Learn the basics of preparing accounting statements

Learn about financial accounting and statements using practical transactions based illustrations
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1,947 students enrolled
Instructed by Skillfin Learning Business / Finance
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  • Lectures 20
  • Length 33 mins
  • Skill Level Intermediate Level
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
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About This Course

Published 10/2015 English

Course Description

This course is about financial accounting and statements. At the end of the course, students will be able to have a clear understanding about the different financial statements and how to record transactions in a practical transaction. There are 5 key sections in this course which are as follows:

1) What is accounting?

2) Why do we need accounting?

3) What are the basic financial accounting statements?

4) How do we record transactions?

5) What after accounting?

The concepts in the course is taught through some illustrations of practical transactions. We take a look at each transaction and see its impact on the financial statements.

After this course, you should be able to have a deep learning about financial statements that will be useful to you in front of your clients to talk intelligently about financial transactions. Also this is useful for you to help crack interviews for finance roles.

So dont wait and sign up for this course from Skillfin Learning.

Happy learning

What are the requirements?

  • Nothing. We have designed this course in a very simple and intuitive manner. Just follow the screen.

What am I going to get from this course?

  • do basic financial accounting. Students will find this course useful to prepare financial statements of a company in a fairly simple manner to be able to analyze the business better.

Who is the target audience?

  • This course is designed specifically for students (especially with non finance backgrounds) who are new and are clueless about financial accounting. The course is also useful for early tenured analysts who are in their first corporate finance job. Since the course is basic, it will not be useful if you are looking for very advanced level accounting standards understanding.

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.


Section 1: Basics of financial accounting
Introduction - what are we going to learn today?
What is accounting?
Why do we need accounting?
What are the basic accounting statements - income statement?
What are the basic accounting statements - balance sheet?
How to record transactions in accounting statements?
Illustration of transaction 1
Illustration of transaction 2
Illustration of transaction 3
Illustration of transaction 4
Illustration of transaction 5
Illustration of transaction 6
Illustration of transaction 7
Illustration of transaction 8
Illustration of transaction 9
Illustration of transaction 10
Practice exercise
What after accounting?
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Instructor Biography

Skillfin Learning, Learn from the experts in financial modeling and analytics

Hey there, welcome to our online courses.

Skillfin Learning is a group of corporate finance and business analytics professionals who have extensive experience and world class expertise in practical financial modeling applications in real world. We have been associated with large consulting and financial services organizations and understand the content requirement from analysts/professionals who can excel in this field. Our aim is to spread the learning in financial modeling and business analysis skills to whoever is keen to learn.

Our courses are comprehensive to impart skills around financial modeling and analytics i.e. excel, financial analysis and valuation. All our courses are practical and illustrations based that gives an on the job like training to our students. 

We remain committed to help you in your professional learning experience and development. You have access to our expertise 24 x 7 on all the courses you subscribe to.

Our courses are listed below. Look forward to seeing you inside.

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