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

4,392 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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326 - 350 of 985 Reviews for Financial Accounting: Foundations

By Aparna S

Jun 2, 2020

The course give clear description of different elements of accounting.

By Jayashree B

May 24, 2022

Very well expalined. Easy to understand the topic with good examples.


Apr 16, 2021

one of the most useful and informative courses, thanks to Prof. Oktay


Dec 21, 2020


By Gabriel J

Jul 21, 2020

A matured presentation of balance sheet and income statement details.

By Connor K

Sep 21, 2019

good course, not an exciting topic, but the professor does a good job

By Erin O

Oct 19, 2017

Great class as an introduction to financial statements! Very helpful

By Apostolos P

Apr 4, 2021

Very good course its very helpful to remind you accounting practices

By Cristina Y

Aug 29, 2018

Very useful, have much better understanding of basic accounting now!

By Christian D C V

Apr 24, 2021

thank to Prof. Oktay! This course is superb. I really learned a lot

By Dr. S G R R

Jun 18, 2020

Very good course for those who wants to learn basics of accounting.

By Rajendra P

Oct 20, 2016

I feel better after having to lean all the concepts in this course.

By Venkateswarlu A

Aug 10, 2021

Really teaches important basics of accounting , it is very useful

By Ekute G

Mar 18, 2021

this course has improve my ability to analyse financial statement

By Hari V S

May 4, 2020

Great Course to start and excellent teaching with real time data.

By Deleted A

Jan 30, 2019

Excellent course - it provide me with my expectations - Thank you

By Simmi S

Jan 31, 2021

this course is very helpful to understand the accounting concept

By Emmanuel O

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 Minh N 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.