This course, developed at the Darden School of Business at the University of Virginia and taught by top-ranked faculty, will teach you the tools you'll need to understand the fundamentals of financial accounting. Concise videos, the financial records of a small business, and "your turn" activities guide you through the three most commonly used financial statements: the Balance Sheet, the Income Statement, and the Statement of Cash Flows. Beyond recording transactions, you'll learn how to prepare these financial statements, and read and analyze them to draw basic conclusions about a company's financial health.
This course is part of the Entrepreneurship: Growing Your Business Specialization
Offered By


About this Course
No prior experience needed to participate in and benefit from this course.
Could your company benefit from training employees on in-demand skills?
Try Coursera for BusinessWhat you will learn
How to use journal entries to record transactions and prepare and use t-accounts to summarize transactions recorded during an accounting period
The three most commonly used financial statements and how they fit together
How to prepare these financial statements based on transactions recorded during an accounting period
How to draw basic conclusions about a company's financial health
Skills you will gain
- Financial Accounting
- Accounting
- Financial Statement
- Balance Sheet
No prior experience needed to participate in and benefit from this course.
Could your company benefit from training employees on in-demand skills?
Try Coursera for BusinessOffered by
Syllabus - What you will learn from this course
Introduction to Financial Accounting, the Financial Statements, and the Balance Sheet
Introduction to Recording Transactions
The Income Statement, Revenue and Expense Transactions, and Adjusting Entries
The Statement of Cash Flows, Financial Statement Preparation
Reviews
- 5 stars85.52%
- 4 stars12.72%
- 3 stars1.06%
- 2 stars0.38%
- 1 star0.29%
TOP REVIEWS FROM FINANCIAL ACCOUNTING FUNDAMENTALS
Short and complete coverage on key aspects of financial statements. Excellent course. You would surprise how well you could understand financial statements after this course.
The only reason this is not a perfect rating, is based on the duration of the course. There is valuable knowledge and it is well taught. However, it seems rushed to meet the 5 week timeline.
The lecturer clearly explained all concepts which made it easy for me to understand. I would recommend the course to anyone who would want to study financial Accounting Fundamentals.
Definitely the best online course I have taken. You get to learn a lot from this short term course and feel confident and ready to move onto more advanced topics in accounting. Highly recommended!
About the Entrepreneurship: Growing Your Business Specialization

Frequently Asked Questions
When will I have access to the lectures and assignments?
What will I get if I subscribe to this Specialization?
Is financial aid available?
More questions? Visit the Learner Help Center.