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Fundamentals of Accounting

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Accounting Basics for Managers and Entrepreneurs

Accounting is the “language of business.” Being able to understand this language allows individuals both inside and outside of an organization to join the “conversation” about how the organization is performing and how it can improve future performance. Financial accounting focuses on the reports that managers generate to provide interested external parties a summary of the firm’s financial position and operations. Managerial accounting focuses on the information and the analytical tools and techniques that help managers and employees make the right business decisions. In this Specialization, you will learn the fundamentals of both of these purposes of accounting. More specifically, you will understand the financial statements that managers create, and be able to interpret and analyze these statements to assess the financial position of the organization. You will also identify and understand the nature, purpose, and importance of different types of decision-useful accounting information, and use analytical tools and techniques to use this information to make business decisions. Via the capstone, you will apply these fundamentals via the lens of a new business, creating a business plan, forecasts and budgets, and anticipated information needs for decisions made by you as owner and manager, your employees, and external parties such as future shareholders, creditors, and other constituents.

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From University of Illinois at Urbana-Champaign via Coursera
Hours 104
Instructors Sharon P. Cox, Ph.D., Gary Hecht, Ph.D., Kevin E. Jackson
Language English
Subjects Business

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Careers

An overview of related careers and their average salaries in the US. Bars indicate income percentile (33rd - 99th).

Accounting Customer Service Representative $35k

Accounting Control Clerk $40k

Staff Accounting Clerk 1 $50k

Secretary of Accounting Department $50k

Administrator of Accounting $60k

Accountant / Cost Accounting Analyst $64k

Treasury Accounting Analyst $68k

Supervisor Route Accounting clerk $71k

Assistant Senior Project Accounting Manager $75k

Regional Corporate Accounting/Sales & Use Bookkeeper Manager $82k

Utility Accounting Manager $129k

Finance & Accounting Analyst (EAIT Operation Controller/Accountant) Manager $149k

Courses in this Specialization

Listed in the order in which they should be taken

Starts Course Information

Jun
26

Understanding Financial Statements: Company Position

This course is designed to provide a basic understanding of financial statements with an emphasis on the balance sheet. However, to understand accounting driven financial...

Coursera | University of Illinois at Urbana-Champaign

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Jun
26

Understanding Financial Statements: Company Performance

This course is designed to provide a basic understanding of financial statements with an emphasis on the income statement. Building on the foundation formed in the first course,...

Coursera | University of Illinois at Urbana-Champaign

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Jul
3

Accounting for Business Decision Making: Measurement and Operational Decisions

Accounting information is the lifeblood of the organization as it facilitates and influences operational and strategic decisions intended to achieve organizational goals....

Coursera | University of Illinois at Urbana-Champaign

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Jul
3

Accounting for Business Decision Making: Strategy Assessment and Control

Accounting information is the lifeblood of the organization, as it facilitates and influences operational and strategic decisions intended to achieve organizational goals....

Coursera | University of Illinois at Urbana-Champaign

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Sep
11

Fundamentals of Accounting Capstone (You were viewing this course)

**You should complete all other courses in the Fundamentals of Accounting Specialization before beginning this course.** The capstone project will be set in the context of a...

Coursera | University of Illinois at Urbana-Champaign

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University of Illinois at Urbana-Champaign

From University of Illinois at Urbana-Champaign via Coursera
Hours 104
Instructors Sharon P. Cox, Ph.D., Gary Hecht, Ph.D., Kevin E. Jackson
Language English
Subjects Business

Careers

An overview of related careers and their average salaries in the US. Bars indicate income percentile (33rd - 99th).

Accounting Customer Service Representative $35k

Accounting Control Clerk $40k

Staff Accounting Clerk 1 $50k

Secretary of Accounting Department $50k

Administrator of Accounting $60k

Accountant / Cost Accounting Analyst $64k

Treasury Accounting Analyst $68k

Supervisor Route Accounting clerk $71k

Assistant Senior Project Accounting Manager $75k

Regional Corporate Accounting/Sales & Use Bookkeeper Manager $82k

Utility Accounting Manager $129k

Finance & Accounting Analyst (EAIT Operation Controller/Accountant) Manager $149k

Similar Courses

Sorted by relevance