your journey with accounting for assets with more than one-year life. You will learn in detail how firms account for fixed assets. You will then move to financing of assets and discuss accounting for liabilities. The course will continue with an in-depth exploration of shareholders’ equity. Finally, you will critically evaluate preparation, components, and analysis of cash flows statement.
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In this course, you will explore advanced topics in financial accounting. You will start your journey with accounting for assets with more than one-year life. You will learn in detail how firms account for fixed assets. You will then move to financing of assets and discuss accounting for liabilities. The course will continue with an in-depth exploration of shareholders’ equity. Finally, you will critically evaluate preparation, components, and analysis of cash flows statement.
Read more
In this course, you will explore advanced topics in financial accounting. You will start your journey with accounting for assets with more than one-year life. You will learn in detail how firms account for fixed assets. You will then move to financing of assets and discuss accounting for liabilities. The course will continue with an in-depth exploration of shareholders’ equity. Finally, you will critically evaluate preparation, components, and analysis of cash flows statement.
Upon successful completion of this course, you will be able to:
• Account for fixed assets
• Understand accounting for liabilities
• Evaluate shareholders’ equity section of a balance sheet
• Understand preparation and information provided by cash flows statement
This course is part of the iMBA offered by the University of Illinois, a flexible, fully-accredited online MBA at an incredibly competitive price. For more information, please see the Resource page in this course and onlinemba.illinois.edu.
Register for this course and see more details by visiting:
OpenCourser.com/course/nyt45d/financial
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What's inside
Syllabus
Course Orientation
You will become familiar with the course, your classmates, and our learning environment. The orientation will also help you obtain the technical skills required for the course.
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Syllabus
Course Orientation
You will become familiar with the course, your classmates, and our learning environment. The orientation will also help you obtain the technical skills required for the course.
Read more
Module 1: Long-Term Assets
Long-term assets, assets that can be converted into cash in a time period of more than one year, constitute a large portion of a balance sheet for a lot of public companies. Understanding accounting for long-term assets will help you uncover how these accounts change over time, their valuation, and their usefulness in managerial decision making.
Module 2: Liabilities
One of the major sources of financing for many firms is liabilities. Firms routinely finance their operations through various liabilities including accounts payables, bank loans, and bonds. Accounting for liabilities will help you understand how liabilities are created, how they are valued, how they inform about a firm’s liquidity position.
Module 3: Shareholders’ Equity
One of the major sources of financing for many firms is contributions from shareholders. The shareholders’ equity section of a balance sheet shows details of investments of shareholders. Accounting for shareholders’ equity will help you understand the amount of shareholder investment, the number of shares issued in return by the firm for shareholders, the amount of earnings earned by the firm but not distributed to shareholders, and information about the amount of shares repurchased by the firm from the stock market.
Module 4: Cash Flows Statement
One of the major financial statements is cash flows statement. This statement describes in detail how cash changes for a firm over a certain period. Cash flows statement provides valuable information about liquidity position of a firm, cash consequences of managerial operating and investing decisions, as well as earnings quality of a firm.
Good to know
Good to know
Know what's good ,
what to watch for , and
possible dealbreakers
Develops topics fundamental to understanding financial accounting
Covers advanced financial accounting topics
Examines accounting for long-term assets, liabilities, shareholders' equity, and cash flows
Offered by the University of Illinois, an accredited institution
May require learners to have a foundation in basic accounting principles
Part of the iMBA program, which is a comprehensive online MBA
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Reviews summary
Practical financial accounting: advanced topics
Students of Financial Accounting: Advanced Topics say that the course is engaging and provides an in-depth overview of advanced accounting concepts with insightful case studies and practice materials. Learners also widely agree that Professor Oktay Urcan is an excellent instructor who is highly knowledgeable, passionate, and supportive. Overall, this course is highly recommended for individuals interested in enriching their understanding of financial accounting at an advanced level.
While the course covers advanced topics, students generally agree that the content is well-paced and manageable for those with some prior accounting knowledge.
"After learning this course, i am able to construct any cash flow statement. Loved it!"
"It was too informative subject for me.I learned alot..."
