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Financial Accounting: Foundations, University of Illinois at Urbana-Champaign

4.7
1,181 ratings
244 reviews

About this Course

In this course, you will learn foundations of financial accounting information. You will start your journey with a general overview of what financial accounting information is and the main financial statements. You will then learn how to code financial transactions in financial accounting language. In the meantime, you will learn about the most important concept in contemporary financial accounting: accrual accounting. You will then critically analyze how firms recognize revenues. Finally, you will finish the course with an analysis of accounting for short-term assets where you will go into detail on how firms account for accounts receivables and inventories. Upon successful completion of this course, you will be able to: • Understand main financial statements and the financial information they provide • Write a financial transaction in financial accounting language and understand how this impacts main financial statements • Understand how accrual accounting and fundamental accounting concepts work • Understand revenue recognition principles and how they impact main financial statements • Account for accounts receivables and inventories. This course is part of the iMBA offered by the University of Illinois, a flexible, fully-accredited online MBA at an incredibly competitive price. For more information, please see the Resource page in this course and onlinemba.illinois.edu....

Top reviews

By AD

Sep 04, 2017

Though I have been through Intro Accounting some 3 or 4 times through different classes and seminars, I still found myself learning from this detailed and straight forward presentation of information.

By AB

Sep 24, 2017

LOVED THE COURSE. THANKS TO COURSERA SO THAT THEY GRANT ME SCHOLARSHIP. WITHOUT THIS IT WOULD NOT POSSIBLE FOR ME TO PERUSE THESE GLOBAL LEVEL COURSES AS I CANT AFFORD THIS. THANK YOU PROFESSOR.

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239 Reviews

By Saverio Debernardis

Mar 20, 2019

Very clear!

By Jonathan Kelly

Mar 19, 2019

If there were interactive workbooks, that would solidify understanding and give practical application to the content learned in the module.

By Bao Tran

Mar 18, 2019

This course is worth taking for those who don't know much about accounting. I learned a lot through this course how to work on financial statements. Highly recommend it for everyone

By muhammad arif

Mar 15, 2019

Excellent and easy to understand

By Mohammed Awati

Mar 11, 2019

Thank you so much, for all the amazing informations I really appreciate your help!

By Vikrama simha reddy

Mar 02, 2019

good and valued

By MICHAEL CIBEREY

Feb 13, 2019

The coursework and presentation of materials assisted in completing this course on my tim

By Felipe Ferri Dagostini

Feb 13, 2019

Muito bom

By Florin Munteanu

Feb 10, 2019

Not too much value for money (at 38 pounds per month), given the very basic level of the learning material / courses the specialisation has on offer (even though it's being advertised as an intermediate level one).

By CARLA PAGANO

Feb 05, 2019

Very nice opportunity to enhance our skills! Thank you!