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Learner Reviews & Feedback for Accounting Analysis I: The Role of Accounting as an Information System by University of Illinois Urbana-Champaign

4.8
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717 ratings

About the Course

This course is the first course in a five-course Financial Reporting Specialization that covers the collection, processing, and communication of accounting information (via financial reports) about economic entities to interested parties (i.e., managers and external stakeholders such as stockholders and creditors). To gain the most relevant knowledge from these courses, learners should have taken a basic accounting course prior to this Specialization (which can be done through Coursera courses, such as any accounting course from the Fundamentals of Accounting Specialization: https://www.coursera.org/specializations/accounting-fundamentals). This Specialization focuses on accounting concepts, principles and theory with an emphasis on problems that arise in applying these concepts for external reporting purposes. Specific emphasis is placed on measurement of assets, liabilities, equities and income, as well as disclosure of additional information that may assist users understand the financial reports. After a brief introduction to the course, we will spend time understanding the overall financial accounting structure and standards as well as review the fundamental accounting process used to prepare the financial statements, which will establish a framework for the study of the concepts in the remaining courses in the Financial Reporting Specialization. In this course, we will begin our review of key information included in the Balance Sheet and Income Statement and their related financial disclosures. The Statement of Cash Flows will be introduced briefly with more discussion to follow in later courses of the Specialization. Also, we will provide a cursory review of key concepts involving time value of money as we will finish this course with focus on revenue recognition, including discussion of the new revenue standard. We will review the general approach for recognizing revenue, special issues affecting revenue recognition including long-term construction contracts. In addition, we will discuss and review common ratios used in profitability analysis. The University of Illinois at Urbana-Champaign, consistently ranked as one of the nation's top three accounting programs, now offers a master’s in accounting at a very affordable tuition rate and is completely online. The iMSA is a full Master of Accountancy program and students graduate with an MS that is highly recognized. Try an open course or two, then apply for admission into the credit-bearing version as you may be eligible to take credit-bearing courses during the application process. If you are missing any prerequisites for the full degree, you can complete Coursera courses to demonstrate readiness and strengthen your application for the iMSA. For more information on this exciting iMSA online program, refer to this link: https://www.coursera.org/degrees/imsa...

Top reviews

GY

Jun 7, 2020

good learning, learnt lots of thing like revenue recognizetion balance sheet reading etc

KS

Feb 27, 2022

Topics in this course were immediately relevent and helpful in my everyday work. Looking forwardto Accounting Analysis II.

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101 - 125 of 150 Reviews for Accounting Analysis I: The Role of Accounting as an Information System

By Eireen A G

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Aug 18, 2020

The course is great review tool.

By JUAN S

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Apr 25, 2021

Excellent! Thank you very much.

By Subham P

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Mar 19, 2021

Excellent course for learning

By RITHEESH V V

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Jul 13, 2020

Excellent & Looking Forward

By Yaw A

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Aug 12, 2022

Course content is great.

By C M

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Aug 27, 2020

I learn a lot, thank you

By İsmailcan K

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Apr 10, 2021

Perfect Experience!

By laiba y

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Mar 20, 2023

VERY INTERESTING

By Fouad R

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Nov 18, 2020

VERY INTERESTING

By Motilall M

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Oct 19, 2020

Very informative

By PRANAV K

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Oct 11, 2020

Very informative

By Gourav a

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Oct 1, 2021

Nice Experience

By Annaly B O

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Dec 23, 2020

I learn a lot..

By John C

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Jul 15, 2021

Great content!

By ABRAHAM J T W

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Aug 16, 2020

perfect course

By Fransisca S R

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Apr 19, 2021

great class!!

By Michael E H

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Dec 19, 2020

Great course!

By Shaiane P K

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Sep 13, 2020

Great course.

By Stephanie C

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Jul 7, 2022

Very useful.

By Beni E P

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May 8, 2021

Great course

By Reitze R

•

Oct 4, 2025

Loved tbis

By Josué L

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Mar 2, 2022

EXCELLENT!

By khurram s

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Dec 18, 2021

Excellent

By KENNEY P

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Mar 8, 2021

Excellent

By Nilgun A

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Oct 20, 2021

Amazing