Accounting Principles and Standards

$97.00
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Intermediate level

Approx 2.5 to complete

100% online and self-paced

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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:

  • 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


IFRS vs US GAAP


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. 


Finance lease and operating lease


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.


Deferred tax assets and liabilities

What You'll Learn

Lesson
Multimedia
Exams
Files
Detailed Accounting Standards

Get the course in a bundle

Accounting Principles and Standards

Financial Modeling & Valuation Analyst (FMVA)® Certification
Starts at $497
Learn More
  • All 32 FMVA® courses
  • Skills Learned Financial Modeling and Valuation, Sensitivity Analysis, Strategy
  • Career Prep Investment Banking and Equity Research, FP&A, Corporate Development
Starts at $497
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Path To Certification

Prerequisite Courses

8 courses from beginner to intermediate level.

01Optional

Core Courses

12 courses from beginner to intermediate level.

02Required

Elective Courses

Take 3 out of 13 courses at an advanced level.

03Required

Get 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

FMVA® Financial Analyst Certification courses are offered 100% online, allowing you the flexibility to start the financial analyst program anytime and learn when it’s most convenient for you.
Students must complete all core and elective courses (14 in total) and demonstrate mastery of the topics through successful completion of course materials, quizzes, and assessments.
Within 48 hours of program completion, your Blockchain Verified FMVA Certification will be emailed to you.

What Our Students Say

Great refresher
An important course summarised brilliantly.

Macdonald Ossuetta

Fundamental Accounting Principles
Excellent sequence for understanding accounting standards

Deepak Sawarkar

Accounting Principles and Standards
Great course!

Yu Peng

Accounting Principles And Standards
over all ok. Just don't understand about business combination. May be need more example.

FRANSISCA MA

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Frequently Asked Questions

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