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Financial Accounting Fundamentals

Entrepreneurship: Growing Your Business,

This course, developed at the Darden School of Business at the University of Virginia and taught by top-ranked faculty, will teach you the tools you'll need to understand the fundamentals of financial accounting. Concise videos, the financial records of a small business, and "your turn" activities guide you through the three most commonly used financial statements: the Balance Sheet, the Income Statement, and the Statement of Cash Flows. Beyond recording transactions, you'll learn how to prepare these financial statements, and read and analyze them to draw basic conclusions about a company's financial health. By the end of this course, you will be able to: - Use journal entries to record transactions - Prepare and use t-accounts to summarize transactions recorded during an accounting period - Describe the three most commonly used financial statements and how they fit together - Prepare these financial statements based on transactions recorded during an accounting period - Draw basic conclusions about a company's financial health

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Rating 4.8 based on 374 ratings
Length 6 weeks
Effort 5 weeks of study, 2-3 hours/week
Starts Jun 26 (44 weeks ago)
Cost $79
From University of Virginia via Coursera
Instructor Luann J. Lynch
Download Videos On all desktop and mobile devices
Language English
Subjects Business
Tags Business Business Essentials Finance

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What people are saying

financial accounting

I have already taken several Intro to Financial Accounting courses online elsewhere and NONE of the instructors have done even half of the job that she does.

Excellent learning from coursera financial accounting An amazing course with simple tutorials that promote great understanding of concepts.

really helpful Overall good but questions are repeatative Very Helpful to learn Financial Accounting super adipowli.... enjoying so far so good Nice This Great!!

one responds to the questions asked in the discussion forum One of the Best course on Financial Accounting.

Professor Lynch teaches the core concepts of financial accounting in a very easy-to-understand way.

I definitely recommend the course to students who want to learn the fundamentals of financial accounting!

this is the best course to person who not know the basic of accounting and you will get the perfect level of financial accounting !

Very good for basic knowledge about financial accounting.

It was a really nice course for learning the basics of Financial Accounting.

Professor Lynch takes what can be an intimidating topic, financial accounting, and turns it into something approachable and actually enjoyable!

The course is a very good overview of Financial accounting.

But overall a great intro to financial accounting.

I recommend it to anyone who needs an introduction to financial accounting!

very good This course is the most comprehensive and the best practical course in getting stared with fundamental of financial accounting that I have even taken.

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easy to understand

Very Good Course For Non Finance Guys understanding financial accounting fundamentals Easy to understand and broken up in easily digestible content.

Excellent Superb thank you for all this really it was so helpfull Great and easy to understand This is an amazing accounting course for everyone.

Best accounting class I have found so far Very helpful, easy to understand.

It’s very interesting, useful, and easy to understand.

The Instructor was very professional and easy to understand.

it a good course to learn basics The lecture laid out information in easy to understand mode? It was an amazing course to start with as it includes and briefs about all the fundamentals of accounting!

Excellent class great professor, everything is precise and easy to understand Luann was great!

Simple and easy to understand.

The information was good and explained in an easy to understand manner.

The Teacher is Wonderful and easy to understand!

Thank you for making it so enjoyable and simpler It was good and easy to understand Excellent introduction to accounting, especially USGAAP.

All explanations are clear and good explanations and material are useful Easy to understand and good balance about the theoretical and the practice parts.

it's a very good class, have a lot of examples, easy to understand.

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recommend this course

This is very good course to learn some financial Accounting basics , I will recommend this course for who ever wanted to learn financial accounting The material was enough to take one from basics to the advanced level of accounting.

I highly recommend this course to newbies.

I recommend this course to all beginners in understanding accounting , this course completely put you into your first step of the world of financial accounting , and professor luann is really amazing This course is for everyone who does not have any prior knowledge in accounting and for everyone who would like check knowledge.

I recommend this course highly.

I highly recommend this course.

This Course is one of the best I have passed in coursera, lot of fun, enjoyable, and have a lot of learning material and practice examples, I totally recommend this course to any young professional who aims to either start up a business or to take up a managerial position.

I highly recommend this course for those that would like to learn about accounting.

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highly recommend

Highly recommended!

Excellent course Great intro class, good basis for collegiate classes in this field, Highly recommended for every students intended to be accountan in future.

I highly recommend it.

I really enjoyed this course and learned a lot- highly recommended!

Would highly recommend.

I highly recommend the course, many thanks to Mrs Lynch for making accounting an easy topic to digest.

Enjoyed each lesson and highly recommend to anyone.

It is unimaginable to grasp accounting basics that easy , it is highly recommended for understanding financial accounting foundation.

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cash flow

The indirect cash flow method was not explained well.

I learned a lot in accounting and how to read financial, cash flow statement.

This course was really helpful and learned financial statement journal entry income statement cash flow but i need more practice to learn the accounting on a proper way a bit dry with some of the week 4/5 work, but Cash Flow statement creation is just that.

Such as cash flow statement transaction was a little bit complicated to understand.

Great lecturer I learned a lot specially on Cash Flow which I had difficultyThanks A very good course with good practice examples!