"Valuable course and every concepts are explained with good examples ."
"This course was as intresting as previouse one. IMHO you shoudn`t split cousres about financil accounting in foundations and advanced levels because they are two parts of a whole."
"Great course on financial accounting. Concepts were explained precisely and the appropriate examples and case studies were helpful to work with the actual data. Highly suggested course."
Students widely agree that this course is of high quality and provides a comprehensive understanding of advanced accounting topics.
"This course provides learners a comprehensive understanding of Advanced Topics in Financial Accounting."
"Excellent course, very informative and I can now apply the skills I have learnt."
"Fantastic Course by Prof.Oktay and has nailed it thorough on this financial Accounting and pre-requisite courses for this specific course."
"Great course, great topics, great presentations and great instructor, really clear in his explantations and always using examples to make it easier to understand.Really good materials too!"
"It is an excellent course where we deepen the financial statements, with a simple and easy to understand language. Where by means of the use of cases we see how they are applied in the companies"
The course heavily emphasizes practical learning through case studies, examples, and quizzes, which helps students apply their knowledge to real-world scenarios.
"provided real life accounting examples. very interesting class. excellent professor. he makes the class fun to listen and learn"
"Great overview of key topics with extensive practice using study cases that represent daily activities related to financial accounting."
"The Professor for this course, Oktay Urcan is an incredible guide and motivator. His course layout and extra assignments help a long way in the understanding the course better."
"Thanks to professor Oktay, though I have no background in accounting, the course was very helpful to understand the accounting principles covering advanced topics and concepts."
"This course was as intresting as previouse one. IMHO you shoudn`t split cousres about financil accounting in foundations and advanced levels because they are two parts of a whole."
Professor Oktay Urcan is consistently praised by students for his excellent teaching skills, in-depth knowledge, and enthusiasm for teaching accounting.
"Excellent professor. Explained all the concepts really well. The pace and content of course are perfect!"
"The Professor for this course, Oktay Urcan is an incredible guide and motivator. His course layout and extra assignments help a long way in the understanding the course better."
"Thanks to professor Oktay, though I have no background in accounting, the course was very helpful to understand the accounting principles covering advanced topics and concepts."
"I am very satisfied with the knowledge acquired, and optimistic about the future impact on the quality and quantity of learning. In addition, I thank the Professor for his friendliness, competence and good humor, which made the days of the Course a very pleasant experience. ""
"This course provides learners a comprehensive understanding of Advanced Topics in Financial Accounting. The cases are practical and helpful in the real life. I would like to say thanks a lot to the instructor, Associate Professor Urcan, and Coursera for the excellent connection over the world."
Some students have mentioned that the grading can be subjective in the peer-review assignments and that the course can be overloaded with information.
"Giving 4 only because of peer-review assignment. There is not enough people to provide timely reviews - you have to ask people to give you a review in the forum and wait well past deadline. Subjective grades for the short-essay can skew your otherwise perfect score for quizzes - which doesn't really make sense for learning accounting. If you used to cry because of Bs in high school - this will tickle your inner child in wrong places. This course gave me my first non-100% grade on coursera ever and thus it left sour taste xD"
"Overall a good course but I think it is quite overloaded with information that is not necessairly practical for MBA students . Also a lot of the naunces would not stick after the course is over with. Perhaps, this would have been a good class for accounting majors. Most videos are merely reading through the slides with not much added insghts or examples. Wish this course was less crammed with detailed information and more insightful instead."
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 Financial Accounting: Advanced Topics with these
activities:
Organize and Review Course Materials
Show steps
Organize and review course materials to enhance understanding and retention.
Show steps
-
Gather lecture notes, assignments, and other course materials.
-
Create a system for organizing the materials, such as using folders or a digital note-taking app.
-
Review the materials periodically to reinforce learning.
Review Basic Accounting Concepts
Show steps
Revisit basic accounting concepts to strengthen the foundation for advanced financial accounting topics.
Browse courses on
Accounting Concepts
Show steps
-
Review textbooks or online resources on basic accounting principles.
-
Complete practice exercises or quizzes to test understanding.
-
Attend a refresher workshop or webinar on basic accounting.
