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

1,016 ratings
247 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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151 - 175 of 246 Reviews for Understanding Financial Statements: Company Position

By Sajid S

Nov 8, 2017

learned about balance sheet

By Ashenafi N

Oct 29, 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


Jul 17, 2020

great plat form of study.


Jun 23, 2020

Great Course for beginers

By 张开宇

Feb 10, 2017

excellent interpretation!

By Catherine F

Feb 28, 2021

Such a great instructor!

By Anushka K

Aug 17, 2020

Very nice course 🙂💯💯.

By Namazova D M

Jul 11, 2020

thank you for everything

By Nadia S

Jul 7, 2020

best for beginner level

By Daniel A

Jul 1, 2020

Wonderful course to take

By Mr. S G

Jun 10, 2020

Very creatively made.

By Isaac G

Apr 27, 2020

The course is helpful

By Faizan A

Oct 3, 2020

great work i like it

By Pavithra B

Jul 8, 2020

Excellent professor!

By Abhishek P

Dec 13, 2016

Really well taught!

By Pallavi P

Aug 10, 2020

it was excellent


Aug 4, 2020

excellent course

By nader m

Aug 16, 2019

very good course

By Idrissa T

Nov 9, 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