About this Course
7,653 recent views

100% online

Start instantly and learn at your own schedule.

Flexible deadlines

Reset deadlines in accordance to your schedule.

Intermediate Level

Approx. 8 hours to complete

Suggested: 3-5 hours/week...

English

Subtitles: English, Arabic
Learners taking this Course are
  • Chief Financial Officers (CFOs)
  • Accountants
  • Economists
  • Account Managers
  • Financial Analysts

100% online

Start instantly and learn at your own schedule.

Flexible deadlines

Reset deadlines in accordance to your schedule.

Intermediate Level

Approx. 8 hours to complete

Suggested: 3-5 hours/week...

English

Subtitles: English, Arabic

Syllabus - What you will learn from this course

Week
1
1 hour to complete

Course Orientation

1 video (Total 2 min), 4 readings, 1 quiz
4 readings
Syllabus10m
About the Discussion Forums10m
Update Your Profile10m
Build a Learning Community with Social Media10m
1 practice exercise
Orientation Quiz10m
1 hour to complete

Module 1: Introduction to Financial Accounting Terminology

4 videos (Total 19 min), 1 reading, 4 quizzes
4 videos
Lesson 1.1: Transaction and Transaction Worksheet4m
Lesson 1.2: T-Accounts, Debit, and Credit7m
Lesson 1.3: Journal Entry, Ledger, Trial Balance6m
1 reading
Module 1 Overview10m
4 practice exercises
Lesson 1.1 Knowledge Check12m
Lesson 1.2 Knowledge Check12m
Lesson 1.3 Knowledge Check8m
Module 1 Graded Quiz20m
Week
2
2 hours to complete

Module 2: Formal Financial Accounting for Assets

4 videos (Total 24 min), 2 readings, 4 quizzes
4 videos
Lesson 2.1: Accounts Receivables11m
Lesson 2.2: Inventories4m
Lesson 2.3: Plant, Property, and Equipment (PPE)7m
2 readings
Module 2 Overview10m
Additional Resources10m
4 practice exercises
Lesson 2.1 Knowledge Check14m
Lesson 2.2 Knowledge Check10m
Lesson 2.3 Knowledge Check10m
Module 2 Graded Quiz20m
Week
3
1 hour to complete

Module 3: Formal Financial Accounting for Liabilities and Shareholders’ Equity

4 videos (Total 19 min), 1 reading, 4 quizzes
4 videos
Lesson 3.1: Short-Term Liabilities6m
Lesson 3.2: Long-Term Liabilities4m
Lesson 3.3: Shareholders’ Equity7m
1 reading
Module 3 Overview10m
4 practice exercises
Lesson 3.1 Knowledge Check10m
Lesson 3.2 Knowledge Check10m
Lesson 3.3 Knowledge Check10m
Module 3 Graded Quiz20m
Week
4
1 hour to complete

Module 4: Applications of Formal Financial Accounting

2 videos (Total 15 min), 1 reading, 1 quiz
2 videos
Module 4 Application Example14m
1 reading
Module 4 Overview10m
1 practice exercise
Module 4 Graded Quiz38m
4.6
13 ReviewsChevron Right

Top reviews from Formal Financial Accounting

By AHDec 9th 2017

The lectures are great and easy to understand, and the examples are well explained and easy to follow. The professor explains the material in a very understandable way .

By JNFeb 10th 2018

Absolutely loved this course! It was a great compliment to the two other accounting classes I have taken

Instructor

Avatar

Oktay Urcan

Associate Professor of Accountancy
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. ...

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 purchase a Certificate you get access to all course materials, including graded assignments. Upon completing the course, 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.