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

4,404 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


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Thank you very much for the University of Illinois and Prof. Oktay. The best explanation ever! Interesting cases and problems! This course helped me to create a strong foundation in accounting.


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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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376 - 400 of 987 Reviews for Financial Accounting: Foundations

By Dr G V K K

Jun 2, 2020

Very good coverage - 100% in financial accounting subject

By Jen B

Sep 5, 2018

Professor is wonderful at explaining foundation concepts.

By Colin H

Mar 12, 2017

Great entry level course for general accounting concepts.

By Javier R G

Nov 7, 2022

very good to start with financial accounting principles!

By Cedric M A S

Apr 9, 2021

Very clear and very good exercices. I strongly recommend

By Armando P

Jul 10, 2022

Excelente¡¡¡¡¡ all about was fantastic and challenging

By Murphy B L

Dec 13, 2020

This is a very awesome, relevant and insightful course.

By Nate A

Oct 5, 2020

Exceptional teaching, makes a boring topic interesting.


Feb 5, 2019

Very nice opportunity to enhance our skills! Thank you!

By Maximus M A

Jan 29, 2018

Great course. a lot explanation and learning material.

By Mohamed A J

Nov 22, 2020

still didn't get my certificate regarding this course


Sep 29, 2020

Very useful for us to upgrade our knowledge and skill

By Ragini S

Jun 18, 2020

nice to learn accounting concepts in realistic manner

By David W

May 5, 2020

Professional production and very effective materials.

By Jesus A M S

Mar 14, 2020

muy bueno muchas herramientas que te ayudan a mejorar

By Romain S

Jun 10, 2019

Excellent to learn about the UK-US accounting Methods

By Cornelia B

Jun 13, 2018

Excellent. Really got me thinking. Thanks Prof Urcan.

By Laures G

Oct 27, 2022

very good i learn a lot thank you so much professor

By Farid N

Dec 20, 2020

This course is very undestanble. Thanks for Mr Urcan


Jul 30, 2020

It has opened my eyes to a lot of things. Thank you.

By Liliana V

Jul 24, 2020

i really like it! the way it was explain, and showed

By Janice A M

May 26, 2020

Thanks! It such a nice experience learning in here.

By Manoj P

Aug 4, 2019

Great course that I took as part of my iMBA program.

By Gerrit K

Aug 12, 2016

This course really offers an accessible introduction

By Sakshi b 2

Mar 8, 2021

It was a great course .got to learn many new things