Chevron Left
Back to Understanding Financial Statements: Company Position

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

1,157 ratings

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.

Filter by:

1 - 25 of 271 Reviews for Understanding Financial Statements: Company Position


May 22, 2020

By Adwait P S

Apr 5, 2020

By Stephen N

Oct 24, 2017


Jul 22, 2020

By John K

Jul 15, 2020

By David Y

Jun 11, 2019


Aug 26, 2020

By Thorsteinn A

Apr 20, 2017

By Crystal A

Apr 21, 2020

By Samuel C P J

Jun 25, 2020

By Nikolay M

Jan 14, 2017

By Katherine B

Mar 30, 2021

By Sandalika A

Apr 15, 2021

By Hailey S

Aug 3, 2016

By Doug L

Apr 12, 2017

By Jeffrey N

Jun 8, 2018

By Ahmed A

Sep 24, 2022

By Katherine L C B S

Jun 5, 2020


Jul 30, 2020

By maged n

Jan 10, 2018

By Kunal L

Mar 15, 2021

By Cuauhtémoc G C

Jul 27, 2020

By Hadi G

Feb 21, 2021

By Saleh O

Oct 31, 2020

By Justin W S

Apr 26, 2018