Acerca de este curso: 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

Para quién es esta clase: 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.

Creada por: University of Illinois at Urbana-Champaign

Enseñado por: Oktay Urcan, Associate Professor of Accountancy
Department of Accountancy, College of Business

Nivel	Intermedio
Compromiso	3-5 hours/week
Idioma	English
Cómo aprobar	Aprueba todas las tareas calificadas para completar el curso.
Calificaciones del usuario	4.6 estrellas Calificación promedio del usuario 4.6Ve los que los estudiantes dijeron

Programa

SEMANA 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 video, 4 lecturas, 1 cuestionario de práctica

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 videos, 1 lectura, 3 cuestionarios de práctica

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

Calificado: Module 1 Graded Quiz

SEMANA 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 videos, 2 lecturas, 3 cuestionarios de práctica

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

Calificado: Module 2 Graded Quiz

SEMANA 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 videos, 1 lectura, 3 cuestionarios de práctica

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

Calificado: Module 3 Graded Quiz

SEMANA 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 videos, 1 lectura

Reading: Module 4 Overview
Vídeo: Module 4 Application Example

Calificado: Module 4 Graded Quiz

Preguntas Frecuentes

¿Cuándo podré acceder a las lecciones y tareas?

¿Qué sucede si necesito más tiempo para completar el curso?

¿Qué recibiré si pago este curso?

¿Puedo tomar este curso de manera gratuita?

¿Cuál es la política de reembolsos?

¿Hay ayuda económica disponible?

Cómo funciona

Coursework

Each course is like an interactive textbook, featuring pre-recorded videos, quizzes and projects.

Help from Your Peers

Connect with thousands of other learners and debate ideas, discuss course material, and get help mastering concepts.

Certificates

Earn official recognition for your work, and share your success with friends, colleagues, and employers.

Creadores

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.

Tarifa

	Comprar curso
Accede a los materiales del curso	Disponible
Accede a los materiales con calificación	Disponible
Recibe una calificación final	Disponible
Obtén un Certificado de curso para compartir	Disponible

Calificaciones y revisiones

Calificado 4.6 de 5 36 calificaciones

Very valuable course

The structure of the three accounting courses was PHENOMENAL. Did a great job organizing course material so that I was not overwhelmed by too much information at once. The exercises were also excellent. Professor Urcan was wonderful. Cannot recommend highly enough.