Back to Financial Accounting Fundamentals
University of Virginia

Financial Accounting Fundamentals

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. 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

Status: Annual Reports
Status: Generally Accepted Accounting Principles (GAAP)
BeginnerCourse13 hours

Featured reviews

DY

5.0Reviewed Nov 17, 2021

Finally passed this course. Really recommended course for you started to learn about financial and accounting. The instructor was delivered knowladge easily to understand and attention to detail.

MA

5.0Reviewed Jun 14, 2020

Really great course, has given me better & clear understanding in constructing all financial aspect of my business. Can't wait to apply for company profiling for investment.

JR

5.0Reviewed Sep 4, 2020

The concepts learned during this course made possible for me to present the project financials in a better way to the director. This course should be a must for all of us in the project management.

JK

5.0Reviewed Mar 13, 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!

LB

5.0Reviewed Sep 30, 2020

This is a great course with very helpful instruction. The course provides a lot of opportunities for hands-on work to apply the concepts and solidify one’s understanding of the topics.

DN

5.0Reviewed Jun 18, 2020

Its what I was looking for in taking this course. Rigorous, yet most beneficial. Prof Lynn is an outstanding instructor; she explains things super well from the very basic principles.

YY

5.0Reviewed Jan 23, 2019

This course gives me a practical understanding of accounting principles and key financial statements, which is helpful for my work. Strongly recommend to my friends and colleagues

MY

5.0Reviewed Aug 1, 2020

Excellent way of teaching by the professor.Excellent course . I learnt all the basic terminologies related to finance.Luyaan's pedagogy is classic and very explicable...thank you coursera

PB

5.0Reviewed Jan 7, 2020

This course is really helpful especially for those who are in the Accounting field. This will give more practical view on what we already know. Thank you for the Coursera Team.

RA

5.0Reviewed Mar 8, 2023

Great course by all standards, the flair, and tact with which Professor Lynch presents the content of accounting is concise and down to earth and for me is a great mark of class.

CL

5.0Reviewed Sep 14, 2020

Just amazing! The lecturer is the best i have ever encountered in coursera! Thank you so much for making this enjoyable! Hoping to join all other courses in this specialization as well!!!

TR

4.0Reviewed Jun 27, 2020

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.

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