Explore

Understanding Financial Statements: Company Performance

Approx. 12 hours to complete

Save Course

Go to Course

Course Summary

This course provides an in-depth understanding of the income statement, a financial statement that provides key insights into a company's profitability.

Key Learning Points

Learn how to read and interpret financial statements
Understand the importance of the income statement in evaluating a company's financial health
Gain practical skills in analyzing and interpreting income statements

Job Positions & Salaries of people who have taken this course might have

Financial Analyst
- USA: $63,000
- India: ₹6,00,000
- Spain: €35,000
Accountant
- USA: $50,000
- India: ₹3,50,000
- Spain: €25,000
Investment Banker
- USA: $110,000
- India: ₹12,00,000
- Spain: €65,000

Learning Outcomes

Ability to read and interpret income statements
Proficiency in analyzing and interpreting financial data
Enhanced financial management skills

Prerequisites or good to have knowledge before taking this course

Basic understanding of accounting principles
Familiarity with financial statements

Course Difficulty Level

Intermediate

Course Format

Online
Self-paced
Video Lectures

Similar Courses

Financial Statements and Analysis
Introduction to Financial Accounting
Financial Modeling and Valuation

Notable People in This Field

Investor and Business Magnate
Chairman and CEO, General Motors

Related Books

Description

This course is designed to provide a basic understanding of financial statements with an emphasis on the income statement. Building on the foundation formed in the first course, you will learn about the third of our three measurement questions and how the income statement helps to answer this final measurement question. Returning to the real business people introduced in the first course, this second course describes the basic content of income statement in a simple yet relevant context. The course ends by summarizing many of the lessons learned in both courses to leave you with a lasting impression about what financial statements are and how accounting can work for you. We all know that accounting is “the language of business”; let’s make learning this language engaging, and perhaps even fun!

Upon successful completion of this course, you will be able to: • Describe the purpose of an income statement. • Define the basic components of an income statement. • Recognize and understand the meaning of several items typically presented on an income statement. • Explain the broader purpose of financial statements and the role of accounting in producing the financial statements. • Read and, to some extent, interpret real-world income statements. If you enjoy this business course and are interested in an MBA, consider applying to the iMBA, a flexible, fully-accredited online MBA at an incredibly competitive price offered by the University of Illinois. For more information, please see the Resource page in this course and onlinemba.illinois.edu.

Outline

Course Orientation
Syllabus
About the Discussion Forums
Glossary
Updating Your Profile
Social Media
Orientation Quiz

Module 1: How Did You Perform? Introducing the Income Statement
1-1. How Do You Perform?
1-2. A Look at Cost of Goods Sold
Overview & Readings
Module 1 Readings
Lesson 1-1 Practice Quiz
Lesson 1-2 Practice Quiz
Module 1 Quiz

Module 2: Finishing Out the Income Statement and Managing Cash
2-1. Finishing Out Income Statements
2-2. How Did You Manage Cash?
Overview & Readings
Module 2 Readings
Lesson 2-1 Practice Quiz
Lesson 2-2 Practice Quiz
Module 2 Quiz

Module 3: Final Elements of Financial Statements
3-1. Taking Note of the Notes to the Financial Statements
3-2. The Auditor’s Report
Module 3 Overview
Module 3 Readings
Lesson 3-1 Practice Quiz
Lesson 3-2 Practice Quiz
Module 3 Quiz

Module 4: Wrapping Up Financial Statements and What Lies Ahead
4-1. Ratios that Help Tell a Story
4-2. Looking Back and Ahead
Gies Online Programs
Overview & Readings
Module 4 Readings
Congratulations!
Lesson 4-1 Practice Quiz
Lesson 4-2 Practice Quiz
Module 4 Quiz

Summary of User Reviews

Learn how to analyze and understand financial statements with Coursera's Income Statement course. Students praise the in-depth explanations and real-world examples provided by the instructor.

Key Aspect Users Liked About This Course

The course provides real-world examples to help students understand financial statements.

Pros from User Reviews

Instructor provides clear and easy-to-follow explanations
Real-world examples help students understand concepts
Course is well-structured and easy to navigate

Cons from User Reviews

Some users found the course content too basic
The course is only an introduction to income statements
Some users found the quizzes and assignments to be too easy

Recommended for you

Complete Machine Learning & Data Science Bootcamp 2021

Learn Data Science, Data Analysis, Machine Learning (Artificial Intelligence) and Python with Tensorflow, Pandas & more!  You will go from zero to mastery!...

Save Course

Oracle PL/SQL Database Administration: 11g/12c DBA Developer

Oracle PLSQL Database Administration: Become A Oracle DBA 11g, Goldengate 12c Developer, Advanced SQL Java Certification PL/SQL is a procedural language designed specifically to embrace SQL statements within its syntax....

Save Course

Trading Basics

The first part of the course provides a brief introduction to financial statements and various common filings of firms. etc. Basics of Financial Statements...

Save Course

Management and financial accounting: Know your numbers 1

Financial literacy is a fundamental capability for any business leader, whether you are running your own small business/start-up or working at a large organisation....

Save Course