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. 25 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. 25 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

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Week
1

Week 1

2 hours to complete

Course Orientation

2 hours to complete
4 readings
4 readings
Syllabus15m
About the Discussion Forums5m
Updating Your Profile5m
Social Media5m
1 practice exercise
Orientation Quiz30m
2 hours to complete

Module 1: Financial Accounting Structure/Environment

2 hours to complete
7 videos (Total 31 min), 1 reading, 5 quizzes
7 videos
What Is the Key Focus of Financial Accounting?3m
Cash vs Accrual Accounting3m
GAAP vs IFRS and Convergence3m
Accounting Standards and GAAP Assumptions4m
FASB Interview with Brian McKeown14m
Module 1 Wrap-Up57s
1 reading
Module 1 Readings and Resources1h
5 practice exercises
Lesson 1-1 Knowledge Check5m
Lesson 1-2 Knowledge Check5m
Lesson 1-3 Knowledge Check5m
Lesson 1-4 Knowledge Check5m
Module 1 Quiz20m
Week
2

Week 2

2 hours to complete

Module 2: Review of Accounting Process

2 hours to complete
5 videos (Total 19 min), 1 reading, 4 quizzes
5 videos
Using the Accounting Equation During the Processing Cycle3m
Adjusting Entries7m
Financial Statements6m
Module 2 Wrap-Up48s
1 reading
Module 2 Readings and Resources1h
4 practice exercises
Lesson 2-1 Knowledge Check5m
Lesson 2-2 Knowledge Check5m
Lesson 2-3 Knowledge Check5m
Module 2 Quiz20m
Week
3

Week 3

2 hours to complete

Module 3: Balance Sheet & Financial Disclosures

2 hours to complete
7 videos (Total 22 min), 1 reading, 5 quizzes
7 videos
Usefulness, Limitations, and Classifications of the Balance Sheet5m
Financial Disclosures5m
Risk and Ratio Analysis3m
Operating Segments and Other Disclosures2m
Module 3 Wrap-Up1m
Simplified “Personal” Balance Sheet Example3m
1 reading
Module 3 Readings and Resources1h
5 practice exercises
Lesson 3-1 Knowledge Check5m
Lesson 3-2 Knowledge Check5m
Lesson 3-3 Knowledge Check5m
Lesson 3-4 Knowledge Check5m
Module 3 Quiz20m
Week
4

Week 4

2 hours to complete

Module 4: Income Statement and Accounting Changes

2 hours to complete
5 videos (Total 16 min), 1 reading, 4 quizzes
5 videos
Lesson 4-1: Income Statement and Its Key Components4m
Discontinued Operations and Earnings Per Share4m
Accounting Changes4m
Module 4 Wrap-Up1m
1 reading
Module 4 Readings and Resources1h
4 practice exercises
Lesson 4-1 Knowledge Check5m
Lesson 4-2 Knowledge Check5m
Lesson 4-3 Knowledge Check5m
Module 4 Quiz20m

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.

  • If you subscribed, you get a 7-day free trial during which you can cancel at no penalty. After that, we don’t give refunds, but you can cancel your subscription at any time. See our full refund policy.

  • Yes, Coursera provides financial aid to learners who cannot afford the fee. Apply for it by clicking on the Financial Aid link beneath the "Enroll" button on the left. You'll be prompted to complete an application and will be notified if you are approved. You'll need to complete this step for each course in the Specialization, including the Capstone Project. Learn more.

  • This Course doesn't carry university credit, but some universities may choose to accept Course Certificates for credit. Check with your institution to learn more. Online Degrees and Mastertrack™ Certificates on Coursera provide the opportunity to earn university credit.

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