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Introduction to Financial Accounting
4.69
Beginner level
1.5 learning hrs
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.
Instructor:
Mr. Justin Muscolino
What you'll learn
About this 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 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.
Financial Ratios
Financial Ratios are indispensable tools that allow you to get a comprehensive view of any company. In this module, you will learn about some vital ratios, their formulae, and what each conveys about the company.
Get access to the complete curriculum once you enroll in the course
This course is ideal for
- Beginners wanting to learn financial accounting basics.
- Students and job seekers exploring accounting roles.
- Working professionals who analyze financial statements.
- Learners who want a Financial Accounting certificate.
4.69
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Practice exercises
Guided Projects
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Our course instructor
Mr. Justin Muscolino
Finance Manager
Management Expert
Frequently Asked Questions
Will I receive a certificate upon completing this free course?
Is this course free?
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 knowledge and skills will I gain upon completing this Financial Accounting course?
You will gain a deeper understanding of the basics of financial accounting, beginning with its meaning and different components, including the three financial reports and the analytical tools used to analyze these reports better, the Financial Ratios. You will also have gained skills to work with Accounting methods, Financial Statements, and Financial Analysis.
Is there a limit on how many times I can take this Financial Accounting course?
You may revisit this course an unlimited number of times. You may pick up where you left off and complete the course anytime.
Can I sign up for multiple courses from Great Learning Academy at the same time?
At Great Learning Academy, you are free to enroll in as many courses as you choose and work on many of them at once.
Why choose Great Learning Academy for this Financial Accounting course?
Great Learning, a prominent ed-tech business with a global presence, is dedicated to improving people's lives. To help students succeed in their chosen fields without paying any money, the Great Learning Academy offers well-liked free online courses.
More than 6 million students in 140 countries have benefited from Great Learning Academy's free online courses with certifications. It also gives learners a variety of assignments and projects to complete in an effort to polish and improve their skill set.
Who is eligible to take this Financial Accounting course?
Since it is a beginner-level course, there are no prerequisites or qualifying standards to learn Financial Accounting. You can enroll immediately to learn more about financial accounting.
What are the steps to enroll in this course?
Follow the instructions below to enroll in the financial accounting course:
- Click on the "ENROL FOR FREE" option at the top right of the "Financial Accounting" course page.
- Your browser will open the signup page. Enter your details to create an account.
- You will be sent to the learning resources after verifying your profile.
- Start learning Financial Accounting for free online.
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