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Course Description

This course provides a foundation in financial accounting and examines the expansion of the field as it relates to the evolution of business’ accounting needs. Students will be able to speak intelligently about accounting entities, assets, and claims, along with how they are represented on an income statement and balance sheet. It then examines the application of financial statement ratios and the ways in which data can be utilized for the internal and external evaluation of a company’s financial position, performance, and prospects. Students will apply financial statement ratios to analyze how profit is generated and make determinations on a company’s liquidity and solvency. Finally, this course will look at non-profit organizations and the implications of restricted funds versus for-profit companies and unrestricted funds.

Faculty Author

Robert Bloomfield

Benefits to the Learner

  • Distinguish between entities and enterprises and their assets and claims
  • Correlate the roles of the people involved in the financial process with the problems they are tasked with solving
  • Identify and implement changes to assets within the income statement
  • Distinguish between operating and reporting distortion and be able to identify each
  • Outline the purpose of the conceptual framework and standards boards
  • Identify the goals of financial reporting and the qualities of a useful report
  • Evaluate an organization’s:
    • financial position using the balance sheet
    • financial performance using its income statement
    • cash flows using the Statement of Cash Flows
  • Distinguish between dissolution, bankruptcy, and insolvency
  • Explain how bankruptcy law impacts the repayment of creditors, stockholders, and owners
  • Use financial statement ratios to evaluate a company's liquidity and solvency
  • Evaluate how different organizations use assets and/or equity to generate profit, by calculating the return on assets and then comparing the return on sales, asset turnover, and the financial leverage ratio
  • Explain how the nature of non-profit organizations results in restricted funds and different financial reporting guidelines

Target Audience

  • Individuals seeking to enter the field of accounting or auditing
  • Managers involved in financial forecasting and investments
  • Entrepreneurs seeking investors and/or investment opportunities
  • Pre-MBA students interested in gaining an accounting background

Applies Towards the Following Certificates

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Enroll Now - Select a section to enroll in
Type
2 week
Dates
Oct 30, 2024 to Nov 12, 2024
Total Number of Hours
14.0
Course Fee(s)
Contract Fee $74.00
Type
2 week
Dates
Nov 13, 2024 to Nov 26, 2024
Total Number of Hours
14.0
Course Fee(s)
Contract Fee $74.00
Type
2 week
Dates
Nov 27, 2024 to Dec 10, 2024
Total Number of Hours
14.0
Course Fee(s)
Contract Fee $74.00
Type
2 week
Dates
Dec 11, 2024 to Dec 24, 2024
Total Number of Hours
14.0
Course Fee(s)
Contract Fee $74.00
Type
2 week
Dates
Jan 08, 2025 to Jan 21, 2025
Total Number of Hours
14.0
Course Fee(s)
Contract Fee $74.00
Type
2 week
Dates
Feb 05, 2025 to Feb 18, 2025
Total Number of Hours
14.0
Course Fee(s)
Contract Fee $74.00
Type
2 week
Dates
Mar 05, 2025 to Mar 18, 2025
Total Number of Hours
14.0
Course Fee(s)
Contract Fee $74.00
Type
2 week
Dates
Apr 02, 2025 to Apr 15, 2025
Total Number of Hours
14.0
Course Fee(s)
Contract Fee $74.00
Type
2 week
Dates
Apr 30, 2025 to May 13, 2025
Total Number of Hours
14.0
Course Fee(s)
Contract Fee $74.00
Type
2 week
Dates
May 28, 2025 to Jun 10, 2025
Total Number of Hours
14.0
Course Fee(s)
Contract Fee $74.00
Type
2 week
Dates
Jun 25, 2025 to Jul 08, 2025
Total Number of Hours
14.0
Course Fee(s)
Contract Fee $74.00
Type
2 week
Dates
Jul 23, 2025 to Aug 05, 2025
Total Number of Hours
14.0
Course Fee(s)
Contract Fee $74.00
Type
2 week
Dates
Aug 20, 2025 to Sep 02, 2025
Total Number of Hours
14.0
Course Fee(s)
Contract Fee $74.00
Type
2 week
Dates
Sep 17, 2025 to Sep 30, 2025
Total Number of Hours
14.0
Course Fee(s)
Contract Fee $74.00
Type
2 week
Dates
Oct 15, 2025 to Oct 28, 2025
Total Number of Hours
14.0
Course Fee(s)
Contract Fee $74.00
Type
2 week
Dates
Nov 12, 2025 to Nov 25, 2025
Total Number of Hours
14.0
Course Fee(s)
Contract Fee $74.00
Type
2 week
Dates
Dec 10, 2025 to Dec 23, 2025
Total Number of Hours
14.0
Course Fee(s)
Contract Fee $74.00
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