This course is part of the Introduction to Financial Accounting: The Accounting Cycle Specialization

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302 ratings

Andrea Eliassen

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Offered By

Introduction to Financial Accounting: The Accounting Cycle SpecializationUniversity of California, Irvine

About this Course

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Students are introduced to the field of financial accounting through defining the foundational activities, tools, and users of financial accounting. Students learn to use the accounting equation and are introduced to the four major financial statements. Additional topics include ethical considerations, recording business transactions, and the application of credit/debit rules.

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Course 1 of 3 in the

Introduction to Financial Accounting: The Accounting Cycle Specialization

Beginner Level

Approx. 9 hours to complete

English

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Skills you will gain

Practical Applications
Financial Statement
Practical Applications in Accounting
Accounting Cycle

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 1 of 3 in the

Introduction to Financial Accounting: The Accounting Cycle Specialization

Beginner Level

Approx. 9 hours to complete

English

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

Try Coursera for Business

Instructor

Instructor rating

4.76/5 (145 Ratings)

Andrea Eliassen

Managing Director

9,491 Learners

3 Courses

Offered by

University of California, Irvine

Since 1965, the University of California, Irvine has combined the strengths of a major research university with the bounty of an incomparable Southern California location. UCI’s unyielding commitment to rigorous academics, cutting-edge research, and leadership and character development makes the campus a driving force for innovation and discovery that serves our local, national and global communities in many ways.

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Syllabus - What you will learn from this course

Week

Week 1

2 hours to complete

Introduction to Financial Accounting

2 hours to complete

2 videos (Total 7 min), 2 readings, 2 quizzes

Week

Week 2

2 hours to complete

The Accounting Equation & Financial Statements

In this module we are introduced to the accounting equation and the four basic financial statements. We will start by breaking down the components of the accounting equation: assets, liabilities, and equity. We will then take a look at three out of the four basic financial statements: the income statement, the retained earnings statement, and the balance sheet. In this module's activity we will introduce you to the sum function in Excel, which will be used in the remaining activities for this course.

2 hours to complete

2 videos (Total 12 min), 1 reading, 2 quizzes

Week

Week 3

2 hours to complete

The Accounting Cycle & Analyzing Transactions

In this module we introduce the first step in the accounting cycle: “Analyze Transactions”. By the end of this module you will be able to analyze and record service business transactions within the fundamental accounting equation. First, we will walk through examples of recording business transitions in the video lesson. Then you will complete an activity to practice recording transactions on your own.

2 hours to complete

3 videos (Total 11 min), 2 readings, 2 quizzes

Week

Week 4

2 hours to complete

Analyzing Transactions using the Debit & Credit Rules

2 hours to complete

3 videos (Total 12 min), 2 readings, 2 quizzes

Reviews

4.8

76 reviews

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3 stars
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2 stars
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1 star
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TOP REVIEWS FROM WHAT IS FINANCIAL ACCOUNTING?

by OMJan 18, 2022

I am glad to get beneficial information from this course. Thanks very much!

by AKJul 24, 2021

The course was really interactive and interesting. The activities made the concept more easy to understand. The teaching style was also very interesting

by KTFeb 5, 2022

Lessons broken down in easy to follow modules with examples of what being discussed. Quizes further developed my understanding of the material.

by WOOct 28, 2022

This course is very detailed oriented and gives you a clear structure to the basics of financial accounting. It will give you the confidents and first steps to understanding accounting!

View all reviews

About the Introduction to Financial Accounting: The Accounting Cycle Specialization

In this hands-on Specialization you will practice completing each step of the accounting cycle within Microsoft Excel, from analyzing and recording the first financial transactions of the year all the way through starting the new fiscal year.

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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What is Financial Accounting?

About this Course

Skills you will gain