Introduction to Financial Accounting

Introduction to Financial Accounting Description

This course helps you to learn how accounting rules and managerial incentives affect the financial reporting process, as well as the technical skills required to interpret financial statements and disclosures for use in financial analysis. You’ll be able to read the income statement, balance sheet, and statement of cash flows by the end of this course, which covers the three most popular financial statements. As part of the Wharton Business Foundations Specialization, you can then use these abilities to tackle a genuine business challenge.

Here’s what you will learn in this course:

1. Introduction to Financial Accounting
2. The Accounting Process
3. Financial Accounting and Adjusting Entries
4. The Classified Balance Sheet and Related Disclosures
5. Accounting for the Sale of Goods
6. Assigning Costs to Merchandise
7. Cash and Receivables
8. Long-lived Assets
9. Debt Financing: Current and Long-term Liabilities
10. Equity Financing
11. The Statement of Cash Flows
12. Financial Statement Analysis
13. Proprietorships and Partnerships