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

4.7
stars
4,363 ratings

About the Course

In this course, you will learn 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 receivables and inventories. Upon successful completion of this course, you will be able to: • Understand main financial statements and the financial information they provide • Write a financial transaction in financial accounting language and understand how this impacts main financial statements • Understand how accrual accounting and fundamental accounting concepts work • Understand revenue recognition principles and how they impact main financial statements • Account for accounts receivables 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 onlinemba.illinois.edu....

Top reviews

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Sep 3, 2017

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.

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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926 - 950 of 981 Reviews for Financial Accounting: Foundations

By D V B S

Apr 22, 2023

good

By fredy a

Dec 31, 2022

good

By ahmed m k

Dec 4, 2022

good

By Ahmed G

Nov 18, 2021

good

By Amr E R

May 31, 2021

good

By แชมป์ น

Jan 3, 2021

Good

By Eshan P

Sep 22, 2020

good

By Anjali G

Aug 10, 2020

good

By ALTHAF N N

May 16, 2020

Good

By YOSELIN T E S

Dec 16, 2019

like

By Michael O

Jun 20, 2019

good

By rahul s

Jul 30, 2017

good

By Reyhaneh H

May 30, 2017

well

By mayank j s

Sep 29, 2020

no

By Romain V

Aug 7, 2016

G

By Aisling F

Oct 9, 2020

I found that this course definitely did cover a lot of information and I like that the exercises came from real-life examples, however, I found that the lecturer went at a very fast pace despite this being a foundational course. In particular, this was my experience during week 3 and 4. I know that the beauty of online learning is the ability to pause and rewind the lectures but I think even with that some of the material was a little fast-paced.

By Sina G

Mar 22, 2021

Overall a good course but I think it is quite overloaded with information that is not necessairly practical for MBA students . Also a lot of the naunces would not stick after the course is over with. Perhaps, this would have been a good class for accounting majors. Most videos are merely reading through the slides with not much added insghts or examples. Wish this course was less crammed and more insightful.

By Li Y

Sep 26, 2018

It is an OK course, but for someone like me who had little background of finance still struggled in the class because I felt that many of the concept is no explained clearly. I understand that the professor tried to illustrate through examples but I felt that the example does not explain anything other than merely listed and repeated the numbers.

By Rei H

Jun 27, 2020

Regarding accounting, the course was not so easy for a beginner learner. Most example case questions were good, but I wish the instructor explicitly explained how to solve those questions. Also, I was disappointed that lots of questions in the discussion forums have not been answered by the instructor.

By Cainan

Aug 1, 2023

i really enjoyed the course since I had previous knowledge of the subject. However all the quizzes had questions that contained topics that were not discussed anyone in the lectures. For instance a question regarding LIFO reserve. Some of the topics were usually found in intermediate accounting.

By Ben N

Mar 26, 2018

Oversimplified. Most of the interesting topics have been avoided in this class and were only covered in the book which was optional.

By Alok P

Oct 20, 2016

Recommend the Introduction to Financial Accounting Course from UPenn, which is more informative and more engaging.

By Cedric D

Jan 26, 2021

The content is clear, but the delivery is boring. I prefered the old fashion accounting module from Wharton.

By Fred S

Mar 10, 2018

Lots of info, but not any practical assignments that can help build this knowledge into practical skill.

By Filip H

Feb 11, 2021

Not consistent in terminology. That would not be a problem if the instructor pointed it out.