Learn the Fundamentals of Accounting

What you will learn

Learn the fundamentals of accounting

Learn four kinds of accounting: bookkeeping, financial accounting, managerial accounting, and income tax accounting

Understand financial statements

Learn about assets, liabilities, and equity.

Understand the balance sheet


In this course you will learn the fundamentals of accounting. You will learn all about financial accounting, managerial accounting and income taxes. We’ll go over balance sheets, income statements, cash flow statements and the things you need to know.

This course delivers lessons and examples to build accounting skills. It guides students to learn how to read financial statements properly. We will go through some real-world examples and case studies.

By the end of this course, you’ll be able to understand and read the three most common financial statements: the income statement, balance sheet, and statement of cash flows. Then you can apply these skills to a real-world business setting.

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There is high demand for account professionals and the demand for accounting professionals currently exceeds the supply. If you’re interested in increasing your financial awareness while also gaining a marketable skill, this course is exactly for you.

Whether you’re a sole proprietor looking to manage your business finances or you simply want to gain an understanding of accounting basics for career advancement or for personal use, this course will give you a solid foundation in accounting. This course will help you understand the basic fundamentals of accounting and much more.





Understanding Accounting

What Is Accounting
Financial and Managerial accounting
Income tax

Financial Accounting: Balance Sheet

Who Uses Financial Statements
Accounting equation
Balance Sheet Example
Limitations of the balance sheet

Income Statement & Cash flow

Balance Sheet and Income Statement
Earnings per share
Income statement example
Statement of Cash Flow
Summary of financial reporting

Managerial Accounting

A look at managerial accounting
Product costing
Breakeven analysis
Performance evaluation

Understanding Taxes

Income tax history
Tax brackets
Average and marginal tax rates
Tax deductions and credits
Capital gains vs. ordinary income
Income tax summary