Accounting fundamentals course overview
This free 2-part accounting fundamentals course will guide you through the accounting process. We explore the layout of the balance sheet, income statement, and cash flow statement. We will demonstrate how to prepare financial statements from scratch. This free accounting course is an essential building block required for performing financial modeling and other types of wall street financial analysis.
Constructing an income statement and balance sheet
In the first module of this free accounting course, we explore the layout of the balance sheet and income statement, how transactions are recorded and how to prepare these statements. By the end of this module, you will have a solid understanding of how to construct a balance sheet and income statement.
- Explain the format of the income statement and balance sheet
- Define various financial statement terms (e.g. accounts receivable, prepayments, etc.)
- Record financial statement transactions (e.g. invoicing, raising equity, buying inventory, etc.)
- Prepare a simple income statement and balance sheet
Constructing a cash flow statement
In the second module of this free accounting course, we explore the layout of the cash flow statement and explain the differences between the cash flow statement and the income statement. By the end of this module, you will have a solid understanding of how to construct a cash flow statement.
- Outline the format of the cash flow statement
- Explain the difference between profit and cash
- Prepare a simple cash flow statement using the balance sheet and income statement
More Accounting Course Details
This online accounting course incorporates a wide range of applied exercises and case studies. Sophisticated search and navigation tools allow you to go at your own pace while pop quizzes test what you have learned. The course also includes two PDF reference guides – a financial statements glossary and an accounting factsheet. These can be used while taking the course and can be downloaded to your computer for future reference. This is the ultimate accounting crash course to prep for wall street careers!
Who should take this free accounting course?
This free online accounting course is designed for anyone who wants to review the fundamentals and building blocks of the accounting process. This class will also be useful for professionals who work in finance and want to review the concepts required for financial modeling and valuation in CFI's later courses.
What You'll Learn
Path to Certification
6 courses from beginning to intermediate level.01Optional
9 courses from beginning to intermediate level.02Required
Take 3 out of 8 courses at an advanced level.03Required
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
An impressive course and the materials too
Before finding this institute, I had no idea where I would start without paying student loans( which I can NOT afford right now). When I came across CFI, i couldnt have been more pleased with just the Accounting Fundamental Certificate i received a pay raise immediately along with a promotion. Now that i know how and what to look for, the company did not mind paying me for it. WIN -WIN I can t wait to complete all the free courses and then im on to get my FMVA Certificate by New Years 2020. Its part of my vision and CFI is how I will get there!! Thank You CFI my family and I really appreciate these courses and the start I need to follow my dreams!
This is a fundamentals course, but reminded me of all the items that a non-acctg person needs to have some remedial understanding of before truly understanding the impact to the P&L and Cash. Good couple hours worth of instruction and understanding.
I found this course when I really needed it. I am a young and fresh entrepreneur with no formal business training. I needed to know how to compose a Balance Sheet, Income Statement and Cash Flow statement. I learnt so much in so little time. I really love how this powerful information has been packaged. Anyone can do this course, no matter how busy or time tight. Simply the best.
Frequently Asked 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.