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Formal Financial Accounting

This course builds upon what you learned in Financial Accounting: Foundations and Financial Accounting: Advanced Topics and introduces you to formal foundations of financial accounting. The main purpose of the course is to familiarize you with technical terms in financial accounting, such as debit, credit and T-account. While knowledge on technical aspects of financial accounting is not necessary to understand and interpret financial statements, this knowledge is critical to be able to understand advanced topics in accounting. Formal Financial Accounting is a prerequisite course for the University of Illinois' iMSA program and the terminology we will cover will be used throughout the courses in iMSA program.

The University of Illinois at Urbana-Champaign, consistently ranked as one of the nation's top three accounting programs, now offers a master’s in accounting at a very affordable tuition rate and is completely online. The iMSA is a full Master of Accountancy program and students graduate with a highly recognized master degree. Try an open course or two, then apply for admission into the credit-bearing version, as you may be eligible to take credit-bearing courses during the application process. If you are missing any prerequisites for the full degree, you can complete Coursera courses to demonstrate readiness and strengthen your application for the iMSA. For more information on this exciting online master's in accounting program, refer to this link: https://www.coursera.org/university-programs/imsa 

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Coursera

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University of Illinois at Urbana-Champaign

Rating 4.1 based on 7 ratings
Length 5 weeks
Effort 3-5 hours/week
Starts Dec 3 (last week)
Cost $79
From University of Illinois at Urbana-Champaign via Coursera
Instructor Oktay Urcan
Free Limited Content
Language English
Subjects Business
Tags Business Business Essentials

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What people are saying

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

certainly important terminology in one review

The course gave many useful examples of the proper use of "debit" and "credit".However, spreading this out over 4 weeks felt a little thin.I think this certainly important terminology could have been covered as part of a more comprehensive course.I found Introductory and Advanced Financial Accounting more helpful.

comprehensive course.i found in one review

last grade exam in one review

It does help you understanding better the concepts of financial accounting as a whole and the last grade exam, on Module 4, challenges you in a very effective way to put everything into practice.

little thin.i think in one review

it does help in one review

actually understand what in one review

great course- learned a LOT and actually understand what I'm learning!

Careers

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

Accounting/Financial Technician $47k

Financial Accounting Specialist $53k

Financial Accounting Analyst 3 $56k

Accounting/Financial Analyst $58k

Financial Accounting Analyst $58k

Financial/Accounting Advisor $58k

Analyst, Financial Accounting $66k

Accounting Financial Analyst $74k

Financial Accounting $77k

Financial Accounting Manager $91k

Senior Financial Accounting $94k

Supervisor Financial Accounting $96k

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Coursera

&

University of Illinois at Urbana-Champaign

Rating 4.1 based on 7 ratings
Length 5 weeks
Effort 3-5 hours/week
Starts Dec 3 (last week)
Cost $79
From University of Illinois at Urbana-Champaign via Coursera
Instructor Oktay Urcan
Free Limited Content
Language English
Subjects Business
Tags Business Business Essentials