Understanding Financial Statements: Company Position

Full Details
Level
Price
Common Core
Images
No items found.

About this Course
This course is designed to provide a basic understanding of financial statements with an emphasis on the balance sheet. However, to understand accounting driven financial statements, it is important to recognize that accounting is less about counting and more about measuring. “What is it that is being measured?” Well, as the course unfolds, you will learn about the three measurement questions and how the balance sheet helps to answer the first two of these questions. By touring a real company and interviewing real business people, the course describes the basic content of financial statements in a simple yet relevant context. The goal of the course is to leave a lasting impression about what balance sheet consists of and what it reveals. The next course in the Fundamentals of Accounting Specialization 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 several items typically presented on a balance sheet. • Explain the broader purpose of financial statements and the role of accounting in producing the financial statements. • Read and, to some extent, interpret real-world balance sheets.
Subtitles available in English
4 weeks of study, 2-4 hours/week

Full Details
Topics: 
Formats: 
Part of resource: 
Posted 
Mar 2023
This resource has religious influence.

Similar resources

About University of Illinois at Urbana-Champaign

Illinois students, scholars, and alumni are a community with the power to change the world.

With our land-grant heritage as a foundation, we pioneer innovative research that tackles global problems and expands the human experience. Our transformative learning experiences, in and out of the classroom, are designed to produce alumni who desire to make a significant, societal impact.

More by University of Illinois at Urbana-Champaign

thumbnail
Foundations of Professional Identity
Foundations of Professional Identity
College
thumbnail
Business Strategy
Business Strategy
High School - College
thumbnail
Firm Level Economics: Consumer and Producer Behavior
Firm Level Economics: Consumer and Producer Behavior
College
thumbnail
Operations Management
Operations Management
College
thumbnail
Country Level Economics: Macroeconomic Variables and Markets
Country Level Economics: Macroeconomic Variables and Markets
College
thumbnail
Modern American Poetry
Modern American Poetry
College