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

4.7
stars
4,614 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.

BJ

Apr 19, 2021

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!!!

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676 - 700 of 1,035 Reviews for Financial Accounting: Foundations

By Shanita D

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Sep 20, 2020

very helpful!

By Diego E

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Aug 2, 2020

Great course!

By Edmundo A R Y

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Jul 13, 2020

Great Course!

By Bharati G

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Jul 17, 2017

Great course!

By Kara W

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Sep 13, 2016

Very helpful!

By AbdelRhman T

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Apr 14, 2023

Thamk you <3

By Jon D S

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Jan 15, 2022

Solid course

By José R G

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Sep 11, 2021

Good course

By Vitalii V

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May 12, 2021

Good course!

By Ricardo A G O

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Apr 12, 2021

Great course

By Sabina G

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Nov 26, 2020

Very useful!

By Deleted A

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Nov 6, 2020

Great course

By Taramatie E

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Oct 27, 2020

Great course

By Vanshika S

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Aug 4, 2020

Very Helpful

By Tarun R

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Jun 13, 2020

Great Course

By Norlie D C

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May 25, 2020

Great course

By Aarti v

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Apr 20, 2020

GREAT COURSE

By Ahmed R

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Oct 16, 2019

Great Course

By Jishnuraj E

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Jul 31, 2018

Super course

By Laurence F I

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Apr 4, 2018

great course

By seif a

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Feb 16, 2018

very helpful

By Minas K

•

Mar 24, 2017

Exceptional!

By Vuqar M

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Jan 29, 2026

good course

By Kozhumal C G

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May 28, 2025

informative

By humaid a

•

Oct 10, 2023

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