About this Course
4.7
324 ratings
86 reviews
Specialization
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100% online

Start instantly and learn at your own schedule.
Flexible deadlines

Flexible deadlines

Reset deadlines in accordance to your schedule.
Beginner Level

Beginner Level

Hours to complete

Approx. 8 hours to complete

Suggested: 4 weeks of study, 2-4 hours/week...
Available languages

English

Subtitles: English

Skills you will gain

AccountingFinancial StatementBalance SheetAccounting Terminology
Specialization
100% online

100% online

Start instantly and learn at your own schedule.
Flexible deadlines

Flexible deadlines

Reset deadlines in accordance to your schedule.
Beginner Level

Beginner Level

Hours to complete

Approx. 8 hours to complete

Suggested: 4 weeks of study, 2-4 hours/week...
Available languages

English

Subtitles: English

Syllabus - What you will learn from this course

Week
1
Hours to complete
1 hour to complete

Course Orientation

You will become familiar with the course, your classmates, and our learning environment. The orientation will also help you obtain the technical skills required for the course....
Reading
1 video (Total 2 min), 5 readings, 1 quiz
Reading5 readings
Syllabus10m
About the Discussion Forums10m
Glossary10m
Updating Your Profile10m
Social Media10m
Quiz1 practice exercise
Orientation Quiz10m
Hours to complete
2 hours to complete

Module 1: What Is Accounting and Why Are Financial Reports Important?

This module will introduce you to the basics of financial statements by emphasizing the links between accounting, measurement, and financial statements. ...
Reading
2 videos (Total 23 min), 2 readings, 3 quizzes
Video2 videos
1-2. Why Are Financial Statements Important?8m
Reading2 readings
Module 1 Overview10m
Module 1 Readings10m
Quiz3 practice exercises
Lesson 1-1 Practice Quiz4m
Lesson 1-2 Practice Quiz4m
Module 1 Quiz40m
Week
2
Hours to complete
2 hours to complete

Module 2: Assets – What Do You Own?

This module will explain the basics of the balance sheet, provide a working definition of assets, and give you an overview of assets typically presented on the balance sheet....
Reading
2 videos (Total 23 min), 2 readings, 3 quizzes
Video2 videos
2-2. The Balance Sheet – Non-Current Assets11m
Reading2 readings
Module 2 Overview10m
Module 2 Readings10m
Quiz3 practice exercises
Lesson 2-1 Practice Quiz4m
Lesson 2-2 Practice Quiz4m
Module 2 Quiz40m
Week
3
Hours to complete
2 hours to complete

Module 3: Liabilities – What Do You Owe?

This module will introduce you to the concept of liabilities and explain what they are and how they can arise....
Reading
2 videos (Total 24 min), 2 readings, 3 quizzes
Video2 videos
3-2. The Balance Sheet – Liabilities Part 213m
Reading2 readings
Module 3 Overview10m
Module 3 Readings10m
Quiz3 practice exercises
Lesson 3-1 Practice Quiz4m
Lesson 3-2 Practice Quiz4m
Module 3 Quiz40m
Week
4
Hours to complete
3 hours to complete

Module 4: Equity and How the Balance Sheet Fits Together

This module will build an intuition for what equity represents. It will also explain how the components of the balance sheet relate to one another....
Reading
2 videos (Total 18 min), 2 readings, 4 quizzes
Video2 videos
4-2. The Balance Sheet – Equity Part 24m
Reading2 readings
Module 4 Overview10m
Module 4 Readings10m
Quiz3 practice exercises
Lesson 4-1 Practice Quiz4m
Lesson 4-2 Practice Quiz4m
Module 4 Quiz40m
4.7
86 ReviewsChevron Right
Career direction

50%

started a new career after completing these courses
Career Benefit

50%

got a tangible career benefit from this course
Career promotion

33%

got a pay increase or promotion

Top Reviews

By SNOct 25th 2017

I really enjoyed the professor's clear explanations. This has helped me understand the balance sheet, which will help me understand my current and future companies more clearly. Thanks!

By BMAug 27th 2016

This course is a great introduction to understanding Balance Sheets and has been a big help to me in my job. I highly recommend this course and I really liked the Professor.

Instructor

Avatar

Kevin E. Jackson

Associate Professor of Accountancy and PwC Faculty Fellow
Department of Accountancy, College of Business

About 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. ...

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

  • 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.

More questions? Visit the Learner Help Center.