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

290 ratings
59 reviews

About the Course

This course builds upon what you learned in Financial Accounting: Foundations and Financial Accounting: Advanced Topics and introduces you to formal foundations of financial accounting. The main purpose of the course is to familiarize you with technical terms in financial accounting, such as debit, credit and T-account. While knowledge on technical aspects of financial accounting is not necessary to understand and interpret financial statements, this knowledge is critical to be able to understand advanced topics in accounting. Formal Financial Accounting is a prerequisite course for the University of Illinois' iMSA program and the terminology we will cover will be used throughout the courses in iMSA program. The University of Illinois at Urbana-Champaign, consistently ranked as one of the nation's top three accounting programs, now offers a master’s in accounting at a very affordable tuition rate and is completely online. The iMSA is a full Master of Accountancy program and students graduate with a highly recognized master degree. Try an open course or two, then apply for admission into the credit-bearing version, as you may be eligible to take credit-bearing courses during the application process. If you are missing any prerequisites for the full degree, you can complete Coursera courses to demonstrate readiness and strengthen your application for the iMSA. For more information on this exciting online master's in accounting program, refer to this link: ...

Top reviews

Dec 8, 2017

The lectures are great and easy to understand, and the examples are well explained and easy to follow. The professor explains the material in a very understandable way .

Apr 9, 2021

The course ties in the other ones nicely. Its "final exam" was a great real-world application. It should've been combined with the other two classes though!

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26 - 50 of 58 Reviews for Formal Financial Accounting


Sep 2, 2020

I am satisfied in listing the class

By Mit A P

Sep 26, 2020

Thank you so much god. om shanti


Jun 23, 2020

Excellent and looking forward!!!

By Aldren L L

Nov 21, 2017

Thank you so much for this.

By Günel

Apr 4, 2020

Thank you for everything

By Boutros H

Apr 2, 2019

Very helpful

Many Thanks

By Savita P

Dec 8, 2020

really enjoyed learning

By Nahashon M M

Oct 17, 2020

Very well articulated.

By Khaled M A H

Jul 22, 2018

Very valuable course

By Emmanuel N

Jan 11, 2021

Cover all unit

By Octavio L A

Feb 9, 2021

Great course.

By sonam c j

Oct 27, 2020

it was good

By Z.Shoukath A

Sep 15, 2020


By Pedro C A V

Jul 19, 2019


By Deleted A

Apr 25, 2020

very good

By Ali A

Apr 2, 2020

The Best

By Nicat K

Apr 10, 2020


By Ziba H

Apr 8, 2020


By Anefu S A

Jul 19, 2020


By Simmi S

Feb 6, 2021


By Vivek V

Jun 16, 2020

I would have preferred if the final quiz was more challenging. It'd have been better if we had to actually prepare financial statements from the ledger accounts.

Nevertheless, I learnt quite a bit from this course so I'm happy :)

By Ntemis P

Jan 21, 2021

Very helpful and full of information. In my opinion it would be even better if it was a bit slower and a bit more analytical. My 4 stars is more like 4 stars and a half.

By Saaid S

May 13, 2020

Great teaching technique. Build from a simple example and then add more complicated situations. No nonsense straight forward course. Highly recommended.

By Erach D

Dec 13, 2020

Professor Urcan was excellent in his presentations / lectures. Very useful for me - as a refresher course for what I am currently consulting on.

By Federico C

Aug 9, 2020

Good basic course with examples and practice excercises. It is a very clear, simple and useful explanation.