8 Free Accounting Courses Online With Certificate

The objective of this article is to present to the viewers “Free Accounting Courses Online with Certificate”, in a consolidated form in order for the interested people to save their precious time and valuable energy.



 
To run a business successfully, one needs to be familiar with the language of business first, especially for the purpose of proper communication. That language is nothing but Financial Accounting which needs to be used by the business people to convey the financial and economic status of the company to the stakeholders such as shareholders, creditors, vendors, buyers, bankers, employees, statutory authorities etc. Financial Accounting is a concept which, regardless of the size and nature of the company is used for communicating the financial status to the concerned people in order to make them enable to take appropriate business decisions based on the input provided, with respect to the financial health of the business. Financial Accounting is also so important in business, as it is the most reliable yardstick to be used to measure and evaluate the performance of the firm and to take corrective measures from time to time in case of deviations and discrepancies. The success of any business mainly lies with the company’s ability to provide the updated information as and when required by the stakeholders. This will materialize only if the people involved in core activities are equipped with the relevant knowledge. No one is supposed to do business without the knowledge of Financial Accounting, which otherwise is something that can be analogized to a person walking blindfolded and can possibly lead to yielding undesirable results. As far as the Financial Accounting is concerned, the added advantage is that the rules and the method of analysis remain the same for all businesses irrespective of the nature. Due to this particular aspect, the business people have a feel of comfortability when the question of analysis which pavs way for a thorough understanding of the strengths and weaknesses and comparison with similar competitors, arise. The only thing that is needed is inquisitiveness to learn and the determination to implement the concept.



 
In this article, few of the free Financial Accounting courses that are provided online are collected and furnished hereunder with a view to lessening the burden of the interested viewers. Come on viewers, please go through and reap the benefits.



 

1. Financial Accounting Fundamentals

This free course “Financial Accounting Fundamentals” is offered by the University of Virginia through Coursera.

Duration: 5 Weeks of study @ 1 -3 hours per week

Level: This course is meant for Beginners who are interested in learning the fundamentals of financial accounting. Previous experience in accounting is not necessary.

Language: English

Certificates: Earn official recognition for your work, and share your success with friends, colleagues and employers.

Course description:

This course is all about introducing the fundamentals of financial accounting. Teaching will be carried out using videos, financial records and “your turn” activities ultimately leading you to understand and prepare the three most commonly used financial statements viz, the Balance Sheet, the Income Statement and the Statement of Cash Flows and based which how to draw conclusions about the financial health of the company.

By the end of the course, you will be able to:

  • Use journal entries to record tractions
  • Prepare and use T- accounts for an accounting period
  • Describe the three commonly used financial statements and how they fit together
  • Prepare financial statements for an accounting period and draw conclusions about a company’s financial health

This course is taught over a period of 5 weeks and the topics that would be taken up in each week is furnished hereunder.

Week 1: Introduction to Financial Accounting, the Financial Statements and the Balance Sheet
Week 2: Introduction to Recording Transactions
Week 3: The Income statement, Revenue and Expense Transactions and Adjusting Entries
Week 4: The Statement of Cash Flows and Financial Statement Preparation
Week 5: Transactions Analysis of Financial Statements and Annual Report



 

2. Introduction to Financial Accounting

This free course “Introduction to Financial Accounting – ” is offered by the University of Pennsylvania through Coursera.

Duration: 4 Weeks of study @ 5- 6 hours per week

Level: Intermediate

Basic information: Course 2 of 6 in the Business Foundations Specialization

Language: English

Subtitle: Japanese and Chinese ( simplified)

Certificates: Earn official recognition for your work and share your success with friends, colleagues and employers.

Course description:

This course will help you acquire technical skills that are required to analyse financial statements and disclosure for use in financial analysis. You will also learn how accounting standards and managerial incentives make an impact on reporting process pertaining to financial matters.

You will be provided with an overview of financial reporting and introduced to the Balance Sheet Equation, Define Assets, Liabilities and Stockholders’ Equity, Debit- Credit bookkeeping, a case of startup company etc. Finally, you will learn how to distinguish and discuss the aspects such as Earnings, Cash from Operations, Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA), Free Cash Flow etc.

By the end of the course, you will be able to:

  • Read the three most common financial statements viz, the Income Statement, Balance Sheet and Statement of Cash flows.
  • Apply these skills to a real-world business challenge as part of the Wharton Business Foundations Specialization.

