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Financial Accounting Fundamentals, University of Virginia

4.8
428 ratings
115 reviews

About this Course

This course 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. By the end of this course, you will be able to: - Use journal entries to record transactions - Prepare and use t-accounts to summarize transactions recorded during an accounting period - Describe the three most commonly used financial statements and how they fit together - Prepare these financial statements based on transactions recorded during an accounting period - Draw basic conclusions about a company's financial health...

Top reviews

By JK

Mar 14, 2018

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!

By PG

Jul 31, 2017

One of the Best course on Financial Accounting. Gives end to end hands on experience of entire Accounting Cycle. Quizzes are really engaging and require hands on working in many cases.

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113 Reviews

By M. C. Ocana

Apr 20, 2019

The content of this course is comprehensive, clear and well-structured; therefore, I would definitely recommend it to my colleagues.

I would rate the performance of Professor Luann J. Lynch as excellent; she has definitely made me quite easy, a first approach to accounting.

Thanks to the University of Virginia and congratulations on this course.

By Pragya Rawat

Apr 19, 2019

Fantastic professor, the best i have come across. Thank you so much.

By daniyel kim

Apr 19, 2019

The indirect cash flow method was not explained well.

By Michael Cano

Apr 08, 2019

Wonderful to get to know a topic I always dreaded.

One quick note note using split screen while the instructor is writing a notes/equations down w can also refer to the numbers/balance sheets/transactions she is referring to.

Thanks and will look at another course to take before the summer begins!

By ZhaoDong

Apr 04, 2019

Very well-organised course taught by very powerful lecturer. Lectures combined with tutorial course enable me to understand even better.

By Andrew Thomas McCormack

Apr 01, 2019

Love this course and the instructor!

By Kelash Kumar

Mar 28, 2019

Very nice course, I learned a lot and enjoyed online learning.

By Thai Minh Trang Phung

Mar 25, 2019

this course is very helpful

By Yanet Quiroz

Mar 21, 2019

This was a great class overall!

By Homero J. Oria Aguilera

Mar 19, 2019

A lot of fun for beginners like me! I think I can create and manage a Garden Spot! Thank to Ms. Luann Lynch and the University of Virginia.