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 onlinemba.illinois.edu....

Very educative relevant for persons engaged in the commercial world today.

Very very cool

Great information. As a non-accountant professional, this course has been extremely helpful with real practical accounting principles that I can apply at work.

Good and valuable course

This professor is talented at accounting and explaining terms. I enjoyed the coursera work and highly recommend UIUC.

Excellent professor and class!

This is a great course for people who want to start with their specialization in Finance.

practical.

good course

Professor is excellent

Very clearly explained the basic concepts

The explanation is too simple.

Highly recommended

The beginning of something great. The instructor was simple and to the point with notable examples that everybody can relate to.

very very gooood

Great Course, thank you!

I like that the entire module is presented first as a slideshow. Then, the material is reviewed as a lecture. It helped me understand it better.

Great Professor!

very useful course

was power full

Great Professor and the way he teaches the concept of accounting is incredible.

The course is presented in a very structured manner. The lessons are easy to understand and regular practice assignments help in internalizing the concepts learnt.

Excellent course because the course give me the knowlegde to understand the topics of CFA level 1 (FRA) I would recommend this course!

Great

This course was a good basis for financial accounting and was formatted in a way that facilitated quality learning!

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