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

4,391 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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301 - 325 of 985 Reviews for Financial Accounting: Foundations

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 Janet A E

Apr 28, 2024

the course gave me a better understanding of accounting cash flow principles

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.


Sep 26, 2022

Thank you for sharing this course. I've learned a lot...see you next time.

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!


Jul 18, 2020

good teaching and lectures. understood in different topics with detaily

By John P C

Dec 24, 2019

Consise and clear. I wish the LIFO calculation was more clearer though.

By Vivian M J

Dec 20, 2021

This course was well laid out and easy to understand most of the time.

By Stuart G B

Dec 15, 2021

This course provides the building blocks for understanding accounting.


Jun 11, 2020

Very usefull in my present studies Thanks to Illinois & alliance team.