Overview
Accounting Fundamentals Course Overview
This free 2-part accounting fundamentals course will guide you through the accounting process. We explore the layout of the balance sheet, income statement, and cash flow statement. We will demonstrate how to prepare financial statements from scratch. This free accounting course is an essential building block required for performing financial modeling and other types of wall street financial analysis.
Constructing an Income Statement and Balance Sheet
In the first module of this free accounting course, we explore the layout of the balance sheet and income statement, how transactions are recorded and how to prepare these statements. By the end of this module, you will have a solid understanding of how to construct a balance sheet and income statement.
- Explain the format of the income statement and balance sheet
- Define various financial statement terms (e.g. accounts receivable, prepayments, etc.)
- Record financial statement transactions (e.g. invoicing, raising equity, buying inventory, etc.)
- Prepare a simple income statement and balance sheet
Constructing a Cash Flow Statement
In the second module of this free accounting course, we explore the layout of the cash flow statement and explain the differences between the cash flow statement and the income statement. By the end of this module, you will have a solid understanding of how to construct a cash flow statement.
- Outline the format of the cash flow statement
- Explain the difference between profit and cash
- Prepare a simple cash flow statement using the balance sheet and income statement
More Accounting Course Details
This online accounting course incorporates a wide range of applied exercises and case studies. Sophisticated search and navigation tools allow you to go at your own pace while pop quizzes test what you have learned. The course also includes two PDF reference guides – a financial statements glossary and an accounting factsheet. These can be used while taking the course and can be downloaded to your computer for future reference. This is the ultimate accounting crash course to prep for wall street careers!
Who Should Take This Free Accounting Course?
This free online accounting course is designed for anyone who wants to review the fundamentals and building blocks of the accounting process. This class will also be useful for professionals who work in finance and want to review the concepts required for financial modeling and valuation in CFI’s later courses.
Accounting Fundamentals
Get Started Enroll For Free
Level 2
Approx 2.5h to complete
100% online and self-paced
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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.
- Skills Learned Financial modeling and valuation, sensitivity analysis, strategy
- Career Prep Investment banking and equity research, FP&A, corporate development
- Skills Learned Financial Analysis, Credit Structuring, Risk Management
- Career Prep Commercial Banking, Credit Analyst, Private Lending
- Skills Learned Financial Learning, Business Development, Investment Management, Practice Management, Relationship Management
- Career Prep Financial Planner, Investment Advisor, Portfolio Manager
What our students say
Quite useful for those in the accounting career.
Muhdhar Khalid
It was a fun for learning all fundamental analytics with accounting which is useful to analyze a company for the future ahead.
Nicholas Christian Erdy
Quite informing and transforming
Kingsley Momoh
just keep your good work it covers the basics of the accounting which we will need in the remaining of the course
