Free Diploma Course | Financial Accounting for Decision Making

The New Alison App has just launched Download Now

Diploma in Decision Making Using Financial Accounting

Learn to interpret and analyze financial statements and records to support your decision making in this diploma course

Finances and Banking
Free Course
Diploma in Decision Making Using Financial Accounting' is a free online course that offers a comprehensive guide to the different types of financial statements and their importance for effective decision-making. Learn about major accounting principles, types of financial statements, and their application in decision making for individuals and corporate entities. This course will improve your analytical and decision-making skills.
  • Duration

    15-20 Hours
  • Certification

  • Mobile Friendly

  • Publisher

  • Accreditation






View course modules


This free online accounting for decision makers course provides a comprehensive guide to interpreting and applying financial information in the process of effective decision-making. This course will teach you the fundamental aspects of financial accounting and the process of building and analyzing financial statements. The course begins with a discussion of basic financial accounting concepts, major sources of capital, and how to prepare a balance sheet.

Next, you will learn about the effects of various financial transactions on the financial statements of an organization such as purchases, sales, and miscellaneous items of expenditure. You will also study the fundamental accounting principles and different types of financial records. Then, you will analyze the methods of preparing the cash flow statements and the major components of the cash flow statement. You will also discuss the treasury management function and financial assets and liabilities in analyzing financial statements. Finally, the course will conclude with a discussion on ratio analysis including different types of ratios used in analyzing financial statements.

This free online course will introduce you to the fundamentals of financial accounting and its function in decision-making for individuals and organizations. This course will be of immense interest to students, analysts, investors, and anyone with an interest in interpreting and applying information from financial statements.

Start Course Now


Introduction to Financial Accounting Concepts

Transactions and Financial Statements

Types of Financial Records

Diploma in Decision Making Using Financial Accounting - First Assessment

The Cash Flow Statement

Analyzing the Financial Statements

Ratio Analysis

Diploma in Decision Making Using Financial Accounting - Second Assessment

Course assessment

Learning Outcomes

Upon successful completion of this course, you should be able to:

  • Recognize the fundamental concepts of financial accounting
  • Identify the types of financial statements
  • Explain the double-entry system of accounting
  • Evaluate the effects of different types of financial transactions
  • Analyze the process of preparing the final accounts
  • Identify major assumptions of the cash flow statement
  • Categorize the major activities of the cash flow statement
  • Distinguish the direct and indirect methods of cash flow statements
  • Recognize the importance of the annual report to the stakeholders
  • Describe the importance of financial statement analysis to decision-making


All Alison courses are free to enrol, study and complete. To successfully complete this Diploma course and become an Alison Graduate, you need to achieve 80% or higher in each course assessment. Once you have completed this Diploma course, you have the option to acquire an official Diploma, which is a great way to share your achievement with the world. Your Alison Diploma is:

Ideal for sharing with potential employers - include it in your CV, professional social media profiles and job applications
An indication of your commitment to continuously learn, upskill and achieve high results
An incentive for you to continue empowering yourself through lifelong learning

Alison offers 3 types of Diplomas for completed Diploma courses:

Digital Diploma - a downloadable Diploma in PDF format, immediately available to you when you complete your purchase
Diploma - a physical version of your officially branded and security-marked Diploma, posted to you with FREE shipping
Framed Diploma - a physical version of your officially branded and security-marked Diploma in a stylish frame, posted to you with FREE shipping

All Diplomas are available to purchase through the Alison Shop. For more information on purchasing Alison Diplomas, please visit our FAQs. If you decide not to purchase your Alison Diploma, you can still demonstrate your achievement by sharing your Learner Record or Learner Achievement Verification, both of which are accessible from your Dashboard. For more details on our Diploma pricing, please visit our Pricing Page.


    You have received a new notification
    Click here to view them all