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

344 ratings

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


Oct 29, 2021

As being a scholar of Management Sciences I really appreciate that this course helped me to lean and revise my concepts that I have already studied. Thanks to PIDE and Coursera.


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 .

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26 - 50 of 74 Reviews for Formal Financial Accounting

By Rakshitha A J

May 30, 2020

This is great opportunity for learning basics of transactions

By Quenie A D

Dec 2, 2020

Very helpful! Thank you professor :) Thank you coursera!

By Abdelrhman R

Dec 28, 2018

it is an amazing course full of much useful information

By Zah K E

Feb 14, 2021

Very understandable and make you get the concept well

By Kishor M

Aug 19, 2020

The course is designed in very easy and effective.

By Dawn B

Oct 11, 2020

Great program. Detailed explanation by lecturer

By Swati K

Jun 8, 2021

I can say this super technique method. waooo

By Genette G

Aug 6, 2022

I am so thank ful for yall. learn alot

By Keerthana S

Sep 2, 2020

I am satisfied in listing the class

By Harvey C S

Mar 5, 2023

Great course! Highly recommended!

By Gulnaz s

Nov 2, 2021

This is so helpful. its amazing

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 H

Jul 22, 2018

Very valuable course

By Emmanuel N

Jan 11, 2021

Cover all unit

By Simon O

Oct 13, 2021

Great lessons

By Octavio L A

Feb 9, 2021

Great course.

By Kancham V k r

Feb 8, 2023

good skills

By kavya b

Jan 24, 2022

very useful

By sonam c j

Oct 27, 2020

it was good