Financial Accounting

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Keen to learn about recording and summarising financial transactions? Want to look at financial statements and understand the numbers you are seeing? Start learning today with this Financial Accounting course, where you'll be wowed with the comprehensive lessons taking you on a journey from double entry bookkeeping right through to preparing and interpreting a set of financial statements.

Financial Accounting is an important branch to the finance function of a business, without it the financial health and prospects of a business would not be determinable. This course delves deeper into the recording, processing, reporting and summarising of business transactions and events.

This course is especially beneficial if you want to:

• Equip yourself with the knowledge to undertake a role working as a junior within a financial accounting department
• Launch your own business and need an understanding of financial accounting
• Prepare for the ACCA's exam in Financial Accounting (FA)

There is no prior knowledge required. Start learning today and accelerate your business and finance acumen.

To check availability of this course in your country please click here.

Course update:

To coincide with syllabus changes coming into effect from 20th September 2023 onwards, ACCA-X will be releasing a new version of this course on 28th August 2023. This new version will include technical content and question updates relevant to the 2023/2024 syllabus.

It is therefore important to ensure you enrol onto the correct version of the course. Detailed syllabus information is available within the course and can also be found here

This course does not offer an edX certificate.

Those learners who would like to earn an award will have the opportunity to register with ACCA as a student, take computer based exams and gain the ACCA Diploma in Accounting and Business.

You can find your nearest ACCA exam centre on the ACCA website.

What you will learn

• Context and purpose of financial reporting
• Qualitative characteristics of financial information
• Use of double-entry and accounting systems
• How to record transactions and events
• How to prepare a trial balance (including identifying and correcting errors)
• How to prepare basic financial statements for incorporated and unincorporated entities
• How to interpret and prepare simple consolidated financial statements

Skills you learn

• Association Of Chartered Certified Accountants
• Finance
• Bookkeeping
• Management Accounting
• Financial Statements
• Financial Accounting
• Accounting

Auto Summary

Dive into the essentials of financial transaction recording and summarization with the Financial Accounting course, designed for aspiring business and finance professionals. This comprehensive program, offered through edX, covers everything from double-entry bookkeeping to the preparation and interpretation of financial statements, providing a solid foundation in financial accounting. This course is ideal for individuals aiming to: - Begin a career in a financial accounting department. - Launch and manage their own business with a clear understanding of financial principles. - Prepare for the ACCA's Financial Accounting (FA) exam. No prior knowledge is required, making it accessible for beginners eager to enhance their financial acumen. The course spans 13 weeks and is updated regularly to align with the latest syllabus changes, ensuring learners receive current and relevant information. The latest update will be available from August 28, 2023, reflecting the 2023/2024 syllabus. While this course does not offer an edX certificate, learners can pursue an ACCA Diploma in Accounting and Business by registering with ACCA, taking computer-based exams, and earning the award. Check out the ACCA website for information on exam centers. Enroll now to start your journey in financial accounting and boost your business and finance skills. Available through a professional subscription, this awareness-level course is perfect for those looking to make significant strides in their financial education.