Financial Accounting Fundamentals
This course, developed at the Darden School of Business at the University of Virginia and taught by top-ranked faculty, will teach you the tools you’ll need to understand the fundamentals of financial accounting. Concise videos, the financial records of a small business, and “your turn” activities guide you through the three most commonly used financial statements: the Balance Sheet, the Income Statement, and the Statement of Cash Flows. Beyond recording transactions, you’ll learn how to prepare these financial statements, and read and analyze them to draw basic conclusions about a company’s financial health.By the end of this course, you will be able to:
- Use journal entries to record transactions
- Prepare and use t-accounts to summarize transactions recorded during an accounting period
- Describe the three most commonly used financial statements and how they fit together
- Prepare these financial statements based on transactions recorded during an accounting period
- Draw basic conclusions about a company’s financial health
How to use journal entries to record transactions and prepare and use t-accounts to summarize transactions recorded during an accounting period
The three most commonly used financial statements and how they fit together
How to prepare these financial statements based on transactions recorded during an accounting period
How to draw basic conclusions about a company's financial health
Syllabus
Syllabus - What you will learn from this course
Week 1
Introduction to Financial Accounting, the Financial Statements, and the Balance Sheet
Week 2
Introduction to Recording Transactions
Week 3
The Income Statement, Revenue and Expense Transactions, and Adjusting Entries
Week 4
The Statement of Cash Flows, Financial Statement Preparation
Week 5
More Transactions, Analysis of Financial Statements, and an Annual Report
FAQ
When will I have access to the lectures and assignments?
Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:
What will I get if I subscribe to this Specialization?
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.
Is financial aid available?
Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.
Reviews
Its what I was looking for in taking this course. Rigorous, yet most beneficial. Prof Lynn is an outstanding instructor; she explains things super well from the very basic principles.
Short and complete coverage on key aspects of financial statements. Excellent course. You would surprise how well you could understand financial statements after this course.
The lecturer clearly explained all concepts which made it easy for me to understand. I would recommend the course to anyone who would want to study financial Accounting Fundamentals.
Really enjoyed the course - was really dreading learning about accounting but the instructor was able to break it down and make it both fun and interesting for me to learn!
