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

4,390 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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351 - 375 of 985 Reviews for Financial Accounting: Foundations

By Daniela B

Nov 29, 2017

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

By Dong Y

Sep 8, 2016

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

By Bakdaulet O

Nov 15, 2023

Superior performance, exSuperior performance, excellentcellent

By Tejash

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

By Chris B

Dec 3, 2016

Love it cant wait to complete more in these specializations

By Ahmad M I R

May 26, 2022

Compact yet comprehensive course on accounting foundations

By Mamtha.R

Jun 22, 2020

practice quizzes are a great way to improve your knowledge

By 18U218 H M V B

Jun 22, 2020

best finance course for a beginner and engineering student

By Ahmed K H S

May 29, 2020

It was a great course, and I`m looking forward to continue

By Bogdan B

Sep 4, 2018

Exceptional course with such clarity during presentations!

By venkatesh s

Jul 19, 2018

I loved the course and it gives a very realistic knowledge

By Dr G V K K

Jun 2, 2020

Very good coverage - 100% in financial accounting subject