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Financial Accounting Essentials

Learn the fundamentals of the balance sheet, income statement, cash flow statement, and financial statement analysis.

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Overview

What you’ll learn

This course will teach you how to construct an income statement, balance sheet, and cash flow statement from scratch. Following this, you will learn how to analyze companies with key ratios and metrics in our financial statement analysis section. Our lessons offer both theory and real-world exercises to practice your learnings. Throughout, we use the real financial statements of companies such as Microsoft and J.P. Morgan to replicate the type of work you may encounter as a working professional in accounting, investment banking, financial planning, and more.

60+ High Quality Lessons and Exercises

Downloadable Excel and PDF Files

Prepare Professional Financial Statements

Lifetime Access on Any Device

Student Profiles

Who are these courses for?

University Students

If you're a college student looking to secure an internship or full-time job in a top tier business, finance, or investment firm, these courses are for you.

Working Professionals

If you're a working professional looking to level up your technical career skills, these courses are for you.

Career Switchers

If you're looking to boost your technical skills to better your chances of switching into a business or finance role, this course is for you.

Build the three financial statements from scratch

Learn to record financial statement transactions to prepare the income statement, balance sheet, and cash flow statement for any company. Using Microsoft's real financial statements as an example, you'll see exactly how financial accounting is used in the real world.

Learn financial accounting with practical exercises on Excel

Our hands-on teaching combines both theory and practical exercises for you to test yourself and apply the concepts you've learned. From calculating the cash conversion cycle to building a depreciation schedule, you'll have plenty of Excel-based exercises to practice recording financial accounting transactions.

Level up your business & finance career

This course is specifically tailored to current or aspiring professionals in business and finance-oriented roles. This includes investment banking, financial planning & analysis (FP&A), management consulting, or strategy positions among others.

Course Curriculum

Module 1: Introduction to Financial Accounting
  • Course Overview
  • Glossary of Accounting Terminology
  • Accounting Cheat Sheets
  • Types of Accounting
  • Accounting Principles
  • Financial Reports (10K, 10Q, and more)
  • The Three Main Financial Statements
Module 2: The Income Statement
  • Income Statement Overview
  • Revenues
  • Cost of Goods Sold (COGS)
  • Gross Profit
  • Selling, General & Administrative (SG&A)
  • Depreciation
  • Depreciation Methods
  • Amortization
  • Interest Expense and Interest Income
  • Net Income and Earnings Per Share (EPS)
  • Case Study: Build an Income Statement
Module 3: Balance Sheet Essentials
  • Balance Sheet Overview
  • Double Entry Accounting & T-Accounts
  • Income Statement & Balance Sheet Link
  • Balance Sheet Transactions Exercise
Module 4: Balance Sheet Assets
  • Cash & Cash Equivalents
  • Accounts Receivables
  • Prepaid Expenses
  • Inventory Part 1 (Theory)
  • Inventory Part 2 (Practical Exercise)
  • Property, Plant & Equipment (PP&E)
  • PPE Exercise
  • Intangible Assets
  • Goodwill
  • Other Long-Term Assets
Module 5: Balance Sheet Liabilities
  • Liabilities Overview
  • Accounts Payable & Notes Payable
  • Accrued Expenses
  • Deferred / Unearned Revenue
  • Short and Long-Term Debt
Module 6: Balance Sheet Shareholders' Equity
  • Equity Overview
  • Preferred Stock & Treasury Stock
  • Case Study Part 1: Build an Income Statement
  • Case Study Part 2: Build a Balance Sheet
Module 7: Cash Flow Statement
  • Cash Flow Statement Overview
  • Direct vs Indirect method
  • Cash Flow from Operating Activities
  • Cash Flow from Operations Exercise
  • Cash Flow from Investing Activities
  • Cash Flow from Financing Activities
  • Linking the Three Financial Statements (Interview Question)
  • Preparing a Cash Flow Statement
Module 8: Financial Statement Analysis
  • Financial Statement Analysis Overview
  • EBIT and EBITDA
  • Profitability Ratios
  • Profitability Ratios Exercise
  • Liquidity Ratios
  • Activity Ratios
  • Activity Ratios Exercise
  • Leverage Ratios
  • Ratio Detective Exercise
Module 9: Case Study
  • Case Study Overview & Instructions
  • Income Statement Part 1
  • Income Statement Part 2
  • Balance Sheet
  • Cash Flow Statement
  • Financial Statement Analysis
Get Certified!

Impress recruiters with your resume

Upon completion of all course lessons, you will receive a digital certificate with your credentials. Furthermore, you can add it to your LinkedIn to show your skills to recruiters!

career principle certificate
Testimonials

What our students say

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Our Students Now Work At

Instructors

Meet Your Instructors

Kenji Farre

Senior Instructor
Hey there, I’m Kenji, a Cornell University graduate and Microsoft MVP with work experience at companies like Amazon, Goldman Sachs, and PwC. Over the past year, our tutorials have helped 15M+ people level up their Excel, Business, and Data skills. I know exactly where the pain points are -I’ve lived them myself. Looking forward to getting started!
Course Pricing

Learn the skills you need to advance your career

Select the course or bundle that works best for you

Financial Accounting Essentials
Single Course
Was:
$149.00
Includes:
  • {yes} Access to Full Financial Accounting Course
  • {yes} Step-by-Step Video Lessons with Real-World Examples
  • {yes} Financial Statement and Ratio Analysis
  • {yes} Case Study Exercises on Excel to Practice
  • {yes} Course Completion Certificate
  • {yes} Downloadable Glossary and Cheat Sheets
  • {no} Access to LBO Modeling Course
  • {no} Access to M&A Modeling Course
  • {no} Access to Excel Course
  • {no} Access to Finance & Valuation Course
Get started
Bundle
Was:
Includes:
Get started
The Investment Banking Program
Career Track
Was:
$499.00
Includes:
  • {yes} Access to Full Financial Accounting Course
  • {yes} Step-by-Step Video Lessons with Real-World Examples
  • {yes} Financial Statement and Ratio Analysis
  • {yes} Case Study Exercises on Excel to Practice
  • {yes} Course Completion Certificate
  • {yes} Downloadable Glossary and Cheat Sheets
  • {yes} Access to LBO Modeling Course
  • {yes} Access to M&A Modeling Course
  • {yes} Access to Excel Course
  • {yes} Access to Finance & Valuation Course
Get started

FAQs

Frequently Asked Questions

Do I need previous knowledge of accounting?

You don't need any previous knowledge of accounting or business concepts whatsoever. We start from the basics and all you need is a computer with Microsoft Excel and a willingness to learn!

What if I get stuck? Can I ask questions about the content?

Absolutely! You will have access to the instructors to ask anything about the course content using the discussions forum in each lesson.

How long will I have the course materials for?

You will have lifetime access to the lessons and materials. The course can be taken on both smartphone and computer.

Can I download the Excel files and templates?

Yes! All the Excel files, templates, and PDFs are available for download.

More questions?

For any other general inquiries, please contact us at info@careerprinciples.com