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University of Illinois at Urbana-Champaign

Financial Accounting: Foundations

University of Illinois at Urbana-Champaign via Coursera


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

Taught by

Oktay Urcan


3.0 rating, based on 1 Class Central review

Start your review of Financial Accounting: Foundations

  • Profile image for Benjamin Nowak
    Benjamin Nowak

    Benjamin Nowak completed this course, spending 2 hours a week on it and found the course difficulty to be very easy.

    The textbook isn't required but most of the material is only covered in the book. The course is very basic and doesn't cover most interesting cases.

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