WOXSEN UNIVERSITY
Hyderabad
MBA 2023-25
COURSE – CORPORATE FINANCE (MCOF21203)
Presented to Dr. Purushottam Naidu
Topic – Report on Introduction to Financial Accounting
Name: SHAIK ABDUL SAMMAD ALI
Student ID: 23WU0202347
Section: MBA (Financial Services)
Report on the Introduction to Financial Accounting course from the University of
Pennsylvania
The Introduction to Financial Accounting course from the University of Pennsylvania
is a four-week online course that provides students with a solid foundation in the
fundamentals of financial accounting. The course covers a wide range of topics,
including:
The accounting equation
The balance sheet
Assets, liabilities, and equity
Accrual accounting
The income statement
Revenues and expenses
The statement of cash flows
Financial ratios
The course is well-structured and easy to follow, and the instructors do a good job of
explaining complex concepts in a clear and concise way. The course also includes a
variety of interactive exercises and quizzes to help students test their understanding
of the material.
One of the things I liked most about the course is that it focused on the practical
application of financial accounting principles. For example, in Week 4, students learn
how to use financial ratios to analyze a company's financial performance. This is a
skill that is highly valued by employers, and it is something that students can use in
their own careers.
Overall, I highly recommend the Introduction to Financial Accounting course from the
University of Pennsylvania to anyone who wants to learn more about the basics of
financial accounting. The course is well-taught, informative, and practical.
Here is a more detailed report of the course content, week by week:
Week 1: Introduction and Balance Sheet
In Week 1, students learn about the basic concepts of financial accounting, including
the accounting equation, the balance sheet, and the three types of financial
statements. They also learn about the different types of assets, liabilities, and equity.
Week 2: Accrual Accounting and the Income Statement
In Week 2, students learn about the principles of accrual accounting and the income
statement. They learn how to recognize revenues and expenses when they are
earned or incurred, even if they have not yet been received or paid. They also learn
about the different types of adjusting and closing entries.
Week 3: Cash Flows
In Week 3, students learn about the statement of cash flows and its three types of
cash flows: operating, investing, and financing. They learn how to prepare and
analyze the statement of cash flows to better understand a company's cash flow
position.
Week 4: Ratio Analysis
In Week 4, students learn about financial ratios and how they can be used to analyze
a company's financial performance. They learn about different types of ratios, such
as liquidity ratios, solvency ratios, profitability ratios, and activity ratios. They also
learn how to use ratios to compare companies and identify potential problems.
In addition to the above, the course also includes a number of interactive exercises
and quizzes to help students test their understanding of the material. Students also
have the opportunity to complete a final project, which is a case study in which they
apply the concepts they have learned to analyze a real-world company.
Overall, I believe that the Introduction to Financial Accounting course from the
University of Pennsylvania is a valuable resource for anyone who wants to learn
more about the basics of financial accounting. The course is well-taught, informative,
and practical.
