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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
Sep 16, 2026 to Sep 29, 2026
Total Number of Hours
14.0
Course Fee(s)
Standard Price $1,199.00
Type
2 week
Dates
Oct 14, 2026 to Oct 27, 2026
Total Number of Hours
14.0
Course Fee(s)
Standard Price $1,199.00
Type
2 week
Dates
Nov 11, 2026 to Nov 24, 2026
Total Number of Hours
14.0
Course Fee(s)
Standard Price $1,199.00
Type
2 week
Dates
Dec 09, 2026 to Dec 22, 2026
Total Number of Hours
14.0
Course Fee(s)
Standard Price $1,199.00
Type
2 week
Dates
Jan 06, 2027 to Jan 19, 2027
Total Number of Hours
14.0
Course Fee(s)
Standard Price $1,199.00
Type
2 week
Dates
Feb 03, 2027 to Feb 16, 2027
Total Number of Hours
14.0
Course Fee(s)
Standard Price $1,199.00
Type
2 week
Dates
Mar 03, 2027 to Mar 16, 2027
Total Number of Hours
14.0
Course Fee(s)
Standard Price $1,199.00
Type
2 week
Dates
Mar 31, 2027 to Apr 13, 2027
Total Number of Hours
14.0
Course Fee(s)
Standard Price $1,199.00
Type
2 week
Dates
Apr 28, 2027 to May 11, 2027
Total Number of Hours
14.0
Course Fee(s)
Standard Price $1,199.00
Type
2 week
Dates
May 26, 2027 to Jun 08, 2027
Total Number of Hours
14.0
Course Fee(s)
Standard Price $1,199.00
Type
2 week
Dates
Jun 23, 2027 to Jul 06, 2027
Total Number of Hours
14.0
Course Fee(s)
Standard Price $1,199.00
Type
2 week
Dates
Jul 21, 2027 to Aug 03, 2027
Total Number of Hours
14.0
Course Fee(s)
Standard Price $1,199.00
Type
2 week
Dates
Aug 18, 2027 to Aug 31, 2027
Total Number of Hours
14.0
Course Fee(s)
Standard Price $1,199.00
Type
2 week
Dates
Sep 15, 2027 to Sep 28, 2027
Total Number of Hours
14.0
Course Fee(s)
Standard Price $1,199.00
Type
2 week
Dates
Oct 13, 2027 to Oct 26, 2027
Total Number of Hours
14.0
Course Fee(s)
Standard Price $1,199.00
Type
2 week
Dates
Nov 10, 2027 to Nov 23, 2027
Total Number of Hours
14.0
Course Fee(s)
Standard Price $1,199.00
Type
2 week
Dates
Dec 08, 2027 to Dec 21, 2027
Total Number of Hours
14.0
Course Fee(s)
Standard Price $1,199.00
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