Accounting Analysis I: Measurement and Disclosure of Assets

Go to Course: https://www.coursera.org/learn/asset-measurement-disclosure

Introduction

### Course Review: Accounting Analysis I: Measurement and Disclosure of Assets If you're interested in understanding the intricate world of accounting, especially in the realm of asset measurement and disclosure, look no further than Coursera’s **Accounting Analysis I: Measurement and Disclosure of Assets**. This course serves as the second installment in a comprehensive five-course Financial Reporting Specialization, making it a pivotal step for both aspiring accountants and seasoned professionals seeking to deepen their knowledge. #### Course Overview Before diving into this course, it's important to note that familiarity with the previous course, **Accounting Analysis I: The Role of Accounting as an Information System**, is essential. This foundational understanding will help you better grasp the advanced concepts presented here, ensuring you have the background needed to succeed. The course encompasses a wide range of topics crucial to effectively reporting and analyzing financial information about economic entities. From cash management to inventory valuation, each module is designed to build upon the last, creating a coherent path through financial reporting. #### Syllabus Breakdown 1. **Course Orientation**: Initially, you'll be introduced to the course framework, learning how to navigate the online platform and meet fellow learners. This module ensures you have the technical acumen necessary as you progress through the course. 2. **Module 1: Cash & Accounts Receivable**: Delving into internal controls and cash reconciliations, you will learn to estimate bad debt expenses and explore inventory financing options, equipping you with vital cash management skills. 3. **Module 2: Inventory - Measurement**: This segment covers the various systems used for inventory management, the costs involved in inventory measurement, and the different costing methods, essential for accurate financial reporting. 4. **Module 3: Inventory - Additional Issues**: Building on inventory concepts, you'll engage with how to conduct inventory estimations under constraints and learn to handle any potential errors, solidifying your understanding of asset valuation. 5. **Module 4: PP&E and Intangible Assets: Acquisition**: Understanding the acquisition of property, plant, and equipment (PP&E), along with intangible assets, will give you insight into capitalized costs, asset exchanges, and more intricate acquisition considerations. 6. **Module 5: PP&E and Intangibles - Utilization & Impairment**: This module explores cost allocation methods for long-lived assets, depreciation methods, and impairment accounting, essential for maintaining accurate books and managing financial health. 7. **Module 6: Debt Investments**: Discussing the recognition and measurement of debt investments, this module will clarify how to disclose these assets in financial statements, enhancing your financial analysis skills. 8. **Module 7: Equity Investments**: You will dive into recognizing and measuring equity investments, including fair value adjustments, vital for anyone involved in investment analysis or management. 9. **Module 8: Course Wrap-Up & Case Study**: Finally, you’ll synthesize your learning through a peer-reviewed case study. This comprehensive review will solidify your understanding while providing you with practical experience in analyzing real-world financial documents. #### Recommendations Overall, **Accounting Analysis I: Measurement and Disclosure of Assets** is an excellent course for anyone looking to advance their knowledge of accounting principles, particularly concerning asset measurement and reporting. The structured approach ensures that learners can build on their knowledge progressively, maintaining engagement while providing practical applications through case studies. **Who should take this course?** - Aspiring accountants or finance professionals seeking to understand asset valuation techniques. - Business owners who want to better grasp their company’s financial health. - Students pursuing finance or accounting degrees. **Why take this course?** - Gain a thorough understanding of cash management, inventory valuation, and equity and debt investments. - Enhance your ability to analyze financial statements critically and contribute to stakeholder decision-making. - Earn a recognizable certificate from a reputable institution to bolster your professional credentials. ### Conclusion In conclusion, if you’re eager to understand how assets are measured and disclosed in financial statements, I wholeheartedly recommend enrolling in this course. Not only will you learn indispensable skills, but you will also position yourself for greater opportunities in the fields of finance and accounting. Don’t miss out on this chance to elevate your expertise and make a meaningful impact in your career!

Syllabus

Course Orientation

You will become familiar with the course, your classmates, and our learning environment. The orientation will also help you obtain the technical skills required for the course.

We will learn about internal controls, including bank reconciliations, as well as restrictions over cash. Next, we will introduce the approaches to estimate bad debt expense related to accounts receivable. Lastly, we will discuss notes receivable and various methods of financing with receivables.

We will learn about the types of inventory systems, as well as the costs that should be included in inventory. Next, we will understand the various inventory costing methods, as well as key factors on choice of these methods. Lastly, we will discuss inventory ratio analysis, as well as methods of simplifying LIFO.

We will learn about the subsequent measures of inventory such as LCNRV and LCM. Next, we will understand the various inventory estimation methods when we are unable to take a physical count. Then, we will discuss the various types of inventory cost flow methods. Lastly, we will discuss how to handle changes in inventory methods as well as inventory errors.

We will learn about the types of long-lived assets, as well as the basic costs to be capitalized. Next, we will understand the various complex issues of determining capitalized costs as well as discuss asset dispositions and exchanges. Lastly, we will learn about the costs associated with self-constructed assets and R&D.

We will learn about the various cost allocation methods, as well as key factors on the decision maker's perspective on selecting a depreciation method. Next, we will understand depletion of natural resources and amortization of intangible assets. Lastly, we will discuss how to account for expenditures after asset acquisition, and ratio analysis.

We will discuss recognition, measurement, and disclosure of debt investments.

We will learn about Equity Investments. Next, we will understand how to recognize, measure, and disclose the two types of Equity Investments. Lastly, we will discuss fair value adjustments for investments.

If you would like to earn an Honors badge on your certificate for this course, you must complete a peer-reviewed case study that will serve as a cumulative recap of the concepts you have learned throughout this course. The case study will involve a review of a letter to shareholders in which you will discuss key topics covered in this course that are mentioned in the letter.