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Overview

Accounting Principles and Standards Course Overview

This course is designed to give some background on the fundamental accounting principles that underlie accounting standards and explore in more depth, some of the specific accounting standards commonly encountered by financial analysts. A good understanding of accounting standards is essential for reading and interpreting financial statements and in creating robust financial models. Fundamental Accounting Principles

Accounting Principles and Standards Learning Objectives

Upon completing this course, you will be able to:
  1. Understand the fundamental accounting principles that underly more detailed accounting standards
  2. Understand why it is important to have as well as the characteristics of useful financial information
  3. Explain the common accounting standards that financial analysts frequently encounter, such as:
    • Accrual basis of accounting
    • Revenue recognition principle
    • Historical cost principle
    • Matching principle
    • Materiality principle
    • Conservatism principle
    • Full disclosure principle
  4. Identify the key standards when accounting for leases, incomes taxes, share-based payments, business combinations, and transactional costs
IFRS vs US GAAP Finance lease and operating lease

Who should take this course?

This Accounting Principles and Standards course covers the foundational knowledge every financial analyst should understand to perform sound financial reporting and analysis. Anyone who would like to start a career in investment banking, financial planning and analysis (FP&A), corporate development, equity research, and other areas of corporate finance should take this course to reinforce their accounting knowledge. Deferred tax assets and liabilities

Accounting Principles and Standards

Led by Darren Tong
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Level 2

Approx 2.5h to complete

100% online and self-paced

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What you'll learn

Lesson
Multimedia
Exams
Files
Detailed Accounting Standards
Qualified Assessment

This Course is Part of the Following Programs

Why stop here? Expand your skills and show your expertise with the professional certifications, specializations, and CPE credits you’re already on your way to earning.

Financial Modeling & Valuation Analyst (FMVA)® Certification
Accounting Principles and Standards is part of the Financial Modeling & Valuation Analyst (FMVA)® certification, which includes 39 courses.
  • Skills Learned Financial modeling and valuation, sensitivity analysis, strategy
  • Career Prep Investment banking and equity research, FP&A, corporate development

What our students say


A pleasant "appetizer" to more in-depth finance courses!

Rodrick Tennant

5 star rating
Am impressed with the quality of the self study materials!! I do not need any assistance nor extra materials to study.

Kealeboga Morwe

Great
Lessons are comprehensive and easy to understand

Samirah Tumsah

Great course
Superb summary of accounting principles

Yaa Agyapomaa Yeboah

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Frequently asked questions

What are the requirements to take the courses?
All of our certification programs are open to students and professionals in various industries and levels of experience. Our curriculum is designed to teach what you need to know from basic fundamentals to advanced practical case studies. To take the courses and complete the exercises, students will only need access to a PC and/or Mac, Microsoft Suite (2016 or newer), and a stable internet connection. Click here to view the Technical Requirements
Can I download the Excel files and financial modeling templates for the course?
Absolutely! All the files and templates needed in a course are available for download. Just look for a module that shows Downloadable Files within the course dashboard. See here for a visual guide on how to do this.
How long do I have to complete the courses?
You will have yearly access to the courses as long as you maintain an active subscription. All the courses are self-paced as well so you can take your time in learning without worrying about any deadlines. Click here to compare our available enrollment options.
Are CFI courses officially accredited?
Yes, CFI is accredited by the Better Business Bureau® (BBB) to maintain training standards, the CPA Institutions in Canada, and the National Association of State Boards of Accountancy (NASBA) in the USA. Most of our courses qualify for verified CPE credits for CPA charter holders. Please refer to this page to view all available CPE credits.
Are there any additional fees or costs?
None! The bundle price includes everything and there are no additional fees or charges to earn your digital certification. You can see our enrollment fees listed here.
What currency are your courses priced in?
All our online courses are priced in USD. As this is a recurring payment, we accept all major credit and debit cards including Visa, MasterCard, and American Express.
How do I earn my certificates?
Students must complete all the video lessons, quizzes, and final assessments in each course. You can retake the assessments as many times as necessary until you reach an 80% passing grade. For more information on how to earn a course certificate, click HERE.
How are the exams conducted?
Students are required to complete an online assessment (Multiple choice questions, Fill-in-the-Blanks, and Excel Questions) at the end of each course. You can take the exams on your own schedule and will need to earn at least 80% to pass the course and earn your certificate of course completion. Please note that course exams can be repeated as many times as you need. Students are also required to complete the FMVA® final exam to earn their certification. How to Take a Qualified Assessment
Can I email the instructor if I have questions?
While the courses are designed mainly for self-study, we are happy to provide email assistance for general or technical support inquiries. The Full Immersion bundles include a premium email support function that allows you to communicate directly with in-house experts regarding course content. This is one of the key features that sets the Full Immersion bundle apart and makes it a worthwhile upgrade over the more affordable self-study bundle. You can compare more features in our bundles here.
Will these courses help me advance my career?
Based on hundreds of reviews from thousands of students we know how CFI courses have helped so many people advance their finance careers. Our courses are designed to be extremely practical and simulate the experience of being trained as a professional financial analyst…the ultimate way to advance your career. For real-world examples and to help delve even deeper into the course concepts, please look into our free career resources library.
More Questions?
You can view more detailed information through our Help Center or Email us and we'll be happy to answer any of your questions
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