About this Course
4.9
20 ratings
1 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. 23 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. 23 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: Cash & Accounts Receivable

We will learn about internal controls, including rank reconciliations, as well as restrictions over cash. Next, we will introduce the two approaches to estimating bad debt expense related to accounts receivable. Lastly, we will discuss notes receivable and various methods of financing with receivables. ...
Reading
7 videos (Total 36 min), 1 reading, 5 quizzes
Video7 videos
Cash, Internal Controls, and Cash Restrictions/Discounts3m
Uncollectable Receivables and Bad Debt Expense Estimation5m
Notes Receivable and Receivables Financing and Management6m
Bank Reconciliations2m
Module 1 Wrap-Up1m
KPMG Interview with Jay Livesay14m
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: Inventory - Measurement

We will learn about the types of inventory systems, as well as the costs that should be included in inventory. Next, we will understand the various inventory costing methods, as well as key factors on choice of these methods. Lastly, we will discuss inventory ratio analysis, as well as methods of simplifying LIFO. ...
Reading
5 videos (Total 20 min), 1 reading, 4 quizzes
Video5 videos
Types of Inventory Systems & Costs Included in Inventory4m
Inventory Costing Methods & Factors Influencing Choice8m
Inventory Ratio Analysis & LIFO Inventory Pools4m
Module 2 Wrap-Up1m
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: Inventory - Additional Issues

We will learn about the subsequent measures of inventory such as LCNRV. Next, we will understand the various inventory estimation methods when we are unable to take a physical count. Then, we will discuss the various types of inventory cost flow methods. Lastly, we will discuss how to handle changes in inventory methods as well as inventory errors....
Reading
6 videos (Total 22 min), 1 reading, 5 quizzes
Video6 videos
Subsequent Measure of Inventory (LCNRV)4m
Inventory Estimation Methods5m
Cost Flow Methods7m
Changes in Inventory Methods & Errors in Inventory2m
Module 3 Wrap-Up1m
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: PP&E - Acquisition & Disposition

We will learn about the types of long-lived assets, as well as the basic costs to be capitalized. Next, we will understand the various complex issues of determining capitalized costs as well as discuss asset dispositions and exchanges. Lastly, we will learn about the costs associated with self-constructed assets....
Reading
5 videos (Total 22 min), 1 reading, 4 quizzes
Video5 videos
Types of Long-Lived Assets & Costs to Be Capitalized10m
Dispositions & Exchanges4m
Costs of Self-Constructed Assets4m
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

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.