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

4.8
stars
83 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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This course covers the basic procedures involved in recording financial entries in Journals and Ledgers. Upon completing this course, you will be able to analyze and record various business transactions. You will also learn about the accounting cycle, posting transactions, accrual accounting, and cash accounting. You will also have the opportunity to practice these skills through a series of activities that provide real world experience.

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Course 2 of 3 in the

Introduction to Financial Accounting: The Accounting Cycle Specialization

Approx. 10 hours to complete

English

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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 2 of 3 in the

Introduction to Financial Accounting: The Accounting Cycle Specialization

Approx. 10 hours to complete

English

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

Try Coursera for Business

Instructor

Instructor rating

4.87/5 (32 Ratings)

Andrea Eliassen

Managing Director

10,323 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

Week1

Week 1

3 hours to complete

Recording Transactions in the General Journal

3 hours to complete

3 videos (Total 10 min), 2 readings, 2 quizzes

Week2

Week 2

3 hours to complete

Posting Transactions for the General Journal to the Ledger

3 hours to complete

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

Week3

Week 3

3 hours to complete

The Trial Balance & Correcting Entries

3 hours to complete

3 videos (Total 8 min), 2 readings, 2 quizzes

Week4

Week 4

3 hours to complete

Accrual Accounting vs. Cash Accounting

In this module we will introduce and learn to differentiate between cash accounting and accrual accounting. We will begin by reviewing key concepts related to accrual accounting including the periodicity assumption, the expense recognition principle, the revenue recognition principle, and the matching principle. You will then have the opportunity to work through example problems on your own in this module's activity.

3 hours to complete

3 videos (Total 9 min), 2 readings, 2 quizzes

Reviews

4.8

22 reviews

5 stars
81.92%
4 stars
16.86%
1 star
1.20%

TOP REVIEWS FROM RECORDING IN JOURNALS & POSTING IN LEDGERS

by TAJun 9, 2021

Quick and practical course on the topic. Some minor errors in the assessment questions needs to be refreshed.

by ECFeb 14, 2022

The examples given made the accounting principles clear and understandable.

by VVJun 19, 2021

Excellent course! Easy to understand and follow. The instructor is extremely clear in walking through the terms and examples. Recommended definitely!

by MPSep 13, 2022

Easy to understand, clear and simple instructions.

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.

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Recording in Journals & Posting in Ledgers

About this Course