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Learner Reviews & Feedback for Understanding Financial Statements: Company Position by University of Illinois at Urbana-Champaign

1,014 ratings
246 reviews

About the Course

This course is designed to provide a basic understanding of financial statements with an emphasis on the balance sheet. However, to understand accounting driven financial statements, it is important to recognize that accounting is less about counting and more about measuring. “What is it that is being measured?” Well, as the course unfolds, you will learn about the three measurement questions and how the balance sheet helps to answer the first two of these questions. By touring a real company and interviewing real business people, the course describes the basic content of financial statements in a simple yet relevant context. The goal of the course is to leave a lasting impression about what balance sheet consists of and what it reveals. The next course in the Fundamentals of Accounting Specialization completes the conversation by addressing the remaining measurement question. Upon successful completion of this course, you will be able to: • Describe the purpose of a balance sheet. • Define the three components of a balance sheet. • Recognize and understand the meaning of several items typically presented on a balance sheet. • Explain the broader purpose of financial statements and the role of accounting in producing the financial statements. • Read and, to some extent, interpret real-world balance sheets. If you enjoy this business course and are interested in an MBA, consider applying to the iMBA, a flexible, fully-accredited online MBA at an incredibly competitive price offered by the University of Illinois. For more information, please see the Resource page in this course and

Top reviews

Dec 2, 2020

Having worked with accountants for 11 years but only taking a few accounting classes in college, this taught me many things that help me better understand what the accountants are talking about.

May 21, 2020

Really great course and a useful one in terms of clearing the finance terms and how a company creates a balance sheet and how can we evaluate a company's position by looking at one's sheet.

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226 - 246 of 246 Reviews for Understanding Financial Statements: Company Position

By Jessica C B

Dec 8, 2016

I learned so much, and the format was easy to follow.

By Abu B S

Sep 15, 2020

The lectures were well presented, thumps up sir,

By Pankaj A

Jul 27, 2021

Good to understand the basic's of balance sheet

By Amir S

Oct 9, 2020

The peer graded system might not be efficient.

By Adam B R

Jun 23, 2021

Very easy to understand and work through.

By Clint R

Nov 1, 2020

Great course , easy and well explained

By Victor V

May 30, 2017

It is a great course about accounting!

By vicky f

Sep 21, 2016

Very informative, enjoyed the course.


Sep 27, 2017

An excellent course for beginners.

By Ali S

Dec 10, 2019

needs to have more information

By Nagraj N

Mar 14, 2019

Nice - Simple with demos!!

By Felipe M A

Oct 8, 2020

average, but informative.

By Sharangdhar S

Jul 2, 2020

Very basic information.

By Marilyn H

Mar 14, 2020

enjoyed my first class

By Akahome P

Aug 26, 2016

quite informative

By chakravarthy

Jan 27, 2018

Too superficial.

By 李泽南

Jul 28, 2018

very helpful

By Ahmed m h

Apr 28, 2020


By vineet r

Jul 13, 2020


By Gina F

Jun 9, 2018

the information is a bit dated and there are little to no students taking this so no peers to review your work....

By Liela K L

Oct 20, 2020

Thank youuuuu