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中級

完成時間大約為30 小時

建議: 2-3 hours per week...

英語(English)

字幕:英語(English), 阿拉伯語(Arabic)

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1
完成時間為 3 小時

Why Do We Have Accounting and How Can You Make it Work for You?

Every organized society needs information about its activities and accomplishments. Accounting was created to fulfill this need. In this module we will explore how accounting was designed to meet the needs of decision makers and what this means to you as a user of accounting information. We will discuss the concept behind accrual accounting including introducing the two primary accrual accounting financial statements - the balance sheet and income statement. This module will discuss the purpose and goal of those financial statements, but we will save your experience in creating those statements until module two. In lesson two of this module, we will explore some basic bookkeeping tools that will get you ready to create a set of financial statements. The material in this module is likely to take less than a week, but we will make up for it in module two.

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10 個視頻 (總計 95 分鐘), 7 個閱讀材料, 4 個測驗
10 個視頻
Welcome14分鐘
Why Do We Have Accounting?10分鐘
What is Accrual Accounting?8分鐘
What is a Balance Sheet?9分鐘
What is an Income Statement?8分鐘
Comparing the Two Statements6分鐘
Transactions to Financial Statements4分鐘
Journal Entries10分鐘
T-Accounts15分鐘
Using T-Accounts for Account Analysis6分鐘
7 個閱讀材料
The Structure of the Course10分鐘
The Syllabus10分鐘
Help us learn more about you!10分鐘
Introduction and Overview of Lesson One2分鐘
Introduction and Overview of Lesson Two3分鐘
Notice for Auditing Learners: Assignment Submission10分鐘
Transactions for quiz10分鐘
4 個練習
Overview Material12分鐘
Transactions and Journal Entries10分鐘
T-Accounts and Other Ways to Post6分鐘
Module One Test18分鐘
2
完成時間為 4 小時

The Accounting Cycle and Bookkeeping: Foundational Tools for a Deeper Understanding

In this module we will create a set of accrual accounting financial statements. We will use that experience to walk you through the accounting cycle - which is the process by which accounting captures and aggregates all of the transactions in the period into a set of financial statements. We will examine each step in the accounting cycle using a comprehensive example of a start up wholesale book retailer. You will learn how the steps combine to create the statements. In addition to the comprehensive example we will do together, there will be plenty of chances to practice each step yourself. This module ends with a chance for you to build your own set of financial statements for a start up company. Fair warning: in my opinion this is the least exciting material covered in any accounting class (including this one). It is the basic bookkeeping process, not the interesting part of building an understanding of the business. But just as you need to learn basic addition and subtraction before you can master the math to design a beautiful building, you also need to learn basic bookkeeping as a foundation for the more interesting accounting.

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7 個視頻 (總計 81 分鐘), 6 個閱讀材料, 5 個測驗
7 個視頻
Comprehensive Example Set Up4分鐘
Recording Externally Prompted Transactions23分鐘
Recording Adjusting Journal Entries10分鐘
Recording Closing Journal Entries9分鐘
Making an Income Statement7分鐘
Making a Balance Sheet11分鐘
6 個閱讀材料
Introduction and Overview of Lesson Three3分鐘
Introduction and Overview of Lesson Four3分鐘
Introduction and Overview of Lesson Five3分鐘
Introduction and Overview of Lesson Six5分鐘
Instructions for Quiz10分鐘
Transactions to be Used for the Quiz10分鐘
5 個練習
Quiz on Introduction to the Accounting Cycle6分鐘
Transaction Entries25分鐘
Adjusting and Closing Journal Entries10分鐘
Quiz Financial Statements6分鐘
Accounting Cycle Comprehensive Quiz1 小時 30 分
3
完成時間為 3 小時

Revenue, Accounts Receivable, Inventory and Cost of Goods Sold

In the last module we took an overview perspective to get a sense of the structure of financial statements. For the next three modules we are going to delve into the details of specific items on the accrual financial statements. We will work through the most common items on the balance sheet and income statement to develop an understanding of those items. While we will consider specific items, we will also be building a thought process that we can apply to any future accounting items - even if they are topics that we do not cover in this course. That will allow you to confidently use accounting for years to come, regardless of changes in items or in the specific accounting rules. There are two lessons in this module. The first will cover revenue and the related balance sheet item of accounts receivable. The second lesson will cover costs of goods sold and inventory. We will cover the conceptual economics of each, discuss the current accounting rules and end with a video that applies our bookkeeping tools. The readings for each lesson provide more details.