The course is covered over a period of 4 weeks and the topics taken up during each week are furnished hereunder.

Week 1: Introduction and Balance Sheet
Week 2: Accrual Accounting and the Income Statement
Week 3: Cash Flows
Week 4: Ratio Analysis and Final Exam

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3. More Introduction to Financial Accounting

This free course “More Introduction to Financial Accounting – ” is offered by the University of Pennsylvania through Coursera.

Duration: 6 Weeks of study @ 6 -8 hours per week

Level: Intermediate

Language: English

Certificates: Earn official recognition for your work, and share your success with friends, colleagues and employers.

Course description:

The content of this course is in continuation of the previous course “Introduction to Financial Accounting”. This will enable you to gain knowledge on how to read, understand and critically analyze the information contained in the financial statements given by various companies which are the basic skills required for better decision- making by utilising the information provided.

The course will be conducted for a period of 6 weeks. Furnished here under are topics covered week wise.

Week 1: Introduction and Working Capital Assets
Week 2: Long-lived Assets and Marketable Securities
Week 3: Liabilities and Long-Term Debt
Week 4: Deferred Taxes
Week 5: Shareholders Equity
Week 6: Financial Statement Analysis

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4. Financial Accounting: Foundations

This free course titled” Financial Accounting: Foundations ” is offered by the University of Illinois at Urbana-Champaign through Coursera.

Duration: 4 Weeks of study @ 4 -6 hours per week

Level: Intermediate

Basic information: This Course is 1 of 7 in the Financial Management Specialization

Language: English

Certificates: Earn official recognition for your work and share your success with friends, colleagues and employers.

Course content:

This course will give you an overview of financial accounting information and the main financial statements. You will learn about coding financial transactions in the language of financial accounting and also the most important concept known as accrual accounting. You will be taught on analyzing how companies recognize revenues and account for short-term assets with an emphasis on firms accounting for receivables and inventories.

At the end of the course, you will be able to :

  • Understand the main financial statements and the financial information provided by the companies
  • Write a financial transaction in the language of financial accounting and the consequent impact on main financial statements
  • Understand how accrual accounting and fundamental accounting concepts work
  • Understand revenue recognition principles and how they impact main financial statements
  • Account for accounts receivable and inventories

The week wise details of the course offered in 4 weeks are furnished hereunder.

Week 1: Introduction to Financial Accounting
Week 2: Recording Transactions and Financial Statement preparation
Week 3: Fundamental Accounting Concepts and Revenue Recognition
Week 4: Short-Term Assets

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5. Accounting: Principles of Financial Accounting

This free course titled “Accounting: Principles of Financial Accounting ” is offered by IESE Business School of the University of Navarra through Coursera.

Duration: 4 Weeks of study @ 2- 4 hours per week

Level: This course is meant for those who are graduated recently and at the verge of beginning their career. This is more suitable for managers, entrepreneurs etc who do not have knowledge and understanding about basic accounting concepts on the job.

Basic information: This Course is 1 of 5 in the Foundations of Management Specialization

Language: English

Certificates: Earn official recognition for your work and share your success with friends, colleagues and employers.

Course Content:

In this course, “Accounting: Principles of Financial Accounting”, you will understand the importance of having proficiency in the Accounting Language. You will be introduced to two important financial reports viz, Balance Sheet Report and the Income Statement. You will also learn how to account for a variety of transactions and what cash flow statement is.

Upon completion of this course, you will be in a position to:

  • Read and interpret financial statements for analyzing business and decision -making
  • Possess the conceptual base to keep learning more sophisticated accounting and finance on your own
  • Master how to recognize the transactions
  • Understand the Cash Flow Statement, the third financial report and discuss liquidity
  • Understand the difference between Liquidity and Profitability
  • Become familiar with T- accounts and gain insight into the purpose of cash flow report
  • Discuss the difference between accrual and cash accounting and also read and interpret a real enterprise’s financial statements.

The week wise details of the course offered in 4 weeks are furnished hereunder

Week 1: Introduction to Accounting – The Balance Sheet
Week 2: The Income Statement
Week 3: The Cash Flow Statement
Week 4: Accrual Accounting

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6. Formal Financial Accounting

This free course titled” Formal financial Accounting ” is offered by the University of Illinois at Urbana-Champaign through Coursera.

