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Financial Accounting

Foundations

This course is part of a Specialization (series of courses) called Financial Management.

In this course, you will learn foundations of financial accounting information. You will start your journey with a general overview of what financial accounting information is and the main financial statements. You will then learn how to code financial transactions in financial accounting language. In the meantime, you will learn about the most important concept in contemporary financial accounting: accrual accounting. You will then critically analyze how firms recognize revenues. Finally, you will finish the course with an analysis of accounting for short-term assets where you will go into detail on how firms account for accounts receivables and inventories. Upon successful completion of this course, you will be able to: • Understand main financial statements and the financial information they provide • Write a financial transaction in financial accounting language and understand how this impacts main financial statements • Understand how accrual accounting and fundamental accounting concepts work • Understand revenue recognition principles and how they impact main financial statements • Account for accounts receivables and inventories. This course is part of the iMBA offered by the University of Illinois, a flexible, fully-accredited online MBA at an incredibly competitive price. For more information, please see the Resource page in this course and onlinemba.illinois.edu.

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Coursera

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University of Illinois at Urbana-Champaign

Rating 4.6 based on 154 ratings
Length 5 weeks
Effort 4 weeks of study, 4-6 hours/week
Starts Jan 14 (last week)
Cost $79
From University of Illinois at Urbana-Champaign via Coursera
Instructor Oktay Urcan
Download Videos On all desktop and mobile devices
Language English
Subjects Business
Tags Business Finance

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What people are saying

We analyzed reviews for this course to surface learners' thoughts about it

financial accounting in 13 reviews

Clearly laid out and taught concise and excellent, do give me a vivid impression to financial accounting.

Great course to help understand financial accounting.

Great Financial Accounting course for beginners.

For the first time in three courses on Financial Accounting I understand the financial statements.

This course covers all basic aspects of financial accounting.

An excellent choice for everyone who wants to understand the basics of Financial Accounting.

I think it is easy to make it sense of basic knowledge of financial accounting.It's good point that actual companies data is used in this course.

It is a good start to pick up Financial Accounting Basic by watching each videos and work on the quizzes.

very helpful in 5 reviews

very helpful Great service.

Very helpful T very good The Course is very practical.

This Course is very Helpful for beginners who are not from Financial field but are very keen to learn finance.

language accent difficult to fallow Very helpful!

recommend this course in 4 reviews

wonderful experience Even as a student majoring in Finance, I would like to recommend this course to those who wants to get a basic idea of accounting and finance!

I enjoyed the practice quizzes after each instructional video and will recommend this course to friends.

Overall, I think this course is low quality, and I would not recommend this course.

I totally recommend this course.

financial statements in 4 reviews

Instructor provides material in a concise and easy to understand manner and real world examples are given as well via financial statements.

Very interesting for starting in finance accounting Great class as an introduction to financial statements!

The course very much helped, I knew some basic stuff but the content has greatly helped me to understand the foundations of the main financial statements (balance sheet, income statement and cash flow statement).

liked it in 4 reviews

was unexpected and awsome i liked it and i found alot of useful information I enjoyed this course.

liked it.

Would have liked it more if the approach was a little bit more systematic.

I liked it a lot.

easy to follow in 3 reviews

nice and easy to follow , 4 stars just for the instructor's hard accent LOVED THE COURSE.

Very helpful and easy to follow.

Very well organized and easy to follow good course Great instructor.

Careers

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

Financial Accounting Representative $37k

Financial Accounting Professional $38k

Financial Accounting Analyst 4 $48k

Accounting & Financial Analyst 1 $52k

Financial Accounting Advisor $57k

Financial Accounting Clerk 2 $61k

Financial Accounting Clerk $62k

Accounting / Financial Analyst $63k

Financial Accounting and Reporting $66k

Financial / Accounting Analyst $68k

Financial Accounting - Accountant $71k

Accounting & Financial Reporting $95k

Reviews

Sorted by most helpful reviews first

Guest says:

A very good course. I took some accounting classes many years ago and needed a refresh for a new job. The professor has a very good approach to teaching that makes it easy to understand the principles. The quizzes and modules strengthened my understanding. If you're very serious about accounting, I recommend taking the entire specialization. It's worth the time and definitely worth the money.

Guest says:

Professor Urcan is an excellent teacher. This course is perfect if you need to build a strong foundation to accounting. I have taken accounting courses before and very few others make these topics which can be very dry at times so engaging. The only thing I would say is that the professor does have somewhat of a strong accent, so if English is not your first language - it is not mine- it can be a little difficult sometimes. Otherwise a great introduction!

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Coursera

&

University of Illinois at Urbana-Champaign

Rating 4.6 based on 154 ratings
Length 5 weeks
Effort 4 weeks of study, 4-6 hours/week
Starts Jan 14 (last week)
Cost $79
From University of Illinois at Urbana-Champaign via Coursera
Instructor Oktay Urcan
Download Videos On all desktop and mobile devices
Language English
Subjects Business
Tags Business Finance