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7 個視頻 (總計 63 分鐘), 2 個閱讀材料, 4 個測驗
7 個視頻
Accounting Guidance on Revenue Recognition8分鐘
Bookkeeping for Revenue Recognition3分鐘
Accounting for the Allowance for Doubtful Accounts and the Bad Debt Expense9分鐘
What goes into Inventory and Cost of Goods Sold14分鐘
Which One Did We Sell? Inventory Cost Flow Assumptions14分鐘
Bookkeeping for Inventory Transactions4分鐘
2 個閱讀材料
Introduction and Overview of Lesson Seven5分鐘
Introduction and Overview of Lesson Eight5分鐘
4 個練習
Revenue20分鐘
Allowance for Doubtful Accounts20分鐘
Inventory and Cost of Goods Sold20分鐘
Module Three Test30分鐘
4
完成時間為 3 小時

Long-Lived Assets

As firms operate, they often use long-lived assets to execute their business models. Some of these assets are tangible, such as factories or computers. Others are intangible, such as trademarks and brands. In either case, managers face the issue of determining how much of these items were used in each period as well as the related question of how much remains. In this module, we will examine the economics of such transactions as well how accountants reflect them on financial statements. This module will also cover the most nebulous of intangible assets - goodwill.

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10 個視頻 (總計 64 分鐘), 5 個閱讀材料, 6 個測驗
10 個視頻
Basic Bookkeeping for Depreciation5分鐘
Changing Depreciation Estimates4分鐘
Selling an Asset6分鐘
When an Asset is used to make another Asset9分鐘
How Do We Think About Non-Physical Assets?7分鐘
Bookkeeping for Amortization and Intangibles3分鐘
What is Goodwill?4分鐘
Calculating Goodwill8分鐘
Asset Impairments6分鐘
5 個閱讀材料
Introduction and Overview of Lesson Nine2分鐘
Introduction and Overview of Lesson Ten3分鐘
Introduction and Overview of Lesson Eleven1分鐘
Introduction and Overview for Lesson Twelve2分鐘
Introduction and Overview of Lesson Thteen2分鐘
6 個練習
Basics of Depreciation12分鐘
More Advanced Depreciation Topics12分鐘
Intangible Assets6分鐘
Goodwill20分鐘
Impairments10分鐘
Quiz for Long Lived Assets40分鐘
5
完成時間為 2 小時

Liabilities and Stockholders Equity

In the last two modules we have been exploring assets and their impact on both the balance sheet and income statement. In this module we will turn to discussing the other two components of the balance sheet: liabilities and owners equity.As firms operate, they make promise to deliver value to other entities. Accountants call these promises liabilities. You have already seen some liabilities as we discussed assets - after all, you get many assets by promising to give up future value. We will review those liabilities here as well as introducing a few new ones. Firms also have owners. Those owners sometimes directly provide capital and other times let managers retain capital generated by firm operations. Combined, those two sources of capital represent owners equity. We will discuss interaction with owners and how they impact our firms economic situation. We will also discuss how the accounting statements reflect these interactions.

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7 個視頻 (總計 56 分鐘), 4 個閱讀材料, 5 個測驗
7 個視頻
Deferred Revenue5分鐘
What is a Contingent Liability?9分鐘
Bookkeeping for Contingent Liabilities9分鐘
The Economics of Interacting with Owners6分鐘
Basic Bookkeeping for Equity9分鐘
Treasury Stock9分鐘
4 個閱讀材料
Introduction and Overview Lesson Fourteen3分鐘
Introduction and Overview Lesson Fifteen3分鐘
Introduction and Overview Lesson Sixteen10分鐘
Introduction and Overview for Lesson Seventeen2分鐘
5 個練習
Basic Liabilities, including Deferred Revenue10分鐘
Contingent Liabilities8分鐘
Basic Equity Transactions20分鐘
Treasury Stock10分鐘
Liabilities and Stockholders Equity18分鐘
6
完成時間為 2 小時

Cash Flow Statements

We have been spending our time developing the concepts of accrual accounting. We started with the big picture, learned how to use bookkeeping to construct accrual statements and then spent the last three modules deep diving into various accrual accounting topics that help to create a useful set of financial statements. Throughout that time we have focused on capturing economics, not just cash flow. Of course, many of you still want to know about cash (so do I - it is important). But I have put off the cash flow statement for two reasons. First, I wanted you to really give accrual accounting a chance. If we mix cash in from the beginning, most students seem to drift back to cash every time things get a little complicated. But we have demonstrated that often leads to misinformed choices. Second, the cash flow statement effectively requires you to "undo" accrual accounting. That means you have to know accrual accounting pretty well to do a cash flow statement. I am going to be honest (I have all along, after all). The cash flow statement is tough. It seems like it should be really straight forward. Parts of it are. But a few choices were made when the cash flow statement rules were set. The choices make sense (well, somewhat), but they also make cash flow statements hard. We will break it down into pieces to make it approachable, but it is my experience that people need to see this multiple times. Lucky for you, the videos can be watched as often as you want. In this module I will systematically walk you through how cash flow statements are constructed. We will start with a cash T account and build statements from there. Our goal is to build an understanding of what information you can take from a cash flow statement. We are going to spend an entire week just on the cash flow statement. At the end of that week, I will expect you can understand an overall statement, but I will not expect you to be able to build one from scratch. Finally, I want to point out that this module is an inflection point in the course. We started looking at the idea of financial statements and creating broad statements in modules one and two. In modules three through five we began to look at the financial statements one item at a time. With this module we are moving back to the overall statement level, which is the perspective we will also take next module (which will be our last).

