About this Course
4.8
708 ratings
199 reviews
Specialization
100% online

100% online

Start instantly and learn at your own schedule.
Flexible deadlines

Flexible deadlines

Reset deadlines in accordance to your schedule.
Beginner Level

Beginner Level

Hours to complete

Approx. 18 hours to complete

Suggested: 4 weeks of study, 2-4 hours/week...
Available languages

English

Subtitles: English

Skills you will gain

Financial AccountingAccountingFinancial StatementBalance Sheet
Specialization
100% online

100% online

Start instantly and learn at your own schedule.
Flexible deadlines

Flexible deadlines

Reset deadlines in accordance to your schedule.
Beginner Level

Beginner Level

Hours to complete

Approx. 18 hours to complete

Suggested: 4 weeks of study, 2-4 hours/week...
Available languages

English

Subtitles: English

Syllabus - What you will learn from this course

Week
1
Hours to complete
3 hours to complete

Course Overview & Week 1: Introduction to Accounting - The Balance Sheet

Welcome! Before you start today's videos, please have a look at the syllabus. In this first session, I'll give you an overview of what accounting is all about and why it's important to have a basic proficiency in this "language." In addition, I'll introduce one of the most important financial reports - the balance sheet - and a practical real-world case so you can put theory into practice. Objectives: To gain insight into the essence of accounting and become familiar with the balance sheet and its purpose....
Reading
10 videos (Total 48 min), 7 readings, 1 quiz
Video10 videos
1. Accounting: The Language of Business6m
2. Practice Case: The Campus Bookstore I7m
3. Practice Case: The Campus Bookstore II3m
4. Accounting for our First Transactions3m
5. Accounting for More Transactions5m
6. Explaining the Balance Sheet7m
7. Defining an Asset6m
8. Defining a Liability4m
9. Recap2m
Reading7 readings
Course Overview & Syllabus5m
Reminder of Coursera's Honor Code1m
About Week 11m
Transactions Week 15m
Required Reading Week 1: "The Balance Sheet"30m
Required Reading Week 1: "Introduction to Financial Accounting"45m
Quiz 1 with Solutions10m
Quiz1 practice exercise
Quiz Week 124m
Week
2
Hours to complete
3 hours to complete

Week 2: The Income Statement

Now that you are familiar with the balance sheet, in week two we'll learn how to account for a variety of transactions. In addition, I'll introduce you to another key financial report: the income statement. Course objectives: To be able to recognize a broader range of transactions on the balance sheet and to become familiar with the income statement....
Reading
11 videos (Total 49 min), 5 readings, 1 quiz
Video11 videos
2. Recap of Week 11m
3. Purchasing More Inventory3m
4. Sales and Cost of Goods Sold7m
5. Selling, General and Administrative Expenses4m
6. Some Collections and Payments of Cash3m
7. Depreciation and Amortization8m
8. Interest from Bank Loan and Taxes3m
9. Preparing the Balance Sheet3m
10. Introducing the Income Statement6m
11. Recap of Week 2 and Conclusions3m
Reading5 readings
About Week 210m
Transactions Week 210m
Required Reading Week 2: "The Income Statement"30m
Required Reading Week 2: "Introduction to Financial Accounting"10m
Quiz 2 with Solutions10m
Quiz1 practice exercise
Quiz Week 238m
Week
3
Hours to complete
3 hours to complete

Week 3: The Cash Flow Statement

Now that you have a good grasp of the balance sheet and income statement, I'll help you master how to recognize the transactions we went over in week two. I'll also introduce a third financial report - the cash flow statement - and discuss liquidity. Course objectives: To understand the difference between liquidity and profitability, become familiar with T-accounts and gain insight into the purpose of the cash flow report....
Reading
14 videos (Total 67 min), 4 readings, 1 quiz
Video14 videos
2. Recap of Week 23m
3. T-Accounts and Journal Entries5m
4. Setting up T-Accounts for the Campus Bookstore3m
5. Sales, Cost of Goods Sold, Collections from Customers and Payment to Suppliers7m
6. Other Operating Costs4m
7. Transactions with Non-Current Assets8m
8. Bank Loans and Interest4m
9. Taxes, Closing Entries and Payments of Dividends5m
10. Preparing the Balance Sheet3m
11. Preparing the Income Statement4m
12. Introducing the Cash Flow Statement I7m
13. Introducing the Cash Flow Statement II4m
14. Recap of Week 3 and Conclusions3m
Reading4 readings
About Week 310m
Transactions Week 310m
Required Reading Week 3: "The Statement of Cash Flows"40m
Quiz 3 with Solutions10m
Quiz1 practice exercise
Quiz Week 340m
Week
4
Hours to complete
4 hours to complete

Week 4: Accrual Accounting

By using accrual accounting we can measure performance when a financial transaction takes place, even if no cash has actually changed hands. In this final session, we'll discuss the difference between accrual and cash accounting and also read and interpret a real enterprise's financial statements. Course objectives: By the end of the session, you will be able to handle numerous transactions for the purposes of financial reporting, and understand the advantages of accrual accounting....
Reading
11 videos (Total 67 min), 5 readings, 2 quizzes
Video11 videos
2. Recap of Week 35m
3. Accrual accounting vs. cash accounting5m
4. Measuring performance with accrual accounting6m
5. A few examples: prepaid insurance, accrued interest and advances from customers7m
6. Performance evolution of the Campus Bookstore I8m
7. Performance evolution of the Campus Bookstore II7m
8. Reading and interpreting real financial statements I7m
9. Reading and interpreting real financial statements II4m
10. Advanced topics you can explore on your own6m
11. Conclusions6m
Reading5 readings
About Week 410m
Transactions Week 410m
Quiz 4 Part I with Solutions10m
Quiz Week 4 Background Information for Reference10m
Recommended Reading10m
Quiz1 practice exercise
Quiz Week 4 - Part 124m
4.8
199 ReviewsChevron Right
Career Benefit

17%

got a tangible career benefit from this course
Career promotion

20%

got a pay increase or promotion

Top Reviews

By ENJul 17th 2018

The course was very interesting with a lot of real-life scenarios that made it very relatable. I will highly recommend it to anyone trying to find thier way through financial accounting principles.

By DPJul 17th 2017

Its pretty easy to understand with a relevant real world example on how to understand financial statements. It also provide further reading which is helpful for ones who want to learn more

Instructor

Avatar

Marc Badia

Assistant Professor
Accounting and Control

About IESE Business School

For over fifty years, IESE, the graduate business school of the University of Navarra, has been at the forefront of management education, developing and inspiring business leaders who strive to make a deep, positive and lasting impact on the people, companies and society they serve....

About the Foundations of Management Specialization

Good management is equal parts knowing and doing. No matter what industry you work in or where you are in your career, a basic understanding of financial, marketing and decision-making principles and other management fundamentals will help you achieve your professional goals - be it getting promoted in your current job, getting ready for a MBA program, or starting your own company. This Specialization will give you a comprehensive introduction to the practice of management through the lens of four key disciplines: accounting, finance, marketing, and organizational behavior. In each course, you'll analyze real business cases from these four perspectives. In the final Capstone Project, you’ll apply what you’ve learned to develop a holistic solution to a real-world business dilemma. This Specialization will provide you with the skill set needed to help achieve the next step in your career....
Foundations of Management

Frequently Asked Questions

  • Once you enroll for a Certificate, you’ll have access to all videos, quizzes, and programming assignments (if applicable). Peer review assignments can only be submitted and reviewed once your session has begun. If you choose to explore the course without purchasing, you may not be able to access certain assignments.

  • When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.

More questions? Visit the Learner Help Center.