About this Course
4.6
153 ratings
33 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.
Beginner Level

Beginner Level

Hours to complete

Approx. 8 hours to complete

Suggested: 4 weeks of study, 2-4 hours/week...
Available languages

English

Subtitles: English

Skills you will gain

Income StatementFinancial RatioFinancial StatementBalance Sheet
Specialization
100% online

100% online

Start instantly and learn at your own schedule.
Flexible deadlines

Flexible deadlines

Reset deadlines in accordance to your schedule.
Beginner Level

Beginner Level

Hours to complete

Approx. 8 hours to complete

Suggested: 4 weeks of study, 2-4 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
5 readings, 1 quiz
Reading5 readings
Syllabus10m
About the Discussion Forums10m
Glossary10m
Updating Your Profile10m
Social Media10m
Quiz1 practice exercise
Orientation Quiz10m
Hours to complete
1 hour to complete

Module 1: How Did You Perform? Introducing the Income Statement

This module introduces you to the primary components of the income statement by focusing on the concepts of revenue and cost of goods sold. ...
Reading
2 videos (Total 15 min), 2 readings, 3 quizzes
Video2 videos
1-2. A Look at Cost of Goods Sold6m
Reading2 readings
Module 1 Overview10m
Module 1 Readings10m
Quiz3 practice exercises
Lesson 1-1 Practice Quiz4m
Lesson 1-2 Practice Quiz4m
Module 1 Quiz40m
Week
2
Hours to complete
1 hour to complete

Module 2: Finishing Out the Income Statement and Managing Cash

This module discusses examples of other income and expenses included in a typical income statement and introduces you to the statement of cash flows....
Reading
2 videos (Total 21 min), 2 readings, 3 quizzes
Video2 videos
2-2. How Did You Manage Cash?10m
Reading2 readings
Module 2 Overview10m
Module 2 Readings10m
Quiz3 practice exercises
Lesson 2-1 Practice Quiz4m
Lesson 2-2 Practice Quiz4m
Module 2 Quiz40m
Week
3
Hours to complete
1 hour to complete

Module 3: Final Elements of Financial Statements

This module highlights common notes to the financial statements and provides insights from an expert. ...
Reading
2 videos (Total 21 min), 2 readings, 3 quizzes
Video2 videos
3-2. The Auditor’s Report8m
Reading2 readings
Module 3 Overview10m
Module 3 Readings10m
Quiz3 practice exercises
Lesson 3-1 Practice Quiz4m
Lesson 3-2 Practice Quiz4m
Module 3 Quiz40m
Week
4
Hours to complete
3 hours to complete

Module 4: Wrapping Up Financial Statements and What Lies Ahead

This module revisits what the first two courses of the Fundamentals of Accounting Specialization have covered and examines how ratio analyses can help you evaluate a company....
Reading
2 videos (Total 16 min), 2 readings, 4 quizzes
Video2 videos
4-2. Looking Back and Ahead9m
Reading2 readings
Module 4 Overview10m
Module 4 Readings10m
Quiz3 practice exercises
Lesson 4-1 Practice Quiz4m
Lesson 4-2 Practice Quiz4m
Module 4 Quiz40m
4.6
33 ReviewsChevron Right

Top Reviews

By TBFeb 27th 2017

Great set of courses for a beginner in the accounting field. Informative and well taught. Thanks to Kevin Jackson for making potentially complicated subject matter simple and easy to relate to.

By MKAug 17th 2017

Outstanding course. The instructor does an excellent job of simplifying complex ideas to make your learning and understanding more meaningful and easy to grasp.

Instructor

Avatar

Kevin E. Jackson

Associate Professor of Accountancy and PwC Faculty Fellow
Department of Accountancy, 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 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.