Financial accounting is an essential component of any business. It helps organizations keep track of their financial transactions and provides valuable information about their financial performance. For students who are interested in pursuing a career in accounting, a course in financial accounting is a must.
In this article, we will provide you fundamentals of financial accounting Paid Course for free. Also discuss the fundamentals of financial accounting, what students can expect from a financial accounting course, and the main financial statements that they will encounter.
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What is Financial Accounting?
Financial accounting is the process of recording, classifying, and summarizing financial transactions of an organization to generate financial statements. These financial statements provide information about the organization’s financial performance, cash flow, and financial position.
The information in these statements is used by investors, creditors, and other stakeholders to make informed decisions about the organization.
Financial Accounting Course
A financial accounting course provides students with a strong foundation in accounting principles, concepts, and practices. The course covers the basic accounting equation, double-entry bookkeeping, the accounting cycle, and the preparation of financial statements. It also provides an understanding of the accounting standards and regulations that govern financial reporting.
In addition to theoretical knowledge, a financial accounting course also involves practical exercises that allow students to apply what they have learned. These exercises may include journal entries, ledger entries, and the preparation of financial statements.
Students will also learn about the different types of financial statements that organizations prepare.
Finance & Accounting for Management Consultants and Analysts For Free
RAR password: XDJ
What you’ll learn:
- Analyze financial statements of a firm especially income statement, balance sheet, cash flows
- Create a model of profit and loss statement (income statement) in Excel
- Analyze in Excel financial indicators and draw conclusion out of that
- Estimate the value of a firm using DCF and multiplier method
- You will understand the main difference between financial statements in USA and Europe
- You will master main bookkeeping / accounting principles
Requirements:
- Basic or intermediate Excel
Main Financial Statements
The main financial statements that students will encounter in a financial accounting course are:
- Income Statement: This statement provides information about an organization’s revenue and expenses during a specific period. It helps stakeholders determine the profitability of the organization.
- Balance Sheet: This statement provides information about an organization’s assets, liabilities, and equity at a specific point in time. It helps stakeholders determine the financial position of the organization.
- Cash Flow Statement: This statement provides information about an organization’s cash inflows and outflows during a specific period. It helps stakeholders determine the organization’s ability to generate cash and manage its cash flow.
Fundamentals Of Financial Accounting
You will be able also to download many additional resources
- Excels with analyses shown in the course
- Presentation of slides shown in the course
- Links to additional presentations and movies
- Links to books worth reading
At the end of my course, students will be able to
- Analyze financial statements of a firm especially income statements, balance sheets, cash flows
- Create a model of profit and loss statement (income statement) in Excel
- Analyze in Excel financial indicators and draw conclusions out of that
- Estimate the value of a firm using DCF and multiplier method
- You will understand the main difference between financial statements in the USA and Europe
- You will master the main bookkeeping/accounting principles
Who this course is for:
- Management Consultants
- Business Analysts
- Startups founders
- Managers
- Students who want to refresh their knowledge about Finance & Accounting
- Students without MBA / business school education
Conclusion
In conclusion, financial accounting is an essential component of any business, and this course in financial accounting is a must for students interested in pursuing a career in accounting.
The course provides students with a strong foundation in accounting principles, concepts, and practices, and covers the preparation of financial statements.
The main financial statements that students will encounter are the income statement, balance sheet, and cash flow statement.
By understanding these fundamentals, students will be equipped with the knowledge they need to be successful in the field of accounting.