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.
Formal Financial Accounting
Offert par
Formal Financial Accounting
Université de l'Illinois à Urbana-Champaign
À propos de ce cours
31,527 consultations récentes
Certificat partageable
Obtenez un Certificat lorsque vous terminez
100 % en ligne
Commencez dès maintenant et apprenez aux horaires qui vous conviennent.
Dates limites flexibles
Réinitialisez les dates limites selon votre disponibilité.
Niveau intermédiaire
Approx. 8 heures pour terminer
Recommandé : 3-5 hours/week
Anglais
Sous-titres : Anglais, Arabe
Programme du cours : ce que vous apprendrez dans ce cours
1 heure pour terminer
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 heure pour terminer
1 vidéo (Total 2 min), 4 lectures, 1 quiz
1 vidéo
4 lectures
Syllabus10 min
About the Discussion Forums10 min
Update Your Profile10 min
Build a Learning Community with Social Media10 min
1 exercice pour s'entraîner
Orientation Quiz10 min
1 heure pour terminer
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 heure pour terminer
4 vidéos (Total 19 min), 1 lecture, 4 quiz
4 vidéos
Lesson 1.1: Transaction and Transaction Worksheet4 min
Lesson 1.2: T-Accounts, Debit, and Credit7 min
Lesson 1.3: Journal Entry, Ledger, Trial Balance6 min
1 lecture
Module 1 Overview10 min
4 exercices pour s'entraîner
Lesson 1.1 Knowledge Check12 min
Lesson 1.2 Knowledge Check12 min
Lesson 1.3 Knowledge Check8 min
Module 1 Graded Quiz20 min
2 heures pour terminer
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 heures pour terminer
4 vidéos (Total 24 min), 2 lectures, 4 quiz
4 vidéos
Lesson 2.1: Accounts Receivables11 min
Lesson 2.2: Inventories4 min
Lesson 2.3: Plant, Property, and Equipment (PPE)7 min
2 lectures
Module 2 Overview10 min
Additional Resources10 min
4 exercices pour s'entraîner
Lesson 2.1 Knowledge Check14 min
Lesson 2.2 Knowledge Check10 min
Lesson 2.3 Knowledge Check10 min
Module 2 Graded Quiz20 min
1 heure pour terminer
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 heure pour terminer
4 vidéos (Total 19 min), 1 lecture, 4 quiz
4 vidéos
Lesson 3.1: Short-Term Liabilities6 min
Lesson 3.2: Long-Term Liabilities4 min
Lesson 3.3: Shareholders’ Equity7 min
1 lecture
Module 3 Overview10 min
4 exercices pour s'entraîner
Lesson 3.1 Knowledge Check10 min
Lesson 3.2 Knowledge Check10 min
Lesson 3.3 Knowledge Check10 min
Module 3 Graded Quiz20 min
1 heure pour terminer
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 heure pour terminer
2 vidéos (Total 15 min), 1 lecture, 1 quiz
1 lecture
Module 4 Overview10 min
1 exercice pour s'entraîner
Module 4 Graded Quiz38 min
Avis
4.7
Meilleurs avis pour FORMAL FINANCIAL ACCOUNTING
par AHDec 8, 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 .
par JOFeb 13, 2020
I recommend this course for non-accounting people, who want to learn and start to know accounting. If you make the exercises and examples you can learn a lot.
par JNFeb 9, 2018
Absolutely loved this course! It was a great compliment to the two other accounting classes I have taken
par LWApr 22, 2018
great course- learned a LOT and actually understand what I'm learning!
par ASDec 27, 2018
it is an amazing course full of much useful information
À propos de Université de l'Illinois à 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.
Foire Aux Questions
Quand aurai-je accès aux vidéos de cours et aux devoirs ?
Une fois que vous êtes inscrit(e) pour un Certificat, vous pouvez accéder à toutes les vidéos de cours, et à tous les quiz et exercices de programmation (le cas échéant). Vous pouvez soumettre des devoirs à examiner par vos pairs et en examiner vous-même uniquement après le début de votre session. Si vous préférez explorer le cours sans l'acheter, vous ne serez peut-être pas en mesure d'accéder à certains devoirs.
À quoi ai-je droit si j'achète le Certificat ?
Lorsque vous achetez un Certificat, vous bénéficiez d'un accès à tout le contenu du cours, y compris les devoirs notés. Lorsque vous avez terminé et réussi le cours, votre Certificat électronique est ajouté à votre page Accomplissements. À partir de cette page, vous pouvez imprimer votre Certificat ou l'ajouter à votre profil LinkedIn. Si vous souhaitez seulement lire et visualiser le contenu du cours, vous pouvez accéder gratuitement au cours en tant qu'auditeur libre.
Quelle est la politique de remboursement ?
Une aide financière est-elle possible ?
D'autres questions ? Visitez le Centre d'Aide pour les Etudiants.
