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

3,856 ratings
902 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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776 - 800 of 879 Reviews for Financial Accounting: Foundations


Sep 13, 2020

It was Great to be part of this course and sessions were productive and satisfied


Jul 4, 2020

Very Good Course. Explanation wise - Excellent. I just expected more examples.

By Alan C

Dec 3, 2017

Short assets could have been broken up into two weeks ,lifo and fifo were hard

By Sarah V

Feb 4, 2021

The course was quite easy to follow with comprehensive and relevant examples.

By Joshua A

Oct 17, 2021

e​xcellent foundation to understanding Financial Accounting................

By Tshala B M

May 6, 2020

very clear and good explanations of basic accounting methods and concepts

By shreya k

Aug 10, 2020

I have learnt a lot about financial accounting and thanks to this course

By Mohamed J

Sep 26, 2017

nice and easy to follow , 4 stars just for the instructor's hard accent

By Jeet K S

Aug 11, 2019

Good Explanation of concepts with effective and descriptive examples.

By Ibrahim H

Oct 3, 2017

The instructor's accent wasn't easy to understand in some few points.

By Sayyed D A S H

Apr 24, 2021

it is a good course for understanding the basic accounting concept.

By Alaa E A H A

Jun 4, 2017

I prefer If the double entry system used to list the transactions


Sep 23, 2016

This is amazing course to clear your basic concept... Like it

By Indira G

Mar 1, 2021

This course was very informative with enough course materials

By abdulah k

Oct 5, 2018

I am a cma candidate iam a self-taught the matrial were super

By Ilham

Apr 8, 2020

lecturer could explain in detail ,because this is foundation

By Nazneen M

Apr 15, 2021

needs little more detail about revenue recognition though

By Pravan O

Mar 23, 2020

Very well taught; concise, clear and understandable.

By Kalvis P

Jul 16, 2019

Very nice, talking about the things I didn`t knew.

By Silué S F

Jul 27, 2020

De bon cours avec une facilité d'apprentissage.

By Murali D

Oct 30, 2016

Good foundation class for financial accounting.

By Shilpi S

Jun 2, 2020

LIFO, FIFO and weighted average is not clear.

By Haoming L

Jan 18, 2020

Good. But the lecturer has very heavy accent.


Feb 11, 2021

A Very good course for financial accounting

By Rafiq A

Jun 24, 2019

Very good course and very good explanation.