About the Course
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.
There are 5 Courses in this Specialization
- Understanding Financial Statements: Company Position
- Understanding Financial Statements: Company Performance
- Accounting for Business Decision Making: Measurement and Operational Decisions
- Accounting for Business Decision Making: Strategy Assessment and Control
- Fundamentals of Accounting Capstone
Instructor
- Kevin E. Jackson
Associate Professor of Accountancy and PwC Faculty Fellow
Department of Accountancy, College of Business - Gary Hecht, Ph.D.
Associate Professor of Accountancy
Department of Accountancy, College of Business - Sharon P. Cox, Ph.D.
Lecturer
Department of Accountancy
To enroll in this course, click the link below.
Course on Fundamentals of Accounting by University of Illinois
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