Commitment: 4 Weeks @ 3 – 5 hours per week

Level: This is an intermediate course which is aimed at introducing to formal foundations of financial accounting, to those learners who have basic knowledge about financial statements and main accounts.

Language: English

Certificates: Earn official recognition for your work and share your success with friends, colleagues and employers.

Course Content:

This course gives you an opportunity for understanding formal relationships among accounts and from which how financial statements are formed. This also introduces you to formal foundations of financial accounting wherein you will get acquainted with the related technical terms such as debit, credit, T- accounts etc that are essential to understand advanced topics in accounting. You will get a clear understanding of balance sheet, a major component of assets of which accounts receivable, inventories, plant property and equipment constitute a major part. The knowledge gained in this course will guide you to understand how these accounts change over time, their valuation and their usefulness in decision making in a managerial capacity. They will get you clarity on two important accounting terminologies, namely liabilities and equity which will help you understand how formal financial accounting for liabilities and shareholders’ equity are performed.

The syllabus is covered over a period of 4 weeks under 4 modules @ one module per week, as per the details furnished hereunder.

Module 1: Introduction to Financial Accounting Terminology
Module 2: Formal Financial Accounting for Assets
Module 3: Formal Financial Accounting for Liabilities and Shareholders’ equity
Module 4: Applications of Formal Financial Accounting

7. Accounting and Finance for IT Professionals

This free course titled “Accounting and Finance for IT Professionals” is offered by the Indian School of Business through Coursera.

Duration: 4 Weeks

Basic: Course 3 of 6 in the Business Technology Management Specialization

Level: This course is designed for Beginners.

Language: English

Certificates: Earn official recognition for your work and share your success with friends, colleagues and employers.

Course content:

This course titled “Accounting and Finance for IT Professionals” aims at providing an introduction to the basics of accounting and finance to IT professionals which consists of two parts. In the first part, you will learn in detail about three important financial statements viz, the Balance Sheet, the Income Statement and Statement of Cash Flows. You will be able to assess and understand the company’s financial health and performance based on those statements. In the second part, you will be taught the basics of finance such as the concept of time value of money, discounting cash flows, capital budgeting etc. The idea of real options and the possible impact on Net Present Value ( NPV) with respect to projects will also be taught supported by live case studies.

The syllabus is furnished hereunder.

Week 1: Basics of Financial Statements
Week 2: Financial Statement Analysis
Week 3: Capital Budgeting Time Value of Money
Week 4: Capital Budgeting

8. Financial Accounting: Advanced Topics

This free course titled ” Financial Accounting: Advanced Topics ” is offered by the University of Illinois at Urbana-Champaign through Coursera.

Duration: 4 Weeks @ 4 – 6 hours / week

Basic: Course 2 of 7 in the Financial Management Specialization

Level: This course is designed for intermediate people.

Language: English

Certificates: Earn official recognition for your work and share your success with friends, colleagues and employers.

Course content: In this course, advanced topics will be covered in financial accounting which includes accounting for assets with more than one year life, how to account for fixed assets, accounting for liabilities, detailed analysis of shareholders’ equity, evaluation of preparation and components and analysis of cash flows statement.

After completion of this course, you will be capable enough to:

  • Account for Fixed Assets
  • Understand accounting for Liabilities
  • Evaluate shareholders’ equity section of a balance sheet
  • Understand preparation and information provided by cash flows statement.

Course Syllabus:

Module 1: Long-Term Assets
Module 2: Liabilities
Module 3: Shareholders’ equity
Module 4: Cash Flows Statement




Conclusion:

Financial Accounting is one discipline of which every person, be it a proprietor, manager, engineer, clerk or a helper is bound to have basic knowledge. It’ s not that only those people who are qualified for Business Administration or a businessman have to acquire the knowledge and skill in accounting but more so it’s very much essential for people coming from other streams of operation also, as a basic requirement to be fulfilled from an employment point of view. More importantly, executives who are assigned jobs in all key areas such as finance, production, administration, stores, projects etc are expected to become more and more familiar with the technical terms used in Financial Accounting and to fully understand its significance at the entry level itself. Now -a – days, the number of youngsters who show a keen interest in choosing accounting as their career is on the rise, just because now such a situation has emerged in the competitive business world as there is no accounting, there is no business. Under this context, it’s high time for the viewers to raise the occasion.

ALL THE BEST

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