Financial Accounting
Understand Financial Accounting, components, and crucial financial ratios, which serve as report analysis tools. Learn accounting methods, financial statements, and financial analysis for free online.
4.5
Beginner
1.5 Hrs
65.1K+
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About this course
This Financial Accounting course will begin with a brief explanation of what financial accounting is. It will also look at the most critical reports included in financial accounting, including the Balance Sheet, Income statement, and cash flow statement. You will learn about the different items that make up these statements and learn what they convey about a business. You will also look at some samples of each of the statements for more comprehensive learning. You will then proceed towards learning about Financial ratios, what they do, and some of the key ratios involved in analyzing the financial statements mentioned earlier. Looking to get started towards a successful career in management and to become a key driver in the pursuit of excellence? Enroll in the online Management Courses with full career support and an exclusive online mentorship.
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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.
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