Accounting Principles and Standards
SubscribeLevel 2
Approx 2.50h to complete
100% online and self-paced
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.
Accounting Principles and Standards Learning Objectives
Upon completing this course, you will be able to:
- Understand the fundamental accounting principles that underly more detailed accounting standards
- Understand why it is important to have as well as the characteristics of useful financial information
- 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
- Identify the key standards when accounting for leases, incomes taxes, share-based payments, business combinations, and transactional costs
Accounting Principles and Standards is a Core Course of CFI’s FMVA® Program
CFI’s Financial Modeling & Valuation Analyst (FMVA)® Program covers a critical body of knowledge that is necessary to become a world-class financial analyst, including financial analysis, financial modeling, valuation, dashboards, and data visualization. This program is designed in a practical and comprehensive way to help students grasp the in-demand industry knowledge and close the skills gap.
Who Should Take This FMVA® Course?
This Accounting Principles and Standards course covers the foundational knowledge every financial analyst should understand in order 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.
What You'll Learn
Become a certified Financial Modeling & Valuation Analyst (FMVA)®
Accounting Principles and Standards is part of the Financial Modeling & Valuation Analyst (FMVA)® certification, which includes 30 courses.
- Skills Learned Financial Modeling and Valuation, Sensitivity Analysis, Strategy
- Career Prep Investment Banking and Equity Research, FP&A, Corporate Development
Path To Certification
Prerequisite Courses
7 courses from beginner to intermediate level.
01OptionalCore Courses
11 courses from beginner to intermediate level.
02RequiredElective Courses
Take 3 out of 11 courses at an advanced level.
03RequiredGet Certified
Submit your FMVA® checklist and order your certificate.
04Required
Join Our Community
Get access to the Global Corporate Finance Society.
05Optional
How the Certification Works
What Our Students Say
I like the way this course made me think deeper about the material. Exercises were good, reviewing and cementing the course. Would highly recommend this course.
Elliott Brooks
Excellent Course!! Great Resources
Francis Francis Cordero
Real examples are really appreciative.
Muhammad Allauddin Bari
I would like to know what happen if the performance condition is not satisfied when calculating the share-based expenses, especially if a service condition is fulffiled but not the performance's one