Class Central Tips
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.
