Disclosure: when you buy through links on our site, we may earn an affiliate commission.

Financial Accounting: Foundations

In this course, you will learn foundations of financial accounting information. You will start your journey with a general overview of what financial account...
4.7
4.7/5
(3,776 reviews)
93,774 students
Created by

8.9

CourseMarks Score®

N/A

Freshness

8.6

Feedback

8.7

Content

Platform: Coursera
Video: 4h 32m
Language: English

Table of contents

Description

In this course, you will learn foundations of financial accounting information. You will start your journey with a general overview of what financial accounting information is and the main financial statements. You will then learn how to code financial transactions in financial accounting language. In the meantime, you will learn about the most important concept in contemporary financial accounting: accrual accounting. You will then critically analyze how firms recognize revenues. Finally, you will finish the course with an analysis of accounting for short-term assets where you will go into detail on how firms account for accounts receivables and inventories.

Upon successful completion of this course, you will be able to:

• Understand main financial statements and the financial information they provide
• Write a financial transaction in financial accounting language and understand how this impacts main financial statements
• Understand how accrual accounting and fundamental accounting concepts work
• Understand revenue recognition principles and how they impact main financial statements
• Account for accounts receivables and inventories.

This course is part of the iMBA offered by the University of Illinois, a flexible, fully-accredited online MBA at an incredibly competitive price. For more information, please see the Resource page in this course and onlinemba.illinois.edu.

You will learn

Requirements

The course creator has not defined the requirements for this course.

This course is for

The course creator hasn’t defined the level of this course.
Department of Accountancy, College of Business
University of Illinois at Urbana-Champaign
Oktay Urcan is an Associate Professor of Accounting at the University of Illinois. He holds a Ph.D. in Accounting from the University of Texas at Dallas. Prof. Urcan teaches financial accounting related classes at the undergraduate, MBA, Executive MBA, and PhD levels. He has been associated with the University of Illinois since 2014. Before that, he was an Assistant Professor of Accounting at the London Business School in the United Kingdom. Prof. Urcan conducts research in the archival capital markets area. His recent research interests are in the growing interdisciplinary research area called macro-accounting, which studies the interaction between macro-economy and accounting. His research investigates how aggregated accounting numbers help predict important macroeconomic variables including GDP growth, employment growth, and inflation.
Platform: Coursera
Video: 4h 32m
Language: English

Students are also interested in