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.
- Skills Learned Financial Modeling and Valuation, Sensitivity Analysis, Strategy
- Career Prep Investment Banking and Equity Research, FP&A, Corporate Development
7 courses from beginner to intermediate level.01Optional
11 courses from beginner to intermediate level.02Required
Take 3 out of 11 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
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.
The program is a part of the All Access Subscription, which includes all programs and courses.
CFI courses are designed by instructors with over 21 years of financial analyst training experience.
Excellent as always!
The content is very informative. 5 Stars
Lawrence Atkins, MBA
very well explained the basic concepts,easily able to understand
Never expected that it will be educative like this thanks CFI for giving me the opportunity