Review 'Intermediate Accounting' by Kieso, Weygandt, and Warfield
Show steps
Gain a deeper understanding of advanced accounting topics by reviewing a comprehensive textbook.
Show steps
-
Read chapters relevant to the course material.
-
Take notes and highlight important concepts.
-
Complete end-of-chapter exercises and review questions.
Three other activities
Expand to see all activities and additional details
Show all six activities
Liabilities Accounting Presentation
Show steps
Develop a comprehensive presentation to demonstrate an understanding of liabilities accounting and its implications.
Browse courses on
Liabilities
Show steps
-
Research and gather information on liabilities accounting.
-
Create a presentation outline covering key concepts and examples.
-
Develop visuals and supporting materials to enhance the presentation.
-
Present the liabilities accounting presentation to peers or a small group.
Cash Flow Statement Analysis Tutorials
Show steps
Follow guided tutorials to enhance the understanding of cash flow statement analysis and its significance.
Browse courses on
Cash Flow Statement
Show steps
-
Identify reputable online tutorials on cash flow statement analysis.
-
Follow the tutorials and complete the exercises.
-
Apply the learned techniques to analyze case studies or real-world examples.
Shareholders' Equity Analysis Blog Post
Show steps
Create a blog post that analyzes shareholders' equity and its implications for a company's financial health.
Browse courses on
Shareholders' Equity
Show steps
-
Research and gather data on shareholders' equity for a specific company.
-
Analyze the data and identify key trends and patterns.
-
Write a blog post presenting the analysis and providing insights.
Organize and Review Course Materials
Show steps
Organize and review course materials to enhance understanding and retention.
Show steps
Show steps
Show steps
- Gather lecture notes, assignments, and other course materials.
- Create a system for organizing the materials, such as using folders or a digital note-taking app.
- Review the materials periodically to reinforce learning.
Review Basic Accounting Concepts
Show steps
Revisit basic accounting concepts to strengthen the foundation for advanced financial accounting topics.
Browse courses on
Accounting Concepts
Show steps
Show steps
Show steps
- Review textbooks or online resources on basic accounting principles.
- Complete practice exercises or quizzes to test understanding.
- Attend a refresher workshop or webinar on basic accounting.
Review 'Intermediate Accounting' by Kieso, Weygandt, and Warfield
Show steps
Gain a deeper understanding of advanced accounting topics by reviewing a comprehensive textbook.
Show steps
Show steps
Show steps
- Read chapters relevant to the course material.
- Take notes and highlight important concepts.
- Complete end-of-chapter exercises and review questions.
Three other activities
Expand to see all activities and additional details
Show all six activities
Liabilities Accounting Presentation
Show steps
Develop a comprehensive presentation to demonstrate an understanding of liabilities accounting and its implications.
Browse courses on
Liabilities
Show steps
Show steps
Show steps
- Research and gather information on liabilities accounting.
- Create a presentation outline covering key concepts and examples.
- Develop visuals and supporting materials to enhance the presentation.
- Present the liabilities accounting presentation to peers or a small group.
Cash Flow Statement Analysis Tutorials
Show steps
Follow guided tutorials to enhance the understanding of cash flow statement analysis and its significance.
Browse courses on
Cash Flow Statement
Show steps
Show steps
Show steps
- Identify reputable online tutorials on cash flow statement analysis.
- Follow the tutorials and complete the exercises.
- Apply the learned techniques to analyze case studies or real-world examples.
Shareholders' Equity Analysis Blog Post
Show steps
Create a blog post that analyzes shareholders' equity and its implications for a company's financial health.
Browse courses on
Shareholders' Equity
Show steps
Show steps
Show steps
- Research and gather data on shareholders' equity for a specific company.
- Analyze the data and identify key trends and patterns.
- Write a blog post presenting the analysis and providing insights.
Career center
Learners who complete Financial Accounting: Advanced Topics will develop knowledge and skills
that may be useful to these careers:
Auditor
Auditor
An Auditor may be responsible for examining an organization's financial statements, including assets, liabilities, and cash flows, and determining whether they accurately reflect the organization's financial position. This course provides a foundation in accounting for all three. Additionally, this course can help prepare you for the CPA exam, a common certification for Auditors.
