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.
YP
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.
B
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.
BJ
This course was really helpful for me to receive the necessary information n about basic accounting principles. I would say thanks a lot to the professor and good luck to everyone!!!
YR
This course is very helpful for me to understand the process of financial reporting. I learn a lot of new terms in the financial accounting. I hope it will be useful for my future study.
BV
Loved learning and doing this course! It's a great learning oppurtunity for those who are not from a commerce background but would love to learn accounting. Thanks for this great course! :)
AP
excellent course for beginnersBest Feature: Everything is explained with a real time example and the example is kept constant throughout the course reducing the ambiguity one may have
AA
The course is a very good course. The only suggestion is to find help for the instructor to edit his English, some statement in the cc or course audio to words are incorrect.
AO
Very good overview about the Financial accounting foundations. It was important to myself to expand my mind and have a better understanding of this area and the course achieve my expectation.
VC
Excellent course from Professor. Oktay Urcan . He simplified this complex content and arranged it in a logical format to make it appear quite easy. Well worth taking this class.
SC
It is a very interesting course with an excellent instructor who explores real and created scenarios making the subjects easy to understand and compare with real-life BS and NIS.
SH
I suggest this specialization courses for those who love to learn about Financial Accounting more professionally. Thanks for the Coursera team to provide such valuable courses for us.
LL
The instructor is very knowledgeable. He explains very well, clear and keep repeating the questions and answers, making sure students learn by repetition. Very good in depth course.
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excellent course for beginners
Best Feature: Everything is explained with a real time example and the example is kept constant throughout the course reducing the ambiguity one may have
LOVED THE COURSE. THANKS TO COURSERA SO THAT THEY GRANT ME SCHOLARSHIP. WITHOUT THIS IT WOULD NOT POSSIBLE FOR ME TO PERUSE THESE GLOBAL LEVEL COURSES AS I CANT AFFORD THIS. THANK YOU PROFESSOR.
Dedication and discipline is the key to completing the whole course. Course is arranged gradually and even though it is stated for beginner, you need to pay attention to the professor if you want to pass the tests. You cannot only rely on the PDFs. Great course, I felt extremely challenged. Thank you Univ. Illinois Urbana-Champaign for allowing me to experience world class education!
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.
This course is worth taking for those who don't know much about accounting. I learned a lot through this course how to work on financial statements. Highly recommend it for everyone
Very structured and easy understanding course content. It is a good start to pick up Financial Accounting Basic by watching each videos and work on the quizzes. Thumbs up!
The course is presented in a very structured manner. The lessons are easy to understand and regular practice assignments help in internalizing the concepts learnt.
The course was great. I learned a lot about accounting basics that will help me to better understand more complex situations. Thank you, Coursera. Thanks to our professor and those who helped to make this course.
Great Financial Accounting course for beginners. I enjoyed the practice quizzes after each instructional video and will recommend this course to friends. Thank you!
Great information. As a non-accountant professional, this course has been extremely helpful with real practical accounting principles that I can apply at work.
This course helped me get my head around topics I never thought I would master. I am incredibly grateful for this course. I am now excited by the challenges of financial accounting -- something I never thought I would be.
The course material is very good and it is well described by lecturer. Although , in my opinion case studies and more comprehensive quizzes and assignments for transactions recording will make it more understandable.
Excelent course and very charismatic teacher!! This course helped me to cover some holes in my accounting formation. Also was a good chance to explore accounting under US GAAP ( i work in a IFRS envioroment)
Excellent course from Professor. Oktay Urcan . He simplified this complex content and arranged it in a logical format to make it appear quite easy. Well worth taking this class.
I enjoyed this course. The course content has been designed quite well, it explains the accounting fundamentals quite well and offers assignments and quizzes which further help you to sharpen your knowledge.
It is an excellent course which give you a strong accounting base. One of the most important emphasis is the right way to record difficult accounts and its accounting treatment. I am highly satisfaied.
Great foundations course. Highly recommend completing the worksheets on your own before watching solutions video as it helps ensure material retention.
This is a very useful course for me on my job, for the property insurance claim requires me to understand what the balance sheets are talking about
This course covers all basic aspects of financial accounting. The modules are concise, brief and to the point. The lecturer, Prof. Oktay Urcan, is teaching perfectly. I appreciate all parties for providing with this unique opportunity.
I enjoy the lectures. The professor has a good speaking and teaching style which keeps me interested. Lots of concrete math examples which make it easier to understand. Very good slides which are well formulated and easy to understand