À propos de ce cours : 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

Les destinataires de ce cours : This class is designed for those of you who have basic knowledge about financial statements and main accounts. This class builds upon this initial background and introduces you to formal foundations of financial accounting. In addition, this class provides an in-depth exploration of formal relationships among accounts and how financial statements are constructed from accounts.

Créé par : University of Illinois at Urbana-Champaign

Enseigné par : Oktay Urcan, Associate Professor of Accountancy
Department of Accountancy, College of Business

Niveau	Intermédiaire
Engagement	3-5 hours/week
Langue	English
Comment réussir	Réussissez tous les devoirs notés pour terminer le cours.
Notes des utilisateurs	4.6 étoiles Note moyenne des utilisateurs 4.6Voir ce que disent les étudiants

Programme de cours

SEMAINE 1

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 vidéo, 4 lectures, 1 quiz pour s'exercer

Reading: Syllabus
Reading: About the Discussion Forums
Practice Quiz: Orientation Quiz
Reading: Update Your Profile
Discussion Prompt: Get to Know Your Classmates
Reading: Build a Learning Community with Social Media

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.

4 vidéos, 1 lecture, 3 quiz pour s'exercer

Reading: Module 1 Overview
Vidéo: Lesson 1.1: Transaction and Transaction Worksheet
Practice Quiz: Lesson 1.1 Knowledge Check
Vidéo: Lesson 1.2: T-Accounts, Debit, and Credit
Practice Quiz: Lesson 1.2 Knowledge Check
Vidéo: Lesson 1.3: Journal Entry, Ledger, Trial Balance
Practice Quiz: Lesson 1.3 Knowledge Check

Noté: Module 1 Graded Quiz

SEMAINE 2

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.

4 vidéos, 2 lectures, 3 quiz pour s'exercer

Reading: Module 2 Overview
Vidéo: Lesson 2.1: Accounts Receivables
Practice Quiz: Lesson 2.1 Knowledge Check
Vidéo: Lesson 2.2: Inventories
Practice Quiz: Lesson 2.2 Knowledge Check
Vidéo: Lesson 2.3: Plant, Property, and Equipment (PPE)
Practice Quiz: Lesson 2.3 Knowledge Check
Reading: Additional Resources

Noté: Module 2 Graded Quiz

SEMAINE 3

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.

4 vidéos, 1 lecture, 3 quiz pour s'exercer

Reading: Module 3 Overview
Vidéo: Lesson 3.1: Short-Term Liabilities
Practice Quiz: Lesson 3.1 Knowledge Check
Vidéo: Lesson 3.2: Long-Term Liabilities
Practice Quiz: Lesson 3.2 Knowledge Check
Vidéo: Lesson 3.3: Shareholders’ Equity
Practice Quiz: Lesson 3.3 Knowledge Check

Noté: Module 3 Graded Quiz

SEMAINE 4

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.

2 vidéos, 1 lecture

Reading: Module 4 Overview
Vidéo: Module 4 Application Example

Noté: Module 4 Graded Quiz

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Coursework

Each course is like an interactive textbook, featuring pre-recorded videos, quizzes and projects.

Help from Your Peers

Connect with thousands of other learners and debate ideas, discuss course material, and get help mastering concepts.

Certificates

Earn official recognition for your work, and share your success with friends, colleagues, and employers.

Créateurs

University of Illinois at 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.

Tarification

	Acheter le cours
Accéder au contenu du cours	Disponible
Accéder au contenu noté	Disponible
Recevoir une Note Finale	Disponible
Obtenir un Certificat de Cours partageable	Disponible

Notation et examens

Note moyenne 4.6 sur 5 sur 35 notes

Very valuable course

The structure of the three accounting courses was PHENOMENAL. Did a great job organizing course material so that I was not overwhelmed by too much information at once. The exercises were also excellent. Professor Urcan was wonderful. Cannot recommend highly enough.