About this Course

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Flexible deadlines
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Beginner Level
Approx. 17 hours to complete
Subtitles: English, Arabic
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.
Beginner Level
Approx. 17 hours to complete
Subtitles: English, Arabic

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University of Illinois at Urbana-Champaign logo

University of Illinois at Urbana-Champaign

Syllabus - What you will learn from this course

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Week 1

2 hours to complete

Course Orientation

2 hours to complete
4 readings
4 readings
About the Discussion Forums10m
Updating Your Profile10m
Social Media10m
1 practice exercise
Orientation Quiz10m
2 hours to complete

Module 1: Introduction to Business Decision Making

2 hours to complete
7 videos (Total 14 min), 2 readings, 3 quizzes
7 videos
1-1.2. Application and Extension3m
1-1.3. What We’ve Learned46s
1-2.1. Overview of Managerial Accounting2m
1-2.2. Decision-Making Roles of Managerial Accounting1m
1-2.3. Application and Extension1m
1-2.4. What We’ve Learned34s
2 readings
Module 1 Overview10m
Module 1 Readings20m
3 practice exercises
Lesson 1-1 Practice Quiz4m
Lesson 1-2 Practice Quiz30m
Module 1 Conceptual Quiz15m

Week 2

2 hours to complete

Module 2: Cost Concepts and Perspectives

2 hours to complete
9 videos (Total 40 min), 2 readings, 3 quizzes
9 videos
2-1.2. Application and Extension2m
2-1.3. What We’ve Learned52s
2-2.1. Importance of Organizing Cost Information2m
2-2.2. Organizing Costs by Product8m
2-2.3. Further Refinements7m
2-2.4. Organizing Costs by Behavior8m
2-2.5. Application and Extension6m
2-2.6. What We’ve Learned1m
2 readings
Module 2 Overview10m
Module 2 Readings30m
3 practice exercises
Lesson 2-1 Practice Quiz6m
Lesson 2-2 Practice Quiz30m
Module 2 Conceptual Quiz30m

Week 3

5 hours to complete

Module 3: Managing Products and Profitability

5 hours to complete
8 videos (Total 31 min), 2 readings, 5 quizzes
8 videos
3-1.2. Defining and Using Cost-Volume-Profit Analysis4m
3-1.3. Application and Extension6m
3-1.4. What We’ve Learned41s
3-2.1. Interpreting CVP Analysis6m
3-2.2. Limitations of CVP Analysis2m
3-2.3. Application and Extension5m
3-2.4. What We’ve Learned42s
2 readings
Module 3 Overview10m
Module 3 Readings40m
4 practice exercises
Lesson 3-1 Practice Quiz30m
Lesson 3-2 Practice Quiz30m
Module 3 Conceptual Quiz30m
Module 3 Quantitative Analysis Quiz30m

Week 4

5 hours to complete

Module 4: Managing Operations and Sales

5 hours to complete
10 videos (Total 54 min), 3 readings, 5 quizzes
10 videos
4-1.2. Creating and Using Relevant Information3m
4-1.3. Application – Make or Buy?11m
4-1.4. Application – Manage Product Lines9m
4-1.5. What We’ve Learned41s
4-2.1. Identify Common Sales Decisions2m
4-2.2. Application – Special Orders9m
4-2.3. Application – Sell Now, or Process Further?8m
4-2.4. What We’ve Learned35s
Gies Online Programs3m
3 readings
Module 4 Overview10m
Module 4 Readings40m
4 practice exercises
Lesson 4-1 Practice Quiz6m
Lesson 4-2 Practice Quiz6m
Module 4 Conceptual Quiz30m
Module 4 Quantitative Analysis Quiz30m



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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

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  • 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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