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.
Formal Financial AccountingUniversity of Illinois at Urbana-Champaign
About this Course
University of Illinois at Urbana-Champaign
The University of Illinois at Urbana-Champaign is a world leader in research, teaching and public engagement, distinguished by the breadth of its programs, broad academic excellence, and internationally renowned faculty and alumni. Illinois serves the world by creating knowledge, preparing students for lives of impact, and finding solutions to critical societal needs.
- 5 stars81.65%
- 4 stars14.20%
- 3 stars2.07%
- 2 stars1.47%
- 1 star0.59%
TOP REVIEWS FROM FORMAL FINANCIAL ACCOUNTING
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!
Its a good course overall. Especially for those who had Science stream in their high school and have taken Finance in their Undergrad
It's a good course if you took previously 2 courses "Financial Accounting Fundamentals and
Financial AccountingAdvanced Topics".
Very helpful and full of information. In my opinion it would be even better if it was a bit slower and a bit more analytical. My 4 stars is more like 4 stars and a half.
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