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Understanding Financial Statements: Company Performance, University of Illinois at Urbana-Champaign

4.6
153 ratings
33 reviews

About this Course

This course is designed to provide a basic understanding of financial statements with an emphasis on the income statement. Building on the foundation formed in the first course, you will learn about the third of our three measurement questions and how the income statement helps to answer this final measurement question. Returning to the real business people introduced in the first course, this second course describes the basic content of income statement in a simple yet relevant context. The course ends by summarizing many of the lessons learned in both courses to leave you with a lasting impression about what financial statements are and how accounting can work for you. We all know that accounting is “the language of business”; let’s make learning this language engaging, and perhaps even fun! Upon successful completion of this course, you will be able to: • Describe the purpose of an income statement. • Define the basic components of an income statement. • Recognize and understand the meaning of several items typically presented on an income statement. • 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 income statements. 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

By TB

Feb 27, 2017

Great set of courses for a beginner in the accounting field. Informative and well taught. Thanks to Kevin Jackson for making potentially complicated subject matter simple and easy to relate to.

By MK

Aug 17, 2017

Outstanding course. The instructor does an excellent job of simplifying complex ideas to make your learning and understanding more meaningful and easy to grasp.

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32 Reviews

By Carlo Jose

Nov 13, 2018

learned a lot from this! thank you.

By Gina Fant-Saez

Jul 23, 2018

The course is a bit outdated and there is no community. You write papers and wait for peers to provide feedback for many weeks... It has great potential but it's like the content was created and posted and then forgotten about....

By José Arnoldo Sanabria Rodas

Apr 25, 2018

Excellent!

By Hao S Nguyen

Feb 07, 2018

The course provides a lot of useful and informative reading materials. However, somehow I feel the lectures are not well connected with those readings. Plus we don't have any maths problems to practice the theory we learn.

By Claudia Pastore

Jan 22, 2018

Nice course!

By Marsha Harris

Nov 22, 2017

Great course!

By Ashenafi Nebro

Nov 03, 2017

Great course for those who need to understand financial statements.

By Mustafa altajjar

Sep 25, 2017

Mr, Kevin

still amazing us with his course and new info

By Kerry Parsons

Sep 09, 2017

Really enjoyed the format of this course...

By Michael Kimber

Aug 17, 2017

Outstanding course. The instructor does an excellent job of simplifying complex ideas to make your learning and understanding more meaningful and easy to grasp.