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

4,011 ratings
930 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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326 - 350 of 909 Reviews for Financial Accounting: Foundations

By Simmi S

Jan 31, 2021

this course is very helpful to understand the accounting concept

By Emmanuel O A

Nov 8, 2020

This was awesome, a super wonderful course. Really learnt a lot.

By Dimple A

Jun 15, 2020

I love this course.. thanks for explaining this course so well..


Apr 27, 2020

Everything has been prepared excellent for learning this course!

By Nguyen H M N

Feb 7, 2020

Very useful! Professor Oktay Urcan made it easier to understand!

By Mario J R M

Jan 1, 2019


Excelent Introduction to Financial Accounting

By Michael E E

Jul 28, 2017

This course was very informational and interesting. I loved it!!


Feb 15, 2021

I did appreciate this course and the approach used in lecturing

By Andrii B

Nov 6, 2018

Great summary of Accounting basics principles. simple and easy.

By Daniela B

Nov 29, 2017

Great course, help us to understand and analyse Balance Sheets.

By Dong Y

Sep 9, 2016

Find it really useful and like the short video for every module


Aug 19, 2020

Great course, Learnt a lot about accounting concepts in depth.

By Shreya S

Jul 14, 2020

it's a great course and it provide all the required knowledge.

By Sevinj K

May 18, 2020

İ am very happy to took part this course. Thank You very much!

By Nitish M

Dec 20, 2019

Amazing to understand the fundamentals in financial management

By Abhijith v

Aug 15, 2020

it was informative to enhance my inner skills! really awesome

By V. A

Jul 15, 2020

Good. But I did cannot get my certificate.. Please help me..

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