Financial Accounting Concepts in Decision Making | Free Course

The New Alison App has just launched Download Now

Introduction to Financial Accounting Concepts for Decision-Making

Learn the major financial accounting concepts and the effects of financial transactions from this free online course.

Finances and Banking
Free Course
Introduction to Financial Accounting Concepts for Decision Making' is a free online course that offers a guide to the foundational accounting concepts that are essential for decision-making using financial accounting. Learn about major accounting principles, types of financial statements, and the effects of financial transactions on financial statements. This course will improve your accounting knowledge and decision making skills.
  • Duration

    5-6 Hours
  • Certification

  • Mobile Friendly

  • Publisher

  • Accreditation






View course modules


This free online Accounting Concepts for Decision-Making course teaches the foundational concepts used in interpreting and applying financial information for decision-making. This course will equip you with the right foundation for creating and analyzing financial statements. The course begins with an analysis of the interactions between financial statements and the accrual basis of accounting.

Next, you will learn about different financial accounting concepts such as conservatism, historical cost, and the importance of IFRS accounting standards. You will also study the types and characteristics of the major sources of capital - equity and debt. Then, you will analyze the process of preparing a balance sheet. You will also discuss the effects of financial transactions on financial statements and the implications for decision-making purposes.

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

Start Course Now

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
  • Analyze the features of the major sources of capital
  • Explain the double-entry system of accounting
  • Outline the three forms a partner can draw money from an organization
  • Categorize investment equity into short-term and long-term
  • Explain the effects of depreciation
  • Evaluate the importance of recording financial transactions for businesses


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 an official Certificate, which is a great way to share your achievement with the world. Your Alison Certificate 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 Certificates for completed Certificate courses:

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

All Certificates are available to purchase through the Alison Shop. For more information on purchasing Alison Certificates, please visit our FAQs. If you decide not to purchase your Alison Certificate, 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 Certificate pricing, please visit our Pricing Page.


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