Financial Accounting & Bookkeeping: Next Level (Udemy.com)

Ready to take your accounting to the next level?

You already understand the foundation. You know how transactions become financial statements. You understand debits and credits, the accounting cycle, inventory, assets, liabilities, and equity.

Now you are ready to do more with it.

Financial Accounting & Bookkeeping: Next Level picks up where Financial Accounting & Bookkeeping: from beginner to pro leaves off. It takes the same clear, practical approach and expands it into deeper financial analysis, cash-flow preparation, revenue recognition, receivables, inventory, time value of money, long-term assets, bonds, equity, and investments.

This is not about making accounting harder just because the topics go further. It is about taking a foundation you already understand and using it to see more, analyze more, and make better decisions.

You built the foundation. Now level it up.

A proven course family with an extraordinary history

This course continues the same acclaimed accounting program and teaching approach that learners already know from the financial-accounting foundation.

• Created at the #1 accounting university in the USA.

• Trusted by more than 100,000 learners on Udemy and at schools around the world.

• Highlighted in The New York Times, Wired, and Gigaom.

• Recommended by Harvard to incoming MBA students who had not studied accounting.

Clayton Christensen, the late Harvard Business School professor and author of The Innovator's Dilemma, called Norm's teaching “extraordinary.”

Quick glance

• Level up your financial analysis: Move beyond the basics into liquidity, operating-cycle, leverage, return, shareholder, and valuation measures.

• Build full cash-flow skills: Prepare and interpret the statement of cash flows using direct and indirect methods.

• Go deeper into operating accounting: Revenue recognition, receivables, inventory systems, foreign currency, taxes, contingencies, and warranties.

• Use the time value of money: Present value, future value, annuities, and uneven cash flows.

• Take financing and ownership further: Bonds, stock, dividends, treasury stock, retained earnings, and equity.

• Understand investments: Equity and debt securities, the equity method, and consolidated financial statements.

• Keep the same clear teaching style: The concepts go further, but Norm still teaches the purpose first and the mechanics second.

The natural next step after your financial-accounting foundation

If you completed Financial Accounting & Bookkeeping: from beginner to pro, you have already done the hard part. You built the system from the ground up and learned how accounting information is created.

This course takes that knowledge further.

Instead of starting over, you expand what you already know. Familiar ideas become more useful as you add deeper analysis, more complex transactions, additional financing choices, and new ways to evaluate a company's financial story.

An equivalent introductory financial-accounting course can also prepare you. The important thing is that you already understand the core system and are ready to level it up.

Level up the way you read financial statements

Basic analysis tells you where to start. Next-level analysis helps you see how the pieces work together.

You will learn how the operating cycle, financing choices, asset management, leverage, return on assets, return on equity, dividends, market capitalization, book value, and financial trends interact.

The analysis section includes:

• working capital, current ratio, and quick ratio.

• receivables, inventory, and accounts-payable turnover.

• the operating cycle and financing operations.

• debt ratios, debt-to-equity, and times interest earned.

• return on assets, return on equity, and the DuPont framework.

• EPS, dividends, payout, yield, and shareholder return.

• P/E, market capitalization, book value, vertical analysis, and horizontal analysis.

The goal is not simply to calculate more ratios. It is to understand what the pattern says about liquidity, operations, risk, profitability, and value.

Build stronger cash-flow and operating-accounting skills

You will prepare the statement of cash flows using both direct and indirect methods and complete a bank reconciliation.

You will also take revenue and receivables further with:

• shipping terms, consignment, long-term contracts, and guarantees.

• sales discounts, returns, and allowances.

• bad-debt estimation using receivables and net-credit-sales methods.

• trade notes, factoring, and discounting receivables.

• sales denominated in a foreign currency.

Inventory expands beyond the introductory foundation into perpetual and periodic systems, specific identification, FIFO, LIFO, moving weighted average, inventory estimation, inventory errors, and lower-of-cost-or-market valuation.

Add the time value of money

Money received today is not economically identical to money received years from now.

You will learn present value and future value for single cash flows, annuities, and uneven cash-flow streams. These tools support later work with bonds, leases, financing, and valuation.

A financial calculator or equivalent calculator is helpful for this part of the course.

Take assets, bonds, equity, and investments further

Your financial-accounting foundation introduced assets, liabilities, and equity. Now you go deeper.

You will study long-term assets including basket purchases, self-constructed assets, leases, accelerated depreciation, repairs, improvements, disposals, intangibles, goodwill, natural resources, valuation, and impairment.

You will then level up into:

• Bonds: Issue price, face value, premiums, discounts, straight-line amortization, effective-interest amortization, and early retirement.

• Equity: Common and preferred stock, cash and stock dividends, stock splits, treasury stock, retained earnings, prior-period adjustments, and owners' equity.