This is an introductory course in financial (accounting) statements and their analysis. It reviews the basic financial statements, quality issues in using these statements, and the analysis of these statements for the purposes of making credit decisions.
This is an on-line self-paced course. You will study the text and view the lectures, which are composed of power point slides and an audio track. The lectures explain and expand on the material in the text and explain its relevance to trade credit-granting decisions. Lectures are by Dr. Frederick C. Scherr, Professor of Finance (Emeritus), West Virginia University.
The purchase of this course includes a copy of the required text, Lyn M. Fraser and Aileen Ormiston, Understanding Financial Statements, Custom Edition, Pearson Learning Solutions. The text will be mailed to you within 5 business days of the date of enrollment.
Instructor: Dr. Frederick C. Scherr is a Professor Emeritus of Finance at the College of Business and Economics at West Virginia University, where he taught for 30 years and won both the College’s Outstanding Teacher and Outstanding Researcher awards. He is the author of more than 30 research articles, four textbooks, and many articles in professional publications such as The Credit and Financial Management Review, The Credit Manager, and Business Credit. He has done extensive work in adult education for the National Association of Credit Management, including teaching at the Graduate School of Credit and Financial Management, and for private corporations.
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Module 1
Open to view video.
Open to view video.
This introductory module explains what this course is all about. After going over the structure of this course, instructor Fred Scherr dives into Chapter 1.
Topics covered include: credit worthiness, costs of granting credit, the nature of various claims, caveats in analyzing accounting data, and more. There is no problem assignment for this module.
Module 1, Quiz 1
10 Questions | 1 attempt | 7/10 points to pass
10 Questions | 1 attempt | 7/10 points to pass
This is the Quiz for Module 1
QUIZ #2 HAS DIFFERENT QUESTIONS THAN QUIZ #1, SO WHILE IT IS NOT NECESSARY TO TAKE QUIZ #2 IF YOU PASS QUIZ #1, IT MAY HELP YOU STUDY AND LEARN MORE MATERIAL.
Module 1, Quiz 2
10 Questions | 1 attempt | 7/10 points to pass
10 Questions | 1 attempt | 7/10 points to pass
Second Quiz attempt for Module 1
Module 2
Open to view video.
Open to view video.
Topics covered: The Balance Sheet, types of business organizations, Legal form of the debtor, Liquidity, Cash flows of the firm, the 3 common equity accounts, and more.
There is a problem-set for this module.
Module 2, Quiz 1
10 Questions | 1 attempt | 7/10 points to pass
10 Questions | 1 attempt | 7/10 points to pass
This is the Quiz for Module 2
QUIZ #2 HAS DIFFERENT QUESTIONS THAN QUIZ #1, SO WHILE IT IS NOT NECESSARY TO TAKE QUIZ #2 IF YOU PASS QUIZ #1, IT MAY HELP YOU STUDY AND LEARN MORE MATERIAL.
Module 2, Quiz 2
10 Questions | 1 attempt | 7/10 points to pass
10 Questions | 1 attempt | 7/10 points to pass
Second Quiz attempt for Module 2
Module 3
Open to view video.
Open to view video.
In Chapter 3, you will learn about the Income Statement and the Statement of Shareholder's Equity. The instructor will focus on the important subtotals on the Income Statement such as Gross Profit, EBIT and EBITDA, and Net Earnings.
There is a problem-set for this module.
Module 3, Quiz 1
10 Questions | 1 attempt | 7/10 points to pass
10 Questions | 1 attempt | 7/10 points to pass
This is the Quiz for Module 3
QUIZ #2 HAS DIFFERENT QUESTIONS THAN QUIZ #1, SO WHILE IT IS NOT NECESSARY TO TAKE QUIZ #2 IF YOU PASS QUIZ #1, IT MAY HELP YOU STUDY AND LEARN MORE MATERIAL.
Module 3, Quiz 2
10 Questions | 1 attempt | 7/10 points to pass
10 Questions | 1 attempt | 7/10 points to pass
This is the second Quiz attempt for Module 3
Module 3A
Open to view video.
Open to view video.
Appendix 3A covers the "quality of financial statements" and potential problems in the balance sheet. This lecture will also touch on misstatement within the balance sheet and fraud in financial statements.
There is no problem-set for this module.
Module 3A, Quiz 1
10 Questions | 1 attempt | 7/10 points to pass
10 Questions | 1 attempt | 7/10 points to pass
This is the Quiz for Module 3A
QUIZ #2 HAS DIFFERENT QUESTIONS THAN QUIZ #1, SO WHILE IT IS NOT NECESSARY TO TAKE QUIZ #2 IF YOU PASS QUIZ #1, IT MAY HELP YOU STUDY AND LEARN MORE MATERIAL.
Module 3A, Quiz 2
10 Questions | 1 attempt | 7/10 points to pass
10 Questions | 1 attempt | 7/10 points to pass
This is the second Quiz attempt for Module 3A
Module 4
Open to view video.
Open to view video.
This module covers Chapter 4 which deals with the Statement of Cash Flows. The instructor will teach you how to calculate cash flows and the rules to keep in mind. The term FASB 95 means "Financial Accounting Standards Board: Rule 95".
Module 4, Quiz 1
10 Questions | 1 attempt | 7/10 points to pass
10 Questions | 1 attempt | 7/10 points to pass
This is the Quiz for Module 4
QUIZ #2 HAS DIFFERENT QUESTIONS THAN QUIZ #1, SO WHILE IT IS NOT NECESSARY TO TAKE QUIZ #2 IF YOU PASS QUIZ #1, IT MAY HELP YOU STUDY AND LEARN MORE MATERIAL.
Module 4, Quiz 2
10 Questions | 1 attempt | 7/10 points to pass
10 Questions | 1 attempt | 7/10 points to pass
This is the second Quiz attempt for Module 4
Module 5
Open to view video.
Open to view video.
This is the final module in FSA1. Topics covered include: Ratio Analysis, capital structure, the effects of debtor riskiness, trend analysis, important ratios for liquidity and debt, and more.
Module 5, Quiz 1
10 Questions | 1 attempt | 7/10 points to pass
10 Questions | 1 attempt | 7/10 points to pass
This is the Quiz for Module 5
QUIZ #2 HAS DIFFERENT QUESTIONS THAN QUIZ #1, SO WHILE IT IS NOT NECESSARY TO TAKE QUIZ #2 IF YOU PASS QUIZ #1, IT MAY HELP YOU STUDY AND LEARN MORE MATERIAL.
Module 5, Quiz 2
10 Questions | 1 attempt | 7/10 points to pass
10 Questions | 1 attempt | 7/10 points to pass
This is the second Quiz attempt for Module 5
End of Class Feedback Survey
8 Questions
Financial Statement Analysis 1 certificate
1.00 Course credit | Certificate available
1.00 Course credit | Certificate available
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