Financial Accounting Basics (Free Online Course With Certificate)
Alison Free Online Learning
Key Information
Campus location
Online
Languages
English
Study format
Distance Learning
Duration
1 - 3 hour
Pace
Full time, Part time
Tuition fees
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Application deadline
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Earliest start date
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* free online course
Scholarships
Explore scholarship opportunities to help fund your studies
Introduction
This free online financial accounting basics course will introduce you to financial statements and how to make financial reports that are understandable, relevant, and reliable. In this course, you will learn about the importance of accuracy in financial statements, and how they provide crucial information for key business decisions. Start this free online course to learn how to complete accurate, relevant, and reliable financial statements. This is a free online course with a certificate.
Interested? Simply click the button and start today.
This Free Online Course Includes:
- 1.5-3 Hours of Learning
- CPD Accreditation
- Final Assessment
Alison Certificates
All Alison courses are free to enrol, study and complete. To successfully complete this Certificate course and become an Alison Graduate, you need to achieve 80% or higher in each course assessment. Once you have completed this Certificate course, you have the option to acquire an official Diploma, which is a great way to share your achievement with the world.
Your Alison Certificate is:
- Ideal for sharing with potential employers
- Include it in your CV, professional social media profiles, and job applications.
- An indication of your commitment to continuously learn, upskill & achieve high results.
- An incentive for you to continue empowering yourself through lifelong learning.
Alison offers 3 types of Diplomas for completed Diploma courses:
- Digital Certificate: a downloadable Certificate in PDF format immediately available to you when you complete your purchase.
- Certificate: a physical version of your officially branded and security-marked Certificate, posted to you with free shipping.
- Framed Certificate: a physical version of your officially branded and security-marked Certificate in a stylish frame, posted to you with free shipping.
Scholarships and Funding
Curriculum
This course will first introduce you to the fundamentals of basic accounting principles and recording procedures. You will study double entry, the accounting equation and balance sheets, trial balances, income statements, cash flow statements and changes in equity statements. You will also look into the Chart of Accounts and its use in an accounting system as well as study how the Income Statement provides information on the profits and losses of the company.
Next, you will study the accounting equation and the preparation of the Balance Sheet. You will also learn the key concepts of the Cash Flow Statement and describe its value in providing insights into your company's trading performance. The course will also guide you through the preparation of the Statement of Changes in Equity as well as how entries are performed in the four key financial statements.
Keeping track of a financial statement balance sheet may seem difficult at first. This free online financial accounting basics course is designed to make things easy and help you, as a business professional, to gain the competency you need to create and present really useful financial statements. Any aspiring accounting professional will get immense benefits from these skills. So, check out the course today and start boosting your accounting career in just a few short hours!
Module 1
The Foundation - Financial Accounting
Financial statements provide information about the economic performance of a company which is of benefit to a wide range of users when making economic decisions. Financial statements should be understandable, relevant, reliable and comparable. Reported assets, liabilities, income, expenses, and equity are directly related to an organization's economic success or lack of it.
Module 2
Course assessment
Program Outcome
What You Will Learn In This Free Course
- Describe key accounting principles and concepts to apply them in a business context.
- Explain the Chart of Accounts and its use in an accounting system.
- Describe how the Income Statement provides information on the profits and losses of the company.
- Discuss the accounting equation, the preparation of the Balance Sheet and its application to provide information on the financial position of the firm.
- List the key concepts of the Cash Flow Statement and describe its value in providing insight into the generation of money by the trading activities of your firm.
- Explain the overall concept in preparation for the Statement of Changes in Equity and its use.
- Describe how entries are performed in the four key financial statements.
Complete This CPD Accredited Course & Get Your Certificate!
Certify Your Skills
A CPD-accredited Alison Diploma/Certificate certifies the skills you’ve learned.
Stand Out From The Crowd
Add your Alison Certification to your resume and stay ahead of the competition.
Advance in Your Career
Share your Alison Certification with potential employers to show off your skills and capabilities.
Career Opportunities
Careers related to this course:
- Financial Accountant
- Accounting Associate
- Financial Advisor
- Tax Accountant
- Personal Financial Planner
- Financial Coach
- Financial Analyst
- Chartered Accountant
- Equity Analyst
- Banker
- Bank Teller
- Financial Case Worker
- Chief Revenue Officer
- Account Manager
- Real Estate Wholesaler
- Loan Processor
- Escrow Officer
- Loan Counselor
- Real State Developer
- Debt Counselor