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.
About this Course
Skills you will gain
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.
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- 5 stars78.89%
- 4 stars17.41%
- 3 stars2.37%
- 2 stars0.70%
- 1 star0.60%
TOP REVIEWS FROM FINANCIAL ACCOUNTING: FOUNDATIONS
It could be easier for students to have acces to a link with the support material (laws, USGAAP/IFRS, text books) in each video in order to verify and save the documentary support of the class
This course is very helpful for me to understand the process of financial reporting. I learn a lot of new terms in the financial accounting. I hope it will be useful for my future study.
This course is worth taking for those who don't know much about accounting. I learned a lot through this course how to work on financial statements. Highly recommend it for everyone
Thank you Professor Oktay Urcan! I found this course very useful as it provided lots of real cases of Financial Statements for us to work on. Highly recommended this course.
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