Accountant
Accountant
An Accountant may be responsible for ensuring that all financial transactions are recorded accurately, including assets, liabilities, and cash flows. Understanding how to account for these items is vital for an Accountant, which this course provides training in.
Chief Financial Officer (CFO)
Chief Financial Officer (CFO)
A Chief Financial Officer (CFO) may be responsible for overseeing all financial aspects of a company, including assets, liabilities, and cash flows.
Controller
Controller
A Controller may be responsible for managing the accounting and financial reporting of a company, which includes assets, liabilities, and cash flows.
Corporate Treasurer
Corporate Treasurer
A Corporate Treasurer may be responsible for managing the financial resources of a company, including assets, liabilities, and cash flows.
Financial Analyst
Financial Analyst
A Financial Analyst may be responsible for conducting financial analysis on a company's assets, liabilities, and cash flow. This course builds a foundation in accounting for assets, liabilities, and cash flows, which are crucial to this role.
Investment Banker
Investment Banker
An Investment Banker may be responsible for advising companies on financial matters, including how to manage assets and liabilities.
Financial Manager
Financial Manager
A Financial Manager may be responsible for overseeing the financial operations of a company, including assets, liabilities, and cash flows.
Quantitative Analyst
Quantitative Analyst
A Quantitative Analyst may be responsible for using mathematical and statistical models to analyze financial data, which may involve assets, liabilities, and cash flows.
Tax Accountant
Tax Accountant
A Tax Accountant may be responsible for calculating and filing taxes for individuals or businesses. Understanding how to account for assets, liabilities, and cash flows can be very helpful in this role.
Actuary
Actuary
An Actuary may be responsible for assessing and managing financial risks, especially in the insurance industry, which may involve assets, liabilities, and cash flows.
Risk Manager
Risk Manager
A Risk Manager may be responsible for identifying and managing financial risks, which may involve assets, liabilities, and cash flows
Budget Analyst
Budget Analyst
A Budget Analyst may be responsible for creating and maintaining budgets, which involve understanding cash flows and having an eye for assets and liabilities.
Financial Advisor
Financial Advisor
A Financial Advisor may be responsible for providing financial advice to individuals and businesses, including how to manage assets and liabilities.
Commercial Banker
Commercial Banker
A Commercial Banker may be responsible for providing financial services to businesses, including lending money, which requires an understanding of assets, liabilities, and cash flows.
For more career information including salaries, visit:
OpenCourser.com/course/nyt45d/financial
Reading list
We've selected 32 books
that we think will supplement your
learning. Use these to
develop background knowledge, enrich your coursework, and gain a
deeper understanding of the topics covered in
Financial Accounting: Advanced Topics.
Provides an in-depth look at advanced accounting topics, including the preparation and analysis of financial statements. It would be a valuable reference for students who want to delve deeper into the material covered in this course.
This widely used textbook covers managerial accounting topics in depth. It serves as a valuable resource for students seeking a more advanced understanding of accounting for decision-making.
Provides a comprehensive guide to financial statement analysis techniques. It complements the course's coverage of cash flow analysis and shareholders' equity evaluation.
Provides a practical guide to financial statement analysis and valuation, which would be helpful for students who want to apply the concepts covered in this course to real-world situations.
Provides a comprehensive introduction to cost accounting principles and techniques. It complements the course's coverage of asset valuation and cost analysis.
Provides a comprehensive overview of financial markets and institutions, which would be valuable for students who want to learn more about the financial system and its role in the economy.
Provides a comprehensive overview of auditing and assurance services, which would be valuable for students who want to learn more about the role of auditors in the financial reporting process.
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Provides a comprehensive overview of corporate finance, which would be valuable for students who want to learn more about the financial management of corporations.
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Provides a comprehensive overview of financial management, which would be valuable for students who want to learn more about the financial management of corporations.
Provides a comprehensive overview of investments, which would be valuable for students who want to learn more about the management of investments.
Save
This textbook focuses on the use of accounting information for decision-making and control purposes. It covers topics such as cost-volume-profit analysis, budgeting, and performance measurement.
