About this Course

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Start instantly and learn at your own schedule.

Flexible deadlines

Reset deadlines in accordance to your schedule.

Beginner Level

Approx. 13 hours to complete

Suggested: 6 weeks of study. 4-6 hours/week...

English

Subtitles: English

100% online

Start instantly and learn at your own schedule.

Flexible deadlines

Reset deadlines in accordance to your schedule.

Beginner Level

Approx. 13 hours to complete

Suggested: 6 weeks of study. 4-6 hours/week...

English

Subtitles: English

Syllabus - What you will learn from this course

Week
1
1 hour to complete

Fundamentals of Accounting Capstone Introduction

You will get an introduction to the Capstone project and your instructor....
1 video (Total 13 min), 3 readings
1 video
3 readings
Capstone Overview10m
About the Discussion Forums10m
Social Media10m
2 hours to complete

Milestone 1: Business Description

Choose your business!...
1 video (Total 4 min), 1 reading
1 reading
Milestone 1 Overview10m
Week
2
10 hours to complete

Milestone 2: Expenses and Selling Price

What are the costs associated with your business and how much will you charge for your product or service? In the case of a not-for-profit organization, how much money will the business need to collect from donations or other funding sources?...
1 video (Total 19 min), 1 reading, 1 quiz
1 reading
Milestone 2 Overview10m
Week
3
5 hours to complete

Milestone 3: Assets

What assets do you need to run your business and how will you pay for these assets?...
1 video (Total 12 min), 1 reading, 1 quiz
1 video
1 reading
Milestone 3 Overview10m
Week
4
8 hours to complete

Milestone 4: Budgeted Income Statement and Analyses

Evaluate your progress in developing your business....
1 video (Total 11 min), 1 reading, 1 quiz
1 reading
Milestone 4 Overview10m

Instructor

Avatar

Sharon P. Cox, Ph.D.

Lecturer
Department of Accountancy

About University of Illinois at 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. ...

About the Fundamentals of Accounting Specialization

Accounting is the “language of business.” Being able to understand this language allows individuals both inside and outside of an organization to join the “conversation” about how the organization is performing and how it can improve future performance. Financial accounting focuses on the reports that managers generate to provide interested external parties a summary of the firm’s financial position and operations. Managerial accounting focuses on the information and the analytical tools and techniques that help managers and employees make the right business decisions. In this Specialization, you will learn the fundamentals of both of these purposes of accounting. More specifically, you will understand the financial statements that managers create, and be able to interpret and analyze these statements to assess the financial position of the organization. You will also identify and understand the nature, purpose, and importance of different types of decision-useful accounting information, and use analytical tools and techniques to use this information to make business decisions. Via the capstone, you will apply these fundamentals via the lens of a new business, creating a business plan, forecasts and budgets, and anticipated information needs for decisions made by you as owner and manager, your employees, and external parties such as future shareholders, creditors, and other constituents....
Fundamentals of Accounting

Frequently Asked Questions

  • Once you enroll for a Certificate, you’ll have access to all videos, quizzes, and programming assignments (if applicable). Peer review assignments can only be submitted and reviewed once your session has begun. If you choose to explore the course without purchasing, you may not be able to access certain assignments.

  • When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.

More questions? Visit the Learner Help Center.