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Financial Reporting Capstone

The Capstone is the culminating project in the Financial Reporting Specialization. You will have the opportunity to combine the concepts and techniques obtained through all the courses in this specialization (Accounting Analysis I: The Role of Accounting as an Information System, Accounting Analysis I: Measurement and Disclosure of Assets, Accounting Analysis II: Measurement and Disclosure of Liabilities, and Accounting Analysis II: Accounting for Liabilities and Equity) and apply them to a real world accounting project. The Capstone project will be 3 weeks long. You must take the Capstone project class after taking all the other courses in this Specialization.

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What's inside

Syllabus

About the Course

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: Accrual Accounting for Assets and Contingencies

In this module, you will compute and record journal entries for the topics of accrual accounting, inventory and accounts receivable, investments, long-term assets, and contingencies (including year-end adjusting entries, if any) for both 20X1 and 20X2.

Module 2: Accrual Accounting for Liabilities and Equity

In this module, you will compute and record journal entries for the topics of bonds, leases, pension, Equity Transactions, and Equity-based Compensation for both 20X1 and 20X2.

Module 3: Balance Sheet and Income Statement (including EPS)

In this module, you will prepare the Balance Sheet and Income Statement for both 20X1 and 20X2 by filling in the blank journal items in the tables. You will also need to complete a peer review assignment.

Good to know

Know what's good

, what to watch for

, and possible dealbreakers

Ideal for accounting students who intend to pursue a career in financial reporting

Imparted by Wei Li and CPA, recognized professionals in the field of accounting

Provides hands-on experience through a real-world accounting project

Builds a comprehensive foundation in financial reporting

Requires prerequisites, such as introductory accounting courses

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Reviews summary

Challenging, well-organized financial reporting course

Learners say that Financial Reporting Capstone is a comprehensive course that provides valuable information about financial reporting. The course is well-organized and features qualified instructors. However, some students found the difficulty of the course to be challenging and expressed concerns about errors in the quizzes. Students mentioned that the course is well-paced with timely support from qualified instructors, and they especially noted the peer review system as being especially beneficial.

Peer review system is seen as beneficial.

"The course is very well organized with qualified material and outstanding professors!!!"

"It's difficult enough but it's great."

"the weakness of this course is peer review system. So boring waiting someone to review your task."

The course materials are well-organized.

"very informative and focused"

"The course is very well organized with qualified material and outstanding professors!!!"

"I'm really appreciate the efforts which introduced by all team."

Course is quite challenging, especially the capstone.

"Instructors and remaining courses of the specialization are great but I believe this Capstone is way to difficult and contains some fundamental mistakes."

"the last 3 quizzes are depended on previous quizzes which means that even if you have slipped away from some mistakes in the meantime and you have normally pass the quizzes, you need to come back and face them again and solve each mistake one by one as a prerequisite for the week 3 quizzes."

Quizzes may contain errors and require complex calculations.

"the weakness of this course is peer review system. So boring waiting someone to review your task."

"Instructors and remaining courses of the specialization are great but I believe this Capstone is way to difficult and contains some fundamental mistakes."

"due to the complexity, if someone does a mistake, he cannot easily trace it back, see where it came from and correct it."

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 Reporting Capstone with these activities:

Organize Your Course Materials

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Stay organized by compiling all of your course materials in one place.

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Create a folder for the course on your computer
Download and save all of the course materials
Organize the materials into subfolders
Review the materials regularly

Review Accounting Principles

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Prepare for this course by refreshing your memory on basic accounting principles.

Browse courses on Accounting Principles

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Review the accounting equation
Go over the accounting cycle
Practice recording simple journal entries
Complete practice problems on financial statements

Watch Tutorials on Accounting Standards

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Enhance your understanding of accounting standards by watching tutorials.

Browse courses on Accounting Standards

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Find a reputable source for accounting tutorials
Choose a tutorial on a specific accounting standard
Watch the tutorial and take notes

Four other activities

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Form a Study Group

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Collaborate with other students to discuss course concepts and reinforce your learning.

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Find a group of classmates who are willing to study together
Set up a regular meeting time and place
Prepare for each meeting by reviewing the course material
Discuss the course concepts and work through problems together

Practice Journal Entries

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Solidify your understanding of journal entries through practice.

Browse courses on Journal Entries

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Find a set of practice problems online or in a textbook
Go through each problem and record the journal entries
Check your answers against the answer key

Create a Balance Sheet and Income Statement

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Demonstrate your ability to prepare financial statements by creating a balance sheet and income statement.

Browse courses on Balance Sheet

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Gather the necessary financial data
Format the balance sheet and income statement
Fill in the financial data
Review your work for accuracy

Read Intermediate Accounting

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Supplement your learning with an in-depth review of intermediate accounting concepts.

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Purchase a copy of the book
Read the assigned chapters
Complete the practice problems
Review the key concepts

Career center

Learners who complete Financial Reporting Capstone will develop knowledge and skills that may be useful to these careers:

Financial Analyst

Financial Analysts use financial information to make investment recommendations. They analyze financial statements, economic trends, and other data to assess the financial health of companies and industries. This course helps build a foundation in financial reporting that is essential for Financial Analysts. The course covers topics such as financial statement analysis, valuation, and investment strategies. This course may be useful for someone who wants to become a Financial Analyst.

See salaries and explore the career path for Financial Analyst

Investment Banker

Investment Bankers help companies raise capital by issuing stocks and bonds. They also advise companies on mergers and acquisitions. This course helps build a foundation in financial reporting that is essential for Investment Bankers. The course covers topics such as financial statement analysis, valuation, and capital markets. This course may be useful for someone who wants to become an Investment Banker.

