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
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

There are 5 Courses in this Specialization

Course1

Course 1

Understanding Financial Statements: Company Position

4.8
stars
870 ratings
204 reviews
Course2

Course 2

Understanding Financial Statements: Company Performance

4.7
stars
624 ratings
164 reviews
Course3

Course 3

Accounting for Business Decision Making: Measurement and Operational Decisions

4.1
stars
118 ratings
22 reviews
Course4

Course 4

Accounting for Business Decision Making: Strategy Assessment and Control

4.1
stars
85 ratings
20 reviews

Offered by

Placeholder

University of Illinois at Urbana-Champaign

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