Marketing Management: What Is It and Why Does It Matter?
January 22, 2025
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This course is part of multiple programs.
Instructor: Oktay Urcan
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(4,487 reviews)
(4,487 reviews)
Accounting information and how it is used by different capital market participants
Record financial information and produce the main financial statements
Fundamental accounting concepts and revenue recognition criteria in preparing financial statements,
Conduct the accounting for short-term assets, with a particular focus on accounts receivables and inventories.
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In this course, you will learn the foundations of financial accounting information. You will start your journey with a general overview of what financial accounting information is and the main financial statements. You will then learn how to code financial transactions in financial accounting language. In the meantime, you will learn about the most important concept in contemporary financial accounting: accrual accounting. You will then critically analyze how firms recognize revenues. Finally, you will finish the course with an analysis of accounting for short-term assets, where you will go into detail on how firms account for accounts receivable and inventories.
Upon successful completion of this course, you will be able to: • Understand the main financial statements and the financial information • Write a financial transaction in financial accounting language and understand how this impacts the main financial statements • Understand how accrual accounting and fundamental accounting concepts work • Understand revenue recognition principles and how they impact the main financial statements • Account for accounts receivable and inventories. 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 go to onlinemba.illinois.edu.
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.
2 videos5 readings1 assignment1 discussion prompt1 plugin
Accounting is the language of business. Managers communicate the results of operations within a firm through accounting to various financial information users including investors and creditors. In this module, you will explore various users of accounting information and the main financial statements they use to acquire accounting information. You will develop an understanding of the particular type of information provided by each financial statement and how financial statements are related to each other.
10 videos4 readings5 assignments
The starting point of financial statements is individual financial transactions. In this module, you will learn how to code financial transactions in accounting language and how to build the main financial statements from these coded financial transactions. This bottom-up approach will help you appreciate the impact of various financial transactions on the main financial statements.
5 videos5 readings5 assignments
Fundamental accounting concepts and revenue recognition principles are at the heart of coding financial transactions in accounting language as well as the preparation of financial statements from these coded financial transactions. Real-life transactions are reflected in financial statements through the lens of these concepts and principles. A good understanding of these concepts and principles will help you understand the type and nature of information you can learn from financial statements.
6 videos4 readings5 assignments1 peer review
One of the major components of a balance sheet is short-term assets, which are assets that can be converted into cash within a year. Accounts receivables and inventories constitute a major part of short-term assets. Understanding accounting for these accounts will help you uncover how these accounts change over time, their valuation, and their usefulness in managerial decision-making.
11 videos6 readings8 assignments1 plugin
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This course 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
This course 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
University of Illinois Urbana-Champaign
Degree · 1 year
University of Illinois Urbana-Champaign
Degree · 4 - 12 months
University of Illinois Urbana-Champaign
Degree · 2 – 3 years
¹Successful application and enrollment are required. Eligibility requirements apply. Each institution determines the number of credits recognized by completing this content that may count towards degree requirements, considering any existing credits you may have. Click on a specific course for more information.
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Reviewed on May 19, 2020
Thanks again Coursera for this course. I have learned a lot. Thanks to the Professor. But can you send me a Certificate of Completion as proof that I am done with this course. Thank you.
Reviewed on Jun 6, 2020
The modules were extremely informative and nothing less to say, Oktay sir's presentations were very easy to understand even for a person like me who has no prior knowledge about Financial Accounting.
Reviewed on Apr 19, 2021
This course was really helpful for me to receive the necessary information n about basic accounting principles. I would say thanks a lot to the professor and good luck to everyone!!!
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