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University of Illinois at Urbana-Champaign

Fundamentals of Accounting

University of Illinois at Urbana-Champaign via Coursera Specialization

Overview

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.

Syllabus

Course 1: Understanding Financial Statements: Company Position
- Offered by University of Illinois at Urbana-Champaign. This course is designed to provide a basic understanding of financial statements with ... Enroll for free.

Course 2: Understanding Financial Statements: Company Performance
- Offered by University of Illinois at Urbana-Champaign. This course is designed to provide a basic understanding of financial statements with ... Enroll for free.

Course 3: Accounting for Business Decision Making: Measurement and Operational Decisions
- Offered by University of Illinois at Urbana-Champaign. Accounting information is the lifeblood of the organization as it facilitates and ... Enroll for free.

Course 4: Accounting for Business Decision Making: Strategy Assessment and Control
- Offered by University of Illinois at Urbana-Champaign. Accounting information is the lifeblood of the organization, as it facilitates and ... Enroll for free.

Course 5: Fundamentals of Accounting Capstone
- Offered by University of Illinois at Urbana-Champaign. **You should complete all other courses in the Fundamentals of Accounting ... Enroll for free.

Courses

Taught by

Gary Hecht, Ph.D., Kevin E. Jackson and Sharon P. Cox, Ph.D.

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