Overview
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.
Accounting Fundamentals
Subscribe Enroll For FreeLevel 2
Approx 2.50h to complete
100% online and self-paced
What You'll learn
Become a certified Financial Modeling & Valuation Analyst (FMVA)®
Accounting Fundamentals is part of the Financial Modeling & Valuation Analyst (FMVA)® certification, which includes 30 courses.
- Skills Learned Financial Modeling and Valuation, Sensitivity Analysis, Strategy
- Career Prep Investment Banking and Equity Research, FP&A, Corporate Development
Path To Certification
Prerequisite Courses
7 courses from beginner to intermediate level.
01OptionalCore Courses
11 courses from beginner to intermediate level.
02RequiredElective Courses
Take 3 out of 11 courses at an advanced level.
03RequiredGet 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
What Our Students Say
Excellent as always!
Amey Pawar
so good.
Ahmed Gamal Eldin Mohamed .
Pleasantly surprised by the quality of the course offered here. Accounting fundamentals cleared a lot of incorrect pre-existing notions and carefully guided me towards understanding the purpose of each element. Thanks for a great learning experience!
Prithvijit Das
over all course is good, my answers are correct but i am getting 60% marks . i have attemepted many times. guide m ewhat i do . even i search my answers in google. but i dont know why my marks are less . i need 80% to get certficate. pls help me guide me .