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

4,389 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 they provide • 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

Top reviews


Sep 3, 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.


Jun 6, 2020

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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251 - 275 of 985 Reviews for Financial Accounting: Foundations

By Joshua W M

Jan 11, 2023

Great course, thorough material, challenging questions, overall a worthwhile

time investment.


Aug 16, 2020

Great learning experience , will recommend it to all those who need the basics of accounting.

By Dung N

Mar 15, 2021

Good presentation and transcript materials. I really like the real-life practice questions.


Jul 12, 2020

Excellent course, very good to learn new concepts and strengthen knowledge. 100% recommended

By Md A

Apr 27, 2020

The course and faculty are amazing. This course helps me understanding financial statements.

By Neha S

Nov 17, 2019

Best course, learned a lot of quality information which gave me the way to build my career.

By Rahul S

Jun 14, 2019

Interesting course which really helps in understanding the basics of financial accounting!!

By Mustafa G

Sep 14, 2020

It was a great experience of learning thank you all for providing such a wonderful program

By Jonathan S E O

Jul 18, 2020

It was a really good course, I believe you will need a little of background in accounting,

By Galib H K

Aug 8, 2019

Excellent course for beginners. The Quizzes are really great to practice all the concepts.

By Abdul K O

Apr 25, 2018

Such an amazing course. Learnt so much and I am much comfortable working in the field now.

By Michael R

Feb 26, 2018

Great beginning course. I am going to continue the specialization and hope to learn more.

By victor a

Apr 8, 2021

The course is explained in a very easy to understand manner, i enjoyed every minute of it

By Saritha j

Sep 24, 2020

Very useful this course. I have learning more thinks. I am improve my skill and knowledge

By Jane C C

May 22, 2020

Excellent course! Easy to comprehend and lots of examples made it easier for me to learn.

By ankit k

Oct 11, 2018

This is a great course for people who want to start with their specialization in Finance.

By Victor A B V

Jan 3, 2022

very good, quite challenging but definitely recommendable for understanding 10-K reports


Dec 1, 2019

Very happy with the course, it opened the perspective of accounting that they taught me.

By Shibaji S

Dec 19, 2018

it is a very good course. The way of teaching is very good. It is easily understandable.

By Christian R

Feb 11, 2018

Great summary of basic concepts - easy to understand and practical with real world data!

By Dagoberto B G

Feb 5, 2017

Very interesting and applicable. Not just the concepts but also a contrast with reality.

By Munira Q E q

Oct 14, 2020

I gave the most information about financial accountings. This course is very important


Dec 18, 2019

Excelente docente, se entiende muchos de los conceptos a pesar de estar en otro idioma

By Juan F D L

Dec 5, 2019

Excellent Course, Teacher is very good, contents are well explained. Lost of examples.

By Kaywattie M

Oct 27, 2020

I'm happy I did this course. I have gained a lot of knowledge on Financial Accounting