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

3,050 ratings
726 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 04, 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 07, 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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651 - 675 of 705 Reviews for Financial Accounting: Foundations

By Aayushi M j

Aug 16, 2020

An amazing course .

By Ganesan D

Feb 08, 2018

Good for beginners

By Adriana M R M

Apr 05, 2020

It was Excellent

By Vipin B

Nov 04, 2019

Great experience

By Sirsendu S

Jul 09, 2017

liked it. okeish

By Nihal a K

Aug 11, 2020

Good to learn

By Ayesha F

Nov 06, 2018

great course

By 许文漪

May 24, 2017

good course!

By Deleted A

Sep 25, 2020

Really good

By Ahmed H A

Aug 04, 2020

very useful


Nov 19, 2016

good course

By Ashif R I

Jun 07, 2020

more learn

By Deepak v

Jun 04, 2020

its good

By Eshan P

Sep 22, 2020


By Shivani G

Aug 10, 2020



Aug 08, 2020



May 16, 2020



Dec 17, 2019


By Michael O

Jun 20, 2019


By Rahul H S

Jul 30, 2017


By Reyhaneh H

May 30, 2017


By mayank j s

Sep 29, 2020


By Romain V

Aug 07, 2016


By Shylah W

Mar 31, 2018

Overall, the course is an okay introduction, but I was disappointed with the level of guided content provided in resources. Basically, I ended up googling a lot of concepts and learning from other (free) platforms for this content, most of which explained the concepts in a better manner. I am happy to have completed the course, but since I paid for the program, I would have preferred to do less "self-directed discovery" to learn the concepts.

Specific examples of what I mean:

Equations could have been laid out more clearly within lectures, perhaps included in the glossary.

There were several key terms missing from the glossary; the glossary lacked consistency for what was included and what was not.

Often times new terms (or alternative names for concepts) were introduced only during tests and quizzes instead of during lectures and it was not always straightforward or logical what those terms implied.

Some of the quiz/text questions were very ambiguously worded (which did not seem to contribute to critical thinking, though that possibly was the intention).

By Aisling F

Oct 09, 2020

I found that this course definitely did cover a lot of information and I like that the exercises came from real-life examples, however, I found that the lecturer went at a very fast pace despite this being a foundational course. In particular, this was my experience during week 3 and 4. I know that the beauty of online learning is the ability to pause and rewind the lectures but I think even with that some of the material was a little fast-paced.