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Introduction to Financial Accounting

4.74

★

8K+ Learners

Beginner

Gain expertise to work with Financial Accounting tasks like Accounting Methods, Financial Analysis, and Finanacial Statements. Be knowledgeable about basic accounting concepts like components and financial ratios for free online.

Enrol for Free

Certificate of completion

Presented to

John Doe

For successfully completing a free online course

Introduction to Financial Accounting

Provided by

Great Learning Academy

(on JAN XXXX)

What you learn in Introduction to Financial Accounting ?

Accounting Methods

Financial Statements

Financial Analysis

Accrual Accounting

Balance Sheet

Income Statement

About this Free Certificate Course

This Financial Accounting course will begin with a brief explanation of what financial accounting is. It will discuss the most critical reports included in financial accounting, the Balance Sheet, Income statement, and cash flow statement. You will learn about the different items that make up these statements and what they convey about any business. You will analyze samples of each of the statements for more comprehensive learning. The course then proceeds with the Financial Ratios concepts, what they do, and the key ratios in analyzing the financial statements. Qualify in the quiz after you learn Financial Accounting and avail free certificate of completion.

Continue to learn in the Management domain after this free, beginner-level course in Financial Accounting. Enroll in the online Management Courses with full career support and an exclusive online mentorship.

Course Outline

What is Financial accounting?

This module will discuss what Financial Accounting is and also help you understand the basic but vital accounting terminologies, including Assets, Liabilities, Equities, Revenues, and Expenses.

Accrual vs Cash Accounting

You will learn about the two accounting methods, Cash based accounting and Accrual Accounting. By the end of this module, you will have a deeper understanding of the two methods while also learning why Accrual Accounting is preferred over Cash Accounting.

Balance Sheet

This module aims to help you understand the meaning of “Balance Sheet” and its different components, like Current Assets, Current Liabilities, Long term Assets, and Long term Liabilities. It also presents a sample balance sheet to strengthen your learning.

Income Statement

This module explains the meaning of “Income Statement” while also taking you through its various components and their role within the statement. It also presents a sample Income Statement for the benefit of the learners.

Cash Flow Statement

You will understand the meaning of “cash flow statement” at the beginning of this module. This module will also take you through its various components, like Cash Flow from Operating Activities, Investing Activities, and Financing Activities, before presenting a sample Cash Flow Statement for your understanding.

Our course instructor

Mr. Justin Muscolino

Finance Manager

8K+ Learners

1 Courses

Justin is an expert in Finance and Accounting with over 10 years of experience in the Finance Domain. He is an innovative and driven professional with extensive experience developing solutions for regulatory compliance initiatives. A few of his major expertise include Financial Accounting and Management, Project Management, Compliance, Partners Relations, and Educational Training.

What our learners say about the course

Find out how our platform helped our learners to upskill in their career.

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Course Rating

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Introduction to Financial Accounting

With this course, you get

Free lifetime access

Learn anytime, anywhere

Completion Certificate

Stand out to your professional network

1.0 Hours

of self-paced video lectures

Enrol for Free

UPGRADE Post Graduate Programs from Top Universities

Frequently Asked Questions

What are the prerequisites required to learn this Financial Accounting course?

Financial Accounting is a beginner-level course, therefore, requires no prerequisites.

How long does it take to complete this free Financial Accounting course?

This online Accounting course has 1-hour long lecture that the learner can learn from at their own pace.

Will I have lifetime access to this free course?

Yes, this course includes lifetime free access and can be viewed for your learning at any time of the day.

What are my next learning options after this Financial Accounting course?

Once you have completed this Financial Accounting course, you will have built a strong foundation in the accounting domain and can now comfortably move on to more advanced courses to build up your skillset. Escalate your knowledge in Management from the Executive PG Program in Management.

Is it worth learning Financial Accounting?

The reason why any company is in business is to create and expand wealth, and it is the language of business. Since Financial accounting deals with money management, it can play a crucial role in any aspect of the business. Therefore, learning Financial Accounting can help you make better decisions, no matter your role in any organization.