About this Specialization

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Accounting is the “language of business.” Being able to understand this language allows individuals both inside and outside of an organization to join the “conversation” about how the organization is performing and how it can improve future performance. Financial accounting focuses on the reports that managers generate to provide interested external parties a summary of the firm’s financial position and operations. Managerial accounting focuses on the information and the analytical tools and techniques that help managers and employees make the right business decisions. In this Specialization, you will learn the fundamentals of both of these purposes of accounting. More specifically, you will understand the financial statements that managers create, and be able to interpret and analyze these statements to assess the financial position of the organization. You will also identify and understand the nature, purpose, and importance of different types of decision-useful accounting information, and use analytical tools and techniques to use this information to make business decisions. Via the capstone, you will apply these fundamentals via the lens of a new business, creating a business plan, forecasts and budgets, and anticipated information needs for decisions made by you as owner and manager, your employees, and external parties such as future shareholders, creditors, and other constituents.
Learner Career Outcomes
33%
Started a new career after completing this specialization.
25%
Got a pay increase or promotion.
Shareable Certificate
Earn a Certificate upon completion
100% online courses
Start instantly and learn at your own schedule.
Flexible Schedule
Set and maintain flexible deadlines.
Beginner Level
Approx. 6 months to complete
Suggested 4 hours/week
English
Subtitles: English, Arabic
Learner Career Outcomes
33%
Started a new career after completing this specialization.
25%
Got a pay increase or promotion.
Shareable Certificate
Earn a Certificate upon completion
100% online courses
Start instantly and learn at your own schedule.
Flexible Schedule
Set and maintain flexible deadlines.
Beginner Level
Approx. 6 months to complete
Suggested 4 hours/week
English
Subtitles: English, Arabic

There are 5 Courses in this Specialization

Course1

Course 1

Understanding Financial Statements: Company Position

4.8
stars
668 ratings
165 reviews
Course2

Course 2

Understanding Financial Statements: Company Performance

4.7
stars
507 ratings
139 reviews
Course3

Course 3

Accounting for Business Decision Making: Measurement and Operational Decisions

4.1
stars
103 ratings
16 reviews
Course4

Course 4

Accounting for Business Decision Making: Strategy Assessment and Control

4.2
stars
72 ratings
16 reviews

Offered by

University of Illinois at Urbana-Champaign logo

University of Illinois at Urbana-Champaign

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  • Yes! To get started, click the course card that interests you and enroll. You can enroll and complete the course to earn a shareable certificate, or you can audit it to view the course materials for free. When you subscribe to a course that is part of a Specialization, you’re automatically subscribed to the full Specialization. Visit your learner dashboard to track your progress.

  • Yes, Coursera provides financial aid to learners who cannot afford the fee. Apply for it by clicking on the Financial Aid link beneath the "Enroll" button on the left. You'll be prompted to complete an application and will be notified if you are approved. You'll need to complete this step for each course in the Specialization, including the Capstone Project. Learn more.

  • When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. If you only want to read and view the course content, you can audit the course for free. If you cannot afford the fee, you can apply for financial aid.

  • This course is completely online, so there’s no need to show up to a classroom in person. You can access your lectures, readings and assignments anytime and anywhere via the web or your mobile device.

  • This Specialization doesn't carry university credit, but some universities may choose to accept Specialization Certificates for credit. Check with your institution to learn more. Online Degrees and Mastertrack™ Certificates on Coursera provide the opportunity to earn university credit.

  • Time to completion can vary widely based on your schedule, most learners are able to complete the Specialization in 5-7 months.

  • No background knowledge is necessary for this Specialization.

  • It is recommended that the courses in the Specialization be taken in the order outlined. Some courses do list other courses as prerequisites. In the Capstone Project, you will have the opportunity to synthesize your learning in all four courses and apply your combined skills in a final project.

  • You will be able to understand the financial statements that managers create and provide to company stakeholders (including current and potential stockholders, creditors, regulatory agencies, etc.). You will also be able to identify and understand the nature, purpose, and importance of different types of decision-useful accounting information, and apply this information to common business decisions.

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