Free Financial Accounting Course
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This course builds on foundational accounting knowledge and provides an in-depth understanding of financial accounting standards, reporting frameworks, and advanced accounting methods. Students will learn to prepare complete financial statements, analyse financial information to assess profitability and financial position, and apply accounting software for recording transactions and generating reports. The course emphasises adherence to applicable accounting standards (IFRS/IAS) and the evaluation of accounting methods to ensure accurate financial reporting.
Course Details
Instructor
Course Catagory
Duration
48 Hours
Type
Self Guided
Course Content
| Financial Accounting Orientation |
| Case Study 1: Business Idea to Trial Balance |
| Case Study 2: Trial Balance to Adjusted Trial Balance |
| Case Study 3: Adjusted Trial Balance to Post-Closing Trial Balance |
| Final Accounts (Without Adjustments) |
| Final Accounts (With Adjustments) |
| Cost of Goods Sold |
| Accounting Principles & Standards |
| Financial Statement |
| Cash Flow Statement (I) |
| Cash Flow Statement (II) |
| IAS 2 Inventory |
| Accounting for Depreciation |
| Formation of Partnership |
| Profit and Loss Appropriation Account |
| Partnership Capital Accounts |
| Admission of Partner |
| Accounting for Goodwill (I) |
| Accounting for Goodwill (II) |
| Joint Stock Company |
| Accounting for Share Capital (I) |
| Accounting for Share Capital (II) |
| Company Final Accounts |
| Financial Statement Analysis |
| Incomplete Records |
| Non-Trading Concerns |
| Joint Venture |
| Bill of Exchange |
Recommended Books
Financial Accounting: IFRS Edition, Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Wiley, 2023
Financial Accounting: An Introduction, Pauline Weetman, Pearson, 2022
ACCA F7 Financial Reporting Study Text, BPP Learning Media, Kaplan, 2023
CFA Level 1 Financial Reporting and Analysis Guide, CFA Institute, CFA Institute Publications, 2023
IFRS / IAS Standards, IFRS Foundation, IFRS Foundation Publications, 2023
Prerequisite
Principles of Accounting is a prerequisite for the Financial Accounting Course.
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Depreciation, Final Account,
Partnership