Fundamentals of Accounting Specialization

Starts Oct 23

Fundamentals of Accounting Specialization

Accounting Basics for Managers and Entrepreneurs

Apply principles that underlie financial statements and facilitate business decisions and goals.

About This Specialization

Accounting is the “language of business.” Being able to understand this language allows individuals both inside and outside of an organization to join the “conversation” about how the organization is performing and how it can improve future performance. Financial accounting focuses on the reports that managers generate to provide interested external parties a summary of the firm’s financial position and operations. Managerial accounting focuses on the information and the analytical tools and techniques that help managers and employees make the right business decisions. In this Specialization, you will learn the fundamentals of both of these purposes of accounting. More specifically, you will understand the financial statements that managers create, and be able to interpret and analyze these statements to assess the financial position of the organization. You will also identify and understand the nature, purpose, and importance of different types of decision-useful accounting information, and use analytical tools and techniques to use this information to make business decisions. Via the capstone, you will apply these fundamentals via the lens of a new business, creating a business plan, forecasts and budgets, and anticipated information needs for decisions made by you as owner and manager, your employees, and external parties such as future shareholders, creditors, and other constituents.

Created by:

courses
5 courses

Follow the suggested order or choose your own.

projects
Projects

Designed to help you practice and apply the skills you learn.

certificates
Certificates

Highlight your new skills on your resume or LinkedIn.

Courses
Beginner Specialization.
No prior experience required.
  1. COURSE 1

    Understanding Financial Statements: Company Position

    Upcoming session: Oct 23
    Commitment
    4 weeks of study, 2-4 hours/week
    Subtitles
    English

    About the Course

    This course is designed to provide a basic understanding of financial statements with an emphasis on the balance sheet. However, to understand accounting driven financial statements, it is important to recognize that accounting is less about counting
  2. COURSE 2

    Understanding Financial Statements: Company Performance

    Upcoming session: Oct 23
    Commitment
    4 weeks of study, 2-4 hours/week
    Subtitles
    English

    About the Course

    This course is designed to provide a basic understanding of financial statements with an emphasis on the income statement. Building on the foundation formed in the first course, you will learn about the third of our three measurement questions and
  3. COURSE 3

    Accounting for Business Decision Making: Measurement and Operational Decisions

    Upcoming session: Oct 30
    Commitment
    4 weeks of study, 1-3 hours/week
    Subtitles
    English, Arabic

    About the Course

    Accounting information is the lifeblood of the organization as it facilitates and influences operational and strategic decisions intended to achieve organizational goals. Organizations benefit from three decision-oriented roles of acc
  4. COURSE 4

    Accounting for Business Decision Making: Strategy Assessment and Control

    Upcoming session: Oct 30
    Subtitles
    English

    About the Course

    Accounting information is the lifeblood of the organization, as it facilitates and influences operational and strategic decisions intended to achieve organizational goals. Organizations benefit from three decision-oriented roles of acc
  5. COURSE 5

    Fundamentals of Accounting Capstone

    Upcoming session: Dec 11
    Commitment
    6 weeks of study. 4-6 hours/week
    Subtitles
    English

    About the Capstone Project

    **You should complete all other courses in the Fundamentals of Accounting Specialization before beginning this course.** The capstone project will be set in the context of a realistic small-business enterprise, and will require you to think deeply and a

Creators

  • University of Illinois at Urbana-Champaign

    Founded in 1867, the University of Illinois at Urbana-Champaign pioneers innovative research that tackles global problems and expands the human experience.

    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.

  • Gary Hecht, Ph.D.

    Gary Hecht, Ph.D.

    Associate Professor of Accountancy
  • Kevin E. Jackson

    Kevin E. Jackson

    Associate Professor of Accountancy and PwC Faculty Fellow
  • Sharon P. Cox, Ph.D.

    Sharon P. Cox, Ph.D.

    Lecturer

FAQs

More questions? Visit the Learner Help Center.