Об этом курсе: 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

Для кого этот курс: This class is designed for those of you who have basic knowledge about financial statements and main accounts. This class builds upon this initial background and introduces you to formal foundations of financial accounting. In addition, this class provides an in-depth exploration of formal relationships among accounts and how financial statements are constructed from accounts.

Автор: University of Illinois at Urbana-Champaign

Преподаватели: Oktay Urcan, Associate Professor of Accountancy
Department of Accountancy, College of Business

Уровень	Intermediate
Выполнение	3-5 hours/week
Язык	English
Как пройти курс	Чтобы пройти курс, выполните все оцениваемые задания.
Оценки пользователей	4.4 звезды Средняя оценка пользователей: 4.4Посмотрите, что пишут учащиеся

Программа курса

НЕДЕЛЯ 1

Course Orientation

In this module, you will become familiar with the course, your instructor, your classmates, and your learning environment. This orientation will also help you obtain the technical skills required to navigate and be successful in this course.

1 видео, 4 материалов для самостоятельного изучения, 1 practice quiz

Видео: Welcome by Professor Urcan
Reading: Syllabus
Reading: About the Discussion Forums
Practice Quiz: Orientation Quiz
Reading: Update Your Profile
Discussion Prompt: Get to Know Your Classmates
Reading: Build a Learning Community with Social Media

Module 1: Introduction to Financial Accounting Terminology

Accounting is the language of business. Managers communicate results of operations within a firm through accounting to various financial information users including investors and creditors. The main purpose of this module is to familiarize you with technical terms in financial accounting such as debit, credit, and T-account.

4 видео, 1 материал для самостоятельного изучения, 3 practice quizzes

Reading: Module 1 Overview
Видео: Lesson 1.0: Module 1 Introduction
Видео: Lesson 1.1: Transaction and Transaction Worksheet
Practice Quiz: Lesson 1.1 Knowledge Check
Видео: Lesson 1.2: T-Accounts, Debit, and Credit
Practice Quiz: Lesson 1.2 Knowledge Check
Видео: Lesson 1.3: Journal Entry, Ledger, Trial Balance
Practice Quiz: Lesson 1.3 Knowledge Check

Оцениваемый: Module 1 Graded Quiz

НЕДЕЛЯ 2

Module 2: Formal Financial Accounting for Assets

One of the major components of a balance sheet is assets. Accounts receivables, inventories, and plant, property, and equipment constitute a major part of the assets. Understanding accounting for these accounts will help you uncover how these accounts change over time, their valuation, and their usefulness in managerial decision making.

4 видео, 2 материалов для самостоятельного изучения, 3 practice quizzes

Reading: Module 2 Overview
Видео: Lesson 2.0: Module 2 Introduction
Видео: Lesson 2.1: Accounts Receivables
Practice Quiz: Lesson 2.1 Knowledge Check
Видео: Lesson 2.2: Inventories
Practice Quiz: Lesson 2.2 Knowledge Check
Видео: Lesson 2.3: Plant, Property, and Equipment (PPE)
Practice Quiz: Lesson 2.3 Knowledge Check
Reading: Additional Resources

Оцениваемый: Module 2 Graded Quiz

НЕДЕЛЯ 3

Module 3: Formal Financial Accounting for Liabilities and Shareholders’ Equity

The major sources of financing for many firms are liabilities and equity. Firms routinely finance their operations through various liabilities including accounts payables, bank loans, and bonds. They also raise funds from their investors through IPOs and SEOs. Finally, retained earnings (earnings earned but not distributed to investors) constitute a significant source of financing. Accounting for liabilities and shareholders’ equity will help you understand how formal financial accounting for liabilities and shareholders’ equity accounts are conducted.

4 видео, 1 материал для самостоятельного изучения, 3 practice quizzes

Reading: Module 3 Overview
Видео: Lesson 3.0: Module Introduction
Видео: Lesson 3.1: Short-Term Liabilities
Practice Quiz: Lesson 3.1 Knowledge Check
Видео: Lesson 3.2: Long-Term Liabilities
Practice Quiz: Lesson 3.2 Knowledge Check
Видео: Lesson 3.3: Shareholders’ Equity
Practice Quiz: Lesson 3.3 Knowledge Check

Оцениваемый: Module 3 Graded Quiz

НЕДЕЛЯ 4

Module 4: Applications of Formal Financial Accounting

The accounting cycle starts with financial transactions, and continues with journalizing these transactions and posting the journal entries on the ledger. At the end of the year, the trial balance is prepared. The final step is to prepare financial statements from trial balance numbers. This module will go over a comprehensive exercise, which will track the accounting cycle of a firm from its establishment until its fiscal year-end financial statements.

2 видео, 1 материал для самостоятельного изучения

Reading: Module 4 Overview
Видео: Lesson 4.0: Module 4 Introduction
Видео: Module 4 Application Example

Оцениваемый: Module 4 Graded Quiz

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Как это работает

Coursework

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Авторы

University of Illinois at Urbana-Champaign

The University of Illinois at Urbana-Champaign is a world leader in research, teaching and public engagement, distinguished by the breadth of its programs, broad academic excellence, and internationally renowned faculty and alumni. Illinois serves the world by creating knowledge, preparing students for lives of impact, and finding solutions to critical societal needs.

Стоимость

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Earn a shareable Course Certificate	Доступен

Рейтинги и отзывы

Оценка 4.4 из 5 по 17 отзывам

Absolutely loved this course! It was a great compliment to the two other accounting classes I have taken

Very interesting to get yourself into this Formal Financial Accounting as a deeper analysis into the financial modules, Debit, Credit, Journal Entries and Ledgers. 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. Thanks!

The lectures are great and easy to understand, and the examples are well explained and easy to follow. The professor explains the material in a very understandable way .