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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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501 - 525 of 985 Reviews for Financial Accounting: Foundations

By Walid C

Aug 21, 2023

Great setup , simple to follow.

By Prof. J L J

Aug 28, 2020

Very nice experience, Thank you

By Saifullah

Apr 28, 2020

Excellent course for beginners.

By Quý M P

Sep 17, 2021

Excellent course for beginners

By Malia M

Jun 14, 2021

more skills , more opportunity

By Ahmed S R

Jun 5, 2021

This course was really useful

By Aman R

Mar 11, 2021

Very good course for beginners

By Muhammed S A

Dec 4, 2020

Professor oktay really helpful


Jul 16, 2020

Excellent & Looking forward!!!

By Jhamka G

Jun 13, 2020

Very Good Course for Everyone.


May 16, 2020

Study materiel are very useful

By Sachin D

Aug 22, 2019

Ok Good Course for Accountancy

By Eliane G

Oct 9, 2018

Excellent professor and class!

By 张祖悦Momo Z

Sep 2, 2018

The explanation is too simple.

By Lojie M

May 5, 2017

Fantastic course! Well taught.

By Gil P d O

Nov 6, 2016

A very well structured course.

By Yaw b k

Oct 29, 2023

i love studying with you guys

By Eyleen A C P

Nov 16, 2021

Incredible course! I love it!

By Akshay R

Jun 28, 2021

Quizzes help lots in learning

By arnoos a

Jul 31, 2020

I enjoy studying this course.

By Kaman C

Oct 10, 2019

Prof. Urcan does a great job!

By Onu N M

Jul 8, 2020

This course was very helpful

By Samy A

Jun 29, 2020

Thank you! very well taught.

By E.Roja

May 11, 2020

really it is good experience

By Shamon R

Oct 4, 2019

Challenging appreciated this