This self-paced financial accounting course is perfect for beginners looking to build a strong foundation in accounting principles. You'll gain a comprehensive understanding of key financial accounting concepts essential for careers in accounting, bookkeeping, and finance-related fields. The course covers the users and sources of financial reports, different types of financial statements, and the importance of adhering to Generally Accepted Accounting Principles (GAAP). You'll also learn to distinguish between cash and accrual accounting, and explore income statements, profit ratios, and important line items.
The course then moves into more advanced topics, including accrual accounting specifics like depreciation and amortization. You’ll also dive into analytical tools such as Trailing Twelve Months (TTM) and Year-over-Year (Y/Y) comparisons. As you progress, you'll study balance sheets, cash flow statements, and detailed income statements, as well as how to handle unusual items. By the end of the course, you'll have the knowledge and skills needed to confidently apply financial accounting principles in a professional setting.
What You Will Learn
- Master financial accounting fundamentals, including GAAP and accrual accounting.
- Create and manage income statement line items, balance sheets, and cash flow statements.
- Connect various financial statements to tackle complex accounting tasks.
- Handle advanced accounting statements, unusual items, and intercompany investments.
- Learn the basics of debt accounting, deferred taxes, and tax journal entries.
This program is available for 60 days. You can choose when to start your access period. Once you activate, you will have 60 days to complete it (access the course materials, quizzes, projects and videos). You may request one extension of seven (7) days. Other extension requests will be evaluated on a case-by-case basis. Videos are not downloadable.