How to Add Products to Shopify
November 6, 2024
Article
This course is part of multiple programs.
Instructor: Oktay Urcan
157,343 already enrolled
Included with
(4,499 reviews)
(4,499 reviews)
Accounting information and how it is used by different capital market participants
Record financial information and produce the main financial statements
Fundamental accounting concepts and revenue recognition criteria in preparing financial statements,
Conduct the accounting for short-term assets, with a particular focus on accounts receivables and inventories.
Add to your LinkedIn profile
24 assignments
Add this credential to your LinkedIn profile, resume, or CV
Share it on social media and in your performance review
In this course, you will learn the foundations of financial accounting information. You will start your journey with a general overview of what financial accounting information is and the main financial statements. You will then learn how to code financial transactions in financial accounting language. In the meantime, you will learn about the most important concept in contemporary financial accounting: accrual accounting. You will then critically analyze how firms recognize revenues. Finally, you will finish the course with an analysis of accounting for short-term assets, where you will go into detail on how firms account for accounts receivable and inventories.
Upon successful completion of this course, you will be able to: • Understand the main financial statements and the financial information • Write a financial transaction in financial accounting language and understand how this impacts the main financial statements • Understand how accrual accounting and fundamental accounting concepts work • Understand revenue recognition principles and how they impact the main financial statements • Account for accounts receivable and inventories. This course is part of the iMBA offered by the University of Illinois, a flexible, fully-accredited online MBA at an incredibly competitive price. For more information, please see the Resource page in this course and go to onlinemba.illinois.edu.
You will become familiar with the course, your classmates, and our learning environment. The orientation will also help you obtain the technical skills required for the course.
2 videos5 readings1 assignment1 discussion prompt1 plugin
Accounting is the language of business. Managers communicate the results of operations within a firm through accounting to various financial information users including investors and creditors. In this module, you will explore various users of accounting information and the main financial statements they use to acquire accounting information. You will develop an understanding of the particular type of information provided by each financial statement and how financial statements are related to each other.
10 videos4 readings5 assignments
The starting point of financial statements is individual financial transactions. In this module, you will learn how to code financial transactions in accounting language and how to build the main financial statements from these coded financial transactions. This bottom-up approach will help you appreciate the impact of various financial transactions on the main financial statements.
5 videos5 readings5 assignments
Fundamental accounting concepts and revenue recognition principles are at the heart of coding financial transactions in accounting language as well as the preparation of financial statements from these coded financial transactions. Real-life transactions are reflected in financial statements through the lens of these concepts and principles. A good understanding of these concepts and principles will help you understand the type and nature of information you can learn from financial statements.
6 videos4 readings5 assignments1 peer review
One of the major components of a balance sheet is short-term assets, which are assets that can be converted into cash within a year. Accounts receivables and inventories constitute a major part of short-term assets. Understanding accounting for these accounts will help you uncover how these accounts change over time, their valuation, and their usefulness in managerial decision-making.
11 videos6 readings8 assignments1 plugin
We asked all learners to give feedback on our instructors based on the quality of their teaching style.
The University of Illinois at Urbana-Champaign is a world leader in research, teaching and public engagement, distinguished by the breadth of its programs, broad academic excellence, and internationally renowned faculty and alumni. Illinois serves the world by creating knowledge, preparing students for lives of impact, and finding solutions to critical societal needs.
University of Illinois Urbana-Champaign
Build toward a degree
Course
IESE Business School
Course
University of Pennsylvania
Course
Corporate Finance Institute
Course
This course is part of the following degree program(s) offered by University of Illinois Urbana-Champaign. If you are admitted and enroll, your completed coursework may count toward your degree learning and your progress can transfer with you.¹
This course is part of the following degree program(s) offered by University of Illinois Urbana-Champaign. If you are admitted and enroll, your completed coursework may count toward your degree learning and your progress can transfer with you.¹
University of Illinois Urbana-Champaign
Degree · 1 year
University of Illinois Urbana-Champaign
Degree · 4 - 12 months
University of Illinois Urbana-Champaign
Degree · 2 – 3 years
¹Successful application and enrollment are required. Eligibility requirements apply. Each institution determines the number of credits recognized by completing this content that may count towards degree requirements, considering any existing credits you may have. Click on a specific course for more information.
4,499 reviews
78.88%
17.25%
2.35%
0.73%
0.77%
Showing 3 of 4499
Reviewed on Aug 4, 2020
Thank you very much for the University of Illinois and Prof. Oktay. The best explanation ever! Interesting cases and problems! This course helped me to create a strong foundation in accounting.
Reviewed on Jun 6, 2020
The modules were extremely informative and nothing less to say, Oktay sir's presentations were very easy to understand even for a person like me who has no prior knowledge about Financial Accounting.
Reviewed on Jul 14, 2020
Very good overview about the Financial accounting foundations. It was important to myself to expand my mind and have a better understanding of this area and the course achieve my expectation.
Unlimited access to 10,000+ world-class courses, hands-on projects, and job-ready certificate programs - all included in your subscription
Earn a degree from world-class universities - 100% online
Upskill your employees to excel in the digital economy
Once you enroll for a Certificate, you’ll have access to all videos, quizzes, and programming assignments (if applicable). If you choose to explore the course without purchasing, you may not be able to access certain assignments.
You will be eligible for a full refund until 2 weeks after your payment date. You cannot receive a refund once you’ve earned a Course Certificate, even if you complete the course within the 2-week refund period. View our full refund policy.
Yes! Coursera provides financial aid to learners who would like to complete a course but cannot afford the course fee. To apply for aid, select "Learn more and apply" in the Financial Aid section below the "Enroll" button. You'll be prompted to complete a simple application; no other paperwork is required.
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. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.