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Learner Reviews & Feedback for Financial Accounting Fundamentals by University of Virginia

4.8
stars
2,534 ratings

About the Course

This course, developed at the Darden School of Business at the University of Virginia and taught by top-ranked faculty, will teach you the tools you'll need to understand the fundamentals of financial accounting. Concise videos, the financial records of a small business, and "your turn" activities guide you through the three most commonly used financial statements: the Balance Sheet, the Income Statement, and the Statement of Cash Flows. Beyond recording transactions, you'll learn how to prepare these financial statements, and read and analyze them to draw basic conclusions about a company's financial health. By the end of this course, you will be able to: - Use journal entries to record transactions - Prepare and use t-accounts to summarize transactions recorded during an accounting period - Describe the three most commonly used financial statements and how they fit together - Prepare these financial statements based on transactions recorded during an accounting period - Draw basic conclusions about a company's financial health...

Top reviews

RM

Dec 22, 2019

I recommend this course to all beginners in understanding accounting , this course completely put you into your first step of the world of financial accounting , and professor luann is really amazing

JR

Sep 4, 2020

The concepts learned during this course made possible for me to present the project financials in a better way to the director. This course should be a must for all of us in the project management.

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51 - 75 of 689 Reviews for Financial Accounting Fundamentals

By Emily A

Mar 6, 2021

This is a wonderful and challenging overview of accounting principals focused mainly on GAAP (compare/contrast with IFRS is discussed). Would recommend to anyone with little to no financial experience looking to better understand accounting and/or as a foundation for future accounting classes. You MUST have a good grasp of fundamental math to be successful in this class.

By Devansh

Jun 19, 2017

I think this is definitely a great accounting course to get a flavor of the subject matter. Instead of jumping directly into the numbers aspect, Luanne focuses on explaining the implications of the subject at hand first. This method is better for people who want to really understand the what the real world applications of terms like Balance sheet equations etc.

By Connor S

Dec 30, 2021

This course was extremely helpful in providing a comprehensive overview of introductory accounting without making you feel intimidated or lost (especially if you do not have the strongest quantitative background). I would definitely recommend this course to anyone who is interested in learning more about accounting or who wants to learn a new, valuable skill!

By Ramin M

Aug 13, 2019

This course is the most comprehensive and the best practical course in getting stared with fundamental of financial accounting that I have even taken. After finishing the course I feel like I learn accounting skills which are very useful in my career and life. it is very well instructed by Dr. Lynch who is the instructor of the course.

Thank you,

Ramin Madani

By Gabriela B S

Jun 6, 2023

This course gives us a good understanding of financial accounting. My favorite part of this course is that all the concepts are explained using Use Case examples, which makes it easier for me to learn. I really enjoyed the course and all my expectations were met. To anyone who has no prior knowledge of Financial Accounting, I highly recommend this course.

By Irinco M J

Dec 13, 2020

I'm really glad to found this Coursera Program the availability of each courses are excellent

Please keep it up and hope more learners to come and learnt. I did enjoy learning of this course its interesting and challenging. Thank you for a great opportunity see you again soon will definitely recommended and will learn more God Bless us all and stay safe

By Syed M M A

Mar 8, 2020

At the start I thought it's not going to be a great course but I was wrong!

The professor is really good and the explanations along with the examples are great to understand the course.

Definitely a good course.

It is unimaginable to grasp accounting basics that easy , it is highly recommended for understanding financial accounting foundation.

By Syed A A

Dec 29, 2019

An amazing course really. With no background in accounting whatsoever, I am far better off now with my startup and investing plans that I have for future. I can manage accounting for my startup and effectively read financial statements before investing. Thanks to Professor Luann and all the mentors that did a fantastic job putting the content together!

By M. C O

May 6, 2019

The content of this course is comprehensive, clear and well-structured; therefore, I would definitely recommend it to my colleagues.

I would rate the performance of Professor Luann J. Lynch as excellent; she has definitely made me quite easy, a first approach to accounting.

Thanks to the University of Virginia and congratulations on this course.

By Uma S

Jun 2, 2020

The course was well set and well taught. However, in the quiz section it'd be so helpful if you provided a short video on how to solve the questions. That would be far more appreciated than asking us to watch a couple of videos again. Conceptually, this would be much better.