Ella te lleva paso a paso desde no saber ni un solo concepto, a dominar un Estado de resultados (Income statement) , un Balance general (Balance Sheet), y Estado de flujo de efectivo (Cash flow statement).

This course provides the basics of financial accounting--the accounting cycle framework and the details and implications of the three financial statements--balance sheet, income statement, statement of cash flows--and their relationships with each other.

I love this course he is so useful and very helpful so useful and simple The Financial Accounting Fundaments course was very informative and very useful for me to understand all the concepts related to Financial accounting including Income statement, balance sheet, cash flow statements etc.

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fundamentals of accounting

Recommended A great course to learn the fundamentals of accounting!

really helpful course amazing courses Was very helpful in learning the Fundamentals of Accounting and helping my career position in Finance!

This class laid down the fundamentals of accounting very well.

I wanted to understand the fundamentals of accounting, and, thanks to this course, I do now!

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financial statements

This course gives me a practical understanding of accounting principles and key financial statements, which is helpful for my work.

I can manage accounting for my startup and effectively read financial statements before investing.

Best course to learn Financial Statements Excellent way to learn accounting basics, best practices, jargon, and standards I have no clue about financial accounting till date; this is THE best course for any beginners Best accounting course I've ever taken out of what I saw in my college.

Great COurse A great course for finance beginners or managers who didn't study finance before and in need to understanding financial statements and the accounting cycle Yes, I feel that I accomplished most of my goals: to learn about financial statements and analyze it.

It began with recording a single journal entry, then following to prepare financial statements.

After this course, I feel more confident to read actual corporates financial statements in stock market, knowing what's goinig on behind the scenes and better understand the business.

Short and complete coverage on key aspects of financial statements.

You would surprise how well you could understand financial statements after this course.

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so much

Thank you so much.

amazing teacher It was a great course and I learned so much!

But overall, I am very happy to have learned so much about JE's, Balance Sheets, Income Statements and accounting as a whole.

Thank you so much for helping me...

Thank you so much for teaching these course The only reason this is not a perfect rating, is based on the duration of the course.

A very good platform to improve skills Fantastic course, I learnt so much.

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professor lynch

Thanks, Professor Lynch!

very much the course material was very helpful and professor Lynch was going step by step to make sure everything was fully clear Really helpful and informative introduction to the world of Finance.

I liked Professor Lynch's way of teaching.

Professor Lynch explains each topic very clearly and it was a pleasure going through the material.

Professor Lynch is knowledgeable about the topics and explains thoroughly and directly the concepts that are vital to understand the course.

Outstanding teaching by Professor Lynch Very Well done, with the right level of requrirements GREAT course....enjoyed the material even though it is not a easy subject for me to get quickly...I did receive tools that I can use in the future

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very informative

It was a very informative and interesting course Certainly a great refresher for reporting and fundamentals.

I found this course very informative and a good refresher for anyone that completed accounting courses many years ago.

The UVA professor was very informative in a way that made the financial information relatable and easier to understand.

The course was very informative and the instructor made everything seem very easy.

Very informative and teaching method made it very easy to grasp concepts learning season The course is intelligible.

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professor luann

I would rate the performance of Professor Luann J. Lynch as excellent; she has definitely made me quite easy, a first approach to accounting.Thanks to the University of Virginia and congratulations on this course.

Thanks to Professor Luann and all the mentors that did a fantastic job putting the content together!

In general, I want to thank Professor Luann and all involved in this course.

The professor Luann is vey engaging extensive, and in simple language.

I enjoy the subject matter, and Professor Luann and her team really brought it to life.

Professor Luann made some excellent clarifications about GAAP and when income is realized (on delivery, as opposed to when the contract is signed).

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great job

The instructor does a great job explaining the material and I would expect any lessons taught by her to be as exceptional!

Luann did a great job making this course practical, engaging, and informative.

A great course..Prof. lynch did more than a great job to present the material in a simple enjoyable way.

She does a great job of breaking things down to make everything understandable, and then tying it all together to make the entire concept cohesive.

The lecturer has a great experiences of how to illustrate those topics in financial accounting well excellent instructor, very pleased, thank you Important course to learn about accounting and analysis, I recommend it everyone want to learn it The professor does a great job of explaining everything and provides numerous examples to help you gain a better understanding of the material.

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Careers

An overview of related careers and their average salaries in the US. Bars indicate income percentile.

Personal Financial Representative 3 $38k

QA Specialist, Statements & Payments $54k

Grants Financial Analyst $54k

Financial Marketing Advisor $71k

Accountant/CPA, Financial $74k

Financial System Administrator $79k

Financial and Business Analyst $79k

Trade Financial Analyst $81k

Financial Analyst Manager 4 $90k

Financial Information Systems $92k

Financial Analyst Financial Reporting Manager $104k

Senior Financial Analyst, Financial Planning $119k

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Rating 4.8 based on 374 ratings
Length 6 weeks
Effort 5 weeks of study, 2-3 hours/week
Starts Jun 26 (44 weeks ago)
Cost $79
From University of Virginia via Coursera
Instructor Luann J. Lynch
Download Videos On all desktop and mobile devices
Language English
Subjects Business
Tags Business Business Essentials Finance

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