Quartz Crystal Microbalance (QCM) is one of the many acoustic transducers. It is the most popular and widely used acoustic transducer for sensor applications. It has found wide applications in chemical and biosensing fields owing to its high sensitivity, robustness, small sized-design, and ease of integration with electronic measurement systems. However, it is necessary to coat QCM with a sensing film. Without coating materials, its selectivity and sensitivity are not obtained. At present, this is not an issue, mainly due to the advancement of oscillator circuits and dedicated measurement circuits. Since a new researcher may seek to understand QCM sensors, we provide an overview of QCM from its fundamental knowledge. Then, we explain some of the recent QCM applications both in gas-phase and liquid-phase. Next, the theory of QCM is introduced by using piezoelectric stress equations and the Mason equivalent circuit, which explains how the QCM behavior is obtained. Then, the conventional equations that govern QCM behaviors in terms of resonant frequency and resistance are described. We show the behavior of QCM with a viscous film based on the acoustic wave equation and Mason equivalent circuit. Then, we present various existing QCM electronic measurement methods. Furthermore, we describe the experiment on QCM with viscous loading and its interpretation based on the Mason equivalent circuit. Lastly, we review some theoretical models to describe QCM behavior with various models.