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Fundamentals of Financial Accounting - Revised 2017

Free Course
Learn how to prepare financial accounts effectively and analyse the trial balance and cash flow to improve your business performance.
  • Duration

    2-3 Hours
  • Assessment

  • Certification

  • Responsive

  • Publisher





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This Fundamentals of Financial accounting course introduces the learner to the key ratios and their role in accounting, the cause and impact of common accounting issues as well as the specifics of balancing transaction on a daily basis. You will get an overview the budgeting.and managing cash flow, how prepare profit and loss statements and how to account for depreciation.

There is also an overview of the causes of commons risks to small businesses and you will also learn about inventory control and how to depreciate stock over time.

This course will be of interest to anybody wanting to set up their own business as it will help them read and understand their accounts. It will also be of interest to anybody who want to learn about managing financial within their organisation.

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Having completed this course you will be able to:

  • List key tasks in preparing your accounts
  • Identify the main accounting ratios
  • Discuss the need to analyse your accounts
  • Explain how to prepare a profit and loss statement
  • Explain what the cash flow statement is used for
  • Eiscuss the risks the small business may encounter
  • Discuss the process for recording stock
  • Discuss the different ways of depreciating stock

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

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