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
DY
Finally passed this course. Really recommended course for you started to learn about financial and accounting. The instructor was delivered knowladge easily to understand and attention to detail.
JK
Definitely the best online course I have taken. You get to learn a lot from this short term course and feel confident and ready to move onto more advanced topics in accounting. Highly recommended!
JR
The concepts learned during this course made possible for me to present the project financials in a better way to the director. This course should be a must for all of us in the project management.
PB
This course is really helpful especially for those who are in the Accounting field. This will give more practical view on what we already know. Thank you for the Coursera Team.
DN
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.
LB
This is a great course with very helpful instruction. The course provides a lot of opportunities for hands-on work to apply the concepts and solidify one’s understanding of the topics.
CL
Just amazing! The lecturer is the best i have ever encountered in coursera! Thank you so much for making this enjoyable! Hoping to join all other courses in this specialization as well!!!
JT
Some transactions need more clarifications. Such as cash flow statement transaction was a little bit complicated to understand. But generally, this course is pretty good for beginners
RM
I recommend this course to all beginners in understanding accounting , this course completely put you into your first step of the world of financial accounting , and professor luann is really amazing
RA
Great course by all standards, the flair, and tact with which Professor Lynch presents the content of accounting is concise and down to earth and for me is a great mark of class.
TR
The only reason this is not a perfect rating, is based on the duration of the course. There is valuable knowledge and it is well taught. However, it seems rushed to meet the 5 week timeline.
LP
Challenging yet clear to follow. A great look into the fundamentals you need to get started in accounting, and a great way to gauge interest and natural ability on the fundamental topics needed.
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Definitely the best online course I have taken. You get to learn a lot from this short term course and feel confident and ready to move onto more advanced topics in accounting. Highly recommended!
This instructor is absolutely amazing. She really assumes that you don't know anything about accounting and takes her time to give you a detailed explanation of everything. I have already taken several Intro to Financial Accounting courses online elsewhere and NONE of the instructors have done even half of the job that she does. She is well spoken, prepared, organized, and conversational in her explanations. It's like listening in on a conversation with an accountant who is really interested in her profession. She doesn't rush through the information which is huge for me. Paying for this particular course is a no brainer and a great investment. I really could not be more pleased.
There are mini quizzes in her lectures that pop up to check your understanding. She doesn't just assume that you got it. She is going to check! Ha ha. Be prepared by listening. Loved it. This class truly stands out well above the rest. Her methods should be modeled for other courses.
Overall, the course was informative and helped sharpen my accounting skills. However, some of the videos were lengthy and unnecessary. Also, the estimated time of the videos was inaccurate for how long they actually were. Nevertheless, Financial Account Fundamentals was a good course.
I recommend this course to all beginners in understanding accounting , this course completely put you into your first step of the world of financial accounting , and professor luann is really amazing
Excellent way of teaching by the professor.Excellent course . I learnt all the basic terminologies related to finance.Luyaan's pedagogy is classic and very explicable...
thank you coursera
Great curriculum, great instructor. Luann did a fantastic job and so did everyone involved in designing the curriculum. However, I have serious doubts on the credibility of the content team because there were glaring errors and/or incongruities in the slide handout downloads and the slides in the videos. Overall, I certainly feel that I've learnt a lot but there were moments when I was thoroughly confused owing to said errors/incongruities.
This course gives me a practical understanding of accounting principles and key financial statements, which is helpful for my work. Strongly recommend to my friends and colleagues
If you don’t have any experience with accounting, this is a perfect course. My background is in engineering and this course helped me learn terms such as asset and liability. Professor Lynch explains each topic very clearly and it was a pleasure going through the material.
The concepts learned during this course made possible for me to present the project financials in a better way to the director. This course should be a must for all of us in the project management.
One of the Best course on Financial Accounting. Gives end to end hands on experience of entire Accounting Cycle. Quizzes are really engaging and require hands on working in many cases.
A step-by-step course which is easy to follow and understand for one with no background on Accounting. Extremely useful for anyone who wish to pick up basic knowledge on Accounting.
Lecturer is extremely engaging, and includes useful examples.
Some minor mismatch info between the slides shown on videos and the ones in the handouts which can be spotted easily, but may be disruptive to learners who reviews handouts before watching videos.
Overall, a good online course.
Did not apply to Canadians.
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.
Need a lot of working. I liked more Wharton's accounting courses.
It should be free
Words alone can not best describe this experience and skills attained during my tenure with UVA through Coursera. This course has improved my accounting technical skills and experience in areas such as preparation of financial statements, preparation of cashflow statement, accounting principles, depreciation, analysis of of financial statements and other skills attained. I'm very grateful to be part of UVA family though on-line not forgetting my fellow students from other part of the world. I have had time to virtually interact with the lecturers and tutors who are friendly and provided solutions to all my questions even before they are asked. I dearly salute you.
Thank you
Odwokacen Stephen
From Uganda
I enjoy the subject matter, and Professor Luann and her team really brought it to life. The tests were structured in such a way as to be instructive on areas where there was a lack of clarity as well. Professor Luann made some excellent clarifications about GAAP and when income is realized (on delivery, as opposed to when the contract is signed). I found her instruction style both absorbing and revealing of areas where more learning was needed. However, she was never didactic. It was a well-structured course that, once I picked it up, read in some ways like a good novel. Thank you for sharpening my thought processes with a very practically useful course.
The course facilitator made participation in this course a very enjoyable experience. Concepts were thoroughly and systematically explained, with enough opportunities to practice what was taught. The forums presented ample opportunity for discussion in case further inquiry had to be made about anything. I felt that the facilitator was focused and every second of the course was productive. I would gladly take another course offered by this facilitator. My expectations of the course were fully met, and I've gained confidence in the subject matter as I hoped to do.
The professor does a great job of explaining everything and provides numerous examples to help you gain a better understanding of the material. I highly recommend this course for those that would like to learn about accounting. Some material in the class is challenging, but as I mentioned before, the professor provides you with plenty of examples to help you.
As a high-schooler looking to learn about the basics of accounting, I feel like this course really fulfilled it. Although slightly challenging, it pushes you to learn about new concepts and topics, and the videos were really informative. I overall really enjoyed the course!