Understanding the basics of accounting is a crucial skill for almost all finance professionals as it gives us insight into profitability, operations, growth, and the underlying drivers of the business. The Accounting Fundamentals course covers the importance of the financial statements and various financial statement terms. We will record transactions and prepare an multi-year income statement, balance sheet, and cashflow statement.
Accounting Fundamentals Learning Objectives
• Understand the role and importance of the financial statements.
• Define various financial statement terms
• Explore the format of the income statement, balance sheet, and cash flow statement.
• Record financial statement transactions.
• Understand how transactions move through the financial statements.
• Prepare simple financial statements.
This course is designed for anyone who wants to review the fundamentals and building blocks of the accounting process. It will also be useful for professionals who work in finance and want to review the concepts required for financial modeling and valuation in CFI's later courses.
Status: Financial Modeling
Financial Modeling
Status: Income Statement
Income Statement
Beginner·Course·7 hours
Featured reviews
5.0
·Reviewed Apr 25, 2026
Like the style and vocabulary used to explain the details for learning.
5.0
·Reviewed Jul 31, 2025
This course is really helpfull, I gain new knowledges and skills from this course. Thank you!!!
5.0
·Reviewed Oct 1, 2025
such an easy, clear and precise wayfor beginners to know about Fin Statements.
5.0
·Reviewed Sep 6, 2024
Thanks a lot for this course. I review my first year in university.
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Showing: 18 of 18
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V
Vijay
5.0
·Reviewed Dec 8, 2024
Must have refresher for Finance professionals. To the point and accurate explanations with more than enough assignment to practice Financial accounting segment along with key shortcuts to simplify and expedite calculations are cherry on top.
K
Kathy
5.0
·Reviewed Apr 21, 2026
Very easy to understand and has real world usage. Used excel for practice exercises. Very practical and less fluff. Not too academic like other accounting fundamentals from other universities.
K
Kikit
5.0
·Reviewed Jul 31, 2025
This course is really helpfull, I gain new knowledges and skills from this course. Thank you!!!
B
Bashir
5.0
·Reviewed Oct 2, 2025
such an easy, clear and precise wayfor beginners to know about Fin Statements.
Y
Yurmily
5.0
·Reviewed Apr 25, 2026
Like the style and vocabulary used to explain the details for learning.
H
ha
5.0
·Reviewed Sep 7, 2024
Thanks a lot for this course. I review my first year in university.
A
Anel
5.0
·Reviewed Nov 6, 2024
Supreme Course for freshing up the Accounting Skills
Z
Zoreslava
5.0
·Reviewed Aug 1, 2025
good! concise ant to the point!
M
Maaz
5.0
·Reviewed Nov 23, 2025
This is very useful for me
S
SAING
5.0
·Reviewed Mar 10, 2025
Best course ever
D
Deleted
5.0
·Reviewed Feb 7, 2025
Recognizable
R
ROCHAK
5.0
·Reviewed Sep 14, 2025
Very good
S
Sergio
5.0
·Reviewed Jun 3, 2025
Excellent
K
Kiran
5.0
·Reviewed Aug 13, 2025
amazing
W
WAZAN
5.0
·Reviewed Nov 25, 2025
Thanks
A
Amal
5.0
·Reviewed Jul 22, 2025
good
J
josh
4.0
·Reviewed Nov 3, 2025
Thought was helpful, liked the format of longer videos compared to the last course as well as the hands on learning aspect with physically constructing spreadsheets to learn basics on financial statements. Took as a top up of current knowledge but feel like it would be a fantastic way to learn from 0 or close to 0 knowledge.