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

Accounting Principles and Standards

$97.00 Enroll Now Free Preview

Approx 2.5 hrs to complete

Upgrade

From $497.00
FMVA Self Study
Buy Now
From $847.00
FMVA Full Immersion
Buy Now

Path to Certification

Prerequisite Courses

8 courses from beginner to intermediate level.

01Optional

Core Courses

11 courses from beginner to intermediate level.

02Required

Elective Courses

Take 3 out of 10 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

DAURA ABDEL NABI MAHMOUD RADY
Good
Perfect course
oluwatoyin Okeniyi
LEASES
Finance lease and operating leases is an interesting topic which operating lease been tricky
Manish Gaurav
Very informative.
Good introductory course. It is also a good refresher for the preofessionals.
Francis Francis Cordero
Great!!
Excellent Course!! Great Resources
See More
Hoang Phuong Huynh
I think all should take this to recall accounting principals
FRANSISCA MA
over all ok. Just don't understand about business combination. May be need more example.
Najd Finnir
The content was well structured. Would have loved a little more information regarding deferred taxes. Overall it is great.
Elena Uskova
Der Kurs vermittelt ein klares Verstädnis der grundlegenden Rechnungslegungsgrundsätzen. Die praktischen Übungen und Fallbeispielen fand ich besonders interessant. Besten Dank an Tim Vipond, Scott Powell, FMVA®, Scott Powell und Corporate Finance Institute® (CFI) Team!
Yu Peng
Great course!
Haryanto Po
Really help me to understand the Accounting Principle
Dans Jurcāns
The course covers the key principles of accounting and financial reporting standards, as well as practical matters on leases, taxes, stock option, M&A, and financing fee accounting. It is quite heavy on financial lingo and sometimes lacks simpler explanations, but the material is solid and useful.
Shubham Jain
Really enjoyed the course as this whole particular e-learning is drafted in such a way that one true knowledge seeker would never lose his / her interest while completing this wonderful course... Thanks to Tim Vipond and special thanks to the wonderful team of /// CFI for making it possible .....Really appreciate your efforts on behalf of all FINANCE FREAKS.......
Saswata Debroy
It's the most basic, most vital, and definitely a difficult course I have gone through. My learning experience was challenging and adventurous. I would recommend all aspirants not to give up and it may take some time to grasp the topics due to the depth of each of the topics but definitely make a strong base in the future.
Mikhail Powell
This is actually a well needed addition to the program to contribute to the well roundedness of the FMVA. I thoroughly enjoyed the content.
Mohammad Shakeel Anjum
I often felt the topics included difficult but the way they have explained the topics in simple language with practice in Excel help to understand the topic well
Nigel Minezes
The course was clear engaging and informative and down to earth practical
Nedzad Gusic,MBA
Very well explained in detail terms such accounting versus taxable income, transaction costs, accounting offsets, ect.
Ashraf Ibrahim
Very nice and useful course
Hui Li
not so bad
Abhay Kumar Sinha
Course full of concepts and appreciate the way concepts are beautifully explained by Instructors. Enjoyed the journey of the course and got encouraged to read more and leave no query while grasping the concepts. Overall it was very interesting to go through the PDF files where concepts are clearly explained.
Rohith Kondi
This course is useful to learn briefly about some of the most concepts such as Leases, Deferred Tax, Share based payments, business Combinations, etc.
Cihan Aktaş
Great work. Thanks for this oppurtinity.
PETER BONURA
Excellent course. Love the delivery method. Highly recommend this course.
Deepak Sawarkar
Excellent sequence for understanding accounting standards
Beutah Monyoncho
Well refresher course for those in finance and covers almost everything in summary form.
Macdonald Ossuetta
An important course summarised brilliantly.
Adigun Amidu Oladimeji
It's great

Frequently Asked Questions

Can I download the Excel files and financial modeling templates?
How long do I have to complete the courses?
Are CFI courses verified?
Are there any additional fees or costs?
What currency are your courses priced in?
How do I earn my certificates?
Can I email the instructor if I have questions?
Will these courses help me advance my career?
More Questions?

FMVA® Financial Analyst Certification

Become a Financial Modeling and Valuation Analyst (FMVA)® by completing all required courses in accounting, finance, modeling, Excel, presentations, and strategy. From beginner to advanced courses you will have the complete training you need to become a world-class financial analyst.

Upgrade

From $497.00
FMVA Self Study
Buy Now
From $847.00
FMVA Full Immersion
Buy Now