Financial Accounting

• Coursera: Financial Accounting: Foundations & Financial Accounting: Advanced Topics
• Illinois Catalog ACCY 500: Financial Accounting
• Offered in Fall Term (Aug-Dec)

This course is part of the Financial Management Specialization.

Course Description

The purpose of this course is to provide you with a basic understanding of the financial reporting process. Although the course principally concentrates on the production of financial statements, the main aim is to provide you an appreciation of the production process that is sufficiently detailed so that you have the ability to successfully analyze and interpret a relatively complex set of financial statements, in different contexts.

In addition, this course will aim to equip you with the ability to extract useful information from accounting data for the purpose of decision-making, which is an important skill that will often be used in a number of other courses and throughout your professional career.

Instructor

Topics of this course

• Module 1: Introduction to Financial Accounting
• Module 2: Recording Transactions and Financial Statement Preparation
• Module 3: Fundamental Accounting Concepts and Revenue Recognition
• Module 4: Short-Term Assets
• Module 5: Long-Term Assets
• Module 6: Liabilities
• Module 7: Shareholders’ Equity
• Module 8: Cash Flows Statement

Course Materials

• There is no required textbook for this course.
• Optional readings are assigned from the following textbook:Financial Accounting, by Harrison, Horngren, Thomas, and Tietz (HH) (Publisher: Pearson Higher Education/Prentice Hall, 11th ed.).
• Please refer to the individual module agendas for further information.

Live Session Schedule (Tentative)

Course Elements

IN COURSERA

• Lecture Videos.
• Readings.
• Module Quizzes.
• Peer-Reviewed Assignment.

IN COMPASS 2G

• Individual Assignments/Quizzes.
• Group Assignments.
• Final Exam
• Peer Evaluation.
• Live Sessions. with the instructors occur every week.