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

3,932 ratings
914 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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276 - 300 of 891 Reviews for Financial Accounting: Foundations

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

By 钟晓敏

May 2, 2018

concise and excellent, do give me a vivid impression to financial accounting.

By 阙涵宇 Q H

Sep 21, 2016

Very detailed teaching! Really learned a lot of thing about basic accounting.

By Inese V

Nov 15, 2020

Very well explained and presented the fundamentals of accounting. Thank you!

By Ronit M

Sep 8, 2020

This was Amazing. Got to learn many things in a structured format. Thank you


Jul 27, 2020

This course has a consistent structure and cover the topics that I expected.

By Leovita A

Nov 3, 2019

This is a great start for anyone who wants to learn accounting from scratch.


Jan 14, 2017

Practice quizzes were really helpful.

Overall a good course for the starters.

By Dawn B

Nov 8, 2020

Great Program. Materials were sufficient and the presentation was excellent

By bassem s h

Nov 4, 2017

was unexpected and awsome i liked it and i found alot of useful information

By Anthony T

Apr 16, 2021

Excellent course for an introduction to financial accounting fundamentals.

By Jordan L

Nov 6, 2018

Very educative relevant for persons engaged in the commercial world today.

By Yash G

May 22, 2021

It is a good course one should do it.It is good forr management students.

By Xendurrr

Feb 10, 2021

Learned a lot about accrual vs cash accounting and how to read statements

By Quenie A D

Nov 29, 2020

Thank you for the generous amount of knowledge shared! I learned so much.

By Elnur I

Jul 12, 2020

Excellent course. Thank you very much for such a great productive course.

By Dr. S S H

May 30, 2020

Joining this course give me an immense knowledge of Financial Accounting.

By Aniket W

Jul 8, 2020

The course is very good but the only issue is that the lecturer's accent

By Aashish B

May 30, 2020

incredible course, I am not a stranger to accounting statements anymore!