Learn the fundamentals of financial accounting basics, along with its principles, concepts and recording procedures. This free online financial accounting basics course will introduce you to financial statements and how to make financial reports that are understandable, relevant, and reliable. In this course, you will learn about the importance of accuracy in financial statements and how they provide crucial information for key business decisions. Start this free online course to learn how to complete accurate, relevant, and reliable financial statements.
| Course Category | Finance, Business |
| Course Type | Online Learning |
| Course Qualification | CPD Certificate |
| Course Duration | 1.5-3 hours |
| Course Fee | Free |
| Entry Requirements | Like all courses on the Alison Free Learning platform this is a free, CPD-accredited course. A Graduate can choose to buy a certificate or diploma upon successful completion of a course, but this is not required or necessary. At Alison we believe that free education, more than anything, has the power to break through boundaries and transform lives. Alison is the world’s largest free online empowerment platform for education and skills training, offering over 5000 CPD accredited courses and a range of impactful career development tools. It is a for-profit social enterprise dedicated to making it possible for anyone, to study anything, anywhere, at any time, for free online, at any subject level. Through our mission, we are a catalyst for positive social change, creating opportunity, prosperity, and equality for everyone. |
| Career Path | 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 |
| Course Code | 1217 |
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