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: https://www.coursera.org/university-programs/imsa
PM
Excellent, instructor was very good, made the material understandable .
YZ
It's a good course if you took previously 2 courses "Financial Accounting Fundamentals and Financial AccountingAdvanced Topics".
RV
It was very useful for everyone who wants to learn information about financial accounting.
MC
Thank you very much. Very very impressed with this course and useful to me.
LS
Really good course and the instructor explains very well the material.
JB
The course was easy to understand excellent explanation by the professor in detail.if i could complete the course so can others
JG
Learn Very Interesting Financial Skills in Financial Sector. Thanks You.
JN
Absolutely loved this course! It was a great compliment to the two other accounting classes I have taken
AH
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 .
JY
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!
DR
The instructor is very good in explaining the fundamentals. I recommend this course to the beginners who wants to shine in accouting
SJ
It is a very good course and it has benefited a lot like formal financial accounting and l thank Allaah the then the teacher
Showing: 20 of 83
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 .
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!
The structure of the three accounting courses was PHENOMENAL. Did a great job organizing course material so that I was not overwhelmed by too much information at once. The exercises were also excellent. Professor Urcan was wonderful. Cannot recommend highly enough.
This course made me understand accounting. Dr Urcan is the the best professor I had so far. He speaks clearly and imparts knowledge very well.
It's a good course if you took previously 2 courses "Financial Accounting Fundamentals and
Financial AccountingAdvanced Topics".
The course was easy to understand excellent explanation by the professor in detail.
if i could complete the course so can others
Absolutely loved this course! It was a great compliment to the two other accounting classes I have taken
The course gave many useful examples of the proper use of "debit" and "credit".
However, spreading this out over 4 weeks felt a little thin.
I think this certainly important terminology could have been covered as part of a more comprehensive course.
I found Introductory and Advanced Financial Accounting more helpful.
The course itself is good, however it lacks a lot of topics to be better explained and a greater content for the classes, on the other hand, the exercises must be solved and explained in a more comprehensive way, the explanation is very synetical.
If you haven't had the best experience with learning Accounting Do not let the name of the course Formal Financial Accounting intimidates you. It is a very friendly course and the materials are suitable for any level.
Professor Oktay Urcan taught formal accounting without even using Dr and Cr so you can understand concepts intuitively. Recommend to take all his 3 Accounting courses
Very interesting to get yourself into this Formal Financial Accounting as a deeper analysis into the financial modules, Debit, Credit, Journal Entries and Ledgers. It does help you understanding better the concepts of financial accounting as a whole and the last grade exam, on Module 4, challenges you in a very effective way to put everything into practice. Thanks!
Excellent course to learn the fundamentals of accounting concepts. Lectures were brief yet effective on clarifying concepts such as Ledger accounts, Transaction journal entry, creating trial balance sheet, income statement and statement of retained earnings. Concepts discused were essential to learn intermediate and advanced level courses in accounting.
This course equals one year in college. This course really helped me in learning complex accounting terms and problems and helped me sharpen my accounting knowledge. i would recommend this course to anyone who wants to sharpen their accounting skills.
The course was very effective and the videos give good explanation of the topics and methods in the course. As someone who had done accounting many years back it was a great revision and learning some new concepts not done before.
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.
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.
Its a good course overall. Especially for those who had Science stream in their high school and have taken Finance in their Undergrad
The instructor is very good in explaining the fundamentals. I recommend this course to the beginners who wants to shine in accouting
It is a very good course and it has benefited a lot like formal financial accounting and l thank Allaah the then the teacher
A good course that can be taken with Financial accounting: Foundations and advanced topics. Also by the same instructor.