About this course: This course will teach you the tools you'll need to understand the fundamentals of financial accounting. Concise videos, the financial records of a small business, and "your turn" activities guide you through the three most commonly used financial statements: the Balance Sheet, the Income Statement, and the Statement of Cash Flows. Beyond recording transactions, you'll learn how to prepare these financial statements, and read and analyze them to draw basic conclusions about a company's financial health. By the end of this course, you will be able to: - Use journal entries to record transactions; - Prepare and use t-accounts to summarize transactions recorded during an accounting period; - Describe the three most commonly used financial statements and how they fit together; - Prepare these financial statements based on transactions recorded during an accounting period; and - Draw basic conclusions about a company's financial health.
Who is this class for: This course is beginner level; it does not require any prior experience with accounting. It is designed for anyone with an interest in the fundamentals of financial accounting.
Taught by: Luann J. Lynch, Almand R. Coleman Professor of Business Administration
Darden School of Business
| Level | Beginner |
| Commitment | 5 weeks of study, 1-3 hours/week |
| Language | English |
| Hardware Req | N/A |
| How To Pass | Pass all graded assignments to complete the course. |
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| Audit | Purchase Course | |
|---|---|---|
| Access to course materials | Available | Available |
| Access to graded materials | Not available | Available |
| Receive a final grade | Not available | Available |
| Earn a shareable Course Certificate | Not available | Available |
this is the best course to person who not know the basic of accounting and you will get the perfect level of financial accounting ! take it
I'm loving it. This course is very good and interesting and the tutor is really great.
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I think this is definitely a great accounting course to get a flavor of the subject matter. Instead of jumping directly into the numbers aspect, Luanne focuses on explaining the implications of the subject at hand first. This method is better for people who want to really understand the what the real world applications of terms like Balance sheet equations etc.