Monthly Subscription Starting at AED 99 + VAT

Formal Financial Accounting
  • Level Professional
  • Duration 10 hours
  • Course by University of Illinois Urbana-Champaign
  • Offered by

About

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. The University of Illinois at Urbana-Champaign, consistently ranked as one of the nation's top three accounting programs, now offers a master’s in accounting at a very affordable tuition rate and is completely online. The iMSA is a full Master of Accountancy program and students graduate with a highly recognized master degree. Try an open course or two, then apply for admission into the credit-bearing version, as you may be eligible to take credit-bearing courses during the application process. If you are missing any prerequisites for the full degree, you can complete Coursera courses to demonstrate readiness and strengthen your application for the iMSA. For more information on this exciting online master's in accounting program, refer to this link: https://www.coursera.org/university-programs/imsa 

Modules

About the Course

    • 2 Videos
    • 3 Readings
    • 1 Assignment
Show info about module content

1 Assignment

  • Orientation Quiz

2 Videos

  • Welcome by Professor Urcan
  • Learn on Your Terms

3 Readings

  • Syllabus
  • About the Discussion Forums
  • Online Education at Gies College of Business

About Your Classmates

    • 2 Readings
    • 1 Discussion
Show info about module content

1 Discussions

  • Get to Know Your Classmates

2 Readings

  • Update Your Profile
  • Build a Learning Community with Social Media

Module 1 Lesson Guide

    • 1 Readings
Show info about module content

1 Readings

  • Module 1 Overview

Lesson 1.0: Module 1 Introduction

    • 1 Videos
Show info about module content

1 Videos

  • Lesson 1.0: Module 1 Introduction

Lesson 1.1: Transaction and Transaction Worksheet

    • 1 Videos
    • 1 Assignment
Show info about module content

1 Assignment

  • Lesson 1.1 Knowledge Check

1 Videos

  • Lesson 1.1: Transaction and Transaction Worksheet

Lesson 1.2: T-Accounts, Debit and Credit

    • 1 Videos
    • 1 Assignment
Show info about module content

1 Assignment

  • Lesson 1.2 Knowledge Check

1 Videos

  • Lesson 1.2: T-Accounts, Debit, and Credit

Lesson 1.3: Journal Entry, Ledger, Trial Balance

    • 1 Videos
    • 1 Assignment
Show info about module content

1 Assignment

  • Lesson 1.3 Knowledge Check

1 Videos

  • Lesson 1.3: Journal Entry, Ledger, Trial Balance

Module 1 Review

    • 1 Assignment
Show info about module content

1 Assignment

  • Introduction to Financial Accounting Terminology Quiz

Module 2 Lesson Guide

    • 1 Readings
Show info about module content

1 Readings

  • Module 2 Overview

Lesson 2.0: Module 2 Introduction

    • 1 Videos
Show info about module content

1 Videos

  • Lesson 2.0: Module 2 Introduction

Lesson 2.1: Accounts Receivables

    • 1 Videos
    • 1 Assignment
Show info about module content

1 Assignment

  • Lesson 2.1 Knowledge Check

1 Videos

  • Lesson 2.1: Accounts Receivables

Lesson 2.2: Inventories

    • 1 Videos
    • 1 Assignment
Show info about module content

1 Assignment

  • Lesson 2.2 Knowledge Check

1 Videos

  • Lesson 2.2: Inventories

Lesson 2.3: Plant, Property, and Equipment (PPE)

    • 1 Videos
    • 1 Assignment
Show info about module content

1 Assignment

  • Lesson 2.3 Knowledge Check

1 Videos

  • Lesson 2.3: Plant, Property, and Equipment (PPE)

Module 2 Review

    • 1 Assignment
Show info about module content

1 Assignment

  • Formal Financial Accounting for Assets Quiz

Module 2: Additional Resources

    • 1 Readings
Show info about module content

1 Readings

  • Additional Resources

Module 3 Lesson Guide

    • 1 Readings
Show info about module content

1 Readings

  • Module 3 Overview

Lesson 3.0: Module 3 Introduction

    • 1 Videos
Show info about module content

1 Videos

  • Lesson 3.0: Module Introduction

Lesson 3.1: Short-Term Liabilities

    • 1 Videos
    • 1 Assignment
Show info about module content

1 Assignment

  • Lesson 3.1 Knowledge Check

1 Videos

  • Lesson 3.1: Short-Term Liabilities

Lesson 3.2: Long-Term Liabilities

    • 1 Videos
    • 1 Assignment
Show info about module content

1 Assignment

  • Lesson 3.2 Knowledge Check

1 Videos

  • Lesson 3.2: Long-Term Liabilities

Lesson 3.3: Shareholders’ Equity

    • 1 Videos
    • 1 Assignment
Show info about module content

1 Assignment

  • Lesson 3.3 Knowledge Check

1 Videos

  • Lesson 3.3: Shareholders’ Equity

Module 3 Review

    • 1 Assignment
Show info about module content

1 Assignment

  • Formal Financial Accounting for Liabilities and Shareholders’ Equity Quiz

Module 4 Lesson Guide

    • 1 Readings
Show info about module content

1 Readings

  • Module 4 Overview

Lesson 4.0: Module 4 Introduction

    • 1 Videos
Show info about module content

1 Videos

  • Lesson 4.0: Module 4 Introduction

Lesson 4.1: Module 4 Application Example

    • 1 Videos
Show info about module content

1 Videos

  • Module 4 Application Example

Module 4 Review

    • 1 Readings
    • 1 Assignment
Show info about module content

1 Assignment

  • Applications of Formal Financial Accounting Quiz

1 Readings

  • Get Your Course Certificate

Auto Summary

Explore Formal Financial Accounting, a professional-level course designed for business and management enthusiasts. This advanced course delves into technical financial accounting terms like debit, credit, and T-account, essential for mastering complex accounting topics. Offered by the prestigious University of Illinois at Urbana-Champaign, this 600-hour course is a prerequisite for the iMSA program. Flexible subscription options – Starter and Professional – cater to diverse learning needs, making it ideal for aspiring accountants aiming to enhance their skills and credentials.

Oktay Urcan
Instructor

Oktay Urcan