Master financial accounting fundamentals at your own pace, learning to analyze financial statements, understand accrual accounting, and use key metrics and ratios. This self-paced course includes hands-on exercises with financial statements from well-known companies. You’ll explore real-life examples by reviewing actual 10-K filings from companies like Facebook, Amazon, and Apple to see how the accounting concepts apply in the real world.
What You Will Learn
- Gain a solid understanding of financial accounting fundamentals, including cash vs. accrual accounting and GAAP
- Break down income statement line items and key financial ratios
- Master the balance sheet equation: Assets = Liabilities + Shareholders' Equity
- Understand cash flow statements, covering operations, investing, and financing activities
- Learn how to connect and interpret financial statements together
Course Outline
Introduction to Financial Accounting
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Who uses financial reports?
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Where to find financial reports
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Types of financial reports
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Generally Accepted Accounting Principles (GAAP)
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Cash vs. accrual accounting
Income Statement
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Essential line items
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Profit ratios and margins
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Accrual accounting in the income statement
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Depreciation and amortization
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Trailing Twelve Months (TTM)
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Year-over-year (Y/Y) Comparisons
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EBITDA
Balance Sheet
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Assets = Liabilities + Shareholder's Equity
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Essential components of each section
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Changes in PP&E
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Working capital
Cash Flow Statements
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Why we need the cash flow statement
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Cash flows from operations
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Cash flows from investing
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Cash flows from financing
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Deferred taxes
This course is available for 30 days. You can choose when to start your access period. Once you activate, you will have 30 days to complete it (access the course materials, quizzes, projects and videos). You may request one extension of seven (7) days. Other extension requests will be evaluated on a case-by-case basis. Videos are not downloadable.
