About this Course

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Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Flexible deadlines

Reset deadlines in accordance to your schedule.

Intermediate Level

Approx. 33 hours to complete

English

Subtitles: English

Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Flexible deadlines

Reset deadlines in accordance to your schedule.

Intermediate Level

Approx. 33 hours to complete

English

Subtitles: English

Offered by

University of Illinois at Urbana-Champaign logo

University of Illinois at Urbana-Champaign

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.

Syllabus - What you will learn from this course

Week
1

Week 1

2 hours to complete

About the Course

2 hours to complete
2 videos (Total 10 min), 4 readings, 1 quiz
2 videos
About Prof Hepp2m
4 readings
Syllabus10m
About the Discussion Forums10m
Update Your Profile10m
Build a Learning Community with Social Media10m
1 practice exercise
Orientation Quiz30m
5 hours to complete

Module 1: Current Liabilities and Contingencies

5 hours to complete
7 videos (Total 72 min), 1 reading, 6 quizzes
7 videos
Current Liabilities12m
Exceptional Situations12m
Examples and Presentation7m
Excel Segment7m
Contingencies16m
Examples: Contingencies8m
1 reading
Module 1 Overview and Resources10m
6 practice exercises
Lesson 1.1 Knowledge Check30m
Lesson 1.2 Knowledge Check30m
Lesson 1.3 Knowledge Check30m
Lesson 1.4 Knowledge Check30m
Lesson 1.5-1.6 Knowledge Check30m
Module 1 Quiz30m
Week
2

Week 2

5 hours to complete

Module 2: Long-Term Debt Part 1

5 hours to complete
6 videos (Total 83 min), 1 reading, 6 quizzes
6 videos
Bonds: The Simple Case17m
Bonds: Between Interest Dates6m
Bonds: Discount and Premium18m
Bonds: Discount and Issuance Costs16m
Fair Value Option - A Counter Intuitive Result11m
1 reading
Module 2 Overview and Resources10m
6 practice exercises
Lesson 2.1 Knowledge Check30m
Lesson 2.2 Knowledge Check30m
Lesson 2.3 Knowledge Check30m
Lesson 2.4-2.5 Knowledge Check30m
Lesson 2.6 Knowledge Check30m
Module 2 Quiz30m
Week
3

Week 3

4 hours to complete

Module 3: Long-Term Debt Part 2

4 hours to complete
5 videos (Total 51 min), 1 reading, 6 quizzes
5 videos
Convertible Debt14m
Early Extinguishment of Debt7m
Bonds Modifications7m
Troubled Debt Restructuring13m
1 reading
Module 3 Overview and Resources10m
6 practice exercises
Lesson 3.1 Knowledge Check30m
Lesson 3.2 Knowledge Check30m
Lesson 3.3 Knowledge Check30m
Lesson 3.4 Knowledge Check30m
Lesson 3.5 Knowledge Check30m
Module 3 Quiz30m
Week
4

Week 4

4 hours to complete

Module 4: Lease Accounting Part 1

4 hours to complete
7 videos (Total 59 min), 1 reading, 6 quizzes
7 videos
Classification of Leases11m
Classification Example6m
Initial Measurement6m
Lessee: Finance Leases5m
Lessee: Operating Leases8m
Variable and Increasing Rents5m
1 reading
Module 4 Overview and Resources10m
6 practice exercises
Lesson 4.1 Knowledge Check30m
Lesson 4.2-4.3 Knowledge Check30m
Lesson 4.4 Knowledge Check30m
Lesson 4.5-4.6 Knowledge Check30m
Lesson 4.7 Knowledge Check30m
Module 4 Quiz30m

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.

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