Accounting - Accounting Fundamentals: Module 1 (Free Course)

Learn accounting fundamentals in this free course! This 2-part series will guide you through the accounting process. We explore the layout of the balance sheet, income statement, and cash flow statement and demonstrate how to prepare financial statements from scratch. Enroll in our FREE course to earn a certificate: https://courses.corporatefinanceinstitute.com/courses/learn-accounting-fundamentals-corporate-finance Part 1: In this first module, we explore the layout of the balance sheet and income statement, how transactions are recorded, and prepare a simple balance sheet and income statement. By the end of this module, you will have a solid understanding of how to construct a balance sheet and income statement. Explain the format of the income statement and balance sheet. Define various financial statement terms (e.g., accounts receivable, prepayments, etc.) Record financial statement transactions (e.g., invoicing, raising equity, buying inventory, etc.) Prepare a simple income statement and balance sheet. Part 2: In this second module, we explore the layout of the cash flow statement, explain its differences from the income statement, and prepare a cash flow statement from scratch. By the end of this module, you will have a solid understanding of how to construct a cash flow statement. Outline the format of the cash flow statement. Explain the difference between profit and cash. Prepare a simple cash flow statement using the balance sheet and income statement. This course incorporates a wide range of applied exercises and case studies. Sophisticated search and navigation tools allow you to go at your own pace, while pop quizzes test what you’ve just learned. The course also includes two PDF reference guides – an accounting factsheet and a financial statements glossary - that can be used while taking the course and downloaded to your computer for future reference. FREE COURSES & CERTIFICATES Enroll in our FREE online courses and earn industry-recognized certificates to advance your career: ► Introduction to Corporate Finance: https://loom.ly/us5oJEw ► Excel Fundamentals: https://loom.ly/4KnYciU ► Accounting Fundamentals: https://loom.ly/xHJgJO4 ► Reading Financial Statements: https://loom.ly/2wrcPw8 ► Fixed Income Fundamentals: https://loom.ly/DZdjDA0 About Corporate Finance Institute: CFI is a leading global provider of online financial modeling and valuation courses for financial analysts. Our programs and certifications have been delivered to thousands of individuals at the world's top universities, investment banks, accounting firms, and operating companies. By taking our courses, you can expect to learn industry-leading best practices from professional Wall Street trainers. Our courses are extremely practical, with step-by-step instructions to help you become a first-class financial analyst. Explore CFI courses: https://courses.corporatefinanceinstitute.com/collections Join us on social media: https://www.instagram.com/corporatefinanceinstitute https://www.facebook.com/corporatefinanceinstitute.cfi https://www.linkedin.com/company/corporate-finance-institute-cfi #Accounting #AccountingCourse