The virtual course "Understanding the financial statements: position of the company - Virtual Course - Coursera", is a course with different contents and that offers video classes of Approx. 12 hours to complete. Explore its essential features, and click the orange button to get detailed information on the Coursera e-Learning platform
This course is designed to provide a basic understanding of financial statements with an emphasis on the balance sheet.
However, to understand accounting-based financial statements, it is important to recognize that accounting is less about counting and more about measuring.
“What is being measured?” Well, as the course progresses, you'll learn about the three measurement questions and how the balance sheet helps answer the first two of these questions.
Touring a real company and interviewing real business people, the course describes the basic content of financial statements in a simple but relevant context.
The objective of the course is to leave a lasting impression on what the balance sheet consists of and what it reveals.
The next course in Accounting Major Foundations 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 various items typically presented on a balance sheet.
• Explain the broader purpose of financial statements and the role of accounting in the preparation of financial statements.
• Read and, to some extent, interpret real-world balance sheets.
If you enjoy this business course and are interested in an MBA, please consider applying to the iMBA, an incredibly competitively priced, flexible and fully accredited online MBA offered by the University of Illinois.
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University of Illinois at Urbana-Champaign
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