Basic Accounting (Free Online Course With Certificate)
Alison Free Online Learning
Key Information
Campus location
Online
Languages
English
Study format
Distance Learning
Duration
3 - 4 hours
Pace
Full time, Part time
Tuition fees
Request info
Application deadline
Request info
Earliest start date
Request info
* free online course
Scholarships
Explore scholarship opportunities to help fund your studies
Introduction
This course provides the building blocks of accounting and employs innovative business simulations to explain concepts like revenue, costs, assets and liabilities. We show you how the ‘accrual’ principle creates a fundamental difference between profit and cash flow and how double-entry bookkeeping ensures that the ledger is always balanced. This course covers financial statements, accounting terminology and more.
This is a free online course with a certificate. Interested? Simply click the button and start today.
This Free Online Course Includes:
- 3-4 Hours of Learning
- CPD Accreditation
- Final Assessment
Alison Certificates
All Alison courses are free to enrol, study and complete. To successfully complete this Certificate course and become an Alison Graduate, you need to achieve 80% or higher in each course assessment. Once you have completed this Certificate course, you have the option to acquire an official Diploma, which is a great way to share your achievement with the world.
Your Alison Certificate is:
- Ideal for sharing with potential employers
- Include it in your CV, professional social media profiles, and job applications.
- An indication of your commitment to continuously learn, upskill & achieve high results.
- An incentive for you to continue empowering yourself through lifelong learning.
Alison offers 3 types of Diplomas for completed Diploma courses:
- Digital Certificate: a downloadable Certificate in PDF format immediately available to you when you complete your purchase.
- Certificate: a physical version of your officially branded and security-marked Certificate, posted to you with free shipping.
- Framed Certificate: a physical version of your officially branded and security-marked Certificate in a stylish frame, posted to you with free shipping.
Gallery
Scholarships and Funding
Curriculum
This course is accredited by the Chartered Institute of Management Accountants (CIMA). We believe that the best way to learn is through genuine understanding and experience, which is why we present a set of ground-breaking visualization models that explain accounting transactions and balances using the analogy of water pipes and tanks. These help you to develop an intuitive understanding of how accounting works as a simple, connected system.
The models used in this course are used by leading universities to help their students understand financial concepts. This course assumes no prior knowledge and gradually introduces all the building blocks of accounting such as revenue, costs, assets, liabilities and equity through a series of ground-breaking business simulations and case studies.
We show you how the ‘accrual’ principle creates a fundamental difference between profit and cash flow and how double-entry bookkeeping keeps ledgers balanced. Such lessons help you to get comfortable with financial statements and terminology. Whether you are completely new to finance or simply want an engaging refresher, this course provides an intuitive understanding of accounting. Sign up to take control of your personal or business finances.
Module 1
The Accrual Principle
In this module, you will start at the very beginning and learn how the accrual principle creates a fundamental difference between revenue and cash receipts. The accrual principle is the reason that accounting requires estimation and judgement rather than just the process of recording transactions.
Module 2
Revenue and Cash
In this module, you will learn the concepts of accounting transactions and balances. You will use the first interactive model to explore the relationship between revenue, the receivables balance and cash flow.
Module 3
Assets and Liabilities
In this module, you will use another interactive model to explore how the timing difference between incurring costs and paying for them creates a payables balance. You will learn that assets and liabilities are different types of accounting balances and understand how they are created.
Module 4
Equity
In this module, you will use another interactive model to explore what the profit and loss account is. You will learn about the concept of equity. You will understand why the balance sheet always balances due to double-entry bookkeeping.
Module 5
Financial Statements
This topic introduces the format of the 3 main financial statements: the profit and loss statement, balance sheet and cash flow statement. You will learn what information is contained in each statement and how the different financial statements are connected. You will learn techniques such as simple trend and profitability analysis in order to interpret financial information.
Module 5
Course assessment
Program Outcome
What You Will Learn In This Free Course
- Explain financial principles, statements and terminology
- Identify accounting transactions and balances and explain how they interact through debits and credits
- Establish how the ‘accrual’ principle creates a fundamental difference between profit and cash flow
- Navigate the links between profit, cashflow and the balance sheet
- Interpret and analyze key financial statements
- Employ the ‘fundamental accounting equation’ and explain its consequences
- Calculate profitability ratios and explore their implications
Complete This CPD Accredited Course & Get Your Certificate!
Certify Your Skills
A CPD-accredited Alison Diploma/Certificate certifies the skills you’ve learned.
Stand Out From The Crowd
Add your Alison Certification to your resume and stay ahead of the competition.
Advance in Your Career
Share your Alison Certification with potential employers to show off your skills and capabilities.
Career Opportunities
Careers related to this course:
- Management Accountant
- Accounting Associate
- Public Accountant
- Financial Accountant
- Chartered Accountant
- Cost Accountant
- Accountant
- Chief Revenue Officer
- Account Manager
- Financial Analyst
- Equity Analyst
- Personal Financial Planner
- Bank Teller
- Budget Analyst
- Loan Officer
- Loan Processor