This course builds upon what you learned in Financial Accounting: Foundations and Financial Accounting: Advanced Topics and introduces you to formal foundations of financial accounting. The main purpose of the course is to familiarize you with technical terms in financial accounting, such as debit, credit and T-account. While knowledge on technical aspects of financial accounting is not necessary to understand and interpret financial statements, this knowledge is critical to be able to understand advanced topics in accounting. Formal Financial Accounting is a prerequisite course for the University of Illinois' iMSA program and the terminology we will cover will be used throughout the courses in iMSA program.
Offered By
Formal Financial Accounting
University of Illinois at Urbana-ChampaignAbout this Course
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Coursera Labs
Includes hands on learning projects.
Learn more about Coursera Labs Intermediate Level
Approx. 10 hours to complete
English
Could your company benefit from training employees on in-demand skills?
Try Coursera for BusinessFlexible deadlines
Reset deadlines in accordance to your schedule.
Shareable Certificate
Earn a Certificate upon completion
100% online
Start instantly and learn at your own schedule.
Coursera Labs
Includes hands on learning projects.
Learn more about Coursera Labs Intermediate Level
Approx. 10 hours to complete
English
Could your company benefit from training employees on in-demand skills?
Try Coursera for BusinessSyllabus - What you will learn from this course
2 hours to complete
Course Orientation
2 hours to complete
2 videos (Total 2 min), 5 readings, 1 quiz
2 hours to complete
Module 1: Introduction to Financial Accounting Terminology
2 hours to complete
4 videos (Total 19 min), 1 reading, 4 quizzes
3 hours to complete
Module 2: Formal Financial Accounting for Assets
3 hours to complete
4 videos (Total 24 min), 2 readings, 4 quizzes
2 hours to complete
Module 3: Formal Financial Accounting for Liabilities and Shareholders’ Equity
2 hours to complete
4 videos (Total 19 min), 1 reading, 4 quizzes
1 hour to complete
Module 4: Applications of Formal Financial Accounting
1 hour to complete
2 videos (Total 15 min), 2 readings, 1 quiz
Reviews
- 5 stars81.84%
- 4 stars14.12%
- 3 stars2.01%
- 2 stars1.44%
- 1 star0.57%
TOP REVIEWS FROM FORMAL FINANCIAL ACCOUNTING
by JGJul 7, 2020
Learn Very Interesting Financial Skills in Financial Sector. Thanks You.
by LSAug 11, 2021
Really good course and the instructor explains very well the material.
by EDDec 14, 2020
Professor Urcan was excellent in his presentations / lectures. Very useful for me - as a refresher course for what I am currently consulting on.
by JNFeb 10, 2018
Absolutely loved this course! It was a great compliment to the two other accounting classes I have taken
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