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

4,389 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 they provide • 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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876 - 900 of 985 Reviews for Financial Accounting: Foundations

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 Digvijay G (

Apr 12, 2023

Good course for gaining accounting knowledge.

By kirti R

Jul 1, 2022

Very well explain all the things of accounts.

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.

By Zainan V Z

Mar 25, 2017

Brief and clear, very easy to understand

By Niangran E M

Sep 14, 2020

Très beau cours ! Complet et précis ..

By Alberto S

Nov 18, 2018

Overall very clear and well organized.

By Anurag G

Jul 20, 2020

Beautiful course. Crisp and accurate!

By Sudeep B

Sep 29, 2017

Excellent contents and good lectures.

By Abid S

Sep 23, 2020

Excellent course with great content.

By Adarsh V

Jun 29, 2020

Amazing course. Thorough content.


Apr 11, 2020

sir i have not got my certificate