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The Accounting Cycle and Financial Statements

The Accounting Cycle and Financial Statements

Enrolled1.5-3 Hours (Contains Video)
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  • Intermediate Level

The Accounting Cycle and Financial Statements

Master the core basics of accounting standards and cycles, financial statements and cash flows with this free course.

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Learning Outcomes

In this free course, you will learn how to:

  • Discuss the conventions and standards of financial accounting
  • Distinguish between GAAP and International Financial Reporting Standards (IFRS) cash flow classification
  • Explain the full disclosure principle
  • Recall the principles of accounting transactions
  • Discuss the accounting process
  • Summarize the accounting cycle
  • Recall how to assess balance sheets and income statements
  • Evaluate cash flow statements
  • Analyze financial statement ratios and calculations
  • Identify the direct and indirect methods of stating cash flows

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