About this course: In this course, you will explore advanced topics in financial accounting. You will start your journey with accounting for assets with more than one-year life. You will learn in detail how firms account for fixed assets. You will then move to financing of assets and discuss accounting for liabilities. The course will continue with an in-depth exploration of shareholders’ equity. Finally, you will critically evaluate preparation, components, and analysis of cash flows statement. Upon successful completion of this course, you will be able to: • Account for fixed assets • Understand accounting for liabilities • Evaluate shareholders’ equity section of a balance sheet • Understand preparation and information provided by cash flows statement 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 onlinemba.illinois.edu.

Created by: University of Illinois at Urbana-Champaign

Taught by: Oktay Urcan, Associate Professor of Accountancy
Department of Accountancy, College of Business

Basic Info	Course 2 of 7 in the Financial Management Specialization.
Commitment	4 weeks of study, 4-6 hours/week
Language	English
How To Pass	Pass all graded assignments to complete the course.
User Ratings	4.6 stars Average User Rating 4.6See what learners said

Syllabus

WEEK 1

Course Orientation

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.

1 video, 5 readings, 1 practice quiz

Module 1: Long-Term Assets

Long-term assets, assets that can be converted into cash in a time period of more than one year, constitute a large portion of a balance sheet for a lot of public companies. Understanding accounting for long-term assets will help you uncover how these accounts...

7 videos, 2 readings, 6 practice quizzes

Graded: Module 1 Quiz

WEEK 2

Module 2: Liabilities

One of the major sources of financing for many firms is liabilities. Firms routinely finance their operations through various liabilities including accounts payables, bank loans, and bonds. Accounting for liabilities will help you understand how liabilities ar...

3 videos, 2 readings, 3 practice quizzes

Graded: Module 2 Quiz

WEEK 3

Module 3: Shareholders’ Equity

One of the major sources of financing for many firms is contributions from shareholders. The shareholders’ equity section of a balance sheet shows details of investments of shareholders. Accounting for shareholders’ equity will help you understand the amount o...

4 videos, 2 readings, 4 practice quizzes

Graded: Module 3 Quiz

WEEK 4

Module 4: Cash Flows Statement

One of the major financial statements is cash flows statement. This statement describes in detail how cash changes for a firm over a certain period. Cash flows statement provides valuable information about liquidity position of a firm, cash consequences of man...

2 videos, 2 readings, 2 practice quizzes

Graded: Module 4: Quiz

Graded: Module 4 Peer Assessment

FAQs

How It Works

Coursework

Each course is like an interactive textbook, featuring pre-recorded videos, quizzes and projects.

Help from Your Peers

Connect with thousands of other learners and debate ideas, discuss course material, and get help mastering concepts.

Certificates

Earn official recognition for your work, and share your success with friends, colleagues, and employers.

Creators

University of Illinois at Urbana-Champaign

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.

Pricing

	Audit	Purchase Course
Access to course materials	Available	Available
Access to graded materials	Not available	Available
Receive a final grade	Not available	Available
Earn a shareable Course Certificate	Not available	Available

Ratings and Reviews

Rated 4.6 out of 5 of 176 ratings

Quite good summary, but a bit too high-level

good course learnt a lot of finance ; only problem is understanding profs accent

Excellent Command and teaching skills. Really learned a lot.

loved it very informative

Share

Financial Accounting: Advanced Topics

Financial Accounting: Advanced Topics

Financial Accounting: Advanced Topics