Financial Reporting Capstone

University of Illinois at Urbana-Champaign via Coursera

Go to Course: https://www.coursera.org/learn/financial-reporting-capstone

Introduction

**Course Review: Financial Reporting Capstone on Coursera** If you have ever aspired to master the intricacies of financial reporting and accounting, the **Financial Reporting Capstone** offered on Coursera is an exceptional opportunity to push your skills to the next level. This course serves as the final project of the Financial Reporting Specialization, enabling participants to synthesize the knowledge they have acquired from previous modules and apply it to real-world scenarios. ### Course Overview The **Financial Reporting Capstone** brings together the concepts and techniques learned from four foundational courses: 1. **Accounting Analysis I: The Role of Accounting as an Information System** 2. **Accounting Analysis I: Measurement and Disclosure of Assets** 3. **Accounting Analysis II: Measurement and Disclosure of Liabilities** 4. **Accounting Analysis II: Accounting for Liabilities and Equity** This structured approach ensures that by the time you reach the Capstone, you are well-equipped to tackle complex financial reporting challenges. ### Syllabus Breakdown 1. **Orientation Module:** This initial module is crucial for getting acquainted with the course layout, your instructor, and fellow classmates. More importantly, it equips you with the technical skills necessary for navigating the online learning environment effectively. 2. **Module 1: Accrual Accounting for Assets and Contingencies** Here, you'll dive into the core principles of accrual accounting. You'll compute and record journal entries related to inventory, accounts receivable, investments, and long-term assets, as well as track contingencies across two fiscal years (20X1 and 20X2). This module proves invaluable as it lays down the groundwork for understanding asset management within financial statements. 3. **Module 2: Accrual Accounting for Liabilities and Equity** This module builds on your foundational knowledge, emphasizing the computation of journal entries for critical topics such as bonds, leases, and pension liabilities. Understanding equity transactions and equity-based compensation will be key components of your learning, ensuring you have a comprehensive grasp of how these elements interact within the realm of financial reporting. 4. **Module 3: Balance Sheet and Income Statement (Including EPS)** In this final module, you will prepare both the Balance Sheet and Income Statement for the given fiscal years. This practical application of your learning culminates in a peer review assignment, where you will not only solidify your own knowledge but also contribute to your peers' learning experiences. ### Course Experience The **Financial Reporting Capstone** is not only intellectually stimulating but also immensely practical. You will be given multiple opportunities to engage with real-life case studies, ensuring that your learning is relevant and applicable. The peer review component encourages collaboration, enhancing your understanding through discussion and feedback. ### Recommendations I wholeheartedly recommend the **Financial Reporting Capstone** to anyone seeking to deepen their understanding of financial reporting and accounting principles. This course is ideal for: - **Accounting Students:** If you are pursuing a degree in accounting or finance, this course provides essential advanced knowledge. - **Professionals in Finance:** For those already working in the finance sector, this Capstone can refine your skills and prepare you for more advanced roles. - **Career Changers:** If you are looking to switch careers and establish a strong foothold in the accounting field, this course equips you with practical skills that are essential for success. ### Final Thoughts By completing the **Financial Reporting Capstone**, you will not only gain a solid understanding of financial reporting but also develop the confidence to apply this knowledge in real-world settings. The comprehensive structure of the course, combined with the interactive learning environment, makes it an outstanding choice for anyone serious about mastering financial reporting. Don't miss this opportunity to elevate your expertise and advance your career!

Syllabus

About the Course

In this module, you will become familiar with the course, your instructor and your classmates, and our learning environment. This orientation will also help you obtain the technical skills required to navigate and be successful in this course.

Module 1: Accrual Accounting for Assets and Contingencies

In this module, you will compute and record journal entries for the topics of accrual accounting, inventory and accounts receivable, investments, long-term assets, and contingencies (including year-end adjusting entries, if any) for both 20X1 and 20X2.

Module 2: Accrual Accounting for Liabilities and Equity

In this module, you will compute and record journal entries for the topics of bonds, leases, pension, Equity Transactions, and Equity-based Compensation for both 20X1 and 20X2.

Module 3: Balance Sheet and Income Statement (including EPS)

In this module, you will prepare the Balance Sheet and Income Statement for both 20X1 and 20X2 by filling in the blank journal items in the tables. You will also need to complete a peer review assignment.