Refresh your knowledge of basic accounting processes and discover recent changes in International Financial Reporting Standards.
Develop your pre-existing accounting skills and knowledge
On this course, you will discover how the decisions and operations of an organisation are translated into numbers. You will cover fundamental financial accounting concepts to help you develop in your accounting career or prepare yourself for more advanced study.
This course features a range of conceptual and practical activities. You will understand the different purposes of accounting information, the role of accruals, and learn how to read financial statements. You will also address myths of accounting and separate fact from fiction.
What topics will you cover?
- The accounting cycle: translating companies’ operations and decisions into numbers.
- Understanding accounting as the language of business: users of accounting information and its different purposes.
- The role of the accounting equation in ensuring recording integrity and keeping track of the transactions.
- The role of accruals in making sense of financial accounting information.
- The package of Financial Statements: balance sheet, income statement and cash flow statement.
- Debunking myths about accounting as a fact: the role of valuation, assumptions and forecasts.
- Reading and interpreting financial statements with a ‘sceptical’ eye.
When would you like to start?
Most FutureLearn courses run multiple times. Every run of a course has a set start date but you can join it and work through it after it starts.
- Available now
What will you achieve?
By the end of the course, you‘ll be able to:
- Interpret companies’ transactions (e.g. financing, sale, acquisition of goods/services) through accounting numbers.
- Assess the financial structure of the company and its implications in terms of profitability.
- Appreciate the difference between the book value of equity and market value of equity.
- Apply proficiently the double-entry bookkeeping system to record/verify transactions and accounting.
- Discern between cash-based accounting and accrual-based income.
Who is the course for?
The course is designed for those who have already completed an introductory course in financial accounting and need to refresh their understanding. It will suit those looking to take an intermediate or advanced financial accounting course in the future, dealing with business groups, M&A, and consolidation.
Junior professionals (e.g. Chartered Accountants and Certified Financial Accountants) can also familiarise with recent changes in International Financial Reporting Standards.
Who will you learn with?
I teach introduction to financial accounting courses since 2007 and I enjoy it thoroughly. Beyond teaching, my research interests span across company disclosure and corporate governance.
I teach financial accounting both at the introductory and more advanced level. Currently, my research interests revolve around different topics: from corporate tax avoidance to criminal firms.
Trang H. Dao
I am a PhD candidate in Financial Accounting at the University of Padova. My research focuses on the role of accounting rules and discretion in financial stability and banking supervision.
Who developed the course?
University of Padova
The University of Padova is one of Europe’s oldest and most prestigious seats of learning; it aims to provide its students with both professional training and a solid cultural background.
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