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Introduces the fundamentals of auditing and emphasizes a risk-based approach. It provides a broader perspective on the role of accounting in ensuring financial integrity.
This textbook provides a comprehensive overview of intermediate accounting topics, including the preparation of financial statements, the analysis of financial ratios, and the evaluation of investment opportunities.
Provides a comprehensive overview of financial reporting and analysis, including discussions of the conceptual framework, financial statement analysis, and accounting regulation.
This textbook provides a comprehensive overview of accounting principles and practices. It covers a wide range of topics relevant to the course, including financial statement analysis, cost accounting, and auditing.
This textbook provides a comprehensive overview of financial accounting and reporting principles and practices. It covers a wide range of topics relevant to the course, including financial statement analysis, cost accounting, and auditing.
Save
This textbook is designed for introductory financial accounting courses and covers the basics of financial accounting, including the accounting cycle, financial statements, and accounting analysis.
This textbook is designed for managerial accounting courses and covers a wide range of accounting topics, including cost accounting, budgeting, and performance measurement.
Provides a comprehensive guide to financial statement analysis techniques. It valuable resource for students who wish to gain a deeper understanding of how to analyze financial statements.
This classic book provides a framework for understanding and interpreting financial statements. It valuable resource for students who wish to develop their analytical skills.
This textbook is designed for cost accounting courses and covers a wide range of cost accounting topics, including cost classification, cost allocation, and cost analysis.
Provides a clear and concise overview of accounting and finance principles and practices for non-financial managers. It valuable resource for students who wish to gain a basic understanding of these topics.
This comprehensive textbook provides a solid foundation in financial management principles and practices. It covers a wide range of topics relevant to the course, including capital budgeting, investment analysis, and risk management.
This textbook is designed for introductory finance courses and covers the basics of finance, including financial markets, financial instruments, and financial analysis.
This textbook is designed for investments courses and covers a wide range of investment topics, including investment analysis, portfolio management, and risk management.
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This comprehensive textbook provides a solid foundation in corporate finance principles and practices. It covers a wide range of topics relevant to the course, including capital budgeting, investment analysis, and risk management.
Save
This comprehensive textbook provides a solid foundation in investment principles and practices. It covers a wide range of topics relevant to the course, including portfolio management, security analysis, and risk management.
Save
This textbook is designed for econometrics courses and covers a wide range of econometrics topics, including regression analysis, time series analysis, and forecasting.
This textbook is designed for macroeconomics courses and covers a wide range of macroeconomics topics, including economic growth, inflation, and unemployment.
This comprehensive textbook provides a solid foundation in fixed income securities principles and practices. It covers a wide range of topics relevant to the course, including bond valuation, credit analysis, and risk management.
This textbook is designed for microeconomics courses and covers a wide range of microeconomics topics, including supply and demand, market equilibrium, and consumer behavior.
This comprehensive textbook provides a solid foundation in options, futures, and derivatives principles and practices. It covers a wide range of topics relevant to the course, including option pricing, futures contracts, and risk management.
For more information about how these books relate to this course, visit:
OpenCourser.com/course/nyt45d/financial
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Effort
4 weeks of study, 4-6 hours/week
Level
Intermediate
Via
Coursera
Institution
University of Illinois at Urbana-Champaign
Instructor
Oktay Urcan
Language
English
Transcripts
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This course belongs to a
collection
called
Financial Management. It's comprised of seven courses:
- Financial Accounting: Advanced Topics (viewing)
- Corporate Finance II: Financing Investments and Managing Risk
- Financial Accounting: Foundations
- Corporate Finance I: Measuring and Promoting Value Creation
- Investments II: Lessons and Applications for Investors
- Financial Management Capstone
- Investments I: Fundamentals of Performance Evaluation
Good to know
Develops topics fundamental to understanding financial accounting
Covers advanced financial accounting topics
Examines accounting for long-term assets, liabilities, shareholders' equity, and cash flows
Offered by the University of Illinois, an accredited institution
May require learners to have a foundation in basic accounting principles
Part of the iMBA program, which is a comprehensive online MBA
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