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

4.7
stars
4,523 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

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.

AB

Sep 23, 2017

LOVED THE COURSE. THANKS TO COURSERA SO THAT THEY GRANT ME SCHOLARSHIP. WITHOUT THIS IT WOULD NOT POSSIBLE FOR ME TO PERUSE THESE GLOBAL LEVEL COURSES AS I CANT AFFORD THIS. THANK YOU PROFESSOR.

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976 - 1000 of 1,017 Reviews for Financial Accounting: Foundations

By Reyhaneh H

May 30, 2017

well

By mayank j s

Sep 29, 2020

no

By Romain V

Aug 7, 2016

G

By Vandana C

Apr 8, 2025

i really like of the teaching process Financial management is a critical component of any organization’s success. It involves the strategic planning, organizing, directing, and controlling of financial activities, including procurement and utilization of funds. A strong financial management system ensures that an organization makes the most efficient use of its financial resources to achieve its objectives and maintain long-term stability. One of the key strengths of effective financial management is its ability to support informed decision-making. Through budgeting, forecasting, and financial analysis, organizations can anticipate challenges, measure performance, and adjust strategies proactively. It helps in identifying profitable opportunities, managing risks, and maintaining a healthy cash flow. Moreover, proper financial management fosters transparency and accountability. With accurate reporting and compliance with regulatory standards, stakeholders gain confidence in the organization's operations. It also helps avoid financial missteps and potential legal issues. However, financial management is not without its challenges. It requires up-to-date knowledge of market trends, tax laws, and financial instruments. The rapid advancement of technology also demands that financial managers stay current with new tools and systems, such as automated accounting software and data analytics platforms. In conclusion, financial management is indispensable for sustainable growth and operational efficiency. Whether in a small business, a large corporation, or a nonprofit organization, strong financial management practices can be the determining factor between success and failure.

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

Jul 31, 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.

By Timur S

Sep 23, 2021

Generally liked it, would like more practical material and financial statement composition

By Indrajit p

Jun 25, 2020

The presenter was not impressive,same content shown in many way without any help.

By HIMANSHU V

Jul 18, 2019

Balance sheets used have mistakes. Also he needs to explain things better.

By Kamilė S

Oct 7, 2020

Really didnt like the teacher. The way of speaking etc is not helpful.

By Yussupova M N

Nov 20, 2020

Not very informative and I didn't get a certificate on completion

By babak f

Jun 3, 2017

I find accounting quite boring, so that's why I did not enjoy it.

By Ali G

Sep 17, 2019

The instructor talks very fast but he is good. I learn a lot

By Jungho J J

Aug 18, 2022

Sometimes, I feeled that more questions are needed.

By Ms. A M

May 18, 2020

it was nice experience and learning with coursera

By 黄伊琳

Aug 30, 2016

good, but need to pay to attend test

By VINODH K

Sep 19, 2016

language accent difficult to fallow

By Kamya A

Aug 3, 2020

Confusing at some places

By NITHYASHREE V S

Jul 18, 2020

GOOD KNOWLEDGE