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

4,389 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 they provide • 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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851 - 875 of 985 Reviews for Financial Accounting: Foundations

By Abanob R

Feb 3, 2017

it's a good course in financial accounting foundations and I real liked the idea of the peer assignment

By Agustín E

Apr 23, 2018

The grading of the submission took too long. I´m still waiting. The rest of the course was excellent!

By Varsha R

Apr 22, 2020

Peer graded assignment was not explained properly. Rest of the course material was explained nicely.

By Jacques P

Mar 6, 2017

Good and clear explanations to refresh or establish knowledge about financial accounting principles.

By Emmanouil K

May 18, 2017

A good class overall. Would have liked it more if the approach was a little bit more systematic.

By Shelley K

Jun 15, 2019

The fundamentals are covered in good amount of detail and information is easy to articulate.

By Shreya R

Aug 9, 2020

It was a great learning experience for me . i learned a lot about the financial accounting.

By Seth B

May 10, 2021

Thanks, good course. I did have to look at other sources to understand LIFO/FIFO dynamics.

By Chia C L

Mar 24, 2019

Good accounting course for a beginner! Would be good if there are many practical examples.


Feb 13, 2019

The coursework and presentation of materials assisted in completing this course on my tim

By Ruth N

Apr 14, 2022

this is a very wonderful course and i would recoomend it to all accounting professionals

By Aljaz S

Oct 8, 2018

The lecturer is sometimes hard to understand, but teaches the concept quite efficiently.

By Tayroni H d S C d O

Sep 30, 2018

Awesome course, nothing to complaint. Just wanted that the books were easier to find.

By mudit m

Nov 6, 2016

One or two mega examples to cover all the topics of this course would have been great

By Craig B

May 20, 2018

Good, well presented course covering the basics in an easy to understand approach.


Sep 13, 2020

It was Great to be part of this course and sessions were productive and satisfied


Jul 4, 2020

Very Good Course. Explanation wise - Excellent. I just expected more examples.

By Alan C

Dec 3, 2017

Short assets could have been broken up into two weeks ,lifo and fifo were hard

By Sarah V

Feb 4, 2021

The course was quite easy to follow with comprehensive and relevant examples.

By Joshua A

Oct 17, 2021

excellent foundation to understanding Financial Accounting................

By Berty M

May 6, 2020

very clear and good explanations of basic accounting methods and concepts

By shreya

Aug 10, 2020

I have learnt a lot about financial accounting and thanks to this course

By Mohamad J M

Sep 26, 2017

nice and easy to follow , 4 stars just for the instructor's hard accent

By Jeet K S

Aug 11, 2019

Good Explanation of concepts with effective and descriptive examples.

By Ibrahim H

Oct 3, 2017

The instructor's accent wasn't easy to understand in some few points.