Fundamentals of Financial Accounting

Master financial accounting basics—ledgers, balance sheets & income statements. Learn to track, analyze & report business finances accurately.

Finance & Accounting

2 Hours

Description

Understanding the language of business is crucial for making informed decisions in any professional environment. This course, “Fundamentals of Financial Accounting,” is designed to introduce participants to the core principles and practices of financial accounting. In just two hours, you will gain a clear understanding of how financial information is recorded, organized, and interpreted. Whether you’re looking to enhance your career prospects, run your own business, or simply understand financial statements better, this course provides a practical foundation in the essentials of accounting.

Course Objectives

Explain the purpose and importance of financial accounting in business.

Understand and apply basic accounting concepts and principles.

Record simple business transactions using the double-entry system.

Prepare and interpret fundamental financial statements (Income Statement, Balance Sheet, and Cash Flow Statement).

Recognize the role of accounting in business decision-making and compliance.

Target Audience

Beginners with no prior background in accounting.

Entrepreneurs and small business owners seeking to manage their finances more effectively.

Students considering a career in accounting or finance.

Professionals in non-finance roles who want to understand the basics of accounting.

Anyone interested in improving their financial literacy for personal or professional reasons.

Basic Understanding

There are no prerequisites for this course.

Course Content

No sessions available.

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Fundamentals of Financial Accounting

Session 1: Introduction to Financial Accounting

  1. What is Financial Accounting?
  2. The Role of Accounting in Business
  3. Users of Financial Information

Session 2: Key Accounting Principles and Concepts

  1. The Accounting Equation
  2. Double-Entry Bookkeeping
  3. Accrual vs. Cash Accounting

Session 3: Recording Business Transactions

  1. Chart of Accounts
  2. Journal Entries and Ledgers
  3. Debits and Credits Explained

Session 4: Preparing Financial Statements

  1. The Income Statement: Revenue, Expenses, and Profit
  2. The Balance Sheet: Assets, Liabilities, and Equity
  3. The Cash Flow Statement: Operating, Investing, and Financing Activities

Session 5: Interpreting Financial Statements

  1. Key Financial Ratios and What They Mean
  2. Common Mistakes and How to Avoid Them
  3. Using Financial Information for Business Decisions

Session 6: Practical Applications and Q&A

  1. Sample Transactions and Statement Preparation (Hands-On)
  2. Real-World Examples and Case Studies
  3. Open Discussion and Q&A

Coupons

No offers available at this time.

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+510-849-6155

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