Except for that - I enjoyed the course. Thanks for the same.

By Omi A M

Oct 28, 2022

For beginners to Accounting like myself, this course introduced the rules of Accounting, journal entries and their onward flow to the 3 important financial statements in a very easy-to-understand manner. The Garden Spot example, esp. the year 2 transaction entries, was very useful in understanding the rules of Financial Accounting.

By Philip M

May 8, 2022

After 14 years of reading financial statments ifor my practice I decided I wanted to better understand where the numbers come from and what they mean. This course was a great boon to both my knowledge base and my confidence. Dr. Lynch was a fantastic teacher and they weekly assignments were just right is length and depth.

By Kevin S

Jun 6, 2019

The course is a very good overview of Financial accounting. The adjusting journal entries section was very helpful and worth reviewing. Would have liked a little more practice on the statement of cashflows, specifically classifying changes to accounts in the indirect method. But overall a great intro to financial accounting.

By Azka T

Aug 4, 2020

I am so so so happy and so satisfied that I joined this course, I recommend everyone especially who is new in this accounting field, the course and instructor of this course put a so smooth and strong base of the course that it makes it even more interesting and easy to learn accounts. I wish I could join this before......

By Thu H D

Jan 18, 2024

This course is amazing! Our instructor, Professor Luann is so patient, helped us go through all the lessons beautifully. Highly recommend this course for anyone who wants to start the journey of studying financial accounting. Very intuitive and no need any prior knowledge. I want more courses like this, really.

By Caitlin S

Jul 26, 2021

I thought the course was very well-organized and structured! After taking the course, I definitely feel as though my knowledge and understanding of foundational accounting principles have strengthened. I look forward to using the information and skills that I learned from this course in my professional work.

By Jenni

Sep 14, 2020

This is the best Accounting course I have ever taken. Do not hesitate to enroll. You will learn everything you need about financial accounting, financial statement analysis, a little bit of financial statement reporting and analysis. Prof. Lynch is really amazing in her teaching approach. HIGHLY RECOMMENDED!

By Aditya D

Apr 14, 2021

Stellar course! Gives a profound crash course to the world of accounting by covering the fundamentals of the subject. One learns about financial statements (balance sheets, income statements, statements of cash flows, and the annual report) and assets, liabilities, and owners' equity. Highly recommend it!

By Yen L

Dec 25, 2019

I like the way this professor teaching. It’s very interesting, useful, and easy to understand. I am a fan of her! I am going to take another class from her- managerial accounting. Hope she has more class beside these two. I will probably to another search again after I finish the other class from her.

By Katie F

May 9, 2022

Loved this course. Great professor. I would suggest adding more practice in creating the Statement of Cash Flows. That is the only part I really struggled with and didn't feel like I had enough practice before taking the quiz.

I would love to soo more from this professor about accounting principles!

By Ronitt M

Aug 3, 2020

This is a wonderful course for all those people who are learning Accounting for the first time. Prof. Luann ensures that her students are kept engrossed throughout the course, despite Accounting being a rather monotonous task. She does so by subtly adding humour from time to time in her lectures.

By Ashley D

Jul 16, 2021

This course was very informative and gave a great overview of the fundamentals of Financial Accounting. Luann did a wonderful job breaking down concepts into simple and meaningful language. Her instruction was very engaging and the quizzes were quite challenging. I really enjoyed this course.

By Sofia E

Jul 18, 2019

Professor Lynch takes what can be an intimidating topic, financial accounting, and turns it into something approachable and actually enjoyable! My knowledge of accounting was broadened and solidified, and I feel empowered to take this knowledge into the business world. Thanks, Professor Lynch!

By Matthieu G

Apr 3, 2020

Very good course which is very well and clearly explained. The exercises, cases and quiz relates to practical situation that anyone case face/have as an entrepreneur/employee or investor. I highly recommend the course, many thanks to Mrs Lynch for making accounting an easy topic to digest.

By Jatin B

Jul 12, 2020

This is a great course designed by Luann Lynch and the University of Virginia. The explainations given are clear and crisp, and I wish I could get more practice assignments. The only thing I would like to say that Week 3 and 4 are a little heavy, so DONT GIVE UP!! it will come to you :)