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This introductory course builds a foundation in recording, organizing and reporting financial information. It defines core terms like assets, liabilities, equity, revenue and expenses, and explains the difference between cash and accrual accounting.
You learn to read the three main statements, using sample statements for context: the balance sheet, the income statement and the cash flow report. The course also covers financial ratios, their formulas and what they show about performance, and explains why accrual accounting is widely used.
By the end you should be able to interpret statements, calculate key ratios and understand business performance, which gives a solid base for accounting, finance or business roles.
This free accounting and finance course helps you build a clear foundation in how businesses record, organize, and report financial information. You will learn key accounting terms such as assets, liabilities, equity, revenue, and expenses, as well as the difference between cash and accrual accounting. The course also explains why accrual accounting is widely used, helping you understand how business activity is tracked more accurately over time.You will also learn how to read the three main financial statements, the balance sheet, income statement, and cash flow statement, using sample statements for better context. The course also covers financial ratios, including their formulas and what they reveal about a company’s performance. By the end of this introduction to financial accounting course, you will be able to interpret financial statements, understand business performance, calculate key ratios, and build a stronger base for accounting, finance, or business roles.
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