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What is Financial Accounting?

Approx. 9 hours to complete

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Course Summary

This course teaches the fundamentals of financial accounting, including understanding financial statements, balance sheets, and income statements. Students will learn how to analyze and interpret financial data to make informed business decisions.

Key Learning Points

Understand the basics of financial accounting
Learn how to analyze financial statements
Use financial data to make informed business decisions

Learning Outcomes

Understand financial statements and how they are prepared
Analyze financial data to make informed business decisions
Interpret financial statements to assess the financial health of an organization

Prerequisites or good to have knowledge before taking this course

Basic understanding of business concepts
Familiarity with financial terminology

Course Difficulty Level

Beginner

Course Format

Online
Self-paced

Similar Courses

Financial Accounting Fundamentals
Introduction to Corporate Finance
Financial Markets

Related Education Paths

Related Books

Description

Students are introduced to the field of financial accounting through defining the foundational activities, tools, and users of financial accounting. Students learn to use the accounting equation and are introduced to the four major financial statements. Additional topics include ethical considerations, recording business transactions, and the application of credit/debit rules.

Outline

Introduction to Financial Accounting
Introduction to Financial Accounting
Introduction to Financial Accounting (Continued)
Excel Test Run Activity
Supplementary Readings
Financial Accounting Basics
Excel Test Run Assessment

The Accounting Equation & Financial Statements
The Accounting Equation & Financial Statements
Excel Sum Function Walkthrough
Supplementary Readings
The Accounting Equation & Financial Statements
Excel Sum Function Assessment

The Accounting Cycle & Analyzing Transactions
Introduction to the Accounting Cycle & Analyzing Transactions
Analyzing Transactions Walkthrough
Recording Transactions Walkthrough
Recording Transactions Activity
Supplementary Readings
Analyzing Transactions Assessment
Recording Transactions Assessment

Analyzing Transactions using the Debit & Credit Rules
Analyzing Transactions using the Debit & Credit Rules
Debit & Credit Rules Walkthrough
Calculating Ending Balances Walkthrough
Calculating Ending Balances Activity
Supplementary Readings
Debit & Credit Rules Assessment
Calculating Ending Balances Assessment

Summary of User Reviews

This course on financial accounting has received positive reviews from learners. Many users appreciate the in-depth coverage of the subject and the practical application of concepts. The course has an overall high rating based on the feedback from learners.

Key Aspect Users Liked About This Course

The practical application of concepts was a key aspect that many users thought was good.

Pros from User Reviews

In-depth coverage of financial accounting concepts
Practical application of concepts
Engaging and interactive course content
Clear and concise explanations of complex topics
Great value for the price

Cons from User Reviews

Some users found the course content to be too basic
Lack of interaction with instructors
No option for live lectures or discussions
Some technical issues with the platform
Course materials could be more organized

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