4.7
stars
1,528 ratings

Oktay Urcan

42,767 already enrolled

Offered By

Part of the Master of Business Administration (iMBA) degree

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University of Illinois at Urbana-Champaign

About this Course

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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.

Flexible deadlines

Reset deadlines in accordance to your schedule.

Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Approx. 14 hours to complete

English

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Skills you will gain

Cash Flow
Financial Accounting
Cash Flow Statement
Financial Statement

Flexible deadlines

Reset deadlines in accordance to your schedule.

Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Approx. 14 hours to complete

English

Could your company benefit from training employees on in-demand skills?

Try Coursera for Business

Instructor

Instructor rating

4.61/5 (206 Ratings)

Oktay Urcan

Associate Professor of Accountancy

Department of Accountancy, College of Business

127,021 Learners

5 Courses

Offered by

University of Illinois at Urbana-Champaign

Start working towards your Master's degree

This course is part of the 100% online Master of Business Administration (iMBA) from University of Illinois at Urbana-Champaign. If you are admitted to the full program, your courses count towards your degree learning.

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Syllabus - What you will learn from this course

Content Rating97%(5,066 ratings)

Week

Week 1

2 hours to complete

Course Orientation

2 hours to complete

2 videos (Total 2 min), 5 readings, 1 quiz

3 hours to complete

Module 1: Long-Term Assets

3 hours to complete

8 videos (Total 49 min), 5 readings, 7 quizzes

8 videos

M1L1V1: Overview and Asset Recognition Criteria3m

M1L2V1: Fixed Assets6m

M1L3V1: Disposal of Fixed Assets3m

M1L4V1: Gross vs. Net PPE8m

M1L5V1: Accounting for Asset Impairments3m

M1L6V1: Walmart Assets3m

Module 1 Case Video19m

Explore the iMBA! (optional)1m

5 readings

Module 1 Overview10m

Module 1 Readings10m

Module 1 Example Case Questions10m

Module 1 Example Case Solutions10m

Additional Resources10m

7 practice exercises

M1L1 Quiz6m

M1L2 Quiz8m

M1L3 Quiz6m

M1L4 Quiz6m

M1L5 Quiz8m

M1L6 Quiz6m

Module 1 Quiz14m

Week

Week 2

3 hours to complete

Module 2: Liabilities

3 hours to complete

8 videos (Total 106 min), 4 readings, 7 quizzes

8 videos

M2L1V1: Overview and Liability Recognition Criteria2m

M2L2V1: Short-Term Liabilities1m

M2L3V1: Long-Term Liabilities8m

Time Value of Money24m

M2L4V1: Appendix 1: Special Liabilities10m

M2L5V1: Appendix 2: Advanced Issues in Bonds25m

M2L6V1: Appendix 3: Leases7m

Module 2 Case Video25m

4 readings

Module 2 Overview10m

Module 2 Readings10m

Module 2 Example Case Questions10m

Module 2 Example Case Solutions10m

7 practice exercises

M2L1 Practice Quiz6m

M2L2 Practice Quiz6m

M2L3 Practice Quiz6m

M2L4: Appendix 1 Practice Quiz

M2L5: Appendix 2 Practice Quiz

M2L6: Appendix 3 Practice Quiz

Module 2 Quiz12m

Week

Week 3

3 hours to complete

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 of shareholder investment, the number of shares issued in return by the firm for shareholders, the amount of earnings earned by the firm but not distributed to shareholders, and information about the amount of shares repurchased by the firm from the stock market.

3 hours to complete

6 videos (Total 69 min), 5 readings, 6 quizzes

6 videos

M3L1V1: Shareholders' Equity: Overview2m

M3L2V1: Shareholders' Equity: Equity Issuance and Profitability6m

M3L3V1: Shareholders' Equity: Distributions3m

M3L4V1: Shareholders' Equity: Earnings per Share1m

M3L5V1: Appendix 1: Advanced Issues in Shareholders' Equity21m

Module 3 Case Video34m

5 readings

Module 3 Overview10m

Module 3 Readings10m

Module 3 Example Case Questions10m

Module 3 Example Case Solutions10m

Additional Resources10m

6 practice exercises

M3L1: Practice Quiz6m

M3L2: Practice Quiz10m

M3L3: Practice Quiz6m

M3L4: Practice Quiz6m

M3L5: Appendix 1 Practice Quiz

Module 3 Quiz16m

Week

Week 4

4 hours to complete

Module 4: Cash Flows Statement

4 hours to complete

5 videos (Total 71 min), 7 readings, 5 quizzes

5 videos

M4L1V1: Cash Flows Statement: Overview4m

M4L2V1: Cash Flows Statement: Preparation15m

M4L3V1: Appendix 1: Direct Method of CFO12m

Module 4 Case Video33m

Gies Online Programs3m

7 readings

Module 4 Overview10m

Module 4 Readings10m

Module 4 Example Case Questions10m

Module 4 Example Case Solutions10m

Additional Resources10m

Congratulations!10m

Get Your Course Certificate10m

4 practice exercises

M4L1: Practice Quiz6m

M4L2: Practice Quiz6m

M4L3: Appendix 1 Practice Quiz

Module 4: Quiz16m

Reviews

4.7

276 reviews

5 stars
79.63%
4 stars
16.14%
3 stars
2.78%
2 stars
0.58%
1 star
0.84%

TOP REVIEWS FROM FINANCIAL ACCOUNTING: ADVANCED TOPICS

by JBOct 7, 2018

I think accounting is one of the more challenging courses in an MBA. The professor does a wonderful job explaining accounting and gives lots of examples.

by SRSep 12, 2020

Difficult but very informative and material is high quality and professor is very helpful but I felt so sessions deserved more time to grasp

by ARMay 20, 2020

It was very good course and the professor has very good knowledge and experience pertaining to the subject. He explained all the topics in great details and his methods are very good and descriptive.

by ASMar 3, 2018

A lot of information to learn in such shorts sessions, but I felt the info and professors delivery kept my interest and challenged my thinking.

View all reviews

Frequently Asked Questions

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:
The course may not offer an audit option. You can try a Free Trial instead, or apply for Financial Aid.
The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.
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.

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Financial Accounting: Advanced Topics

About this Course

Skills you will gain