About this Course

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Learner Career Outcomes

43%

started a new career after completing these courses

39%

got a tangible career benefit from this course

21%

got a pay increase or promotion
Shareable Certificate
Earn a Certificate upon completion
100% online
Start instantly and learn at your own schedule.
Flexible deadlines
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Beginner Level

No prior experience needed to participate in and benefit from this course.

Approx. 14 hours to complete
English

What 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 AccountingAccountingFinancial StatementBalance Sheet

Learner Career Outcomes

43%

started a new career after completing these courses

39%

got a tangible career benefit from this course

21%

got a pay increase or promotion
Shareable Certificate
Earn a Certificate upon completion
100% online
Start instantly and learn at your own schedule.
Flexible deadlines
Reset deadlines in accordance to your schedule.
Beginner Level

No prior experience needed to participate in and benefit from this course.

Approx. 14 hours to complete
English

Offered by

Placeholder

University of Virginia

Syllabus - What you will learn from this course

Content RatingThumbs Up97%(9,545 ratings)Info
Week
1

Week 1

3 hours to complete

Introduction to Financial Accounting, the Financial Statements, and the Balance Sheet

3 hours to complete
14 videos (Total 65 min), 2 readings, 2 quizzes
14 videos
What Is Accounting?53s
3 Sets of Books3m
An Informational Role for Financial Accounting2m
Accounting Standards Inside the U.S.11m
Accounting Standards Outside the U.S.5m
The Financial Statements1m
The Financial Statements: A Framework3m
The Accounting Cycle2m
The Balance Sheet5m
Assets14m
Liabilities8m
Owners' Equity1m
The Balance Sheet: A Summary2m
2 readings
Welcome to the Specialization10m
Course Overview10m
2 practice exercises
Week 1 Practice Quiz36m
Week 1 Graded Quiz36m
Week
2

Week 2

2 hours to complete

Introduction to Recording Transactions

2 hours to complete
13 videos (Total 61 min)
13 videos
T-Accounts: A Tutorial4m
Journal Entries: A Tutorial3m
Recording Transactions: Example 15m
Recording Transactions: Example 24m
Recording Transactions: Example 36m
Recording Transactions: Your Turn10m
Introduction to TGS Year 15m
TGS Year 1: Transaction 16m
TGS Year 1: Transaction 24m
TGS Year 1: Transaction 32m
TGS Year 1: Transaction 41m
TGS Year 1: Transaction 5 and a Summary3m
2 practice exercises
Week 2 Practice Quiz36m
Week 2 Graded Quiz36m
Week
3

Week 3

3 hours to complete

The Income Statement, Revenue and Expense Transactions, and Adjusting Entries

3 hours to complete
14 videos (Total 94 min)
14 videos
Revenues5m
Expenses9m
The Income Statement: A Summary2m
Revenue and Expense Transactions: A Tutorial11m
Recording Revenue and Expense Transactions: Your Turn7m
TGS Year 1: Transaction 67m
TGS Year 1: Transaction 72m
TGS Year 1: Transaction 84m
Adjusting Entries: A Tutorial9m
Recording Adjusting Entries: Your Turn16m
TGS Year 1: Transaction 93m
TGS Year 1: Transaction 104m
TGS Year 1: Transaction 11 and a Summary4m
2 practice exercises
Week 3 Practice Quiz30m
Week 3 Graded Quiz30m
Week
4

Week 4

3 hours to complete

The Statement of Cash Flows, Financial Statement Preparation

3 hours to complete
16 videos (Total 108 min)
16 videos
TGS Year 1: Preparing the Income Statement7m
TGS Year 1: Preparing the Balance Sheet6m
TGS Year 1: Revisiting the Financial Statement Framework2m
A Managerial Approach to Recording Transactions6m
Transactions from the Viewpoint of a Manager17m
Introduction to the Statement of Cash Flows6m
Explaining the Change in Cash: A Tutorial10m
TGS Year 1: Preparing the Operating Activities Section of the Statement of Cash Flows10m
TGS Year 1: Preparing the Investing Activities Section of the Statement of Cash Flows2m
TGS Year 1: Preparing the Financing Activities Section of the Statement of Cash Flows6m
Closing Entries40s
The Statement of Cash Flows: A Conceptual Understanding10m
TGS Year 1: Using the Direct Method to Prepare the Statement of Cash Flows6m
TGS Year 1: Using the Indirect Method to Prepare the Statement of Cash Flows8m
The Direct and Indirect Methods: A Summary3m
2 practice exercises
Week 4 Practice Quiz30m
Week 4 Graded Quiz30m

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