Course Summary
This course is an introduction to financial accounting. You’ll learn about the accounting equation, financial statements, accrual accounting, and more.Key Learning Points
- Understand the basic principles and concepts of financial accounting
- Learn how to prepare financial statements
- Gain insight into how financial accounting is used in business decision making
Related Topics for further study
Learning Outcomes
- Understand the basic principles and concepts of financial accounting
- Prepare financial statements
- Analyze and interpret financial statements for business decision making
Prerequisites or good to have knowledge before taking this course
- Basic Math Skills
- Familiarity with Spreadsheet Software
Course Difficulty Level
IntroductoryCourse Format
- Online
- Self-Paced
Similar Courses
- Financial Accounting Fundamentals
- Financial Accounting: Foundations
- Introduction to Financial Accounting
Related Education Paths
Notable People in This Field
- Chairman and CEO of Berkshire Hathaway
- Personal Finance Expert
Related Books
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.
Outline
- Course Orientation
- Meet Professor Urcan
- Learn on Your Terms
- Syllabus
- Glossary
- About the Discussion Forums
- Learn More About Flexible Learning Paths
- Updating Your Profile
- Orientation Quiz
- Module 1: Introduction to Financial Accounting
- M1L1V1: Introduction
- M1L1V2: What Is Accounting?
- M1L1V3: Components of Annual Reports
- M1L2V1: Balance Sheet Overview
- M1L2V2: Balance Sheet: Assets
- M1L2V3: Balance Sheet: Liabilities
- M1L2V4: Balance Sheet: Shareholders’ Equity
- M1L3V1: Income Statement
- M1L4V1: Cash Flow Statement
- Module 1 Case Video
- Like this course? Learn more with the iMBA! (optional)
- Module 1 Overview
- Module 1 Readings
- Module 1 Example Case Questions
- Module 1 Example Case Solutions
- Lesson 1-1 Practice Quiz
- Lesson 1-2 Practice Quiz
- Lesson 1-3 Practice Quiz
- Lesson 1-4 Practice Quiz
- Module 1 Graded Quiz
- Module 2: Recording Transactions and Financial Statement Preparation
- M2L1V1: Overview
- M2L2V1: Example: Illinois Supermarket
- M2L3V1: Individual Accounts
- M2L4V1: Accrual Accounting
- Module 2 Case Video
- Module 2 Overview
- Module 2 Readings
- Module 2 Example Case Questions
- Module 2 Example Case Solutions
- Additional Resources
- Lesson 2-1 Practice Quiz
- Lesson 2-2 Practice Quiz
- Lesson 2-3 Practice Quiz
- Lesson 2-4 Practice Quiz
- Module 2 Graded Quiz
- Module 3: Fundamental Accounting Concepts and Revenue Recognition
- M3L1V1: Overview
- M3L2V1: Fundamental Accounting Concepts
- M3L3V1: Accruals Concept
- M3L4V1: Conservatism Concept
- M3L5V1: Revenue Recognition
- Module 3 Case Video
- Module 3 Overview
- Module 3 Readings
- Module 3 Example Case Questions
- Module 3 Example Case Solutions
- Lesson 3-2 Practice Quiz
- Lesson 3-3 Practice Quiz
- Lesson 3-4 Practice Quiz
- Lesson 3-5 Practice Quiz
- Module 3 Graded Quiz
- Module 4: Short-Term Assets
- M4L1V1: Overview
- M4L2V1: Accounts Receivables: Cash Discounts
- M4L3V1: Accounts Receivables: Sales Returns
- M4L4V1: Accounts Receivables: Bad Debts
- M4L5V1: Accounts Receivables of Walmart
- M4L6V1: Inventories
- M4L7V1: Cost Flow Assumptions
- M4L8V1: Inventories of Walmart
- M4L9V1: Appendix 1: LIFO - FIFO Conversion
- Module 4 Case Video
- Gies Online Programs
- Module 4 Overview
- Module 4 Readings
- Module 4 Example Case Questions
- Module 4 Example Case Solutions
- Congratulations!
- Get Your Course Certificate
- Lesson 4-2 Practice Quiz
- Lesson 4-3 Practice Quiz
- Lesson 4-4 Practice Quiz
- Lesson 4-5 Practice Quiz
- Lesson 4-6 Practice Quiz
- Lesson 4-7 Practice Quiz
- Module 4 Graded Quiz
Summary of User Reviews
This course has received excellent reviews from students. It is highly recommended for those who want to gain a solid understanding of financial accounting. The course covers a range of topics and is taught in a way that is easy to understand. Many students found the course to be informative and helpful in their career. One key aspect that many users thought was good is the quality of the course material.Pros from User Reviews
- In-depth coverage of financial accounting principles
- Easy to follow course material
- Engaging and knowledgeable instructors
- Suitable for beginners and intermediate learners
- Real-world examples and case studies
Cons from User Reviews
- Some users found the course to be too basic
- Lack of interactivity in the course
- Limited opportunities for practice and application of concepts
- Some users found the course to be too long
- Not suitable for advanced learners
Oktay Urcan
4.7 Raiting
Investment Banking and Finance: Private Equity Finance
- 4.5
-
![]()
![]()
![]()
![]()
![]()
Investment Banking and Finance: Private Equity Finance Masterclass: Fundraising, Valuation, PE Deals from Entry to Exit This content is exclusive to Udemy and UFB....
Фінанси для нефінансових спеціалістів
- 4.7
-
![]()
![]()
![]()
![]()
![]()
Впливайте на ваші фінансові рішення та навчіться впливати на виконання показників прибутковості вашого підрозділу та організації в цілому. Зміст курсу включає обрані аспекти фінансів з точки зору нефінансових спеціалістів....
Guided Tour of Machine Learning in Finance
- 3.8
-
![]()
![]()
![]()
![]()
![]()
This course aims at providing an introductory and broad overview of the field of ML with the focus on applications on Finance....
Financial Reporting I
- 0.0
-
![]()
![]()
![]()
![]()
![]()
Earn a strong foundation in financial reporting concepts and methods, and use your skills to prepare and analyze financial statements. You will develop professional judgment and critical thinking skills....
