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

4.7
stars
4,420 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

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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.

YP

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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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976 - 994 of 994 Reviews for Financial Accounting: Foundations

By NITHYASHREE V S

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Jul 18, 2020

GOOD KNOWLEDGE

By RAHUL J

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Oct 12, 2020

GOOD

By Sadam H

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May 10, 2020

hi

By S N

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Jun 1, 2020

Some concepts are poorly explained. I had to use external materials to supplement my learning, even though I have extensive experience in finance. I had a very bad experience learning about LIFO and FIFO principals. The professor didn't really go into the logic of calculating both methods or anything really behind the methods. In addition, it was really hard to understand the professor. I am a foreigner myself and I understand the language struggle. But I expect the professor teaching the course to pronounce the terms correctly. It added a challenge to comprehend already poorly explained material. The syllabus was great though. With external research and figuring out formulas on my own (due to lack of clear explanation), I was able to learn some useful materials.

By Ntemis P

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Feb 14, 2021

I did't enjoy this course, although I did well in passing it. The professor needs to improve his English skills in pronunciation and the use of the articles. On top of that, he speaks too quickly. Sometimes the texts under the video loses its correspondence. Overall this course is offered in way that it makes it difficult to grasp easy ideas.

By Florin M

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Feb 10, 2019

Not too much value for money (at 38 pounds per month), given the very basic level of the learning material / courses the specialisation has on offer (even though it's being advertised as an intermediate level one).

By carrie

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May 17, 2017

The content is pretty good. However, it is really difficult to understand the instructor because of his accent. I need to review the transcript all the time.

By EKene O

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Feb 4, 2018

The question should be more calculation based and little bit more interactive. Students should be aided to dig dipper.

By Sanjai S

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Feb 14, 2023

Not at all engaging because of numerous typographical errors in the supplementary course reading!

By Ariel A M G

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Apr 19, 2020

in my opinion this is not financial accounting, it is just basics or fundamental of accounting

By Kerollos S

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Dec 5, 2022

insufficient course

By Andrei B

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Oct 7, 2016

boring assignments

By MOHAMMAD R S

•

Sep 29, 2020

Good

By Tamara R

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Feb 25, 2024

I think the information provide is very good, however, it it not explained in an interesting way. It is difficult to understand what he is saying (by meaning and by pronunciation)

By Jose C H C

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Jan 1, 2021

No me ha gustado que he terminado el curso y no me han enviado el certificado del curso, aun cuando pague las mensualidades

By Talha B A

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Mar 14, 2024

Why is there free trial if a person can't get certificate completed within free trial?

By felipe r c

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Aug 22, 2024

no certifican al terminar el curso.

By Thomas S

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Aug 4, 2024

No certification provided

By Neeraj C S

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Sep 10, 2020

not nice