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

4,390 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

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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276 - 300 of 985 Reviews for Financial Accounting: Foundations


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 Muahammad A

Jun 22, 2018

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

By Dr. R V

Dec 31, 2023

Excellent, Knowledgeful, Informative Course with the right procedure for accounting

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.

By Michael C

Jul 9, 2018

useful course to introduce the audiences to the world of financial management.

By Shahid G

Aug 26, 2017

it's an excellent course for the people who doesn't have financial background.

By Lwando T

Mar 29, 2021

offered a different approach to accounting as I know it under IFRS standards.

By Dejan C

Sep 8, 2019

Exceptional course, such valuable skills are inevitable business environment!

By Stanley M

Dec 24, 2018

The course is very relevant to people with little or no accounting background