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7 個視頻 (總計 64 分鐘), 3 個閱讀材料, 4 個測驗
7 個視頻
Putting Cash into Categories8分鐘
Direct Cash Flow Example7分鐘
What is an Indirect Cash Flow Statement14分鐘
Indirect Cash Flow Example8分鐘
Changes in Working Capital13分鐘
Indirect with Changes in Working Capital Example4分鐘
3 個閱讀材料
Introduction and Overview of Lesson Eighteen4分鐘
Introduction and Overview of Lesson Nineteen4分鐘
Introduction and Overview Lesson Twenty3分鐘
4 個練習
Introduction to Cash Flows and Direct Cash Flow Statements10分鐘
Indirect Cash Flow Statements10分鐘
Changes in Working Capital Approach15分鐘
Cash Flow Statements22分鐘
7
完成時間為 4 小時

Ratios and Course End Assessment

We have covered a lot of ground. You now are familiar with financial statements and the underlying transactions that create them. Our goal is to help you use accounting to make decisions and you have surely gotten much better at that. Now we get the big payoff - we learn how to build ratios to provide insights regarding the decisions we are making (maybe even to help us decide what types of decisions we should consider). We have seen a few ratios as we went through the course, but in this module we are going to discuss how to go about making your own ratios related to whatever question you want to answer. I think you will be surprised to find how easy it is now that you understand accounting. In fact, it is so easy that it will be just a couple of short lessons. Along with those short lessons, the rest of the week can be used to prepare for and take the final comprehensive exam. It will go back over material from each module to assure that you can pull it all together.

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8 個視頻 (總計 43 分鐘), 5 個閱讀材料, 4 個測驗
8 個視頻
Warnings About Ratios9分鐘
Build Your Own Ratios7分鐘
Stock Over Stock3分鐘
Flow Over Flow3分鐘
Stock and Flow Ratios5分鐘
Congratulations1分鐘
Greg Miller and Gautam Kaul4分鐘
5 個閱讀材料
Introduction and Overview of Session Twenty One2分鐘
Introduction and Overview of Lesson Twenty Two1分鐘
Comprehensive Evaluation3分鐘
Go further10分鐘
Post-Course Survey10分鐘
4 個練習
Introduction to Ratios10分鐘
Build Your Own Ratios6分鐘
Ratios8分鐘
Cumulative Final Exam2小時
4.8
9 個審閱Chevron Right

33%

通過此課程獲得實實在在的工作福利

來自Accounting for Decision Making的熱門評論

創建者 NSOct 10th 2018

With no prior knowledge of accounting it's surprising how easy it is to progress through the course. professor Miller has an amazing ability to explain new concepts in an easy to understand manner!

創建者 IGJul 21st 2018

Awesome course, engaging, and very good professor (he should team up with engineers!)

講師

Avatar

Greg Miller

Professor
Ross School of Business

關於 密歇根大学

The mission of the University of Michigan is to serve the people of Michigan and the world through preeminence in creating, communicating, preserving and applying knowledge, art, and academic values, and in developing leaders and citizens who will challenge the present and enrich the future....

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  • You can do this course standalone or to qualify for the residential component of the Finance for Strategic Decision-Making Executive Education program.

  • The Finance for Strategic Decision-Making Executive Education program is a hybrid learning opportunity consisting of two digital courses in Accounting and Finance and a companion in-person experience working hands-on with the faculty and your classmates with data and real world problems to identify solutions and opportunities. With this new blended learning program, Michigan Ross is the 1st to combine the ease of access via digital learning with a unique, in-person direct application experience, all with the rigor expected from a globally top ranked business school. You will have to earn a verified certificate in the course to be eligible for the face-to-face program at the Ross School of Business. To learn more, visit http://michiganross.umich.edu/financestrategy.

  • The pricing of the verified certificate is different depending on whether the course is stand alone, as is the case with the Accounting course, or if the course is part of a Specialization, as is the Finance course. All specializations are offered on a monthly subscription model.

  • While the online courses can be taken in any order, generally completion of the Accounting course is recommended before the Finance portion as the application of concepts of Accounting are helpful to completing the Finance course.

  • You will gain:

    -An understanding of the structure of accounting information that is used to make decisions

    -Comfort in using financial statement information to analyze a situation.

    -The ability to synthesize information from various sources to develop a deeper understanding of a situation

    -The skills to analyze financial ratios as well as creating ratios and metric that are custom to the issue you are studying

    -A deep understanding of analytical and financial frameworks to make value-enhancing decisions

    -The ability to conduct detailed and rigorous valuation analyses of both projects and companies

    -Comfort in understanding the financial analyses conducted by colleagues in your organization in proposals and critiques

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