Financial Accounting
link Source: www.edx.org
date_range Starts on April 5, 2023
event_note Ends on June 26, 2023
list 12 sequences
assignment Level : Advanced
chat_bubble_outline Language : English
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Key Information

credit_card Free access
verified_user Fee-based Certificate
timer 120 hours in total

About the content

Accounting is the language of business. It is difficult to understand business without knowing some accounting. Knowing accounting will help learners better understand and contribute to their own companies and better understand business around them. This course also helps students use the financial statements to gather inputs to valuation models and for corporate finance decisions.

Financial Accounting is part of the MicroMasters® Program in Finance. It provides a rigorous introduction to the principles of financial accounting. We focus on the preparation and analysis of financial statements, and on why financial statements take the form they do. We cover the basic structure of financial reports and the process of recording transactions. We will also learn how investors, creditors, and other users analyze financial statements to assess corporate performance. The course focuses on using the financial statements to gather inputs to valuation models and for corporate finance decisions.

This course offers general managers, financial analysts, financial advisors, quantitative researchers, asset managers, risk managers, quantitative developers working in financial services, professionals servicing the financial industry the tools to succeed. Undergraduate and graduate students looking to enter business in general or finance in particular would also benefit greatly from this valuable course.

  • Understand accounting terms
  • Understand how financial statements are constructed
  • Ability to read financial statements
  • Gather inputs to valuation models and for corporate finance decisions

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Prerequisite

  • Probability and Statistics (undergraduate)
  • Calculus (undergraduate)
  • Linear algebra (undergraduate)

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Syllabus

The course is organized as four parts:

A. Introduction; Assets

Week 1: Accrual Accounting,

Week 2: Revenue Recognition; Receivables

Week 3: Inventory; Property, Plant, and Equipment

Week 4: Intangible Assets; Income vs. Cash Flows

Module 5: Acquisitions; Finance Investments

B. Financial Statement Analysis (FSA)

Week 6.1: Introductory FSA

C. Liabilities and Stockholders' Equity

Week 6.2: Income Taxes

Week 7: Long-Term Debt; Leases

Week 8: Stockholders’ Equity and Earnings per Share

Week 9: Accounting for Banks

E. Review; Accounting for Valuation

Week 10: Tesla case

We base this course on many years of courses we and our MIT colleagues have taught in previous years to MIT graduate students.

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Instructors

John Core
Nanyang Technological University Professor and a Professor of Accounting, Sloan School of Management
Massachusetts Institute of Technology

Egor Matveyev
Executive Director of MicroMasters Program in Finance
Massachusetts Institute of Technology

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Content Designer

MIT

MIT is a world-class educational institution where teaching and research — with relevance to the practical world as a guiding principle — continue to be its primary purpose.

MIT is independent, coeducational, and privately endowed. Its five schools and one college encompass numerous academic departments, divisions and degree-granting programs, as well as interdisciplinary centers, laboratories and programs whose work cuts across traditional departmental boundaries.

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Edx

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