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.
ofrecido por
Formal Financial Accounting
Universidad de Illinois en Urbana-ChampaignAcerca de este Curso
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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. 6 horas para completar
Inglés (English)
Subtítulos: Inglés (English), Árabe (Arabic)
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. 6 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
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
4 lecturas
Syllabus10m
About the Discussion Forums10m
Update Your Profile10m
Build a Learning Community with Social Media10m
1 ejercicio de práctica
Orientation Quiz10m
1 hora 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.
1 hora para completar
4 videos (Total 19 minutos), 1 lectura, 4 cuestionarios
4 videos
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 Check12m
Lesson 1.2 Knowledge Check12m
Lesson 1.3 Knowledge Check8m
Module 1 Graded Quiz20m
2 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.
2 horas para completar
4 videos (Total 24 minutos), 2 lecturas, 4 cuestionarios
4 videos
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 Check14m
Lesson 2.2 Knowledge Check10m
Lesson 2.3 Knowledge Check10m
Module 2 Graded Quiz20m
1 hora 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.
1 hora para completar
4 videos (Total 19 minutos), 1 lectura, 4 cuestionarios
4 videos
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 Check10m
Lesson 3.2 Knowledge Check10m
Lesson 3.3 Knowledge Check10m
Module 3 Graded Quiz20m
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
1 lectura
Module 4 Overview10m
1 ejercicio de práctica
Module 4 Graded Quiz38m
Revisiones
Principales revisiones sobre FORMAL FINANCIAL ACCOUNTING
por AH8 de dic. de 2017
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 .
por SS13 de may. de 2020
Great teaching technique. Build from a simple example and then add more complicated situations. No nonsense straight forward course. Highly recommended.
por NJ25 de may. de 2020
Its a good course overall. Especially for those who had Science stream in their high school and have taken Finance in their Undergrad
por YZ24 de abr. de 2020
It's a good course if you took previously 2 courses "Financial Accounting Fundamentals and Financial AccountingAdvanced Topics".
Preguntas Frecuentes
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The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.
What will I get if I purchase the Certificate?
When you purchase a Certificate you get access to all course materials, including graded assignments. Upon completing the course, your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.
What is the refund policy?
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