About this Course

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Learner Career Outcomes

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started a new career after completing these courses

40%

got a tangible career benefit from this course

25%

got a pay increase or promotion
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. 12 hours to complete
English
Subtitles: English

Skills you will gain

AccountingFinancial StatementBalance SheetAccounting Terminology

Learner Career Outcomes

33%

started a new career after completing these courses

40%

got a tangible career benefit from this course

25%

got a pay increase or promotion
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. 12 hours to complete
English
Subtitles: English

Offered by

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

Week 1

1 hour to complete

Course Orientation

1 hour to complete
1 video (Total 2 min), 5 readings, 1 quiz
5 readings
Syllabus10m
About the Discussion Forums10m
Glossary10m
Updating Your Profile10m
Social Media10m
1 practice exercise
Orientation Quiz10m
2 hours to complete

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

2 hours to complete
2 videos (Total 23 min), 2 readings, 3 quizzes
2 videos
1-2. Why Are Financial Statements Important?8m
2 readings
Module 1 Overview10m
Lessons 1 & 2 Readings10m
3 practice exercises
Lesson 1-1 Practice Quiz30m
Lesson 1-2 Practice Quiz30m
Module 1 Quiz30m
Week
2

Week 2

2 hours to complete

Module 2: Assets – What Do You Own?

2 hours to complete
2 videos (Total 23 min), 2 readings, 3 quizzes
2 videos
2-2. The Balance Sheet – Non-Current Assets11m
2 readings
Module 2 Overview10m
Module 2 Readings10m
3 practice exercises
Lesson 2-1 Practice Quiz30m
Lesson 2-2 Practice Quiz30m
Module 2 Quiz30m
Week
3

Week 3

2 hours to complete

Module 3: Liabilities – What Do You Owe?

2 hours to complete
2 videos (Total 24 min), 2 readings, 3 quizzes
2 videos
3-2. The Balance Sheet – Liabilities Part 213m
2 readings
Module 3 Overview10m
Module 3 Readings10m
3 practice exercises
Lesson 3-1 Practice Quiz30m
Lesson 3-2 Practice Quiz30m
Module 3 Quiz30m
Week
4

Week 4

4 hours to complete

Module 4: Equity and How the Balance Sheet Fits Together

4 hours to complete
3 videos (Total 21 min), 3 readings, 4 quizzes
3 videos
4-2. The Balance Sheet – Equity Part 24m
Gies Online Programs3m
3 readings
Module 4 Overview10m
Module 4 Readings10m
Congratulations!10m
3 practice exercises
Lesson 4-1 Practice Quiz30m
Lesson 4-2 Practice Quiz30m
Module 4 Quiz30m

Reviews

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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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    • 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.
  • 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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