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Name: Introduction to Financial Accounting
Rating: 4.69 (2266 reviews)

Introduction to Financial Accounting

4.69 Beginner level 1.5 learning hrs 17K+ Learners

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

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Skills you will gain

Financial accounting basics

cash & accrual methods

balance sheet

income & cash flow analysis

ratio calculation

asset-liability management

+2 More

What you'll learn

Build a balance sheet using assets and liabilities.

Interpret income statement components and structure.

Analyze cash flow from operating, investing, and financing.

Calculate financial ratios to evaluate performance.

Key Highlights

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Master in-demand skills & tools

Test your skills with quizzes

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.

Stand out with an industry-recognized certificate

Start learning

10,000+ certificates claimed, get yours today!

Get noticed by top recruiters

Share on professional channels

Globally recognised

Land your dream job

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

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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.

Introduction to Financial Accounting

4.69

1.5 Hours

Beginner

17K+ learners enrolled so far

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Test your skills with quizzes

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Trusted by 10 Million+ Learners globally

4.6

4.89

4.94

4.7

Learner reviews of the Free Courses

4.69

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11%

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Sohan Nathe

5.0

★★★★ ★

India

“It provided me with insights into how businesses track and manage their financial performance, which is essential for any commerce professional.”

Completing the "Introduction to Financial and Management Accounting" course was an enriching experience that strengthened my understanding of fundamental accounting principles. I gained practical knowledge of financial statement preparation, cost analysis, and budgeting techniques. The course helped me develop analytical skills to interpret financial data effectively and apply it to decision-making processes.

Maurice Kabamba Kasongo

5.0

★★★★ ★

“Finance Accounting”

This Finance Accounting course was extremely enriching and well-structured. The explanations were clear, the curriculum was easy to follow, and the practical examples helped me better understand key financial and accounting concepts. The modules on financial statement analysis and management accounting were especially valuable for strengthening my professional skills. I highly recommend this course to anyone looking to improve their knowledge in finance and accounting.

Ali Alabbad

5.0

★★★★ ★

Saudi Arabia

“Nice and Easy to Follow, No Need for Background Knowledge”

The online course was well-structured and engaging, offering clear explanations and practical examples. The flexibility to learn at my own pace was invaluable. However, some topics could benefit from deeper exploration. Interactive elements and assignments were highly effective in reinforcing concepts. Overall, a great learning experience for both beginners and intermediates!

Jack Soong

5.0

★★★★ ★

Malaysia

“Introduction to Financial Accounting”

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

Qais Aljassem

5.0

★★★★ ★

Saudi Arabia

“A Comprehensive and Engaging Learning Experience”

I thoroughly enjoyed the depth of the topics covered and the structured curriculum. The quizzes and assignments were well-designed, making the learning interactive and reinforcing the concepts effectively. The course was easy to follow, and the instructor provided clear explanations, ensuring a smooth learning journey. I highly recommend this course to anyone looking to gain valuable insights in this field.

mariohernadez@bellsouth.net

5.0

★★★★ ★

United States

“I learned a lot about basic accounting statements in this basic course. The material was easy to follow and understand.”

I liked the way the information was presented. It was very helpful to use actual company data to help with the learning process. Great job!

Nidi raj

5.0

★★★★ ★

India

“It Was a Good Experience and Understandable”

It was a good experience and understandable, clear and concise.

Mohammed Al-Saffar

5.0

★★★★ ★

Saudi Arabia

“Ease of Accessibility, Straightforward Content”

The ease of accessibility to this online course is truly commendable! Navigating the platform is seamless, with an intuitive layout that makes finding resources effortless. The compatibility across devices ensures learning is flexible and convenient. The straightforward instructions and clear module organization eliminate confusion, allowing me to focus entirely on the content. It's evident that great thought went into making this course accessible and user-friendly, enhancing the overall learning experience.

Adeyemi Jimoh

5.0

★★★★ ★

Nigeria

“One of the Highlights of My Learning Experience”

The highlight of my learning experience in basic accounting revolves around understanding the core principles that form the foundation of financial management. Some key aspects include: 1. Understanding the Accounting Equation - At the heart of accounting is the fundamental equation 2. Double-Entry System - This ensures that the account statement remains balanced at all times 3. Financial Statements - This is how to prepare and interpret a financial statement of a company 4. Debits and Credits - This explains all the transactions in accounting.

Onyeka Essence Nwanna

5.0

★★★★ ★

Nigeria

“Basic Concept in Accounting Practice”

The material was very resourceful and the instructor paid great attention to details. It’s very easy for a beginner to comprehend and acquire foundational skills needed to progress in the study. The material was self-explanatory and it can be understood by someone without a background in accounting.

Our course instructor

Mr. Justin Muscolino

Finance Manager

Management Expert

17K+ 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.

Frequently Asked Questions

Will I receive a certificate upon completing this free course?

Yes, upon successful completion of the course and payment of the certificate fee, you will receive a completion certificate that you can add to your resume.

Is this course free?

Yes, you may enroll in the course and access the course content for free. However, if you wish to obtain a certificate upon completion, a non-refundable fee is applicable.

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.