What you'll learn
Introduction to Financial Accounting, the Financial Statements, and the Balance Sheet
Introduction to Recording Transactions
The Income Statement, Revenue and Expense Transactions, and Adjusting Entries
The Statement of Cash Flows, Financial Statement Preparation
More Transactions, Analysis of Financial Statements, and an Annual Report
This course will teach you the tools you’ll need to understand the fundamentals of financial accounting. Concise videos, the financial records of a small business, and “your turn” activities guide you through the three most commonly used financial statements: the Balance Sheet, the Income Statement, and the Statement of Cash Flows.
Beyond recording transactions, you’ll learn how to prepare these financial statements, and read and analyze them to draw basic conclusions about a company’s financial health. By the end of this course, you will be able to: – Use journal entries to record transactions – Prepare and use t-accounts to summarize transactions recorded during an accounting period – Describe the three most commonly used financial statements and how they fit together – Prepare these financial statements based on transactions recorded during an accounting period – Draw basic conclusions about a company’s financial health.
Access to a computer or mobile device with an internet connection.
Motivation to learn!
There are no special materials or prerequisite knowledge required for this course.
Who this course is for
Students who are new to this field
Students willing to put in a couple hours to learn about Financial Accounting Fundamentals
Advanced students wanting to add another skill to their portfolio
Luann J. Lynch – Almand R. Coleman Professor of Business Administration – Darden School of Business
This course includes
Option for learning at your own pace
Videos and reading material about the course
Assessed tasks with feedback from other course participants
Evaluated tests with feedback
Evaluated programming tasks