Finance & Accounting

Introduction to Financial Accounting

Foundational financial accounting course covering the accounting cycle, financial statements, GAAP principles, and practical applications. Build skills for business success and college accounting coursework.

8 Weeks
9 Modules · 66+ Lessons
289 Students
★★★★★ 4.6
All Courses
Complete Package
$45
One-time payment · Lifetime access
  • 9 comprehensive modules
  • 10+ practice questions with answers
  • Full study guide & flashcards
  • Progress tracking dashboard
  • Expert support 24/7
  • Certificate of completion
  • Secure PayPal checkout

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What You'll Learn
Accounting Fundamentals & The Business Environment
The Chart of Accounts & Recording Transactions
The General Ledger & Trial Balance
Adjusting Entries
Financial Statements Preparation
Cash, Receivables & Inventory
Long-Term Assets & Depreciation
Liabilities & Stockholders' Equity
Course Curriculum 9 Modules · 66+ Lessons
1
Accounting Fundamentals & The Business Environment
7 lessons · 2 hrs
  • What is Accounting? Purpose, Users, and Types
  • GAAP: Generally Accepted Accounting Principles
  • The Accounting Equation: Assets = Liabilities + Equity
  • Types of Business Transactions
  • The Double-Entry Accounting System
  • Accounting Ethics and Professional Standards
  • Module Overview and Course Structure
  • Module 1 Practice Quiz
2
The Chart of Accounts & Recording Transactions
8 lessons · 2 hrs · High-Yield
  • The Chart of Accounts: Organization and Numbering
  • Debits and Credits: The Foundation of Bookkeeping
  • Normal Balances for Each Account Type
  • Recording Transactions in the General Journal
  • T-Accounts: Visualizing Debit/Credit Effects
  • Common Business Transactions: Walkthrough Examples
  • Sales Transactions: Cash and Credit Sales
  • Module Practice Quiz (15 questions)
  • Module 2 Practice Quiz
3
The General Ledger & Trial Balance
7 lessons · 2 hrs
  • Posting Journal Entries to the General Ledger
  • Understanding the General Ledger Format
  • Calculating Account Balances
  • Preparing the Unadjusted Trial Balance
  • Interpreting Trial Balance Errors
  • The Worksheet: From Trial Balance to Financial Statements
  • Module Practice Quiz (10 questions)
  • Module 3 Practice Quiz
4
Adjusting Entries
8 lessons · 2.5 hrs · High-Yield
  • Why Adjusting Entries Are Necessary: Accrual Basis
  • Prepaid Expenses: Recognizing Expense Over Time
  • Unearned Revenue: Recognizing Revenue Over Time
  • Accrued Expenses: Expenses Incurred But Not Yet Paid
  • Accrued Revenues: Revenue Earned But Not Yet Received
  • Depreciation: Straight-Line Method
  • Adjusting Entry Practice Problems
  • Module Practice Quiz (15 questions)
  • Module 4 Practice Quiz
5
Financial Statements Preparation
8 lessons · 2.5 hrs · High-Yield
  • The Income Statement: Revenue, Expenses, Net Income
  • Single-Step vs. Multi-Step Income Statement
  • The Statement of Retained Earnings
  • The Balance Sheet: Current vs. Non-Current Classification
  • The Statement of Cash Flows: Operating, Investing, Financing
  • Reading and Interpreting Real Financial Statements
  • Notes to Financial Statements
  • Module Practice Quiz (15 questions)
  • Module 5 Practice Quiz
6
Cash, Receivables & Inventory
8 lessons · 2.5 hrs
  • Cash Management and Internal Controls
  • Bank Reconciliation: Step-by-Step
  • Accounts Receivable and the Allowance Method
  • Estimating Bad Debts: Percentage of Sales and Aging
  • Notes Receivable and Interest Calculation
  • Inventory Valuation: FIFO, LIFO, and Weighted Average
  • Inventory and Cost of Goods Sold (COGS)
  • Module Practice Quiz (15 questions)
  • Module 6 Practice Quiz
7
Long-Term Assets & Depreciation
7 lessons · 2 hrs
  • Property, Plant, and Equipment (PP&E)
  • Depreciation Methods: Straight-Line, Double-Declining, Units of Activity
  • Recording Depreciation and Book Value
  • Intangible Assets: Patents, Copyrights, Goodwill, Amortization
  • Asset Disposal: Gain or Loss on Sale
  • Impairment of Assets
  • Module Practice Quiz (10 questions)
  • Module 7 Practice Quiz
8
Liabilities & Stockholders' Equity
7 lessons · 2 hrs
  • Current Liabilities: Accounts Payable, Accruals, Unearned Revenue
  • Long-Term Liabilities: Bonds Payable, Notes Payable
  • Stockholders' Equity: Common Stock, Retained Earnings
  • Dividends: Cash and Stock Dividends
  • Earnings Per Share (EPS)
  • Module Practice Quiz (10 questions)
  • Module 8 Practice Quiz
9
Financial Statement Analysis & Final Review
7 lessons · 2 hrs
  • Liquidity Ratios: Current Ratio, Quick Ratio
  • Profitability Ratios: Gross Margin, Return on Equity
  • Solvency Ratios: Debt-to-Equity, Interest Coverage
  • Comparing Financial Performance Across Companies
  • Red Flags in Financial Statements
  • Full Accounting Cycle Review (Practice Problem)
  • Final Exam Practice (35 questions)
  • Module 9 Practice Quiz
What's Included
Complete Study Guide
10+ Practice Questions
10+ Digital Flashcards
Expert Support
Progress Tracking
Certificate
Practice Test — 10 Questions

Full explanations provided after each answer.

20:00
Q 1 / 10
Digital Flashcards

Click any card to flip.

Study Guide & Key Concepts

Key Accounting Formulas

Accounting Equation: Assets = Liabilities + Owner's Equity
Net Income: Revenue - Total Expenses
Gross Profit: Net Sales - Cost of Goods Sold (COGS)
Current Ratio: Current Assets / Current Liabilities
Debt-to-Equity: Total Liabilities / Total Equity
Return on Assets: Net Income / Total Assets
EPS: Net Income / Shares Outstanding

Debit & Credit Quick Reference

Account TypeNormal BalanceDebit EffectCredit Effect
AssetsDebitIncreaseDecrease
LiabilitiesCreditDecreaseIncrease
EquityCreditDecreaseIncrease
RevenueCreditDecreaseIncrease
ExpensesDebitIncreaseDecrease
$45
One-time · Lifetime access
  • 9 comprehensive modules
  • 10+ practice questions
  • Expert support included
SSL · PayPal accepted
Course Rating
★★★★★
4.6 / 5.0
289 students enrolled
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