This course builds upon what you learned in Financial Accounting: Foundations and Financial Accounting: Advanced Topics and introduces you to formal foundations of financial accounting. The main purpose of the course is to familiarize you with technical terms in financial accounting, such as debit, credit and T-account. While knowledge on technical aspects of financial accounting is not necessary to understand and interpret financial statements, this knowledge is critical to be able to understand advanced topics in accounting. Formal Financial Accounting is a prerequisite course for the University of Illinois' iMSA program and the terminology we will cover will be used throughout the courses in iMSA program.
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Formal Financial Accounting
University of Illinois at Urbana-ChampaignAbout this Course
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Try Coursera for BusinessSyllabus - What you will learn from this course
Course Orientation
Module 1: Introduction to Financial Accounting Terminology
Module 2: Formal Financial Accounting for Assets
Module 3: Formal Financial Accounting for Liabilities and Shareholders’ Equity
Module 4: Applications of Formal Financial Accounting
Reviews
- 5 stars81.79%
- 4 stars14.16%
- 3 stars2.02%
- 2 stars1.44%
- 1 star0.57%
TOP REVIEWS FROM FORMAL FINANCIAL ACCOUNTING
Its a good course overall. Especially for those who had Science stream in their high school and have taken Finance in their Undergrad
Professor Urcan was excellent in his presentations / lectures. Very useful for me - as a refresher course for what I am currently consulting on.
The course ties in the other ones nicely. Its "final exam" was a great real-world application. It should've been combined with the other two classes though!
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 .
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