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

4,400 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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426 - 450 of 986 Reviews for Financial Accounting: Foundations

By Filippo P

Dec 18, 2019

Very clear explanation with a lot of examples.

By Nemish C

Jul 14, 2020

it enhanced my skills in financial accounting

By Mikova E S

Oct 22, 2020

Very interesting and useful course! Thanks!

By Valens N

Jul 27, 2020

This course was full equipped with materials

By Richard G

Jun 18, 2020

Excellent course in accounting fundamentals.

By Vidit s

Sep 24, 2018

Great course! very detailed and well taught!

By Venkata N V G

Sep 10, 2018

Awesome course.. Professor Oktay is amazing!

By Gustavo C A

Mar 18, 2017

Really good, clear, and perfectly explained.


Dec 5, 2020

excellent course and amazing instructor !!!

By Ray S

Sep 8, 2018

Excellent baseline, beginning level course.

By Ahmed M

Sep 20, 2017

It's a very useful course

I highly recommend

By Blessing U

Nov 5, 2016

Interesting course, totally enlightening!!!

By Alfredo A N

Aug 2, 2020

The course is amazing. Totally recommended

By Zulqarnain

Jul 18, 2020

wonderful course for accounting foundation

By Deleted A

Sep 17, 2019

Very good course! I recommend it strongly.

By Cesar P

Feb 22, 2017

muy bien explicado todo el curso, gracias!

By Ali d b

Mar 3, 2023

j'ai terminer cours je besoin certificat

By Gabriel G

Nov 11, 2020

Really good. It actually makes you think.


May 22, 2020

I have done evrything send my certificate

By José A S H

May 5, 2020

nice course for start learning financial.

By Egon S

Oct 22, 2019

Good and easy to follow, hands-on course.

By Ahmar S

Sep 14, 2018

Very clearly explained the basic concepts

By Jorge A G

Aug 16, 2017

I now understand more advance accounting.

By Keith M K

Nov 15, 2016

Great instructor. Good course materials.

By Deleted A

May 17, 2021

Very good course for accounting students