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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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126 - 150 of 245 Reviews for Understanding Financial Statements: Company Position

By Maria P

Dec 17, 2020

Very helpful course and easy to understand

By U Y

Oct 26, 2020

Its was wonderful learning with experts

By Chinemelum u

Jul 14, 2021

i really understood financial statement

By Mounika M

Sep 13, 2020

The course is very helpful and useful .

By Vivian X

Jun 27, 2020

I learn balance sheets in here. Thanks!

By Fomenkova I

Aug 21, 2019

amazing professor, useful information!

By T'Yana D

Jul 20, 2017

Well organized, great job Mr Jackson.

By Naresh M

May 12, 2021

Overall good explanation very useful


Apr 25, 2020

The course is simple and insightful

By Julio C R R

Feb 4, 2019

Excellent, very usefull in my days.

By Aniket P

Jul 28, 2020

I like the way instructor explains

By Janelle D

Sep 24, 2017

Great way to summarize the concept

By Alvin B

Dec 27, 2020

Great Course Highly Recommended..

By Anna M E C

Oct 31, 2020

This course is great! Thank you!

By Melissa K

Mar 28, 2021

Well organized and informative.


May 14, 2016

Simple and effective course!!!!

By Laura B

Jan 12, 2021

Amazing course I’d learn a lot

By Ricky T

Oct 8, 2020

very helpful and fun learning

By Deleted A

Sep 21, 2020

The study really enlighten me

By Karthikeyan S

May 12, 2020

Kevin's teaching is awesome!!

By Haifa A

Jun 26, 2021

I benefited from this course

By Ann K

Apr 12, 2021

Was very engaging and clear.


Oct 24, 2020

very impeccable this course.

By Sonam

Jul 19, 2020

Great course for beginners!

By Abhishek B

May 3, 2020

A good course for beginners