This course is part of the Fundamentals of Accounting Specialization

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Sharon P. Cox, Ph.D.

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Fundamentals of Accounting SpecializationUniversity of Illinois at Urbana-Champaign

About this Course

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**You should complete all other courses in the Fundamentals of Accounting Specialization before beginning this course.**
The capstone project will be set in the context of a realistic small-business enterprise, and will require you to think deeply and apply the accounting concepts presented in the other courses in the Fundamentals of Accounting. While navigating the daily operations of the business, you will have an opportunity to consider the accounting implications of the economic events encountered, as well as how these economic events should be communicated to decision makers.

If you enjoy this business course and are interested in an MBA, consider applying to the iMBA, a flexible, fully-accredited online MBA at an incredibly competitive price offered by the University of Illinois. For more information, please see the Resource page in this course and onlinemba.illinois.edu.

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Course 5 of 5 in the

Fundamentals of Accounting Specialization

Beginner Level

Approx. 38 hours to complete

English

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Flexible deadlines

Reset deadlines in accordance to your schedule.

Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Course 5 of 5 in the

Fundamentals of Accounting Specialization

Beginner Level

Approx. 38 hours to complete

English

Could your company benefit from training employees on in-demand skills?

Try Coursera for Business

Instructor

Sharon P. Cox, Ph.D.

Lecturer

Department of Accountancy

2,620 Learners

1 Course

Offered by

University of Illinois at Urbana-Champaign

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Syllabus - What you will learn from this course

Week1

Week 1

1 hour to complete

Fundamentals of Accounting Capstone Introduction

1 hour to complete

1 video (Total 13 min), 3 readings

2 hours to complete

Milestone 1: Business Description

2 hours to complete

1 video (Total 4 min), 1 reading

Week2

Week 2

10 hours to complete

Milestone 2: Expenses and Selling Price

10 hours to complete

1 video (Total 19 min), 1 reading, 1 quiz

Week3

Week 3

5 hours to complete

Milestone 3: Assets

5 hours to complete

1 video (Total 12 min), 1 reading, 1 quiz

Week4

Week 4

8 hours to complete

Milestone 4: Budgeted Income Statement and Analyses

8 hours to complete

1 video (Total 11 min), 1 reading, 1 quiz

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.

Frequently Asked Questions

When will I have access to the lectures and assignments?
Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:
The course may not offer an audit option. You can try a Free Trial instead, or apply for Financial Aid.
The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.
What will I get if I subscribe to this Specialization?
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.
Is financial aid available?
Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.

More questions? Visit the Learner Help Center.

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Fundamentals of Accounting Capstone

About this Course