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    Back to Understanding Financial Statements: Company Position

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

    Filled StarFilled StarFilled StarFilled StarFilled Star
    4.8
    stars
    1,353 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 lastin...
    ...

    Top reviews

    MM

    Jan 14, 2017

    Filled StarFilled StarFilled StarFilled StarFilled Star

    Very good course. Gives a view on corporate business finance. Teacher is also great. Recommend this course to anyone who want to start finances, business or wants an dive deep into entrepreneurship.

    MN

    Jan 15, 2024

    Filled StarFilled StarFilled StarFilled StarFilled Star

    The course has been an interesting learning journey, getting clarity on what we use financial statements of a company for, to learning it's measurement to get the results of the company position.

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    Filled StarFilled StarFilled StarFilled StarStar

    By Michael W

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    Jan 18, 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.

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    By Raghavendra C

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    May 4, 2021

    The course was a good introduction to the balance sheet. It not only taught how to prepare, use and interpret the balance sheet, but also touched upon the very important aspect of why a balance sheet may be required for anyone looking into. Do go through the suggested readings to further explore on the topics discussed. However, a little more practice examples on how to interpret and compare balance sheets would have helped solidify the understanding, for which I had to research separately online.

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    By Sanskar V

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    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.

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    By Marco F

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    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.

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