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University of Lausanne

Accounting 1

This is part of a two-class sequence on financial accounting. FINANCIAL ACCOUNTING I & II, held consecutively, will provide you with a strong foundation to tackle many financial issues. Accounting I covers the basics, while Accounting II deals with more advanced topics. The topics discussed are “general” and apply to accounting practices worldwide – whether in the USA, Europe, Asia, etc. You can take Accounting I on a standalone basis, or, you can take it as part of a two course sequence. Accounting is “the language of business”. It is spoken by managers, employees, investors, financial analysts, internal and external auditors, supervisory boards, management accountants, bankers and other decision-makers with whom managers regularly interact. It is widely agreed that future business leaders need to understand this language in order to interpret and use financial statements and other accounting information for internal management purposes (e.g., planning, directing, controlling) as well as corporate communication purposes (e.g., capital markets, banks, rating agencies). If you want to compete in this arena, it will be useful for you to acquire a working knowledge of accounting. This class is targeted to students having little, if any, background in financial accounting. At the end of the day, numbers are what matter in the business world. You just cannot escape them; hence, you should learn them well. Contrary to what you might believe, you cannot become a successful professional unless you master the numbers of the financial world. This is the class that will teach you how.

Status: Profit and Loss (P&L) Management
Status: General Accounting
BeginnerCourse22 hours

Featured reviews

AA

5.0Reviewed Apr 8, 2025

Sure! Could you clarify what you'd like a review of? It could be a product, service, book, movie, or anything else. Let me know so I can write a thoughtful review for you!

OH

5.0Reviewed Aug 21, 2025

I can now talk to external accountants with more confidence and I finally understand well what the numbers on the balance sheet, income statement and cash flow statement mean.

N

5.0Reviewed Aug 1, 2025

Fantastic course to learn the basics of accounting. The professor is also very easily understandable and fun to learn from!

AS

5.0Reviewed Feb 7, 2025

Very interesting course, highly recommended. The teacher explains very well and clearly.

CR

4.0Reviewed Jun 11, 2025

I like how the module gives important information and highlights the key parts of accounting.

KE

5.0Reviewed Dec 5, 2024

Coursera class is very useful for understanding on more of the normal class

DH

5.0Reviewed Sep 4, 2025

Incredibly engaging, clear examples and especially the explanations on the questions for wrong answers were very helpful in the learning process

IT

5.0Reviewed Apr 27, 2025

Very good course for begginners to start to understand Accounting.

TH

5.0Reviewed Jul 27, 2025

good practice assignments, enjoyable lectures and concise readings

HH

5.0Reviewed Sep 9, 2025

Worth of spending time . Really understandable learning techniques and I really love it.

MC

5.0Reviewed Mar 24, 2025

so hard, so difficult subject yet taught as if its very easy

NK

5.0Reviewed Dec 5, 2024

The explanations are clear and the practice quizzes are helpful.

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