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.
Formal Financial AccountingUniversity of Illinois at Urbana-Champaign
About this Course
- 5 stars81.57%
- 4 stars14.32%
- 3 stars2.04%
- 2 stars1.46%
- 1 star0.58%
TOP REVIEWS FROM FORMAL FINANCIAL ACCOUNTING
I recommend this course for non-accounting people, who want to learn and start to know accounting. If you make the exercises and examples you can learn a lot.
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!
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.
Great teaching technique. Build from a simple example and then add more complicated situations. No nonsense straight forward course. Highly recommended.
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