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.
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Formal Financial Accounting
Université de l'Illinois à Urbana-ChampaignÀ propos de ce cours
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Certificat partageable
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100 % en ligne
Commencez dès maintenant et apprenez aux horaires qui vous conviennent.
Niveau intermédiaire
Approx. 10Â heures pour terminer
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Sous-titres : Arabe, Français, Portugais (européen), Russe, Anglais, Espagnol
Dates limites flexibles
Réinitialisez les dates limites selon votre disponibilité.
Certificat partageable
Obtenez un Certificat lorsque vous terminez
100 % en ligne
Commencez dès maintenant et apprenez aux horaires qui vous conviennent.
Niveau intermédiaire
Approx. 10Â heures pour terminer
Anglais
Sous-titres : Arabe, Français, Portugais (européen), Russe, Anglais, Espagnol
Offert par
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.
Programme de cours : ce que vous apprendrez dans ce cours
2Â heures 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.
2Â heures pour terminer
2 vidéos (Total 2 min), 5 lectures, 1 quiz
2Â heures 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.
2Â heures pour terminer
4 vidéos (Total 19 min), 1 lecture, 4 quiz
3Â 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.
3Â heures pour terminer
4 vidéos (Total 24 min), 2 lectures, 4 quiz
2Â heures 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.
2Â heures pour terminer
4 vidéos (Total 19 min), 1 lecture, 4 quiz
1Â 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.
1Â heure pour terminer
2 vidéos (Total 15 min), 2 lectures, 1 quiz
Avis
- 5 stars81,60Â %
- 4 stars14,24Â %
- 3 stars2,07Â %
- 2 stars1,48Â %
- 1 star0,59Â %
Meilleurs avis pour FORMAL FINANCIAL ACCOUNTING
par JO13 févr. 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 AA9 avr. 2021
wonderful course, I have learned the double entry in this course and understood it perfectly.
par NJ25 mai 2020
Its a good course overall. Especially for those who had Science stream in their high school and have taken Finance in their Undergrad
par JG6 juil. 2020
Learn Very Interesting Financial Skills in Financial Sector. Thanks You.
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