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

4.7
stars
423 ratings
98 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 onlinemba.illinois.edu....

Top reviews

SN

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!

BM

Aug 27, 2016

This course is a great introduction to understanding Balance Sheets and has been a big help to me in my job. I highly recommend this course and I really liked the Professor.

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51 - 75 of 97 Reviews for Understanding Financial Statements: Company Position

By Janelle D

Sep 25, 2017

Great way to summarize the concept

By SRINIVAS R

May 14, 2016

Simple and effective course!!!!

By Sajid S

Nov 08, 2017

learned about balance sheet

By Ashenafi N

Oct 30, 2017

Great course for beginners!

By Siebe K

May 18, 2017

Nice course, wel explained

By 张开宇

Feb 11, 2017

excellent interpretation!

By Abhishek P

Dec 13, 2016

Really well taught!

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 Aafaq A

May 30, 2017

Good Learning

By Ayorinde Q T

Apr 24, 2017

Satisfactory!

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

excellent!

By José A S R

Apr 25, 2018

Excellent!

By Paloma S d J

May 18, 2019

Excellent

By Daniel C

Nov 15, 2017

Excelent.

By Yuqian G

Nov 21, 2016

great

By Yahya A

Aug 09, 2016

great

By AARON T

Aug 18, 2019

good

By podila v b

Nov 05, 2016

good

By Michael W

Jan 19, 2017

This course focuses entirely on how to read a balance sheet. You will learn the three principal parts of a balance sheet (assets, liabilities, and equity), how they relate to each other, and how they describe the underlying position of the company. This is illustrated by the professor talking to a number of small businesses in the Urbana-Champaign area.

If you have no experience with accounting or finance, this is probably a great place to start. It's a gentle introduction. However, while the focus on local businesses is interesting, a relatively large amount of time is spent learning about these businesses and their owners without necessarily teaching much about accounting or balance sheets in general.

By Marco F

Aug 25, 2016

I think it's a good way to introduce the world of "accounting" but I think videos need to be more specific and I would have appreciated if there was some practical exercise and not only quiz! But all the informations are exposed clearly.