Introduction to the Course - Financial Accounting Fundamentals
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Introduction to the Course - Financial Accounting Fundamentals
Entrepreneurship: Growing Your Business Specialization
This course, developed at the Darden School of Business at the University of Virginia and taught by top-ranked faculty, will teach you the tools you'll need to understand the fundamentals of financial accounting. Concise videos, the financial records of a small business, and your turn activities guide you through the three most commonly used financial statements: the Balance Sheet, the Income Statement, and the Statement of Cash Flows. Beyond recording transactions, you'll learn how to prepare these financial statements, and read and analyze them to draw basic conclusions about a company's financial health.
By the end of this course, you will be able to:
Use journal entries to record transactions
Prepare and use t-accounts to summarize transactions recorded during an accounting period
Describe the three most commonly used financial statements and how they fit together
Prepare these financial statements based on transactions recorded during an accounting period
Draw basic conclusions about a company's financial health
Financial Accounting, Accounting, Financial Statement, Balance Sheet
Definitely the best online course I have taken. You get to learn a lot from this short term course and feel confident and ready to move onto more advanced topics in accounting. Highly recommended!,Excellent way of teaching by the professor.Excellent course . I learnt all the basic terminologies related to finance.Luyaan's pedagogy is classic and very explicable... thank you coursera
During this first week, we’ll learn about the context for financial accounting, including the informational role it plays for both internal and external audiences. We’ll explain accounting standards, which ensure financial information is conveyed clearly and effectively. Finally, we’ll describe the three primary financial statements as part of a recurring accounting process, called the accounting cycle, and then dive into one of those statements: the Balance Sheet (BS).
Introduction to the Course - Financial Accounting Fundamentals
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