Formal Financial Accounting

Universidad de Illinois en Urbana-Champaign

Acerca de este Curso

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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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Fechas límite flexibles

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Nivel intermedio

Aprox. 10 horas para completar

Inglés (English)

Subtítulos: Inglés (English), Árabe (Arabic)

Instructor

Calificación del instructor

4.72/5 (45 calificaciones)

Oktay Urcan

Associate Professor of Accountancy

Department of Accountancy, College of Business

93,526 alumnos

3 cursos

Certificado para compartir

Obtén un certificado al finalizar

100 % en línea

Comienza de inmediato y aprende a tu propio ritmo.

Fechas límite flexibles

Restablece las fechas límite en función de tus horarios.

Nivel intermedio

Aprox. 10 horas para completar

Inglés (English)

Subtítulos: Inglés (English), Árabe (Arabic)

ofrecido por

Universidad de Illinois en 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.

Programa - Qué aprenderás en este curso

Semana

Semana 1

1 hora para completar

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 hora para completar

1 video (Total 2 minutos), 4 lecturas, 1 cuestionario

1 video

Welcome by Professor Urcan1m

4 lecturas

Syllabus10m

About the Discussion Forums10m

Update Your Profile10m

Build a Learning Community with Social Media10m

1 ejercicio de práctica

Orientation Quiz30m

2 horas para completar

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.

2 horas para completar

4 videos (Total 19 minutos), 1 lectura, 4 cuestionarios

4 videos

Lesson 1.0: Module 1 Introduction1m

Lesson 1.1: Transaction and Transaction Worksheet4m

Lesson 1.2: T-Accounts, Debit, and Credit7m

Lesson 1.3: Journal Entry, Ledger, Trial Balance6m

1 lectura

Module 1 Overview10m

4 ejercicios de práctica

Lesson 1.1 Knowledge Check30m

Lesson 1.2 Knowledge Check30m

Lesson 1.3 Knowledge Check30m

Module 1 Graded Quiz30m

Semana

Semana 2

3 horas para completar

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.

3 horas para completar

4 videos (Total 24 minutos), 2 lecturas, 4 cuestionarios

4 videos

Lesson 2.0: Module 2 Introduction34s

Lesson 2.1: Accounts Receivables11m

Lesson 2.2: Inventories4m

Lesson 2.3: Plant, Property, and Equipment (PPE)7m

2 lecturas

Module 2 Overview10m

Additional Resources10m

4 ejercicios de práctica

Lesson 2.1 Knowledge Check30m

Lesson 2.2 Knowledge Check30m

Lesson 2.3 Knowledge Check30m

Module 2 Graded Quiz30m

Semana

Semana 3

2 horas para completar

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.

2 horas para completar

4 videos (Total 19 minutos), 1 lectura, 4 cuestionarios

4 videos

Lesson 3.0: Module Introduction32s

Lesson 3.1: Short-Term Liabilities6m

Lesson 3.2: Long-Term Liabilities4m

Lesson 3.3: Shareholders’ Equity7m

1 lectura

Module 3 Overview10m

4 ejercicios de práctica

Lesson 3.1 Knowledge Check30m

Lesson 3.2 Knowledge Check30m

Lesson 3.3 Knowledge Check30m

Module 3 Graded Quiz30m

Semana

Semana 4

1 hora para completar

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.

1 hora para completar

2 videos (Total 15 minutos), 1 lectura, 1 cuestionario

2 videos

Lesson 4.0: Module 4 Introduction48s

Module 4 Application Example14m

1 lectura

Module 4 Overview10m

1 ejercicio de práctica

Module 4 Graded Quiz30m

Preguntas Frecuentes

¿Cuándo podré acceder a las lecciones y tareas?
El acceso a las clases y las asignaciones depende del tipo de inscripción que tengas. Si tomas un curso en modo de oyente, verás la mayoría de los materiales del curso en forma gratuita. Para acceder a asignaciones calificadas y obtener un certificado, deberás comprar la experiencia de Certificado, ya sea durante o después de participar como oyente. Si no ves la opción de oyente:
es posible que el curso no ofrezca la opción de participar como oyente. En cambio, puedes intentar con una Prueba gratis o postularte para recibir ayuda económica.
Es posible que el curso ofrezca la opción 'Curso completo, sin certificado'. Esta opción te permite ver todos los materiales del curso, enviar las evaluaciones requeridas y obtener una calificación final. También significa que no podrás comprar una experiencia de Certificado.
¿Qué recibiré si compro el Certificado?
Cuando compras un Certificado, obtienes acceso a todos los materiales del curso, incluidas las tareas calificadas. Una vez que completes el curso, se añadirá tu Certificado electrónico a la página Logros. Desde allí, puedes imprimir tu Certificado o añadirlo a tu perfil de LinkedIn. Si solo quieres leer y visualizar el contenido del curso, puedes participar del curso como oyente sin costo.
Is financial aid available?
Sí, Coursera ofrece ayuda económica a los estudiantes que no pueden pagar la tarifa. Solicítala haciendo clic en el vínculo de Ayuda económica que está debajo del botón 'Inscribirse' a la izquierda. Se te pedirá que completes una solicitud y recibirás una notificación cuando se apruebe. Obtén más información.

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Formal Financial Accounting

Formal Financial Accounting