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

668 ratings
165 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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101 - 125 of 164 Reviews for Understanding Financial Statements: Company Position

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!


Aug 04, 2020

excellent course

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

By Vasundra V

Jun 11, 2020

Was very good


May 13, 2020


By Aafaq A

May 30, 2017

Good Learning

By Ayorinde Q T

Apr 24, 2017



Apr 20, 2020

Good course.

By Bikramjit S

Apr 17, 2020

Well taught!

By Stella A

Oct 25, 2018

Good course/

By Joseph E M

May 13, 2018

Great Course

By Audrey L

May 18, 2016

It was great

By Haopeng Z

Jun 28, 2018


By José A S R

Apr 25, 2018


By Paloma S d J

May 18, 2019


By Daniel C

Nov 15, 2017



Jul 06, 2020


By Yuqian G

Nov 21, 2016