This course builds upon what you learned in Financial Accounting: Foundations and Financial Accounting: Advanced Topics and introduces you to formal foundations of financial accounting. The main purpose of the course is to familiarize you with technical terms in financial accounting, such as debit, credit and T-account. While knowledge on technical aspects of financial accounting is not necessary to understand and interpret financial statements, this knowledge is critical to be able to understand advanced topics in accounting. Formal Financial Accounting is a prerequisite course for the University of Illinois' iMSA program and the terminology we will cover will be used throughout the courses in iMSA program.
von
Formal Financial Accounting
University of Illinois at Urbana-Champaign
Über diesen Kurs
18,588 kürzliche Aufrufe
100 % online
Beginnen Sie sofort und lernen Sie in Ihrem eigenen Tempo.
Flexible Fristen
Setzen Sie Fristen gemäß Ihrem Zeitplan zurück.
Stufe „Mittel“
Ca. 8 Stunden zum Abschließen
Empfohlen: 3-5 hours/week
Englisch
Untertitel: Englisch, Arabischer Raum
von
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.
Lehrplan - Was Sie in diesem Kurs lernen werden
1 Stunde zum Abschließen
Course Orientation
In this module, you will become familiar with the course, your instructor, your classmates, and your learning environment. This orientation will also help you obtain the technical skills required to navigate and be successful in this course.
1 Stunde zum Abschließen
1 Video (Gesamt 2 min), 4 Lektüren, 1 Quiz
1 Video
4 Lektüren
Syllabus10m
About the Discussion Forums10m
Update Your Profile10m
Build a Learning Community with Social Media10m
1 praktische Übung
Orientation Quiz10m
1 Stunde zum Abschließen
Module 1: Introduction to Financial Accounting Terminology
Accounting is the language of business. Managers communicate results of operations within a firm through accounting to various financial information users including investors and creditors. The main purpose of this module is to familiarize you with technical terms in financial accounting such as debit, credit, and T-account.
1 Stunde zum Abschließen
4 Videos (Gesamt 19 min), 1 Lektüre, 4 Quiz
4 Videos
Lesson 1.1: Transaction and Transaction Worksheet4m
Lesson 1.2: T-Accounts, Debit, and Credit7m
Lesson 1.3: Journal Entry, Ledger, Trial Balance6m
1 Lektüre
Module 1 Overview10m
4 praktische Übungen
Lesson 1.1 Knowledge Check12m
Lesson 1.2 Knowledge Check12m
Lesson 1.3 Knowledge Check8m
Module 1 Graded Quiz20m
2 Stunden zum Abschließen
Module 2: Formal Financial Accounting for Assets
One of the major components of a balance sheet is assets. Accounts receivables, inventories, and plant, property, and equipment constitute a major part of the assets. Understanding accounting for these accounts will help you uncover how these accounts change over time, their valuation, and their usefulness in managerial decision making.
2 Stunden zum Abschließen
4 Videos (Gesamt 24 min), 2 Lektüren, 4 Quiz
4 Videos
Lesson 2.1: Accounts Receivables11m
Lesson 2.2: Inventories4m
Lesson 2.3: Plant, Property, and Equipment (PPE)7m
2 Lektüren
Module 2 Overview10m
Additional Resources10m
4 praktische Übungen
Lesson 2.1 Knowledge Check14m
Lesson 2.2 Knowledge Check10m
Lesson 2.3 Knowledge Check10m
Module 2 Graded Quiz20m
1 Stunde zum Abschließen
Module 3: Formal Financial Accounting for Liabilities and Shareholders’ Equity
The major sources of financing for many firms are liabilities and equity. Firms routinely finance their operations through various liabilities including accounts payables, bank loans, and bonds. They also raise funds from their investors through IPOs and SEOs. Finally, retained earnings (earnings earned but not distributed to investors) constitute a significant source of financing. Accounting for liabilities and shareholders’ equity will help you understand how formal financial accounting for liabilities and shareholders’ equity accounts are conducted.
1 Stunde zum Abschließen
4 Videos (Gesamt 19 min), 1 Lektüre, 4 Quiz
4 Videos
Lesson 3.1: Short-Term Liabilities6m
Lesson 3.2: Long-Term Liabilities4m
Lesson 3.3: Shareholders’ Equity7m
1 Lektüre
Module 3 Overview10m
4 praktische Übungen
Lesson 3.1 Knowledge Check10m
Lesson 3.2 Knowledge Check10m
Lesson 3.3 Knowledge Check10m
Module 3 Graded Quiz20m
1 Stunde zum Abschließen
Module 4: Applications of Formal Financial Accounting
The accounting cycle starts with financial transactions, and continues with journalizing these transactions and posting the journal entries on the ledger. At the end of the year, the trial balance is prepared. The final step is to prepare financial statements from trial balance numbers. This module will go over a comprehensive exercise, which will track the accounting cycle of a firm from its establishment until its fiscal year-end financial statements.
1 Stunde zum Abschließen
2 Videos (Gesamt 15 min), 1 Lektüre, 1 Quiz
1 Lektüre
Module 4 Overview10m
1 praktische Übung
Module 4 Graded Quiz38m
Bewertungen
Top-Bewertungen von FORMAL FINANCIAL ACCOUNTING
von AHDec 8, 2017
The lectures are great and easy to understand, and the examples are well explained and easy to follow. The professor explains the material in a very understandable way .
von JOFeb 13, 2020
I recommend this course for non-accounting people, who want to learn and start to know accounting. If you make the exercises and examples you can learn a lot.
von JNFeb 9, 2018
Absolutely loved this course! It was a great compliment to the two other accounting classes I have taken
von LWApr 22, 2018
great course- learned a LOT and actually understand what I'm learning!
Häufig gestellte Fragen
Wann erhalte ich Zugang zu den Vorträgen und Aufgaben?
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Was bekomme ich, wenn ich das Zertifikat erwerbe?
Wenn Sie ein Zertifikat erwerben, erhalten Sie Zugriff auf alle Kursmaterialien, einschließlich bewerteter Aufgaben. Nach Abschluss des Kurses wird Ihr elektronisches Zertifikat zu Ihrer Seite „Errungenschaften“ hinzugefügt – von dort können Sie Ihr Zertifikat ausdrucken oder es zu Ihrem LinkedIn Profil hinzufügen. Wenn Sie nur lesen und den Inhalt des Kurses anzeigen möchten, können Sie kostenlos als Gast an dem Kurs teilnehmen.
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