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Introduction to Financial Accounting

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8K+ Learners
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Beginner

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.

What you learn in Introduction to Financial Accounting ?

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Accounting Methods
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Financial Statements
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Financial Analysis
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Accrual Accounting
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Balance Sheet
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Income Statement

About this Free Certificate 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 free 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.

 

Our course instructor

Mr. Justin Muscolino

Finance Manager

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8K+ Learners
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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.

What our learners say about the course

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Introduction to Financial Accounting

With this course, you get

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Free lifetime access

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Completion Certificate

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1.0 Hours

of self-paced video lectures

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Frequently Asked Questions

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 are my next learning options after this Financial Accounting course?

Once you have completed this Financial Accounting course, you will have built a strong foundation in the accounting domain and can now comfortably move on to more advanced courses to build up your skillset. Escalate your knowledge in Management from the Executive PG Program in Management. 

 

Is it worth learning Financial Accounting?

The reason why any company is in business is to create and expand wealth, and it is the language of business. Since Financial accounting deals with money management, it can play a crucial role in any aspect of the business. Therefore, learning Financial Accounting can help you make better decisions, no matter your role in any organization. 
 

What is Financial Accounting used for?

The financial outcome of a company's operations is reported using financial accounting. While private corporations report to their owners, public companies are mandated to report their performance to the general public. Financial statements are made in both scenarios, and the outcomes are examined. 
 

Why is Financial Accounting so popular?

Accounting enables companies to share their financial data with external parties, such as investors, which is crucial for conducting business. By doing this, businesses can demonstrate their financial stability and ability to make payments and loan repayments better.
In addition, helps companies evaluate their financial health by comparing them, allowing them to understand their success or development opportunities, and helps business leaders make more educated decisions.
 

What jobs demand that you learn Financial Accounting?

Many lucrative career paths await those with a solid knowledge of Financial Accounting. Some of these are:

  • Financial Accounting
  • Auditor
  • Financial Manager
  • Controller
  • Management Accounting

Keep in mind that the list above is not exhaustive but only a few of the vast amount of opportunities awaiting you after you learn Financial Accounting.

Will I get a certificate after completing this Financial Accounting course?

Yes, you'll get a free certificate showcasing your skills in Finanacial Accounting once you've finished the course. However, to get a free certificate of completion for this online course, you must successfully finish each module and the associated assessments. The certificate will be available on your dashboard once you pass the test.
 

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. 
 

How much does this Financial Accounting course cost?

Great Learning Academy offers this entire online Accounting course at no cost. This course is an excellent place to start for anyone looking to begin understanding the domain of financial accounting or start a career in the field.
 

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:

  1. Click on the "ENROL FOR FREE" option at the top right of the "Financial Accounting" course page.
  2. Your browser will open the signup page. Enter your details to create an account.
  3. You will be sent to the learning resources after verifying your profile.
  4. Start learning Financial Accounting for free online.
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