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

4.7
stars
4,592 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 • 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 onlinemba.illinois.edu....

Top reviews

B

Aug 4, 2020

Thank you very much for the University of Illinois and Prof. Oktay. The best explanation ever! Interesting cases and problems! This course helped me to create a strong foundation in accounting.

YP

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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326 - 350 of 1,030 Reviews for Financial Accounting: Foundations

By bassem s h

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Nov 4, 2017

was unexpected and awsome i liked it and i found alot of useful information

By Fasil A

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Dec 7, 2024

Excellent content and great presentation. Course was better than expected.

By Anthony T

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Apr 16, 2021

Excellent course for an introduction to financial accounting fundamentals.

By Jordan L

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Nov 6, 2018

Very educative relevant for persons engaged in the commercial world today.

By YASH G

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May 22, 2021

It is a good course one should do it.It is good forr management students.

By Xander B

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Feb 10, 2021

Learned a lot about accrual vs cash accounting and how to read statements

By Quenie A D

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Nov 29, 2020

Thank you for the generous amount of knowledge shared! I learned so much.

By Elnur I

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Jul 12, 2020

Excellent course. Thank you very much for such a great productive course.

By Dr. S S H

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May 30, 2020

Joining this course give me an immense knowledge of Financial Accounting.

By Aniket W

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Jul 8, 2020

The course is very good but the only issue is that the lecturer's accent

By Aashish B

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May 30, 2020

incredible course, I am not a stranger to accounting statements anymore!

By SHASHI K K N

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Jul 18, 2020

good teaching and lectures. understood in different topics with detaily

By John P C

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Dec 24, 2019

Consise and clear. I wish the LIFO calculation was more clearer though.

By Vivian M J

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Dec 20, 2021

This course was well laid out and easy to understand most of the time.

By Stuart G B

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Dec 15, 2021

This course provides the building blocks for understanding accounting.

By JANARDANA R N R

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Jun 11, 2020

Very usefull in my present studies Thanks to Illinois & alliance team.

By Aparna S

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Jun 2, 2020

The course give clear description of different elements of accounting.

By Jayashree B

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May 24, 2022

Very well expalined. Easy to understand the topic with good examples.

By AHMET B

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Apr 16, 2021

one of the most useful and informative courses, thanks to Prof. Oktay

By NTABANGANYIMANA K

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Dec 21, 2020

A VERY RICH CONTENT AND PROVIDING WELL CONSTRUCTIVE FINANCIAL SKILLS.

By Gabriel J

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Jul 21, 2020

A matured presentation of balance sheet and income statement details.

By Connor K

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Sep 21, 2019

good course, not an exciting topic, but the professor does a good job

By Erin O

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Oct 19, 2017

Great class as an introduction to financial statements! Very helpful

By Apostolos P

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Apr 4, 2021

Very good course its very helpful to remind you accounting practices

By Cristina Y

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Aug 29, 2018

Very useful, have much better understanding of basic accounting now!