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Back to Accounting Analysis I: The Role of Accounting as an Information System

Learner Reviews & Feedback for Accounting Analysis I: The Role of Accounting as an Information System by University of Illinois at Urbana-Champaign

390 ratings
77 reviews

About the Course

This course is the first course in a five-course Financial Reporting Specialization that covers the collection, processing, and communication of accounting information (via financial reports) about economic entities to interested parties (i.e., managers and external stakeholders such as stockholders and creditors). To gain the most relevant knowledge from these courses, learners should have taken a basic accounting course prior to this Specialization (which can be done through Coursera courses, such as any accounting course from the Fundamentals of Accounting Specialization: This Specialization focuses on accounting concepts, principles and theory with an emphasis on problems that arise in applying these concepts for external reporting purposes. Specific emphasis is placed on measurement of assets, liabilities, equities and income, as well as disclosure of additional information that may assist users understand the financial reports. After a brief introduction to the course, we will spend time understanding the overall financial accounting structure and standards as well as review the fundamental accounting process used to prepare the financial statements, which will establish a framework for the study of the concepts in the remaining courses in the Financial Reporting Specialization. In this course, we will begin our review of key information included in the Balance Sheet and Income Statement and their related financial disclosures. The Statement of Cash Flows will be introduced briefly with more discussion to follow in later courses of the Specialization. Also, we will provide a cursory review of key concepts involving time value of money as we will finish this course with focus on revenue recognition, including discussion of the new revenue standard. We will review the general approach for recognizing revenue, special issues affecting revenue recognition including long-term construction contracts. In addition, we will discuss and review common ratios used in profitability analysis. The University of Illinois at Urbana-Champaign, consistently ranked as one of the nation's top three accounting programs, now offers a master’s in accounting at a very affordable tuition rate and is completely online. The iMSA is a full Master of Accountancy program and students graduate with an MS that is highly recognized. Try an open course or two, then apply for admission into the credit-bearing version as you may be eligible to take credit-bearing courses during the application process. If you are missing any prerequisites for the full degree, you can complete Coursera courses to demonstrate readiness and strengthen your application for the iMSA. For more information on this exciting iMSA online program, refer to this link:

Top reviews

Sep 14, 2020

The pace of the course was easy to follow and the overall content was very well explained. The questions were challenging and made the learning experience fulfilling.

Aug 23, 2019

Highly recommend! A very intensive course that will provide you with lots of systemized knowledge on basics of accounting.

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51 - 75 of 76 Reviews for Accounting Analysis I: The Role of Accounting as an Information System

By Saumya S

Nov 12, 2020

Some questions were direct but some questions were hard and required more in depth hold in terms of understanding.


Jan 20, 2021

The course was very well taught and very explanatory. Mr. Davis is a very good lecturer.

By Judith A

Sep 10, 2020

The course was a challenge; however, I was very pleased with the results.


Feb 24, 2021

Very good course, good explanation and examples. Thank you!

By Kristian B V

Oct 23, 2020

Ihad learned a lot on this course so friendly learning

By Kate H

Dec 9, 2020

Good introduction to financial accounting under GAAP

By Sagaaruuu

Nov 11, 2020

Very useful course, learned a lot of things.

By Alhanouf A B S

Feb 13, 2021

Very helpful and enjoyable course!

By Anan H

Feb 15, 2021

i need my certificate . thankyou

By Eireen A G

Aug 18, 2020

The course is great review tool.


Jul 13, 2020

Excellent & Looking Forward

By Cesar A M

Aug 27, 2020

I learn a lot, thank you

By Fouad R

Nov 18, 2020


By Motilall M

Oct 19, 2020

Very informative


Oct 11, 2020

Very informative

By Annaly B O

Dec 23, 2020

I learn a lot..


Aug 16, 2020

perfect course

By Michael E H

Dec 19, 2020

Great course!

By Shaiane P K

Sep 13, 2020

Great course.

By Maruf W

Dec 1, 2020


By Mofaggol H

Oct 2, 2020


By Komala.R

Aug 3, 2020



Jan 28, 2021


By Jhon A L A

Sep 17, 2020



Dec 17, 2020

good course got some good accounting insights