About this Course
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Specialization
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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. 16 hours to complete

Suggested: 3 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. 16 hours to complete

Suggested: 3 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

About the Course

In this module, you will become familiar with the course, your instructor and your classmates, and our learning environment. This orientation will also help you obtain the technical skills required to navigate and be successful in this course....
Reading
2 videos (Total 9 min), 4 readings, 1 quiz
Video2 videos
About Prof Li1m
Reading4 readings
Syllabus10m
About the Discussion Forums10m
Update Your Profile10m
Build a Learning Community with Social Media10m
Quiz1 practice exercise
Orientation Quiz8m
Hours to complete
5 hours to complete

Module 1: Accrual Accounting for Assets and Contingencies

In this module, you will compute and record journal entries for the topics of accrual accounting, inventory and accounts receivable, investments, long-term assets, and contingencies (including year-end adjusting entries, if any) for both 20X1 and 20X2....
Reading
6 readings, 10 quizzes
Reading6 readings
Project 1 Overview10m
Instructions for Project 1.1 Journal Entries for Accrual Accounting10m
Instructions for Project 1.2 Journal Entries for Inventory & Accounts Receivable10m
Instructions for Project 1.3 Journal Entries for Investments10m
Instructions for Project 1.4 Journal Entries for Long-Term Assets10m
Instructions for Project 1.5 Journal Entries for Contingencies10m
Quiz10 practice exercises
Project 1.1 Journal Entries for Accrual Accounting44m
Project 1.2 Journal Entries for Inventory & Accounts Receivable Part 142m
Project 1.2 Journal Entries for Inventory & Accounts Receivable Part 224m
Project 1.3 Journal Entries for Investments Part 122m
Project 1.3 Journal Entries for Investments Part 220m
Project 1.3 Journal Entries for Investments Part 318m
Project 1.4 Journal Entries for Long-Term Assets Part 128m
Project 1.4 Journal Entries for Long-term Assets Part 228m
Project 1.4 Journal Entries for Long-term Assets Part 34m
Project 1.5 Journal Entries for Contingencies24m
Week
2
Hours to complete
5 hours to complete

Module 2: Accrual Accounting for Liabilities and Equity

In this module, you will compute and record journal entries for the topics of bonds, leases, pension, Equity Transactions, and Equity-based Compensation for both 20X1 and 20X2....
Reading
5 readings, 8 quizzes
Reading5 readings
Project 2 Overview10m
Instructions for Project 2.1 Journal Entries for Bonds10m
Instructions for Project 2.2 Journal Entries for Leases10m
Instructions for Project 2.3 Journal Entries for Pension10m
Instructions for Project 2.4 Journal Entries for Equity Transaction & Equity-Based Compensation10m
Quiz8 practice exercises
Project 2.1 Journal Entries for Bonds Part 134m
Project 2.1 Journal Entries for Bonds Part 226m
Project 2.1 Journal Entries for Bonds Part 346m
Project 2.2 Journal Entries for Leases Part 142m
Project 2.2 Journal Entries for Leases Part 226m
Project 2.2 Journal Entries for Leases Part 330m
Project 2.3 Journal Entries for Pension20m
Project 2.4 Journal Entries for Equity Transaction & Equity-Based Compensation52m
Week
3
Hours to complete
8 hours to complete

Module 3: Balance Sheet and Income Statement (including EPS)

In this module, you will prepare the Balance Sheet and Income Statement for both 20X1 and 20X2 by filling in the blank journal items in the tables. You will also need to complete a peer review assignment....
Reading
2 readings, 4 quizzes
Reading2 readings
Project 3 Overview10m
Instructions for Projects 3.1-3.3 Balance Sheet & Income Statement (Including Basic & Diluted EPS)15m
Quiz3 practice exercises
Project 3.1 Balance Sheet & Income Statementm
Project 3.2 Balance Sheet & Income Statementm
Project 3.3 Balance Sheet & Income Statementm

Instructor

Avatar

Wei Li, PhD, CPA

Senior Lecturer
Department of Accountancy, Gies College of Business

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.