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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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101 - 125 of 283 Reviews for Understanding Financial Statements: Company Position


Apr 9, 2020

All thanks to this course to all the people who participated in it

By Dr. B L C

Apr 10, 2017

Great course, nicely taught. I learned a lot about balance sheets.

By Gonzalo G G

May 5, 2022

Great introductory course to accounting and financial statements.

By J R

Dec 14, 2020

Great real-world information. Looking forward to the next class.

By K S S

May 1, 2020

Thank you for this insightful and informative learning experience

By Haoyue K

Aug 29, 2016

Wonderfully designed. Clear and interesting explanation. Love it!


May 20, 2021

A very and good course. Learned a lot about financial statements


Sep 22, 2020

I understand clearly the statement of company financial position

By Zul k

Jul 16, 2020

The teaching method was really great and explanation was awesome


Apr 19, 2020

Leaned a lot in this course on understanding financial statement

By Umair R

Jun 5, 2016

This Course Had Help Me in My Ramay Trade LTD Business in Rwanda

By Zehra G

Dec 11, 2020

Thanks for this course. It was very understandable and usefull.

By Leidy C G R

Mar 24, 2023

Thank you so much Kevin E. Jackson you are an amazing Teacher!

By Nandini v

Jun 6, 2020

kevin sir, you are very energetic. thankyou for your insights.

By Mustafa ِ

Sep 25, 2017

it is very useful course i will recommend it for my friends

By Benjamin W

Jun 28, 2021

Very good and basic class going over financial statements.

By Carrie R

Jun 15, 2020

Very accessible concepts and enjoyable video presentations.

By salah y

Sep 23, 2021

I agree that this course is useful, interesting and easy

By K S A

Nov 8, 2018


By Anand S R 6

Jan 24, 2021

The instructor explained each and every concept clearly

By Kristen M

Dec 11, 2020

Kevin was a great teacher. I enjoyed taking this class.


Dec 4, 2020

Had fun with real businesspersons interacting with prof

By Debbie J M

May 5, 2016

This will refresh my memory of what I learned and more


Sep 18, 2020

Very good. Very practical and straightforward course.

By Diana C

May 16, 2017

Many thanks for a very interesting and useful course!