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Learner Reviews & Feedback for Financial Accounting: Foundations by University of Illinois Urbana-Champaign

4.7
stars
4,420 ratings

About the Course

In this course, you will learn the 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 receivable and inventories. Upon successful completion of this course, you will be able to: • Understand the main financial statements and the financial information • Write a financial transaction in financial accounting language and understand how this impacts the main financial statements • Understand how accrual accounting and fundamental accounting concepts work • Understand revenue recognition principles and how they impact the main financial statements • Account for accounts receivable 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 go to onlinemba.illinois.edu....

Top reviews

SC

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It is a very interesting course with an excellent instructor who explores real and created scenarios making the subjects easy to understand and compare with real-life BS and NIS.

YP

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The modules were extremely informative and nothing less to say, Oktay sir's presentations were very easy to understand even for a person like me who has no prior knowledge about Financial Accounting.

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1 - 25 of 995 Reviews for Financial Accounting: Foundations

By Akash P

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Sep 26, 2019

excellent course for beginners

Best Feature: Everything is explained with a real time example and the example is kept constant throughout the course reducing the ambiguity one may have

By Anup B

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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.

By Siti A F

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Feb 4, 2019

Dedication and discipline is the key to completing the whole course. Course is arranged gradually and even though it is stated for beginner, you need to pay attention to the professor if you want to pass the tests. You cannot only rely on the PDFs. Great course, I felt extremely challenged. Thank you Univ. Illinois Urbana-Champaign for allowing me to experience world class education!

By Antonio D

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Sep 4, 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 bao t

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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 Yee P F

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Mar 8, 2017

Very structured and easy understanding course content. It is a good start to pick up Financial Accounting Basic by watching each videos and work on the quizzes. Thumbs up!

By Sachin P X

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Sep 17, 2018

The course is presented in a very structured manner. The lessons are easy to understand and regular practice assignments help in internalizing the concepts learnt.

By Josemartin C

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Apr 12, 2019

The course was great. I learned a lot about accounting basics that will help me to better understand more complex situations. Thank you, Coursera. Thanks to our professor and those who helped to make this course.

By Justine C

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Feb 28, 2018

Great Financial Accounting course for beginners. I enjoyed the practice quizzes after each instructional video and will recommend this course to friends. Thank you!

By AJ W

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Nov 19, 2018

Great information. As a non-accountant professional, this course has been extremely helpful with real practical accounting principles that I can apply at work.

By Emi K

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Jul 14, 2019

This course helped me get my head around topics I never thought I would master. I am incredibly grateful for this course. I am now excited by the challenges of financial accounting -- something I never thought I would be.

By Salman H

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Aug 20, 2017

The course material is very good and it is well described by lecturer. Although , in my opinion case studies and more comprehensive quizzes and assignments for transactions recording will make it more understandable.

By Luis E N

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Jul 6, 2019

Excelent course and very charismatic teacher!! This course helped me to cover some holes in my accounting formation. Also was a good chance to explore accounting under US GAAP ( i work in a IFRS envioroment)

By Venka P C

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Sep 11, 2018

Excellent course from Professor. Oktay Urcan . He simplified this complex content and arranged it in a logical format to make it appear quite easy. Well worth taking this class.

By Gyani

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Nov 4, 2017

I enjoyed this course. The course content has been designed quite well, it explains the accounting fundamentals quite well and offers assignments and quizzes which further help you to sharpen your knowledge.

By Cristian F M Q

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Jul 30, 2017

It is an excellent course which give you a strong accounting base. One of the most important emphasis is the right way to record difficult accounts and its accounting treatment. I am highly satisfaied.

By Kevin F

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Sep 5, 2019

Great foundations course. Highly recommend completing the worksheets on your own before watching solutions video as it helps ensure material retention.

By Shiming S

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Mar 11, 2017

This is a very useful course for me on my job, for the property insurance claim requires me to understand what the balance sheets are talking about

By Yasin A

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Sep 23, 2017

This course covers all basic aspects of financial accounting. The modules are concise, brief and to the point. The lecturer, Prof. Oktay Urcan, is teaching perfectly. I appreciate all parties for providing with this unique opportunity.

By Jafed E G

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Jul 6, 2019

I enjoy the lectures. The professor has a good speaking and teaching style which keeps me interested. Lots of concrete math examples which make it easier to understand. Very good slides which are well formulated and easy to understand

By Dmytro A

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Aug 5, 2018

It was perfect course for me to understand what financial accounting is. I am from post Soviet Union country, so we pay much more attention to Accounting, not to Finance. But I need more of the Finance in my future job and education.

By Oleksandra G

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Jan 10, 2019

Extremely helpful, easy to understand explanations, enough examples to memorize all the new information. The methods of explanation were really effective for me. Many questions I had got answered in this course. Thank you!

By Mannit T

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Jan 30, 2018

The course is very well planned and taught. I'm from non finance background and was yet able to understand the all the concepts. This course might as well be helpful for refreshers. Really enjoyed the course.

By Todd J F

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Mar 5, 2018

Good overview and the course is really easy to go through. Works well on home computer as well as my iPhone so completing the course was easy and convenient.

By Cody C

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Dec 31, 2017

This course is delivered in a very professional manner. The instructor is very direct, to the point with clear cut examples that help facilitate learning.