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.
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Puedes obtener créditos de la Universidad de Illinois en Urbana-Champaign que cuentan para la Master of Business Administration (iMBA)
Universidad de Illinois en Urbana-ChampaignAcerca de este Curso
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Fechas límite flexibles
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Certificado para compartir
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100 % en línea
Comienza de inmediato y aprende a tu propio ritmo.
Aprox. 14 horas para completar
Inglés (English)
Subtítulos: Árabe (Arabic), Francés (French), Portugués (europeo), Italiano, Vietnamita, Alemán (German), Ruso (Russian), Inglés (English), Español (Spanish)
Habilidades que obtendrás
- Financial Accounting
- Accounting
- Accrual
- Financial Statement
Fechas límite flexibles
Restablece las fechas límite en función de tus horarios.
Certificado para compartir
Obtén un certificado al finalizar
100 % en línea
Comienza de inmediato y aprende a tu propio ritmo.
Aprox. 14 horas para completar
Inglés (English)
Subtítulos: Árabe (Arabic), Francés (French), Portugués (europeo), Italiano, Vietnamita, Alemán (German), Ruso (Russian), Inglés (English), Español (Spanish)
ofrecido por
Universidad de Illinois en Urbana-Champaign
The University of Illinois at Urbana-Champaign is a world leader in research, teaching and public engagement, distinguished by the breadth of its programs, broad academic excellence, and internationally renowned faculty and alumni. Illinois serves the world by creating knowledge, preparing students for lives of impact, and finding solutions to critical societal needs.
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Este curso forma parte de un programa de grado en línea ofrecido por Universidad de Illinois en Urbana-Champaign. Si solicitas créditos de un curso sin título de grado a través de la universidad y lo completas en línea, cuenta como horas de crédito para un programa de grado en Illinois. Todo lo que tienes que hacer es solicitarlo a través de la universidad.
Programa - Qué aprenderás en este curso
2 horas para completar
Course Orientation
You will become familiar with the course, your classmates, and our learning environment. The orientation will also help you obtain the technical skills required for the course.
2 horas para completar
2 videos (Total 2 minutos), 5 lecturas, 1 cuestionario
3 horas para completar
Module 1: Introduction to Financial Accounting
Accounting is the language of business. Managers communicate the results of operations within a firm through accounting to various financial information users including investors and creditors. In this module, you will explore various users of accounting information and the main financial statements they use to acquire accounting information. You will develop an understanding of the particular type of information provided by each financial statement and how financial statements are related to each other.
3 horas para completar
11 videos (Total 61 minutos), 4 lecturas, 5 cuestionarios
3 horas para completar
Module 2: Recording Transactions and Financial Statement Preparation
The starting point of financial statements is individual financial transactions. In this module, you will learn how to code financial transactions in accounting language and how to build main financial statements from these coded financial transactions. This bottom-up approach will help you appreciate the impact of various financial transactions on main financial statements.
3 horas para completar
5 videos (Total 75 minutos), 5 lecturas, 5 cuestionarios
4 horas para completar
Module 3: Fundamental Accounting Concepts and Revenue Recognition
Fundamental accounting concepts and revenue recognition principles are at the heart of coding financial transactions in accounting language as well as preparation of financial statements from these coded financial transactions. Real life transactions are reflected in financial statements through the lens of these concepts and principles. A good understanding of these concepts and principles will help you understand the type and the nature of information you can learn from financial statements.
4 horas para completar
6 videos (Total 57 minutos), 4 lecturas, 6 cuestionarios
3 horas para completar
Module 4: Short-Term Assets
One of the major components of a balance sheet is short-term assets, which are assets that can be converted into cash within a year. Accounts receivables and inventories constitute a major part of short-term assets. Understanding accounting for these accounts will help you uncover how these accounts change over time, their valuation, and their usefulness in managerial decision making.
3 horas para completar
11 videos (Total 77 minutos), 6 lecturas, 8 cuestionarios
Reseñas
- 5 stars78,86 %
- 4 stars17,44 %
- 3 stars2,38 %
- 2 stars0,70 %
- 1 star0,60 %
Principales reseñas sobre FINANCIAL ACCOUNTING: FOUNDATIONS
por YR11 de jun. de 2020
This course is very helpful for me to understand the process of financial reporting. I learn a lot of new terms in the financial accounting. I hope it will be useful for my future study.
por CS19 de may. de 2020
It could be easier for students to have acces to a link with the support material (laws, USGAAP/IFRS, text books) in each video in order to verify and save the documentary support of the class
por SS8 de dic. de 2018
This the teaching method and course structure plus teacher is exceptionally. One thing i need to add i was expecting to cover all the basic accounting things please add more and cover more content
por SW11 de jun. de 2021
Thank you Professor Oktay Urcan! I found this course very useful as it provided lots of real cases of Financial Statements for us to work on. Highly recommended this course.
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