Financial Accounting Basics

Q: What are the best free online courses in basic financial accounting?

Alison’s Financial Accounting Basics course offers learners the opportunity to get a grasp of the key elements of accounting concepts. This course is also a valuable resource for those who need to brush up on accounting basics.

Q: How do I teach myself accounting?

Online learners have the perfect opportunity to learn Financial Accounting Basics with this course from Alison. The course is completely free to study and is 100% based online. Alison’s courses are also self-paced meaning learners can study at their own pace. This benefits users greatly for a subject like accounting, given the complexity of the subject.

Q: What topics are covered in this course?

Financial Accounting Basics covers a wide range of topics for a course that takes 3 hours on average to complete. Some of the areas include principles of accounting, accounts and general ledgers, income statements, balance sheets, and statement of changes in equity.

Q: How hard is it to learn accounting?

There is no denying that accounting is a challenging subject. Accounting requires strong mathematical capabilities and a keen eye for detail. Begin learning with Financial Accounting Basics .

Learn the fundamentals of financial accounting basics, along with its principles, concepts and recording procedures.

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Avg. Duration1.5-3 Hours
Available Languages (2)
English
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- English
- Spanish
This course is
CPD-Accredited

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Learning Outcomes

In this free course, you will learn how to:

Describe key accounting principles and concepts to apply them in a business context
Explain the Chart of Accounts and its use in an accounting system
Describe how the Income Statement provides information on the profits and losses of the company
Explain the overall concept in preparation of the Statement of Changes in Equity and its use
Describe how entries are performed in the four key financial statements
Discuss the accounting equation
Discuss the preparation of the Balance Sheet and its application to provide info on the financial position of the firm
List the key concepts of the Cash Flow Statement
Describe its value in providing insight into the generation of money by the trading activities of your firm

Knowledge & skills you will learn

Course Overview

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