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

807 ratings
187 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


May 22, 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.


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!

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126 - 150 of 188 Reviews for Understanding Financial Statements: Company Position

By Vasundra V

Jun 11, 2020

Was very good


May 13, 2020


By Aafaq A

May 30, 2017

Good Learning

By Ayorinde Q T

Apr 24, 2017



Apr 20, 2020

Good course.

By Bikramjit S

Apr 17, 2020

Well taught!

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 Carlos J R P

Aug 10, 2020

Good course

By Haopeng Z

Jun 28, 2018


By José A S R

Apr 25, 2018


By Paloma S d J

May 18, 2019


By Daniel C

Nov 15, 2017



Jul 06, 2020


By Yuqian G

Nov 21, 2016


By Yahya A A

Aug 09, 2016


By Razanah

Oct 08, 2020


By Yamen D

Jun 22, 2020



Aug 18, 2019


By podila v b

Nov 05, 2016


By Israa H H A Z

Jul 20, 2020


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 Sanskar V

Oct 19, 2020

The course was very good for understanding basics of financial statements, especially the balance sheet. But the course content/syllabus is too small compared with the time provided for course completion. A person could easily complete this course within a week or two max but the time provided was more than a month. The video lectures were great and very practical as the instructor visits several businesses to help us get a practical understanding of the line items on the balance sheet.

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.