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

4.8
stars
1,388 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 onlinemba.illinois.edu....

Top reviews

MH

May 22, 2016

Great course! Mr Jackson put a lot of effort into the construction of the class and explained everything in detail so that you get a solid understanding of the Balance Sheet

BM

Aug 26, 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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326 - 330 of 330 Reviews for Understanding Financial Statements: Company Position

By BHUSHAN T

•

Mar 10, 2026

Excellent

By Erwin

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Mar 27, 2026

not enuf slides and visual explanation on the topics

By Bartłomiej S

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Oct 6, 2023

The pace of the course is too slow. The author focuses on distracting topics rather than covering the basics of financial statements. Example is focusing on bio of owners of a dance studio and then just mentioning the definition of a type of asset in a single sentence. One of the most awful courses I've done on this platform.

By Deleted A

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Jan 19, 2023

I completed the entire course and because I cannot submit peer reviews I have not received my certificate. Absolutely a waste of my time wish I didn't bother with the course.

By Jocy R m

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Sep 6, 2023

not undesrstanding this course