Accounting Principles and Standards

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Intermediate level

Approx 2.50h to complete

100% online and self-paced


From $497.00
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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


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

Detailed Accounting Standards

Get the course in a bundle

Accounting Principles and Standards

Financial Modeling & Valuation Analyst (FMVA)® Certification
Starts at $497
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  • All 30 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

7 courses from beginner to intermediate level.


Core Courses

11 courses from beginner to intermediate level.


Elective Courses

Take 3 out of 11 courses at an advanced level.


Get Certified

Submit your FMVA® checklist and order your certificate.


Join Our Community

Get access to the Global Corporate Finance Society.


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 course
Very well explained in detail terms such accounting versus taxable income, transaction costs, accounting offsets, ect.

Nedzad Gusic,MBA

Slightly difficult to grasp but useful
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.

Dans Jurcāns

Accounting review
The course is vast and has a relevant course structure. The instructor should teach in a more elaborated way and should include more examples.


Accounting Principles and Standards
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

Mohammad Shakeel Anjum

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Frequently Asked Questions

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