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

3,905 ratings
906 reviews

About the 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

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 883 Reviews for Financial Accounting: Foundations

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


Sep 6, 2020

I've learnt the foundations of financial accounting in a crystal clear, perfect way.

By sai m p

Mar 20, 2017

i have studied many things from this course. i have got knowledge from this course.


Mar 25, 2021

this particular course really helped me a lot . we can know the basics of accountacy

By Amir N

Jul 8, 2020

Concise and clear. A brilliant course for anyone who is into Finance and Accounting.

By Giulio P

Feb 16, 2020

Very clear e usefull course!

Cover the main item and aspects of Financial Accounting

By Muhammad A

Jun 22, 2018

The course is excellent and taught also very good, and learned allot from the course

By John Y

Apr 10, 2021

I found this course helpful for review after taking a full college account course.

By Mohammed A

Mar 11, 2019

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

By Ortikov B

Feb 20, 2021

It was very good introduction! Thank you to Professor, University and to Coursera

By Muhammad U

Feb 11, 2020

Best opportunity for Accounting and Finance Students ...And Realy Thanks Coursera

By Sayed S

Oct 11, 2019

excellent course. It is especially good course for Short assets of balance sheet.

By Austin L

May 6, 2020

Doing this for my admission to SMU Masters in Finance, the professor is awesome.

By Sangeeta p

Mar 9, 2020

I enjoyed learning from this course. Very informative and easily understandable.


Nov 5, 2020

The learning process was so good as material was made available through out....

By Suman D

Sep 17, 2018

Great Professor and the way he teaches the concept of accounting is incredible.


Apr 16, 2021

AMAZING COURSE! Great for people having very basic knowledge about accounting.


May 4, 2020

very nice course materials & detailed explanations with examples & case study.

By catherine k

Nov 3, 2019

i like it very much, it covers the information i wanted to learn and much more

By Ruben M S S

Jan 14, 2019

Muy buen curso. Te permite dar un vistazo completo respecto a la Contabilidad.