Understanding Financial Statements: Company Position

This course will teach you the fundamentals of financial statements, with a focus on the balance sheet. To understand accounting-driven financial statements, it's crucial to remember that accounting is more about measuring than counting. "What exactly is being measured?" says the narrator. As the course progresses, you'll learn about the three measurement questions and how the balance sheet can assist you in answering the first two. The course presents the basic material of financial statements in a simple yet relevant context by touring a real company and interviewing real business personnel. The course's purpose is to provide students with a lasting sense of what a balance sheet is and what it reveals. The remaining measurement question is addressed in the following course in the Fundamentals of Accounting Specialization.

You will be able to:

• Describe the function of a balance sheet after completing this course.
• Identify the three elements that make up a balance sheet.
• Recognize and comprehend the meaning of a number of items commonly found on a balance sheet.
• Describe the overall objective of financial statements and the function of accounting in their preparation.
  
• Read and comprehend real-world balance sheets to some extent.

If you appreciate this business course and want to pursue an MBA, consider enrolling at the University of Illinois' iMBA, a flexible, fully-accredited online MBA offered at an extraordinarily low cost. Please see the Resource page in this course and onlinemba.illinois.edu for more information.

This course offers:

• Flexible deadlines: Reset deadlines in accordance to your schedule.
• Shareable Certificate: Earn a Certificate upon completion
• 100% online: Start instantly and learn at your own schedule
• Course 1 of 5 in the: Fundamentals of Accounting Specialization
• Beginner Level
• Approx. 12 hours to complete
• Subtitles: Arabic, French, Portuguese (European), Italian, Vietnamese, German, Russian, English, Spanish
  

Rating: 4.8/5

Enroll here: https://www.coursera.org/learn/financial-statements