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

1,211 ratings

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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51 - 75 of 283 Reviews for Understanding Financial Statements: Company Position

By Tejash J

May 17, 2020

Mrs. Kevin Jackson is a very good teacher. He doesn't believes in theoretical teaching He just explains practically to understand theory as well.

By Shannon W

Feb 14, 2021

This course is great! Even a person like me who doesn't know anything about Financial can understand , pass and hang in the assignment in time!

By Alfred K

Dec 8, 2021

Easy and very understandable. The course lays bear all that is necessary for a sound foundation. Loved the chat with the business people.


Sep 23, 2020

Overall, this course was helpful in reminding me of the basics of the balance sheet. I'm looking forward to continuing on in these courses

By Maisa d A J d A

Dec 14, 2017

This course provide great basics insights on regards of Financial Statements concepts. It's a fine introductory to non-accountant people.

By Shah F

Mar 13, 2023

The whole course was amazing and very informative.. really learned a lot and experienced a lot with this amazing course. Thank you :)

By Eric R

Sep 17, 2021

This course helps you understand Financial Statements in a unique way by taking you to the business itself and talking to the owners.

By Sonam C (

Oct 21, 2020

The Coursera course is really a good online learning course. i have learn a lot that i have never heard of it. Thank you Coursera.

By Oje D O

Jul 14, 2020

This course was very well detailed and explanatory. The lecturer did a good job at breaking down the course for easy assimilation.

By John C

Jan 26, 2022

Excellent instructor, well-paced, and thorough. Wonderful real-life examples to help make the concepts come together. Great job!

By Karen C

Nov 28, 2016

I really enjoyed this course! The professor did an excellent job in walking students through the basics of financial statements.

By Manish K

Oct 19, 2017

Excellent course!! Extremely well designed & delivered. The best part about the course being interviewing people from industry.

By Kristine S

Apr 26, 2021

The content of this course was very accessible and provided me with a strong foundation of knowledge at an introductory level.

By Sonia M

Mar 11, 2019

Very well presented class. Made easy to understand and the lecturer spoke and presented concepts at the perfect pace for me.

By Tiragalo C M

Jun 18, 2022

What at a great course. I hated accounting and the presentation of this course has changed that. Now I clearly understand.

By Madhuri P

May 11, 2017

This is a wonderful website for anyone taking accounting is of great help especially for beginners... Thanks

By Tanya R G

Oct 9, 2017

Great course. I learned a lot, and enjoyed the real world aspect of this course. The Professor was easy to understand

By Terri F

Jan 21, 2021

The advisor was very easy to understand I took the course to freshen up my skills in this field, I would recommend


Oct 26, 2020

Kevin is a very good instructor and knows how to use resources effectively for the purpose of explanation of topic.

By Ankit S

Apr 4, 2018

Great Course and helped me lot in learning many new things, that can help me to grow in my current organisation.

By Xiaojun F

Oct 14, 2022

great job! As a beginner, I believe I have mastered almost all the concepts and reached great understanding

By Armen M

Jul 7, 2016

A very detailed and easy to understand explanation of accounting with good examples. Enjoyed this course!

By Beth B

Apr 23, 2017

It was very easy to follow the reading and the videos helped to answer many questions. Very informative.

By Toukir A C

Apr 25, 2020

A great course for beginners! Loved the fact how Kevin teaches by interacting with real business people.

By Kavala R B

May 10, 2021

i am thankful to the professor and im happy to take the certificate and thanks for teaching the course.