This course is part of the Introduction to Financial Accounting: The Accounting Cycle Specialization

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Andrea Eliassen

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Introduction to Financial Accounting: The Accounting Cycle SpecializationUniversity of California, Irvine

About this Course

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Students prepare statements relevant to year end accounting processes synthesizing what they have learned in the previous two courses. Specific topics include adjusting entries, closing entries (with a focus on the adjustment to retained earnings), the preparation of an income statement, retained earnings statement, and a balance sheet, and the procedure for recording the four closing entries. Students will also learn how to prepare the post-closing trial balance.

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Course 3 of 3 in the

Introduction to Financial Accounting: The Accounting Cycle Specialization

Approx. 10 hours to complete

English

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Flexible deadlines

Reset deadlines in accordance to your schedule.

Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Course 3 of 3 in the

Introduction to Financial Accounting: The Accounting Cycle Specialization

Approx. 10 hours to complete

English

Could your company benefit from training employees on in-demand skills?

Try Coursera for Business

Instructor

Instructor rating

4.87/5 (25 Ratings)

Andrea Eliassen

Managing Director

9,333 Learners

3 Courses

Offered by

University of California, Irvine

Since 1965, the University of California, Irvine has combined the strengths of a major research university with the bounty of an incomparable Southern California location. UCI’s unyielding commitment to rigorous academics, cutting-edge research, and leadership and character development makes the campus a driving force for innovation and discovery that serves our local, national and global communities in many ways.

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Syllabus - What you will learn from this course

Week

Week 1

2 hours to complete

Adjusting Entries & Adjusted Trial Balance

Welcome to the first module of the course! We begin this course at the fifth step of the accounting cycle "Record and Post Adjusting Entries". We will begin by discussing when adjusting entries are required, including a review of the four major categories of adjusting entries. In the module activity you will have the opportunity to record your own adjusting journal entries and prepare an adjusted trial balance.

2 hours to complete

4 videos (Total 15 min), 2 readings, 2 quizzes

4 videos

Adjusting Entries & Adjusted Trial Balance Part I7m

Adjusting Entries & Adjusted Trial Balance Part II3m

Adjusting Entries & Adjusted Trial Balance Part III1m

Adjusting Entries & Adjusted Trial Balance Walkthrough1m

2 readings

Adjusting Entries & Adjusted Trial Balance Activity30m

Supplementary Readings45m

2 practice exercises

Adjusting Entries & Adjusted Trial Balance Practice Assessment30m

Adjusting Entries & Adjusted Trial Balance Assessment30m

Week

Week 2

2 hours to complete

The Worksheet

2 hours to complete

2 videos (Total 6 min), 2 readings, 2 quizzes

Week

Week 3

2 hours to complete

Creating & Analyzing Financial Statements

2 hours to complete

3 videos (Total 8 min), 2 readings, 2 quizzes

Week

Week 4

2 hours to complete

Closing Entries & The Post-Closing Trial Balance

2 hours to complete

3 videos (Total 9 min), 2 readings, 2 quizzes

3 videos

Temporary and Permanent Accounts3m

Closing Entries & The Post-Closing Trial Balance3m

Closing Entries & The Post-Closing Trial Balance Walkthrough1m

2 readings

Copy of Creating & Analyzing Financial Statements Activity30m

Supplementary Readings45m

2 practice exercises

Closing Entries & The Post-Closing Trial Balance Practice Assessment30m

Closing Entries & The Post-Closing Trial Balance Assessment30m

Reviews

4.7

14 reviews

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TOP REVIEWS FROM COMPLETING THE ACCOUNTING CYCLE

by MIAug 14, 2022

The course is well designed and the trainer is really good. It gives a clear picture of an accounting cycle.

by GWJan 28, 2022

I appreciate this introduction course. I will continue to learn more through other more advance course.

by SRJun 9, 2021

This course was a useful and basic introduction to how accounting works.

by JQDec 31, 2022

excellent training. Professor is super knowledgeable easy to understand steps.

View all reviews

About the Introduction to Financial Accounting: The Accounting Cycle Specialization

In this hands-on Specialization you will practice completing each step of the accounting cycle within Microsoft Excel, from analyzing and recording the first financial transactions of the year all the way through starting the new fiscal year.

Frequently Asked Questions

When will I have access to the lectures and assignments?
Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:
The course may not offer an audit option. You can try a Free Trial instead, or apply for Financial Aid.
The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.
What will I get if I subscribe to this Specialization?
When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.
Is financial aid available?
Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.

More questions? Visit the Learner Help Center.

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Completing the Accounting Cycle

About this Course