Financial Accounting Fundamentals

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20 hours

About Course

This beginner-friendly course is designed to introduce learners to the key principles of financial accounting. It covers fundamental topics like financial statements (income statement, balance sheet, cash flow), accounting principles, and the double-entry accounting system. You’ll learn how to record, classify, and analyze financial transactions, providing a solid foundation for understanding how businesses manage and report their financial activities. The course also includes practical exercises and examples to help you apply the concepts in real-world scenarios. By the end, you’ll be equipped with the essential knowledge to understand and prepare basic financial statements.

What Will You Learn?

  • You will learn how to prepare and interpret the three key financial statements: income statement, balance sheet, and cash flow statement, and understand how to analyze financial health using key metrics and ratios.

Material Includes

  • Video lectures and practical demonstrations
  • Downloadable lecture slides and reading materials
  • Interactive quizzes and assignments to test understanding
  • Example financial statements and real-world case studies
  • Discussion forums for peer interaction and support
  • Recommended additional resources and readings for further learning
  • Certificate of completion (for paid users)

Requirements

  • No prior accounting experience required
  • A computer or device with internet access
  • Basic knowledge of mathematics and arithmetic
  • Commitment to 3–5 hours of study per week
  • Complete quizzes and assignments to reinforce learning
  • Actively engage in discussions and ask questions for deeper understanding
  • Optional: Accounting software or tools (e.g., Excel) for practical exercises

Audience

  • Aspiring accountants, business students, entrepreneurs, financial analysts, and anyone interested in understanding the fundamentals of financial accounting and how to analyze financial statements for decision-making.

Course Content

Understanding Financial Statements
This topic focuses on the three primary financial statements: the income statement, balance sheet, and cash flow statement. You will learn how these statements reflect a company’s financial health and performance. The income statement shows a company's profitability over a period of time, the balance sheet provides a snapshot of its assets, liabilities, and equity, and the cash flow statement tracks the cash moving in and out of the business. You’ll also explore how these statements are interconnected and how to interpret them to make informed business and financial decisions. By the end of this topic, you'll be able to analyze and understand the financial standing of any organization.

  • Introduction to Financial Statements
  • The Income Statement: Measuring Profitability
  • The Balance Sheet: Snapshot of Financial Position
  • The Cash Flow Statement: Tracking Cash Movement
  • Analyzing and Interpreting Financial Statements

Instructors

P

Priya

3.8
4 Students
5 Courses
Mayukh

Mayukh

3.0
3 Students
14 Courses
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