Introduction to Financial Accounting

Learn the fundamentals and building blocks of the accounting process

4.44 (4819 reviews)

Udemy

platform

English

language

Accounting & Bookkeeping

What you will learn

Explain the format of the income statement and balance sheet

Define various financial statement terms (e.g. accounts receivable, prepayments, etc.)

Record financial statement transactions (e.g. invoicing, raising equity, buying inventory, etc.)

Prepare a simple income statement and balance sheet

Outline the format of the cash flow statement

Explain the difference between profit and cash

Prepare a simple cash flow statement using the balance sheet and income statement

Course Gallery

Introduction to Financial Accounting – Screenshot 1 — Screenshot 1 – Introduction to Financial Accounting

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Introduction to Financial Accounting – Screenshot 3 — Screenshot 3 – Introduction to Financial Accounting

Introduction to Financial Accounting – Screenshot 4 — Screenshot 4 – Introduction to Financial Accounting

Charts

Students

Price

Rating & Reviews

Enrollment Distribution

Comidoc Review

Our Verdict

This Udemy course provides comprehensive coverage of accounting fundamentals, equipping learners with the necessary tools to understand financial statements. The detailed examples and exercises serve as valuable reinforcements in learning; however, some users may find initial quizzes and exercises confusing due to the sequencing of information. Moreover, certain concepts could be introduced earlier for a smoother experience. Nevertheless, this course is an excellent starting point for those with no finance background or seeking a refresher on accounting basics.

What We Liked

Coverage of accounting fundamentals from basics to cash flow statements
Detailed examples and exercises to reinforce understanding
Simple, crisp, and easy-to-follow content for non-finance background individuals
Effective learning with multiple quizzes and assessments

Potential Drawbacks

Quizzes and exercises may initially seem confusing without complete information
Some concepts could be introduced earlier to avoid confusion in exercises
Voice can be perceived as monotonous for extended listening periods
Lacks clear separation between narrators for user preference