Enroll Course: https://www.coursera.org/learn/asset-measurement-disclosure
As a follow-up to the foundational ‘Accounting Analysis I: The Role of Accounting as an Information System,’ Coursera’s ‘Accounting Analysis I: Measurement and Disclosure of Assets’ is an indispensable course for anyone looking to gain a robust understanding of financial reporting. This course delves deep into the critical aspects of how companies account for their assets, a cornerstone of accurate financial statements.
The syllabus is meticulously structured, starting with a thorough orientation to familiarize learners with the platform and course materials. Module 1 tackles ‘Cash & Accounts Receivable,’ covering essential topics like internal controls, bank reconciliations, bad debt estimation, and financing with receivables. This section is crucial for understanding how businesses manage their most liquid assets and short-term credit.
Moving on to ‘Inventory – Measurement’ in Module 2, the course explores various inventory systems, cost capitalization, and the impact of different costing methods (like FIFO and LIFO) on financial reporting. Module 3, ‘Inventory – Additional Issues,’ builds upon this by discussing subsequent measurement principles (LCNRV, LCM), estimation methods, cost flow, and the accounting treatment for changes and errors, providing a comprehensive view of inventory management.
The subsequent modules, 4 and 5, focus on ‘PP&E and Intangible Assets.’ They cover the acquisition of these long-term assets, including capitalized costs, self-constructed assets, R&D, and asset dispositions. The utilization and impairment of these assets are also thoroughly examined, including depreciation, depletion, amortization, and accounting for post-acquisition expenditures.
Modules 6 and 7 shift the focus to ‘Debt Investments’ and ‘Equity Investments,’ respectively. Here, learners will understand the recognition, measurement, and disclosure requirements for various investment types, including fair value adjustments. These modules are vital for comprehending how companies account for their investments in other entities.
Finally, Module 8 provides a ‘Course Wrap-Up & Case Study.’ This capstone module allows learners to apply the knowledge gained throughout the course by analyzing a letter to shareholders, reinforcing the practical application of asset accounting principles. The opportunity to earn an Honors badge through a peer-reviewed case study adds significant value.
Overall, ‘Accounting Analysis I: Measurement and Disclosure of Assets’ is an excellent course for accounting students, finance professionals, and business owners who need to understand the intricacies of asset reporting. The clear explanations, practical examples, and comprehensive coverage make it a highly recommended resource for anyone serious about mastering financial accounting.
Enroll Course: https://www.coursera.org/learn/asset-measurement-disclosure