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

963 ratings
232 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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201 - 225 of 231 Reviews for Understanding Financial Statements: Company Position

By Kevin S

Mar 13, 2017

I found this course to be a good introduction to reading a balance sheet, with a lot of personal examples.

By Werner G

Jan 20, 2021

Good basic course. But only the tip of the iceberg in understanding the real position of a company

By Saad Y

Jul 6, 2020

It was very nice and new experience of learning such a great, practical and exposure based course.

By Amit T

May 10, 2020

It was a great learning and got the base set for future understanding and using statements now.


Aug 28, 2020

Good course which one can join to understand the basics of financial performance of companies.

By Mark S

Mar 4, 2019

Well done with very easy-to-understand concepts. The presentation was very good.

By Hadish

Jan 18, 2017

It was very very nice.I go forward more steps.I am so glad to take this course.

By Ahmed B

Jul 20, 2017

Excellent course. I have really enjoyed the course.

Thank you Prof.

By Prossie

Dec 20, 2016

I made the right choice when I chose to take on this course

By T. J I

May 24, 2020

A sound introductory class to reading balance sheets.

By Jessica C B

Dec 8, 2016

I learned so much, and the format was easy to follow.

By Abu B S

Sep 15, 2020

The lectures were well presented, thumps up sir,

By Amir S

Oct 9, 2020

The peer graded system might not be efficient.

By Clint R

Nov 1, 2020

Great course , easy and well explained

By Victor V

May 30, 2017

It is a great course about accounting!

By vicky f

Sep 21, 2016

Very informative, enjoyed the course.


Sep 27, 2017

An excellent course for beginners.

By Ali S

Dec 10, 2019

needs to have more information

By Nagraj N

Mar 14, 2019

Nice - Simple with demos!!

By Felipe M A

Oct 8, 2020

average, but informative.

By Sharangdhar S

Jul 2, 2020

Very basic information.

By Marilyn H

Mar 14, 2020

enjoyed my first class

By Akahome P

Aug 26, 2016

quite informative

By chakravarthy

Jan 27, 2018

Too superficial.

By 李泽南

Jul 28, 2018

very helpful