Online Course – Certified Professional Internship in Accounting Fundamentals from the University of Illinois Urbana-Champaign

Accounting fundamentals for managers and entrepreneurs. The application of principles that guide financial reporting assists in decision-making and the advancement of business goals.

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קורס אונליין - התמחות מקצועית מוסמכת ביסודות החשבונאות של University of Illinois Urbana-Champaign

Professional Certificate

Beginners

No prior knowledge required

Time to complete the course

7-day free trial

No unnecessary risks

Skills you will acquire in the course

  • The basics of the various uses of accounting.
  • Understanding the financial report that managers create.
  • Interpretation and analysis of financial statements to assess the financial condition of the organization.
  • Identify and understand different types of accounting information useful for decisions.
  • Using analytical tools and techniques to make business decisions.

What you will learn in the course

Courses for which the course is suitable

  • Accountant
  • Financial Analyst
  • Finance Manager
  • bookkeeper
  • Business consultant
  • Project Manager
  • Operations Manager
  • Marketing Manager
  • Negotiating with investors
  • Strategy Manager

Internship – Series of 5 courses

Accounting is the “language of business.” Understanding this language allows people, both inside and outside the organization, to participate in the “conversation” about the organization’s performance and how future performance can be improved.

Types of accounting

  • Financial accounting: Focuses on the report that managers produce to provide external stakeholders with a summary of the company’s financial position and operations.
  • Managerial Accounting: Focuses on information, analytical tools, and techniques that help managers and employees make the right business decisions.

What will you learn in this internship?

  • The basics of the various uses of accounting.
  • Understanding the financial report that managers create.
  • Interpretation and analysis of financial statements to assess the financial condition of the organization.
  • Identify and understand different types of accounting information useful for decisions.
  • Using analytical tools and techniques to make business decisions.

Application of knowledge

Through the capstone, you will apply these fundamentals through the lens of a new business, creating a business plan, forecasts and budgets, and anticipated information needs for decisions to be made by you as owner and manager, by your employees, and by external parties such as future shareholders, creditors, and others.

Details of the courses that make up the specialization

Understanding Financial Statements: Company Status

Course 1
12 hours
4.8 (1,303 ratings)

What will you learn?

This course is designed to provide a basic understanding of financial statements, with an emphasis on the balance sheet. The course explains that understanding accounting-driven financial statements is not just about counting but also about measuring. You will understand the three measurement questions and how the balance sheet answers the first two.

  • Describe the purpose of the balance sheet.
  • Define the three components of a balance sheet.
  • Identify and understand the meaning of several items presented on the balance sheet.
  • Explain the broader purpose of financial statements and the role of accounting in preparing these statements.
  • Read and interpret a balance sheet in the real world.

Understanding Financial Statements: Company Performance

Course 2
12 hours
4.7 (741 ratings)

What will you learn?

This course is designed to provide a basic understanding of financial statements with an emphasis on the income statement. You will understand how income from profit and loss answers the third measurement question.

  • Describe the purpose of the income statement.
  • Define the basic elements of this report.
  • Identify and understand the meaning of various items presented in the report.
  • Understand the broader purpose of financial statements and the importance of accounting.

Accounting for Business Decision Making: Measurement and Operational Decisions

Course 3
16 hours
3.8 (176 ratings)

What will you learn?

Accounting information is essential to an organization, and aids in making operational and strategic decisions. This course offers an introduction to the world of accounting measurement and how information is conveyed to guide decisions.

  • Identify the nature and importance of types of accounting information.
  • Create and format cost information.
  • Use accounting information to manage products and control costs.

Accounting for Business Decision Making: Strategy Evaluation and Control

Course 4
15 hours
3.9 (112 ratings)

What will you learn?

Accounting information is essential for understanding organizational strategies. This course will give you an understanding of how accounting information helps managers develop and implement strategies.

  • Create and communicate accounting information to assist in strategic decision-making.
  • Implement supervision that will match management decisions.
  • Evaluate the performance of employees and managers.

Fundamentals of Accounting: Final Project

Course 5
38 hours
4.6 (72 ratings)

What will you learn?

You should have a basic understanding of accounting before starting this course. The project will be on a small business, and you will need to apply the concepts learned in previous courses to make sound accounting decisions.

  • Integrate all the concepts learned to solve accounting problems.

If you are interested in an MBA, consider applying to the iMBA, a flexible and highly recognized online MBA program from the University of Illinois. For more information, see the course resources page and onlinemba.illinois.edu .

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