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.

Scott Mendoza
Gerlando Lima

Instructors: Scott Mendoza

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4.7

(634 reviews)

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

(634 reviews)

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

What you'll learn

  • Apply financial accounting principles to create and/or process an organization’s financial statements.

  • Analyze the financial statements to assess an organization's financial position.

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Taught in English
Recently updated!

February 2025

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Specialization - 4 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: Revenue Recognition
Category: Generally Accepted Accounting Principles (GAAP)
Category: Accrual Accounting
Category: Cash Flows
Category: Financial Reporting
Category: Balance Sheet
Category: Accounting
Category: Income Statement
Category: International Financial Reporting Standards
Category: Financial Accounting
Category: Construction Accounting
Category: Contract Accounting
Category: Financial Analysis
Category: Financial Statements
Category: Financial Statement Analysis

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: Inventory Accounting
Category: Financial Reporting
Category: Asset Management
Category: Accounts Receivable
Category: Fixed Asset
Category: Cash Management
Category: Financial Accounting
Category: Depreciation
Category: Investments
Category: Accruals
Category: Accounting
Category: Financial Statement Analysis
Category: Balance Sheet
Category: Financial Controls
Category: Internal Controls

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: Generally Accepted Accounting Principles (GAAP)
Category: International Financial Reporting Standards
Category: Financial Accounting
Category: Financial Reporting
Category: Accounting
Category: Lease Contracts
Category: Financial Statement Analysis
Category: Technical Accounting
Category: Accruals
Category: Balance Sheet
Category: Accounts Payable

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: Income Tax
Category: Financial Accounting
Category: Cash Flows
Category: Compensation Management
Category: Equities
Category: Accounting
Category: Generally Accepted Accounting Principles (GAAP)
Category: Income Statement
Category: International Financial Reporting Standards
Category: Financial Statements
Category: Financial Reporting
Category: Technical Accounting
Category: Balance Sheet

Instructors

Scott Mendoza
University of Illinois Urbana-Champaign
2 Courses14,144 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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