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Reporting Liabilities and Owners Capital and Cashflow

Jack Farmer

4.7

Based on 17 ratings

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Jack Farmer

This course begins with a look at current, long-term and contingent liabilities and learn how to account for a bond issue over its entire life. We’ll then look at the background on Stockholder’s Equity and then dives into the types of equity. We’ll also cover cash dividends, preferred stocks, and employee stock options.

Next, we’ll dive into an understanding of Free Cash and learn how to distinguish between Free Cash Flow to the Firm and Free Cash to equity. We’ll also learn how to distinguish between the U.S. GAAP and IAS GAAP for various cash flow items.

This course is part 4 of the New York Institute of Finance’s Financial Accounting Professional Certificate.

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What's inside

Learning objectives

Liabilities and interest
Equity

Free cash flow

Liabilities and interest
Equity
Free cash flow

Syllabus

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Explores liabilities, equity, and free cash flow, which are fundamental accounting concepts

Taught by Jack Farmer, an experienced instructor in accounting

Examines the complexities of bond issuance and accounting for its entire lifecycle

Provides a comprehensive understanding of stockholders' equity and its various types

Covers advanced topics such as free cash flow to the firm and to equity, distinguishing between U.S. GAAP and IAS GAAP

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Reviews summary

Advanced financial reporting: liabilities & cashflow

According to students, this course offers a very solid overview of complex topics in liabilities, owner's capital, and cash flow. Learners frequently praise the clear and comprehensive explanations, particularly for contingent liabilities, bond accounting, and distinguishing Free Cash Flow types. Many highlight its high relevance for accounting and finance professionals, noting how it helps bridge theory and practical application. While the instructor's explanations are often lauded, some found the pace somewhat fast or the delivery occasionally dry, suggesting more interactive elements and challenging assessments. It is recommended for those with some prior accounting knowledge.

Course may be challenging for learners without a basic accounting background.

"I think the course assumes a bit of prior knowledge in general accounting, so beginners might find it challenging."

Opinions vary on the balance between theoretical and practical application.

"My only minor critique is that some parts felt a bit theoretical without enough real-world application examples."

"This course absolutely helps bridge the gap between theory and practical application."

"I learned how to use practical tools and strategies that I could apply immediately to my work."

Offers practical insights crucial for accounting and finance professionals.

"As an accounting professional, I found the deep dive into US GAAP and IAS GAAP differences for cash flow items incredibly valuable."

"This course absolutely helps bridge the gap between theory and practical application."

"This course is essential for anyone dealing with financial statements."

Provides in-depth, clear explanations of complex financial topics.

"This course provided a very solid overview of liabilities and owner's capital. The instructor explained complex topics... clearly."

"Excellent course! As an accounting professional, I found the deep dive into US GAAP and IAS GAAP differences for cash flow items incredibly valuable."

"The coverage of bond accounting and different types of equity was precise and easy to follow."

Reviewers desired more practice problems or advanced scenarios.

"I wished there were more practice problems for bond valuation."

"Content is solid, but the quizzes felt too basic for the level of material covered. I was hoping for more challenging assessments..."

"Some topics, like employee stock options, could have used a bit more depth or advanced scenarios for intermediate learners."

Some found the course pace challenging or the delivery unengaging.

"The content is comprehensive but sometimes the pace felt a bit too fast, especially for someone new to these specific topics. I had to rewatch some lectures."

"I found the delivery rather dry. It's a lot of information, but the lectures felt like reading a textbook aloud. I struggled to stay engaged."

"More interactive elements or case studies would significantly improve this course."

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 Reporting Liabilities and Owners Capital and Cashflow with these activities:

Review the textbook

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Reinforce your understanding of the course material by reviewing the assigned textbook, which provides comprehensive coverage of the topics.

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Read and engage with the assigned textbook chapters
Highlight key concepts and make notes

Follow online tutorials on financial accounting principles

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Supplement your learning by exploring online tutorials that provide visual explanations and additional practice opportunities.

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Identify reputable online tutorials
Follow the tutorials and complete practice exercises

Summarize key concepts from each module

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Review key concepts from the course materials to strengthen your knowledge of the content.

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Read and take notes on each module
Write a summary of the notes

Four other activities

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Drill practice for accounting equations

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Practice accounting equations through repetitive exercises to reinforce your understanding.

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Solve accounting equations with guided examples
Practice solving equations independently

Practice calculation exercises on equity and liabilities

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Reinforce your understanding of accounting principles through dedicated practice of exercises focused on equity and liabilities.

Browse courses on Equity

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Review the concepts of equity and liabilities
Attempt practice exercises

Form study groups with classmates

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Collaborate with peers to discuss the course material, solve problems, and quiz each other to enhance your learning.

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Find classmates with similar learning goals
Establish regular meeting times and study plans

Create a financial report for a hypothetical company

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Develop your understanding of financial reporting by creating a report that demonstrates your knowledge of balance sheets, income statements, and cash flow statements.

