Accounting

Overview

Accountants with deep financial expertise, business acumen, real-world experience, decision-making ability, and effective communication skills are vital to businesses of all sizes and have tremendous career opportunities. This MicroMasters® program in Accounting is designed for smart, hardworking students with integrity and passion who want to substantially enhance their understanding of accounting. The program curriculum includes courses in the three most fundamental areas of accounting: financial accounting, managerial accounting, and income taxes. Learn from world-renowned, award-winning accounting faculty at the top-ranked Kelley School of Business at Indiana University. The MicroMasters program will introduce you to the following key areas in the accounting profession:

Financial Reporting I – How do firms measure and report financial position and financial performance in a set of financial statements?
Managerial Accounting and Corporate Control – How do firms make critical strategic decisions using accounting information?
Taxes and Decision Making – How do income taxes impact firms, their strategies, capital structure, and after-tax profits?

The three graduate-level courses in the MicroMasters program represent 30% of the coursework in the online Master of Science in Accounting from the Kelley School of Business at Indiana University offered on the edX platform.

Those who successfully complete this MicroMasters program as a verified learner by the 2022 Spring or Summer term are eligible to apply to the MS in Accounting.

Syllabus

Courses under this program:
Course 1: Financial Reporting I

Earn a strong foundation in financial reporting concepts and methods, and use your skills to prepare and analyze financial statements.

Course 2: Managerial Accounting and Corporate Control

How do managers use internal accounting data to make decisions? In this course, you’ll discover how to prepare and analyze accounting information to make complex business decisions.

Course 3: Taxes and Decision Making

How do you reduce a company or individual's taxes while complying with tax laws? Designed for accounting students, this course focuses on understanding the legal, conceptual, and integrative aspects of U.S. federal income taxation.

Courses

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12 weeks, 8-12 hours a week, 8-12 hours a week
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This course is going to be retired.

This course builds on introductory accounting courses by providing you with a deep understanding of the conceptual foundations and mechanics of financial reporting and accounting standards. The course focuses on the measurement and reporting of the asset side of the balance sheets as well as the measurement of revenues and expenses on income statements. The content of the course is particularly important for students seeking careers in accounting and finance, as well as professionals who want to increase their knowledge of financial accounting.

Before taking this course, you should be familiar with basic accounting terminology, T-accounts, and journal entries. Financial Reporting I will help you become more fluent in accounting and business discussions.

The course places emphasis on firms’ economic transactions and business activities, and the accounting measurements and journal entries we use to measure and report those transactions and activities. You will develop professional judgment and critical thinking skills. You will consider the economics of business activities and events and consider the degree to which financial reports capture the underlying economics. This will enable you to obtain the tools necessary to understand and execute accounting procedures with an increased appreciation of the broader business context in which accounting information is prepared and used in business decisions.
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12 weeks, 8-12 hours a week, 8-12 hours a week
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This course is going to be retired.

Success in any organization requires measurement systems to support decision making. This course focuses on preparing and analyzing accounting information for internal decisions that are often required to be made by both accounting and non-accounting professionals. In particular, the course will highlight how internal accounting information can be used (and often misused) when making complex business decisions. Managerial accounting is not constrained by the rules and regulations that surround financial accounting, which allows us to develop tailored measurement systems that provide a framework for planning and control, as well as costing products, services, and customers.

Students enrolled in this course will learn to prepare basic financial statements (e.g., balance sheet and income statement). In particular, they will understand how direct and overhead costs influence inventory and cost of goods sold calculations and are accounted for under financial reporting. Further, they will also learn to understand the importance of budgeting and how standard costing and variance analysis are used in evaluating managerial performance. In addition, students will learn how cost behavior and financial information are used in operational decision making and pricing. Finally, students will gain a basic understanding of how cash flows are used in capital budgeting decisions.

Verified Learners will need to purchase a textbook in order to successfully complete the course. See the FAQ for details.
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12 weeks, 8-12 hours a week, 8-12 hours a week
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This course is going to be retired.

Build your accounting foundation with this course on U.S. federal income taxation. You’ll learn about the taxation of both businesses and individuals. In addition to income tax laws, you’ll discover how to reduce the present value of income taxes.

Topics will include tax planning strategies, qualified business income deduction, tax compliance, and more.

Verified Learners will need to purchase a textbook in order to successfully complete the course. See the FAQ for details.