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Understanding Financial Statements

Fundamentals of Accounting ,

This course is designed to provide a basic understanding of financial statements with an emphasis on the balance sheet. However, to understand accounting driven financial statements, it is important to recognize that accounting is less about counting and more about measuring. “What is it that is being measured?” Well, as the course unfolds, you will learn about the three measurement questions and how the balance sheet helps to answer the first two of these questions. By touring a real company and interviewing real business people, the course describes the basic content of financial statements in a simple yet relevant context. The goal of the course is to leave a lasting impression about what balance sheet consists of and what it reveals. The next course in the Fundamentals of Accounting Specialization completes the conversation by addressing the remaining measurement question. Upon successful completion of this course, you will be able to: • Describe the purpose of a balance sheet. • Define the three components of a balance sheet. • Recognize and understand the meaning of several items typically presented on a balance sheet. • Explain the broader purpose of financial statements and the role of accounting in producing the financial statements. • Read and, to some extent, interpret real-world balance sheets. If you enjoy this business course and are interested in an MBA, consider applying to the iMBA, a flexible, fully-accredited online MBA at an incredibly competitive price offered by the University of Illinois. For more information, please see the Resource page in this course and onlinemba.illinois.edu.

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Rating 4.7 based on 98 ratings
Length 5 weeks
Effort 4 weeks of study, 2-4 hours/week
Starts Jun 26 (46 weeks ago)
Cost $99
From University of Illinois at Urbana-Champaign via Coursera
Instructor Kevin E. Jackson
Download Videos On all desktop and mobile devices
Language English
Subjects Business
Tags Business Business Essentials Finance

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What people are saying

balance sheet

Great introduction for those totally unfamiliar with accounting and balance sheets.

It sounds so simply, but the professor's basic definition of a balance sheet and a financial statement gave me (a complete novice) a great grasp of accounting and its goal.

This has helped me understand the balance sheet, which will help me understand my current and future companies more clearly.

This one helped me the most in understanding how to review and analyze a balance sheet.

It would have strengthened the course if the discussion went step-by-step through a balance sheet of one of the companies featured in the course.

I learned a lot about balance sheets.

I found this course to be a good introduction to reading a balance sheet, with a lot of personal examples.

;-) This course focuses entirely on how to read a balance sheet.

You will learn the three principal parts of a balance sheet (assets, liabilities, and equity), how they relate to each other, and how they describe the underlying position of the company.

However, while the focus on local businesses is interesting, a relatively large amount of time is spent learning about these businesses and their owners without necessarily teaching much about accounting or balance sheets in general.

It is really works to make you understand a balance sheet practically Wonderfully designed.

This course is a great introduction to understanding Balance Sheets and has been a big help to me in my job.

Overall, there is some good info in it if you have no background in accounting and no idea what a balance sheet is, but if you're looking for insight into interpreting balance sheets, this is not the class for you.

Mr Jackson put a lot of effort into the construction of the class and explained everything in detail so that you get a solid understanding of the Balance Sheet It was great Simple and effective course!!!!

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great course

Great Course pretty god course for principles of accounting.

Great Course and helped me lot in learning many new things, that can help me to grow in my current organisation.

Great course.

It is a great course about accounting!

Great course, nicely taught.

What at a great course.

Great course...the instructor was excellent!

Great course, it teaches you a lot in a simple way.

This Course Had Help Me in My Ramay Trade LTD Business in Rwanda Great course!

So Great Course IT WAS BEST COURSE FOR UNDERSTANDING FINANCIAL STATEMENT Good course/ very helpful excellent!

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easy to follow

Easy to follow, great case studies, thoroughly enjoyable.

It was very easy to follow the reading and the videos helped to answer many questions.

I learned so much, and the format was easy to follow.

The material is presented to you in a easy to follow format, with lots of supplemental material.

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very good course

very good course learned about balance sheet Would give it 5 stars if test were still opened The course is excellent in providing an fundamental insight into financial statement basics.

very good course, helps me to pick up a lot about accounting basics.

good very good course Simple and thorough.

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financial statements

This course provide great basics insights on regards of Financial Statements concepts.

Easy to comprehend but far too basic to be helpful and I don't feel I received an "Understanding of financial statements" because the course was too rudimentary.

I now feel as though I have an idea or overall gist of financial statements, however, I would like to get into the ratios and analysing part of these statements.

This course illustrated in a very simple but informative way financial statements through practical, easy to understand examples.

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balance sheets

for beginners

This course is really basic for beginners like me.

The Professor was easy to understand An excellent course for beginners.

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really enjoyed

I really enjoyed the professor's clear explanations.

I have really enjoyed the course.Thank you Prof.

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about accounting

Careers

An overview of related careers and their average salaries in the US. Bars indicate income percentile.

Personal Financial Representative 3 $38k

QA Specialist, Statements & Payments $54k

Grants Financial Analyst $54k

Financial Marketing Advisor $71k

Accountant/CPA, Financial $74k

Financial System Administrator $79k

Financial and Business Analyst $79k

Trade Financial Analyst $81k

Financial Analyst Manager 4 $90k

Financial Information Systems $92k

Financial Analyst Financial Reporting Manager $104k

Senior Financial Analyst, Financial Planning $119k

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Rating 4.7 based on 98 ratings
Length 5 weeks
Effort 4 weeks of study, 2-4 hours/week
Starts Jun 26 (46 weeks ago)
Cost $99
From University of Illinois at Urbana-Champaign via Coursera
Instructor Kevin E. Jackson
Download Videos On all desktop and mobile devices
Language English
Subjects Business
Tags Business Business Essentials Finance

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