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

4,220 ratings

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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351 - 375 of 946 Reviews for Financial Accounting: Foundations

By Naresh G

Feb 9, 2020

Excellent course for learning the fundamentals of accounting.

By Suo W

Aug 31, 2018

Very practical and solid foundation for financial accounting.

By Dev M

Jun 5, 2021

It was a very interesting course and learnt a lot of things.

By Mohammed A

Sep 28, 2020

It was really helpful. However last module was bit confusing

By Mehrubon S

Aug 27, 2021

It was a very useful course regarding financial accounting.

By Y A E N A M

Oct 6, 2020

it's very good .. I'm happy for learn this course, thanks !

By Zahir H

Apr 21, 2020

This course taught me lots of basic concepts of Accounting.

By shukla s

Jan 18, 2020

It's very helpful for me to understand Financial Accounting

By Chris B

Dec 3, 2016

Love it cant wait to complete more in these specializations

By Ahmad M I R

May 26, 2022

Compact yet comprehensive course on accounting foundations

By Mamtha.R

Jun 22, 2020

practice quizzes are a great way to improve your knowledge

By 18U218 H M V B

Jun 22, 2020

best finance course for a beginner and engineering student

By Ahmed K H S

May 29, 2020

It was a great course, and I`m looking forward to continue

By Bogdan B

Sep 4, 2018

Exceptional course with such clarity during presentations!

By venkatesh s

Jul 19, 2018

I loved the course and it gives a very realistic knowledge

By Dr G V K K

Jun 2, 2020

Very good coverage - 100% in financial accounting subject

By Jennifer N

Sep 5, 2018

Professor is wonderful at explaining foundation concepts.

By Colin H

Mar 13, 2017

Great entry level course for general accounting concepts.

By Javier R G

Nov 7, 2022

very good to start with financial accounting principles!

By Cedric M A S

Apr 9, 2021

Very clear and very good exercices. I strongly recommend

By Armando P

Jul 10, 2022

Excelente¡¡¡¡¡ all about was fantastic and challenging

By Murphy B L

Dec 13, 2020

This is a very awesome, relevant and insightful course.

By Nate A

Oct 5, 2020

Exceptional teaching, makes a boring topic interesting.


Feb 5, 2019

Very nice opportunity to enhance our skills! Thank you!

By Maximus M A

Jan 29, 2018

Great course. a lot explanation and learning material.