The Financial Reporting Specialization emphasizes the application of financial accounting principles and processes used to prepare an organization’s financial statements. The specialization addresses the measurement of assets, liabilities, equity, revenue, expenses, gains, losses, and the disclosure of additional information that allows users to understand the financial reports. We will discuss the financial accounting structure and review the fundamental accounting process used to prepare the financial statements and analyze them in the decision-making process.
Financial Reporting Specialization
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Financial Reporting Specialization
Financial Reporting & Financial Statement Analysis. Learn financial accounting essentials to create and analyze an organization’s financial statements.
Instructors: Scott Mendoza
24,194 already enrolled
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Get in-depth knowledge of a subject
4.7
(645 reviews)
Intermediate level
Some related experience required
3 months at 10 hours a week
Flexible schedule
Earn a career credential
Share your expertise with employers
Get in-depth knowledge of a subject
4.7
(645 reviews)
Intermediate level
Some related experience required
3 months at 10 hours a week
Flexible schedule
Earn a career credential
Share your expertise with employers
What you'll learn
Apply financial accounting principles to create and/or process an organization’s financial statements.
Analyze the financial statements to assess an organization's financial position.
Overview
Skills you'll gain
- Accounts Receivable
- Inventory Accounting
- Tax Management
- Balance Sheet
- Cash Flows
- Financial Statement Analysis
- Financial Statements
- International Financial Reporting Standards
- Cash Management
- Accounting
- Generally Accepted Accounting Principles (GAAP)
- Depreciation
- Ledgers (Accounting)
- Revenue Recognition
- Financial Accounting
- Financial Reporting
- Fixed Asset
- Income Statement
- Technical Accounting
- Accrual Accounting
What’s included
Shareable certificate
Add to your LinkedIn profile
Taught in English
210 practice exercises
Advance your subject-matter expertise
- Learn in-demand skills from university and industry experts
- Master a subject or tool with hands-on projects
- Develop a deep understanding of key concepts
- Earn a career certificate from University of Illinois Urbana-Champaign
Specialization - 4 course series
What you'll learn
Analyze the structure, conceptual framework, and environment of accountancy
Apply the three steps involved in financial accounting (recognize, measure, and report) to practical scenarios
Evaluate the accounting processing cycle and its role in generating financial statements
Critically examine key financial statements and assess their significance for external decision makers
Skills you'll gain
Category: Generally Accepted Accounting Principles (GAAP)
Category: International Financial Reporting Standards
Category: Accrual Accounting
Category: Revenue Recognition
Category: Accounting
Category: Financial Accounting
Category: Cash Flows
Category: Income Statement
Category: Balance Sheet
Category: Financial Reporting
Category: Financial Statements
Category: Financial Analysis
What you'll learn
Make informed decisions and assessments regarding financial statements and the overall financial health of an organization
Measure and report issues related to inventories long-lived assets and PP&E
Identify and account for debt and equity investments
Determine the appropriate classification measure and disclosure of major asset categories
Skills you'll gain
Category: Generally Accepted Accounting Principles (GAAP)
Category: Accounting
Category: Financial Accounting
Category: Inventory Accounting
Category: Asset Management
Category: International Financial Reporting Standards
Category: Accounts Receivable
Category: Financial Reporting
Category: Depreciation
Category: Cash Management
Category: Internal Controls
Category: Fixed Asset
Category: Financial Statement Analysis
Category: Investments
Category: Inventory Control
Category: Balance Sheet
Category: Ledgers (Accounting)
What you'll learn
Describe the accounting process related to accounting for liabilities (from origination of transactions to disclosure in the financial statements)
Describe liabilities and contingencies and demonstrate the appropriate accounting treatment, including required disclosures
Demonstrate the accounting for bonds (including par, discount, and premium bonds)
Explain and demonstrate the accounting for pension plans
Skills you'll gain
Category: Generally Accepted Accounting Principles (GAAP)
Category: International Financial Reporting Standards
Category: Financial Accounting
Category: Lease Contracts
Category: Accounting
Category: Financial Reporting
Category: Accrual Accounting
Category: Financial Statements
Category: Standard Accounting Practices
Category: Financial Statement Analysis
Category: Balance Sheet
Category: Technical Accounting
Category: Accounts Payable
What you'll learn
Explain and demonstrate the financial accounting for income taxes
Describe the components of shareholders’ equity and explain how they are reported in a statement of shareholders’ equity
Explain and implement the accounting for stock options and restricted stock
Explain the purpose of analyzing earnings per share and calculate basic and diluted earnings per share
Skills you'll gain
Category: Income Tax
Category: Accounting
Category: Financial Accounting
Category: Financial Reporting
Category: Generally Accepted Accounting Principles (GAAP)
Category: Compensation Management
Category: Equities
Category: Financial Statements
Category: Income Statement
Category: Tax Management
Category: Cash Flows
Category: Benefits Administration
Category: International Financial Reporting Standards
Category: Technical Accounting
Category: Balance Sheet
Earn a career certificate
Add this credential to your LinkedIn profile, resume, or CV. Share it on social media and in your performance review.
Build toward a degree
This Specialization is part of the following degree program(s) offered by University of Illinois Urbana-Champaign. If you are admitted and enroll, your completed coursework may count toward your degree learning and your progress can transfer with you.¹
Instructors
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Frequently asked questions
Time to completion can vary widely based on your schedule, most learners are able to complete the Specialization in 5-7 months.
Basic knowledge of business environments (either via other courses or work experience) and basic mathematics skills. It is also beneficial if you have some experience with common spreadsheet software applications.
It is recommended that the courses in the Specialization be taken in the order outlined.In the Capstone Project, you will have the opportunity to synthesize your learning in all courses and apply your combined skills in a final project
More questions
Financial aid available,