IIRF Online > Finance & Accounting > Accounting & Bookkeeping > Financial Accounting > Introduction to Financial Accounting
Introduction to Financial Accounting by Futurelearn
Refresh your knowledge of basic accounting processes and learn key accounting methods to help track your company’s performance.
Course Highlights
- Interpret companies’ transactions (e.g. financing, sale, acquisition of goods/services) through accounting numbers
- Appreciate the difference between book value of equity and market value of equity
- Assess the financial structure of a company and its implications on profitability
- Apply the double-entry bookkeeping system to record/verify transactions
- Discern between cash-based accounting and accrual-based income
Skills you will learn!
Curriculum
4 Topics
Introduction to the course
A view from the top: the financial reporting process
Getting closer to businesses: from transactions to numbers
Reviewing what you have learned
3 Topics
Summarising all transactions
Did the company do well? Assessing performance at the end of the year
Introducing the accounting identity
4 Topics
Unveling the accounting method: double entry bookkeeping system
The double entry bookkeeping system in action
Accounting adjustments with double entry bookkeeping
Reviewing what you have learned
4 Topics
Closing the books
The financial reporting package
Valuation approaches in accounting
Wrap Up farewell & end of course test
Introduction to Financial Accounting
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