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UIUC - Formal Financial Accounting 

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Formal Financial Accounting
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Coursera 
Overview

Duration

10 hours

Total fee

Free

Mode of learning

Online

Difficulty level

Beginner

Official Website

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Credential

Certificate

Formal Financial Accounting
 at 
Coursera 
Highlights

  • Earn a shareable certificate upon completion.
  • Flexible deadlines according to your schedule.
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Formal Financial Accounting
 at 
Coursera 
Course details

More about this course
  • 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.
  • The University of Illinois at Urbana-Champaign, consistently ranked as one of the nation's top three accounting programs, now offers a master?s in accounting at a very affordable tuition rate and is completely online. The iMSA is a full Master of Accountancy program and students graduate with a highly recognized master degree. Try an open course or two, then apply for admission into the credit-bearing version, as you may be eligible to take credit-bearing courses during the application process. If you are missing any prerequisites for the full degree, you can complete Coursera courses to demonstrate readiness and strengthen your application for the iMSA. For more information on this exciting online master's in accounting program, refer to this link: https://www.coursera.org/university-programs/imsa
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Formal Financial Accounting
 at 
Coursera 
Curriculum

Course Orientation

Welcome by Professor Urcan

Syllabus

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Orientation Quiz

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

Module 4 Graded Quiz

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Formal Financial Accounting
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