Financial Accounting and Financial Statements | Free Course | Alison
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Diploma in Financial Accounting

The free online course on the streams of accounting, preparing financial statements and the structure of balance sheet.

Accounting
Free Course
The free online course on financial accounting teaches you about the streams of accounting, as well as the concept of financial statements and the basic structure of a balance sheet. You will learn about the components of a profit and loss account, as well as the concept of conservatism and depreciation. You will also be able to explain the concept of ratio analysis. Start this course today to improve your understanding of financial accounting.

  • Duration

    10-15 Hours

  • Certification

    Yes

  • Mobile Friendly

    Yes

  • Publisher

    NPTEL

  • Accreditation

    CPD
Diploma in Financial Accounting
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Description

Modules

Outcome

Certification

View course modules

Description

Financial accounting is a free online course that begins by introducing you to the streams of accounting, as well as the concept of financial statements and the basic structure of a balance sheet. The course will also introduce you to the major components of a profit and loss account, as well as the concept of conservatism and depreciation. Cash flow statement as the summary of cash flows (receipts and payments) during an accounting period will also be covered in this course.

The course then explains corporate governance as a collection of mechanisms, processes and relationships by which a company is controlled and managed. You will learn about the main principles of corporate governance, as well as how Enron failed using proper corporate governance. This course will teach you about accounting standards and principles, as well as the evolution of accounting and how to record financial transactions.

Furthermore, this course will help you get familiar with the interpretation and analysis of financial statements, as well as introduce you to the concept of ratio analysis. You will learn about the ratio and financial statement analysis for TCS. This free online course will be of great interest to students, researchers, and anyone with an interest in financial accounting and preparing financial statements. So, register for this course and start your next learning journey today.

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Modules

Introduction to Accounting and Financial Statements

Profit and Loss Account

Cash Flow Statement

Corporate Governance

Diploma in Financial Accounting - First Assessment

Introduction to Accounting Standards and Principles

Case Study: Zee TV and Hindalco

Ratio Analysis and Return on Equity

Ratio and Financial Statement Analysis

Diploma in Financial Accounting - Second Assessment

Course assessment

Learning Outcomes

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


  • Explain the difference between tangible and intangible assets.
  • Outline the equation for assets and owners fund.
  • List the elements of the profit and loss account.
  • List the three qualitative characteristics of conservatism.
  • Explain the importance of a cash flow statement to investors.
  • Describe the meaning of the term corporate governance.
  • Describe the influence Kautilya Arthshastra had on accounting.
  • Explain what is meant by a Minimum Alternate Tax.
  • Identify the formula for calculating profit and loss.
  • Define Appropriation of Profit in accounting.
  • Explain the two major financial statement analysis.
  • Describe what is meant by a ratio in accounting.
  • Explain what is meant by market capitalization in accounting.
  • Explain the importance of an income statement.

Certification

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.

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