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

624 ratings
150 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


May 22, 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.


Oct 25, 2017

I really enjoyed the professor's clear explanations. This has helped me understand the balance sheet, which will help me understand my current and future companies more clearly. Thanks!

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76 - 100 of 151 Reviews for Understanding Financial Statements: Company Position

By Fomenkova I

Aug 21, 2019

amazing professor, useful information!

By T'Yana D

Jul 20, 2017

Well organized, great job Mr Jackson.


Apr 25, 2020

The course is simple and insightful

By Julio C R R

Feb 05, 2019

Excellent, very usefull in my days.

By Janelle D

Sep 25, 2017

Great way to summarize the concept


May 14, 2016

Simple and effective course!!!!

By Karthikeyan S

May 12, 2020

Kevin's teaching is awesome!!

By Abhishek B

May 03, 2020

A good course for beginners

By Sajid S

Nov 08, 2017

learned about balance sheet

By Ashenafi N

Oct 30, 2017

Great course for beginners!

By Azim D

Jun 26, 2020

easy to understand course.

By Siebe K

May 18, 2017

Nice course, wel explained


Jun 23, 2020

Great Course for beginers

By 张开宇

Feb 11, 2017

excellent interpretation!

By Namazova D M

Jul 11, 2020

thank you for everything

By Nadia S

Jul 07, 2020

best for beginner level

By Daniel A

Jul 01, 2020

Wonderful course to take

By Mr. S G

Jun 11, 2020

Very creatively made.

By Isaac G

Apr 28, 2020

The course is helpful

By Pavithra B

Jul 08, 2020

Excellent professor!

By Abhishek P

Dec 13, 2016

Really well taught!

By nader m s

Aug 16, 2019

very good course

By Idrissa T

Nov 09, 2017

very good course

By Ahmed h e

Nov 21, 2018

So Great Course


Jun 11, 2020

Was very good