Financial accounting basics

Learn the core principles of financial accounting, including how to prepare and interpret financial statements. This course offers a solid foundation for understanding business finances and making informed financial decisions.

Course description

Welcome to the Financial Accounting Basics course! This course is designed to introduce you to the fundamental concepts and practices of financial accounting. Whether you’re looking to start a career in accounting or simply gain a better understanding of business finances, this course will provide you with the knowledge and skills to confidently manage financial information.

You’ll learn how to record transactions, prepare key financial statements, and analyze financial data to understand the performance and position of a business. With a focus on real-world applications, this course will help you develop practical skills that are essential for any business or organization.

What You’ll Learn:
  • Introduction to Financial Accounting and Its Importance
  • Understanding the Accounting Equation (Assets = Liabilities + Equity)
  • Recording Transactions: Debits, Credits, and the Double-Entry System
  • Preparing Financial Statements: Balance Sheet, Income Statement, Cash Flow Statement
  • Accounting Cycle: Journal Entries, Ledger Posting, Trial Balance
  • Adjusting Entries and Closing the Books
  • Basics of Financial Reporting and Analysis
  • Interpreting Financial Statements for Decision-Making
  • Principles of Accrual Accounting vs. Cash Accounting
  • Introduction to Accounting Software Tools

This course is perfect for beginners and will give you a comprehensive understanding of how financial accounting works in real business environments.

Do I need a background in accounting to take this course?

No, this course is designed for beginners with no prior accounting experience. It provides step-by-step guidance to help you grasp the basics of financial accounting.

Will I learn how to create financial statements from scratch?

Yes, the course covers the preparation of key financial statements, including the balance sheet, income statement, and cash flow statement, allowing you to build them from the ground up.

Is this course relevant for small business owners?

Absolutely! The skills you’ll learn in this course are highly applicable to managing the finances of small businesses, helping you understand your company’s financial health and make informed decisions.

This course includes

Lectures
34 videos
Duration
3:00 hours
Level
Intermediate
Certificate
Yes
Language
Spanish

$ 169.00 USD

$ 200.00 USD

Course instructor

Joan Wallace
Assistant professor

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