Course Summary
This course provides an introduction to financial accounting, covering the basics of financial statements, accounting transactions, and financial analysis.Key Learning Points
- Understand the basics of financial accounting
- Learn how to read and interpret financial statements
- Develop skills in analyzing financial data
Related Topics for further study
Learning Outcomes
- Develop a basic understanding of financial accounting
- Interpret financial statements and accounting transactions
- Analyze financial data to make informed decisions
Prerequisites or good to have knowledge before taking this course
- No prior knowledge of accounting is required
- Basic understanding of mathematics is recommended
Course Difficulty Level
BeginnerCourse Format
- Online
- Self-paced
Similar Courses
- Financial Accounting Fundamentals
- Introduction to Accounting
- Financial Accounting Made Fun: Eliminating Your Fears
Related Education Paths
- Certified Public Accountant (CPA)
- Chartered Financial Analyst (CFA)
- Certified Management Accountant (CMA)
Notable People in This Field
- Warren Buffett
- Suze Orman
Related Books
Description
This course, developed at the Darden School of Business at the University of Virginia and taught by top-ranked faculty, 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.
Knowledge
- How to use journal entries to record transactions and prepare and use t-accounts to summarize transactions recorded during an accounting period
- The three most commonly used financial statements and how they fit together
- How to prepare these financial statements based on transactions recorded during an accounting period
- How to draw basic conclusions about a company's financial health
Outline
- Introduction to Financial Accounting, the Financial Statements, and the Balance Sheet
- Introduction to the Course
- What Is Accounting?
- 3 Sets of Books
- An Informational Role for Financial Accounting
- Accounting Standards Inside the U.S.
- Accounting Standards Outside the U.S.
- The Financial Statements
- The Financial Statements: A Framework
- The Accounting Cycle
- The Balance Sheet
- Assets
- Liabilities
- Owners' Equity
- The Balance Sheet: A Summary
- Welcome to the Specialization
- Course Overview
- Week 1 Practice Quiz
- Week 1 Graded Quiz
- Introduction to Recording Transactions
- Introduction to Recording Transactions
- T-Accounts: A Tutorial
- Journal Entries: A Tutorial
- Recording Transactions: Example 1
- Recording Transactions: Example 2
- Recording Transactions: Example 3
- Recording Transactions: Your Turn
- Introduction to TGS Year 1
- TGS Year 1: Transaction 1
- TGS Year 1: Transaction 2
- TGS Year 1: Transaction 3
- TGS Year 1: Transaction 4
- TGS Year 1: Transaction 5 and a Summary
- Week 2 Practice Quiz
- Week 2 Graded Quiz
- The Income Statement, Revenue and Expense Transactions, and Adjusting Entries
- Introduction to the Income Statement
- Revenues
- Expenses
- The Income Statement: A Summary
- Revenue and Expense Transactions: A Tutorial
- Recording Revenue and Expense Transactions: Your Turn
- TGS Year 1: Transaction 6
- TGS Year 1: Transaction 7
- TGS Year 1: Transaction 8
- Adjusting Entries: A Tutorial
- Recording Adjusting Entries: Your Turn
- TGS Year 1: Transaction 9
- TGS Year 1: Transaction 10
- TGS Year 1: Transaction 11 and a Summary
- Week 3 Practice Quiz
- Week 3 Graded Quiz
- The Statement of Cash Flows, Financial Statement Preparation
- Introduction to Financial Statement Preparation
- TGS Year 1: Preparing the Income Statement
- TGS Year 1: Preparing the Balance Sheet
- TGS Year 1: Revisiting the Financial Statement Framework
- A Managerial Approach to Recording Transactions
- Transactions from the Viewpoint of a Manager
- Introduction to the Statement of Cash Flows
- Explaining the Change in Cash: A Tutorial
- TGS Year 1: Preparing the Operating Activities Section of the Statement of Cash Flows
- TGS Year 1: Preparing the Investing Activities Section of the Statement of Cash Flows
- TGS Year 1: Preparing the Financing Activities Section of the Statement of Cash Flows
- Closing Entries
- The Statement of Cash Flows: A Conceptual Understanding
- TGS Year 1: Using the Direct Method to Prepare the Statement of Cash Flows
- TGS Year 1: Using the Indirect Method to Prepare the Statement of Cash Flows
- The Direct and Indirect Methods: A Summary
- Week 4 Practice Quiz
- Week 4 Graded Quiz
- More Transactions, Analysis of Financial Statements, and an Annual Report
- Introduction to TGS Year 2
- TGS Year 2: Transactions 1-7
- TGS Year 2: Transactions 8-11
- TGS Year 2: Transactions 12-16
- TGS Year 2: Transactions 17-22
- TGS Year 2: The Financial Statements
- TGS Year 2: Preparing the Operating Activities Section of the Statement of Cash Flows
- TGS Year 2: Preparing the Investing Activities Section of the Statement of Cash Flows
- TGS Year 2: Preparing the Financing Activities Section of the Statement of Cash Flows
- TGS Year 2: Revisiting the Financial Statement Framework
- Analysis of the Income Statement
- Analysis of the Statement of Cash Flows
- Analysis of the Balance Sheet and a Summary
- PepsiCo's Annual Report
- PepsiCo's 10-K
- Conclusion of the Course
- Week 5 Practice Quiz
- Week 5 Graded Quiz
Summary of User Reviews
The Financial Accounting course from UVA Darden on Coursera has received positive reviews from learners. Many users found the course to be highly informative and well-structured. Overall, the course has been highly rated by users.Key Aspect Users Liked About This Course
The course content was highly informative and well-structured.Pros from User Reviews
- The course is taught by an experienced and knowledgeable instructor.
- The course provides a comprehensive understanding of financial accounting principles.
- The course offers practical examples and exercises to reinforce learning.
- The course is designed for learners of all levels, from beginners to advanced learners.
Cons from User Reviews
- Some users found the pace of the course to be too slow.
- Some users found the course to be too theoretical without enough practical application.
- Some users found the assessments to be too difficult or confusing.
- Some users experienced technical difficulties with the platform or course materials.
Luann J. Lynch
4.8 Raiting
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