In this module, you'll explore some of the most common types of accounting estimates businesses must consider while drafting their balance sheets. You'll examine estimates for property, plant, and equipment (PP&E), the allowance for credit losses, and warranties. By the end of the module, you'll be able to consider the balance sheet and how it is impacted by the estimates accountants and mangers need to make.

In this module, you'll explore the key differences in how businesses raise capital to fund operations. You'll examine the financing structures of a business, the breakout of common stock versus additional paid-in capital, along with the nuances of preferred stock. You'll then develop an understanding of what makes up retained earnings. By the end of this module, you'll be prepared to identify and understand the key parts and components of the equity portion of the balance sheet.

This final module brings everything together. You’ll review key concepts from the course and apply what you’ve learned to real-world balance sheet compilation. By stepping back and looking across the components of the balance sheet, you’ll strengthen your ability to analyze how transactions impact the assets, liabilities, and equity reported externally—skills that are essential for accountants and business professionals alike.