Course Summary
This course provides an introduction to formal financial accounting, including the principles of accounting, recording transactions, financial statement preparation, and analysis. Students will learn how to read and interpret financial statements and be able to apply these skills to real-world scenarios.Key Learning Points
- Learn the principles of financial accounting
- Gain practical experience in recording transactions and preparing financial statements
- Understand how to analyze financial information and make informed decisions
Related Topics for further study
- Financial Accounting Principles
- Recording Transactions
- Financial Statement Analysis
- Real-world Application
- Decision Making
Learning Outcomes
- Develop proficiency in financial accounting principles
- Apply accounting concepts to real-world scenarios
- Analyze financial statements to make informed decisions
Prerequisites or good to have knowledge before taking this course
- Basic knowledge of accounting concepts
- Familiarity with Excel or similar spreadsheet software
Course Difficulty Level
BeginnerCourse Format
- Online
- Self-paced
- Video lectures
- Assignments
- Quizzes
Similar Courses
- Financial Accounting Fundamentals
- Financial Accounting Made Fun: Eliminating Your Fears
- Introduction to Accounting
Related Education Paths
- Certified Public Accountant (CPA)
- Certified Management Accountant (CMA)
- Chartered Financial Analyst (CFA)
Notable People in This Field
- Warren Buffett
- Suze Orman
- Dave Ramsey
Related Books
Description
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.
Outline
- Course Orientation
- Welcome by Professor Urcan
- Learn on Your Terms
- Syllabus
- About the Discussion Forums
- Learn More About Flexible Learning Paths
- Update Your Profile
- Build a Learning Community with Social Media
- Orientation Quiz
- Module 1: Introduction to Financial Accounting Terminology
- Lesson 1.0: Module 1 Introduction
- Lesson 1.1: Transaction and Transaction Worksheet
- Lesson 1.2: T-Accounts, Debit, and Credit
- Lesson 1.3: Journal Entry, Ledger, Trial Balance
- Module 1 Overview
- Lesson 1.1 Knowledge Check
- Lesson 1.2 Knowledge Check
- Lesson 1.3 Knowledge Check
- Module 1 Graded Quiz
- Module 2: Formal Financial Accounting for Assets
- Lesson 2.0: Module 2 Introduction
- Lesson 2.1: Accounts Receivables
- Lesson 2.2: Inventories
- Lesson 2.3: Plant, Property, and Equipment (PPE)
- Module 2 Overview
- Additional Resources
- Lesson 2.1 Knowledge Check
- Lesson 2.2 Knowledge Check
- Lesson 2.3 Knowledge Check
- Module 2 Graded Quiz
- Module 3: Formal Financial Accounting for Liabilities and Shareholders’ Equity
- Lesson 3.0: Module Introduction
- Lesson 3.1: Short-Term Liabilities
- Lesson 3.2: Long-Term Liabilities
- Lesson 3.3: Shareholders’ Equity
- Module 3 Overview
- Lesson 3.1 Knowledge Check
- Lesson 3.2 Knowledge Check
- Lesson 3.3 Knowledge Check
- Module 3 Graded Quiz
- Module 4: Applications of Formal Financial Accounting
- Lesson 4.0: Module 4 Introduction
- Module 4 Application Example
- Module 4 Overview
- Get Your Course Certificate
- Module 4 Graded Quiz
Summary of User Reviews
Learn formal financial accounting with Coursera. This course has received high praise from users. Many users appreciate the comprehensive and easy-to-follow lessons that help them build a strong foundation in accounting principles.Key Aspect Users Liked About This Course
Comprehensive and easy-to-follow lessonsPros from User Reviews
- Clear explanations of accounting principles
- Interactive exercises reinforce learning
- Instructor provides helpful feedback
- Useful for both beginners and those with some accounting experience
- Flexible schedule allows for self-paced learning
Cons from User Reviews
- Some users found the course difficult to navigate
- No certificate provided unless paid for
- Could benefit from more practice problems
- Not suitable for those seeking advanced accounting knowledge
- Limited interaction with other students
Oktay Urcan
4.7 Raiting
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