About this Course
4.8
62 ratings
11 reviews
Specialization
100% online

100% online

Start instantly and learn at your own schedule.
Flexible deadlines

Flexible deadlines

Reset deadlines in accordance to your schedule.
Intermediate Level

Intermediate Level

Hours to complete

Approx. 32 hours to complete

Suggested: 8 weeks of study, 6-8 hours/week...
Available languages

English

Subtitles: English
Specialization
100% online

100% online

Start instantly and learn at your own schedule.
Flexible deadlines

Flexible deadlines

Reset deadlines in accordance to your schedule.
Intermediate Level

Intermediate Level

Hours to complete

Approx. 32 hours to complete

Suggested: 8 weeks of study, 6-8 hours/week...
Available languages

English

Subtitles: English

Syllabus - What you will learn from this course

Week
1
Hours to complete
1 hour to complete

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....
Reading
4 readings, 1 quiz
Reading4 readings
Syllabus15m
About the Discussion Forums5m
Updating Your Profile5m
Social Media5m
Quiz1 practice exercise
Orientation Quiz10m
Hours to complete
2 hours to complete

Module 1: Financial Accounting Structure/Environment

We will learn the primary focus of financial accounting and learn about General Accepted Accounting Principles (GAAP) and their key assumptions, as well as compare them to International Financial Reporting Standards (IFRS). ...
Reading
7 videos (Total 31 min), 1 reading, 5 quizzes
Video7 videos
What Is the Key Focus of Financial Accounting?3m
Cash vs Accrual Accounting3m
GAAP vs IFRS and Convergence3m
Accounting Standards and GAAP Assumptions4m
FASB Interview with Brian McKeown14m
Module 1 Wrap-Up57s
Reading1 reading
Module 1 Readings and Resourcess
Quiz5 practice exercises
Lesson 1-1 Knowledge Check5m
Lesson 1-2 Knowledge Check5m
Lesson 1-3 Knowledge Check5m
Lesson 1-4 Knowledge Check5m
Module 1 Quiz20m
Week
2
Hours to complete
2 hours to complete

Module 2: Review of Accounting Process

We will use the accounting equation to complete the processing cycle. We will also learn the basic types of month-end adjusting entries. More importantly, we will describe the four basic financial statements and how they relate to one another....
Reading
5 videos (Total 19 min), 1 reading, 4 quizzes
Video5 videos
Using the Accounting Equation During the Processing Cycle3m
Adjusting Entries7m
Financial Statements6m
Module 2 Wrap-Up48s
Reading1 reading
Module 2 Readings and Resourcess
Quiz4 practice exercises
Lesson 2-1 Knowledge Check5m
Lesson 2-2 Knowledge Check5m
Lesson 2-3 Knowledge Check5m
Module 2 Quiz20m
Week
3
Hours to complete
2 hours to complete

Module 3: Balance Sheet & Financial Disclosures

We will learn the nuances of the Balance Sheet as well as various forms of disclosures associated with financial statements, including the Auditors' Report and MD&A. We will also review several key liquidity and financing ratios. Lastly, we will learn what's included in the operating segment reporting and wrap up with a fun exercise on understanding your own personal Balance Sheet!...
Reading
7 videos (Total 22 min), 1 reading, 5 quizzes
Video7 videos
Usefulness, Limitations, and Classifications of the Balance Sheet5m
Financial Disclosures5m
Risk and Ratio Analysis3m
Operating Segments and Other Disclosures2m
Module 3 Wrap-Up1m
Simplified “Personal” Balance Sheet Example3m
Reading1 reading
Module 3 Readings and Resourcess
Quiz5 practice exercises
Lesson 3-1 Knowledge Check5m
Lesson 3-2 Knowledge Check5m
Lesson 3-3 Knowledge Check5m
Lesson 3-4 Knowledge Check5m
Module 3 Quiz20m
Week
4
Hours to complete
2 hours to complete

Module 4: Income Statement and Accounting Changes

We will learn the key components of the Income Statement (e.g., EPS) and its impact on shareholders’ equity. We will also distinguish income from continuing operations vs discontinued operations. Lastly, we will better understand the impact of various accounting changes. ...
Reading
5 videos (Total 16 min), 1 reading, 4 quizzes
Video5 videos
Lesson 4-1: Income Statement and Its Key Components4m
Discontinued Operations and Earnings Per Share4m
Accounting Changes4m
Module 4 Wrap-Up1m
Reading1 reading
Module 4 Readings and Resourcess
Quiz4 practice exercises
Lesson 4-1 Knowledge Check5m
Lesson 4-2 Knowledge Check5m
Lesson 4-3 Knowledge Check5m
Module 4 Quiz20m
4.8
11 ReviewsChevron Right

Top Reviews

By YZJan 21st 2018

I really like this course. It is approachable to people who have no accounting knowledge and is very structure.

By MRSep 28th 2018

Muy buen curso con información importante y ejemplos didácticos.

Instructor

Avatar

Gregory L. Davis, CPA, CMA, CFM, CCM

Lecturer of Accountancy
Department of Accountancy, College of Business
Graduation Cap

Start working towards your Master's degree

This course is part of the 100% online Master of Science in Accountancy (iMSA) from University of Illinois at Urbana-Champaign. If you are admitted to the full program, your courses count towards your degree learning.

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 Financial Reporting Specialization

The Financial Reporting Specialization focuses on the role of financial accounting principles and processes in creating and reporting an organization’s financial statements. Learners who complete this specialization will be able to (1) use financial accounting principles to create and/or process an organization’s financial statements and (2) analyze financial statements to assess an organization’s financial position....
Financial Reporting

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.