See salaries and explore the career path for Investment Banker

Portfolio Manager

Portfolio Managers manage investments for individuals and institutions. They make investment decisions based on their analysis of financial information. This course helps build a foundation in financial reporting that is essential for Portfolio Managers. The course covers topics such as financial statement analysis, portfolio theory, and investment management. This course may be useful for someone who wants to become a Portfolio Manager.

See salaries and explore the career path for Portfolio Manager

Risk Manager

Risk Managers assess and manage financial risks for organizations. They use financial information to identify and mitigate risks. This course helps build a foundation in financial reporting that is essential for Risk Managers. The course covers topics such as financial statement analysis, risk management, and insurance. This course may be useful for someone who wants to become a Risk Manager.

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Auditor

Auditors examine and evaluate financial records to ensure that they are accurate and complete. They also make sure that organizations are following accounting rules and regulations. This course helps build a foundation in financial reporting that is essential for Auditors. The course covers topics such as accrual accounting, internal controls, and financial statement analysis. This course may be useful for someone who wants to become an Auditor.

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Tax Accountant

Tax Accountants prepare tax returns for individuals and businesses. They also advise clients on tax laws and regulations. This course helps build a foundation in financial reporting that is essential for Tax Accountants. The course covers topics such as tax accounting, tax laws, and tax planning. This course may be useful for someone who wants to become a Tax Accountant.

See salaries and explore the career path for Tax Accountant

Chief Financial Officer (CFO)

Chief Financial Officers (CFOs) are the top financial executives of an organization. They are responsible for the financial health of the organization and report directly to the CEO. This course helps build a foundation in financial reporting that is essential for CFOs. The course covers topics such as financial statement analysis, corporate finance, and risk management. This course may be useful for someone who wants to become a CFO.

See salaries and explore the career path for Chief Financial Officer (CFO)

Accountant

Accountants prepare financial reports such as balance sheets and income statements that summarize their organization's financial activities. Accountants also analyze financial information and identify trends and patterns. This course helps build a foundation in financial reporting that is essential for Accountants. The course covers topics such as accrual accounting, financial statement preparation, and analysis. This course may be useful for someone who wants to become an Accountant.

See salaries and explore the career path for Accountant

Financial Controller

Financial Controllers are responsible for the financial operations of an organization. They oversee financial planning, budgeting, and reporting. This course helps build a foundation in financial reporting that is essential for Financial Controllers. The course covers topics such as financial statement analysis, corporate finance, and risk management. This course may be useful for someone who wants to become a Financial Controller.

See salaries and explore the career path for Financial Controller

Chief Executive Officer (CEO)

Chief Executive Officers (CEOs) are the top executives of an organization. They are responsible for the overall success of the organization. This course helps build a foundation in financial reporting that is essential for CEOs. The course covers topics such as financial statement analysis, corporate finance, and risk management. This course may be useful for someone who wants to become a CEO.

See salaries and explore the career path for Chief Executive Officer (CEO)

Certified Public Accountant (CPA)

Certified Public Accountants (CPAs) are licensed accountants who provide a variety of accounting services, including auditing, tax preparation, and financial consulting. CPAs must pass a rigorous exam and meet continuing education requirements. This course helps build a foundation in financial reporting that is essential for CPAs. The course covers topics such as auditing, financial accounting, and tax accounting. This course may be useful for someone who wants to become a CPA.

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Professor of Accounting

Professors of Accounting teach accounting courses at colleges and universities. They also conduct research in accounting. This course helps build a foundation in financial reporting that is essential for Professors of Accounting. The course covers topics such as financial statement analysis, auditing, and tax accounting. This course may be useful for someone who wants to become a Professor of Accounting.

See salaries and explore the career path for Professor of Accounting

Chartered Financial Analyst (CFA)

Chartered Financial Analysts (CFAs) are investment professionals who have passed a rigorous exam and meet continuing education requirements. CFAs provide investment advice to individuals and institutions. This course helps build a foundation in financial reporting that is essential for CFAs. The course covers topics such as financial statement analysis, investment analysis, and portfolio management. This course may be useful for someone who wants to become a CFA.

See salaries and explore the career path for Chartered Financial Analyst (CFA)

Master of Business Administration (MBA)

A Master of Business Administration (MBA) is a graduate degree that provides students with a broad understanding of business. MBAs are often required for senior-level management positions. This course helps build a foundation in financial reporting that is essential for MBAs. The course covers topics such as financial statement analysis, corporate finance, and investment management. This course may be useful for someone who wants to pursue an MBA.

See salaries and explore the career path for Master of Business Administration (MBA)

Doctor of Business Administration (DBA)

A Doctor of Business Administration (DBA) is a doctoral degree that provides students with a deep understanding of business. DBAs are often required for teaching and research positions. This course helps build a foundation in financial reporting that is essential for DBAs. The course covers topics such as financial statement analysis, corporate finance, and investment management. This course may be useful for someone who wants to pursue a DBA.

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Reading list

We've selected 14 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 Reporting Capstone.

The Alchemy of Finance

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Provides a detailed explanation of Soros's investment philosophy and strategies. It valuable resource for investors who want to learn how to make wise investment decisions.

Financial Reporting Capstone

What's inside

Syllabus

Good to know

Save this course

Reviews summary

Challenging, well-organized financial reporting course

Activities

Career center

Reading list

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