Enroll Course: https://www.coursera.org/learn/accounting-2
Following up on the foundational knowledge gained in Accounting I, Coursera’s “Accounting 2” course delves deeper into the intricate world of financial accounting. This course is an essential next step for anyone looking to truly understand the “language of business” and its global applications. Whether you’re aiming for a career in finance, managing your own business, or simply seeking to enhance your financial literacy, Accounting 2 provides a comprehensive and accessible learning experience.
The syllabus is meticulously structured, starting with a crucial reminder of why accounting is indispensable in today’s professional landscape. Module 2 tackles “Accounts Receivable and Inventories,” highlighting the complexities of credit sales, bad debt estimations, and the critical role of inventory management in a company’s profitability. The course effectively explains how to report bad debt, the different methods for estimation, and the potential for manipulation within these areas. Similarly, understanding inventory valuation and its impact on Cost of Goods Sold (COGS) is thoroughly explored, emphasizing its significance for efficient operations.
Moving into “Long-Term Assets” (Module 3), the course clarifies the accounting treatment for both tangible and intangible assets, including depreciation, amortization, and impairment testing. The distinction between capitalizing and expensing, and the concepts of fair value versus historical cost, are clearly articulated. Module 4, “Equity,” breaks down common stock, paid-in capital, treasury shares, and the all-important Earnings Per Share (EPS), providing a clear picture of shareholder value.
The course then addresses “Liabilities” (Module 5), explaining how leverage impacts risk and detailing the accounting for leases, bank loans, and bonds. This section is vital for understanding a firm’s financial obligations and risk profile. “Financial Assets” (Module 6) covers the accounting for various investments, including mark-to-market valuations and the nuances of bonds issued at different premiums or discounts. These topics are particularly relevant given their role in financial crises.
Modules 7 and 8 focus on “Mergers and Acquisitions” and “Taxes,” respectively. The M&A section demystifies the accounting for consolidations, goodwill, and minority interests, while the tax module explains tax expense, deductions, and the strategies behind corporate tax planning. Finally, Module 9, “Earnings Management,” touches upon the critical, albeit sensitive, topic of how financial reporting can be influenced, underscoring the importance of ethical accounting practices.
Overall, “Accounting 2” is a highly recommended course. The explanations are clear, the examples are relevant, and the progression through advanced topics is logical. It builds a robust understanding of how financial statements are constructed and interpreted, equipping learners with valuable skills applicable across diverse industries and geographies. This course is an excellent investment for anyone serious about mastering financial accounting.
Enroll Course: https://www.coursera.org/learn/accounting-2