Browse courses on Financial Reporting

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Identify the components of a financial report
Gather data for the hypothetical company
Create the financial report

Career center

Learners who complete Reporting Liabilities and Owners Capital and Cashflow will develop knowledge and skills that may be useful to these careers:

Financial Analyst

Financial Analysts make strategic decisions about companies and their future based on their financial health and performance. Understanding Reporting Liabilities and Owners Capital and Cashflow will help you to analyze complex financial information and provide insights to support business decisions. Learners may also explore topics like Free Cash Flow, which are highly relevant to Financial Analysts.

See salaries and explore the career path for Financial Analyst

Accountant

Accountants prepare and maintain financial records for businesses and other organizations, ensuring that financial information is accurate and reliable. This course will augment your accounting and financial skills, which is critical to success as an Accountant. Its coverage of financial reporting, cash flow, and equity will teach you how to properly manage and report on an organization's financial health.

See salaries and explore the career path for Accountant

Auditor

Auditors examine the financial records of companies and organizations to ensure that they are accurate and in compliance with regulations. This course will provide you with the knowledge of financial reporting standards and practices needed to be successful in this role. Specifically, the course modules on Liabilities and Interest, Equity, and Free Cash Flow will equip you with the skills to evaluate financial statements for accuracy and compliance.

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Financial Manager

Financial Managers oversee the financial operations of companies and organizations, making decisions about how to allocate and use financial resources. The knowledge of financial reporting, equity, and cash flow covered in this course can give you a competitive advantage for success in this role. This is an especially good course for Financial Managers who wish to enhance their understanding of financial reporting processes and regulations.

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Financial Controller

Financial Controllers are responsible for managing the financial operations of companies and organizations, including financial reporting and cash flow management. This course will prove particularly helpful in this role, providing you with valuable insights into financial reporting standards, equity accounting, and free cash flow analysis. Mastery of these concepts is imperative for success as a Financial Controller.

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Securities Analyst

Securities Analysts research and analyze companies and industries to make investment recommendations. This course will help you build a foundation for understanding financial statements and making sound investment decisions. Knowledge of topics such as free cash flow and equity is essential for success in this role, and this course will provide you with a competitive advantage.

See salaries and explore the career path for Securities Analyst

Investment Banker

Investment Bankers provide financial advice to companies and governments, and help them raise capital. This course will equip you with the fundamentals of financial reporting, equity, and cash flow, which are essential for success in this role. The course will also help you to develop the analytical and problem-solving skills that are required to be successful in investment banking.

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Banker

Bankers provide financial products and services to individuals and businesses. This course will help you build a foundation in financial reporting and analysis, which is essential for success in this role. You will also learn about the various types of financial products and services that are available, as well as how to evaluate the risks and benefits of each.

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Credit Analyst

Credit Analysts assess the creditworthiness of individuals and businesses. This course will equip you with the financial analysis skills necessary to make sound credit decisions. You will learn how to analyze financial statements, evaluate cash flow, and assess the risks and benefits of lending money.

See salaries and explore the career path for Credit Analyst

Risk Manager

Risk Managers identify, assess, and manage financial risks. This course will help you develop the skills necessary to be successful in this role. You will learn how to identify and assess financial risks, develop risk management strategies, and implement risk management policies.

See salaries and explore the career path for Risk Manager

Insurance Underwriter

Insurance Underwriters assess the risks associated with insuring individuals and businesses. This course will equip you with the financial analysis skills necessary to make sound underwriting decisions. You will learn how to analyze financial statements, evaluate cash flow, and assess the risks and benefits of providing insurance coverage.

See salaries and explore the career path for Insurance Underwriter

Financial Planner

Financial Planners help individuals and families plan for their financial future. This course will provide you with the foundational knowledge of financial reporting, equity, and cash flow that is essential for success in this role. You will also learn about the various financial planning strategies that are available, as well as how to evaluate the risks and benefits of each.

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Tax Accountant

Tax Accountants prepare tax returns for individuals and businesses. This course will help you to develop the skills necessary to be successful in this role. You will learn about the tax laws and regulations that apply to individuals and businesses, as well as how to prepare and file tax returns.

See salaries and explore the career path for Tax Accountant

Budget Analyst

Budget Analysts prepare and manage budgets for companies and organizations. This course will provide you with the skills necessary to be successful in this role. You will learn how to develop budgets, analyze financial data, and make recommendations for budget improvements.

See salaries and explore the career path for Budget Analyst

Reading list

We've selected seven 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 Reporting Liabilities and Owners Capital and Cashflow.

Financial Accounting Theory and Analysis

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This classic textbook, now in its eleventh edition, provides comprehensive coverage of US GAAP and IFRS and is great for gaining a deeper theoretical understanding of accounting.

Reporting Liabilities and Owners Capital and Cashflow

What's inside

Learning objectives

Syllabus

Traffic lights

Save this course

Reviews summary

Advanced financial reporting: liabilities & cashflow

Activities

Career center

Reading list

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