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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.

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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.

What's inside

Learning objectives

  • Liabilities and interest
  • Equity
  • Free cash flow

Syllabus

Mod 01: Liabilities and Interest
Mod 02: Equity
Mod 03: Free Cash Flow

Good to know

Know what's good
, what to watch for
, and possible dealbreakers
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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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
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
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
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
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
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
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
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
Show steps
  • 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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.

Reading list

We've selected 11 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.
Provides a comprehensive overview of corporate finance, including in-depth discussions of liabilities, equity, and cash flow. It valuable resource for anyone who wants to learn more about these topics.
Provides a comprehensive overview of investments, including in-depth discussions of liabilities, equity, and cash flow. It valuable resource for anyone who wants to learn more about these topics.
Provides a comprehensive overview of cost accounting, including in-depth discussions of liabilities, equity, and cash flow. It valuable resource for anyone who wants to learn more about these topics.
Provides a comprehensive overview of auditing and assurance services, including in-depth discussions of liabilities, equity, and cash flow. It valuable resource for anyone who wants to learn more about these topics.
Provides a comprehensive overview of international financial management, including in-depth discussions of liabilities, equity, and cash flow. It valuable resource for anyone who wants to learn more about these topics.
Provides a comprehensive overview of managerial accounting, including in-depth discussions of liabilities, equity, and cash flow. It valuable resource for anyone who wants to learn more about these topics.
Provides a comprehensive overview of accounting for liabilities. It valuable resource for anyone who wants to learn more about this topic.
Provides a comprehensive overview of accounting for cash flow. It valuable resource for anyone who wants to learn more about this topic.

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