University of Illinois Urbana-Champaign
Financial Reporting Specialization
University of Illinois Urbana-Champaign

Financial Reporting Specialization

Financial Reporting & Financial Statement Analysis. Learn financial accounting essentials to create and analyze an organization’s financial statements.

Wei Li, PhD, CPA
Scott Mendoza
Gerlando Lima

Instructors: Wei Li, PhD, CPA

20,942 already enrolled

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Get in-depth knowledge of a subject
4.7

(599 reviews)

Intermediate level
Some related experience required
4 months
at 10 hours a week
Flexible schedule
Learn at your own pace
Get in-depth knowledge of a subject
4.7

(599 reviews)

Intermediate level
Some related experience required
4 months
at 10 hours a week
Flexible schedule
Learn at your own pace

Details to know

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Taught in English

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Specialization - 5 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: Financial Accounting
Category: Financial Statements
Category: Time Value Of Money
Category: Revenue Recognition
Category: Accounting Cycle

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: Accounting Analysis
Category: Liability Measurement and Disclosure
Category: Asset Measurement and Disclosure
Category: Financial Reporting
Category: Equity 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: Accrued Liabilities
Category: Financial Accounting
Category: Pension Accounting
Category: Lease Accounting

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: Financial Accounting
Category: Earnings Per Share
Category: Income Tax
Category: Diluted Earnings Per Share
Category: Cash Flows

Financial Reporting Capstone

Course 520 hours3.6 (37 ratings)

What you'll learn

Skills you'll gain

Category: Financial Statement Analysis
Category: Asset Valuation
Category: Accounting Standards and Principles
Category: Disclosure Requirements

Instructors

Wei Li, PhD, CPA
University of Illinois Urbana-Champaign
1 Course6,112 learners
Scott Mendoza
University of Illinois Urbana-Champaign
2 Courses13,186 learners

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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

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