Fundamentals of Accounting Capstone

**You should complete all other courses in the Fundamentals of Accounting Specialization before beginning this course.** The capstone project will be set in the context of a realistic small-business enterprise, and will require you to think deeply and apply the accounting concepts presented in the other courses in the Fundamentals of Accounting. While navigating the daily operations of the business, you will have an opportunity to consider the accounting implications of the economic events encountered, as well as how these economic events should be communicated to decision makers. If you enjoy this business course and are interested in an MBA, consider applying to the iMBA, a flexible, fully-accredited online MBA at an incredibly competitive price offered by the University of Illinois. For more information, please see the Resource page in this course and onlinemba.illinois.edu.

• Fundamentals of Accounting Capstone Introduction
• You will get an introduction to the Capstone project and your instructor.
• Milestone 1: Business Description
• Choose your business!
• Milestone 2: Expenses and Selling Price
• What are the costs associated with your business and how much will you charge for your product or service? In the case of a not-for-profit organization, how much money will the business need to collect from donations or other funding sources?
• Milestone 3: Assets
• What assets do you need to run your business and how will you pay for these assets?
• Milestone 4: Budgeted Income Statement and Analyses
• Evaluate your progress in developing your business.
• Milestone 5: Internal Decision Making
• How will you use the information that you have gathered and analyzed thus far to make decisions?
• Milestone 6: Pro-forma Financial Statements and External Decision Making
• What does the financial future of your business look like?