Looking for a Course on Accounting Fundamentals? Try this CFI Program

30 December 2022

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Course Overview

Accounting Fundamentals by CFI is a free 2-part Accounting Fundamentals course that will help you understand the accounting process. Here, you will explore the layout of the balance sheet, income statement, and cash flow statement. This course covers all the fundamentals of financial accounting, so you will be taught how to prepare financial statements from scratch.

This free accounting course teaches essential skills for performing financial modeling and other Wall Street financial analysis types. Moreover, you would also learn to record financial statement transactions (for example, invoicing, raising equity, buying inventory, etc.). There are no prerequisites required for taking this course.

Some of the potential competencies you develop undergoing this curriculum are Business Accounting, Cost Accounting, Advanced Accounting, and Financial Accounting, along with fundamentals of accounting principles. The instructor is interactive by nature and explains lessons elaborately.

"Upon course completion, I could easily interpret each and every terminology in the financial statements, maintain balance sheets with ease, and record financial statement transactions (e.g. invoicing, raising equity, buying inventory, etc.)."

- Shashank Agarwal

Course Structure

The course duration is 2.5 hours and is tagged as a beginner course. The online lecture is self-paced, whereas the offline class is instructor-paced. The teaching pace of the instructors was comfortable for all the learners. The course commences with the basics concerning the layout of the balance sheet, income statement, and cash flow statement.

In this course, the preparation of financial statements from scratch will be demonstrated to you. This free accounting course is essential training for performing financial modeling and other types of Wall Street financial analysis. Moreover, you would also learn to record financial statement transactions (for example, invoicing, raising equity, buying inventory, etc.).

The learners get a mix of theory and practical assignments in this course. There would be a qualified assessment evaluation at the end where the learners need to appear for every evaluation, followed by feedback submission. Powerpoint presentations are also provided as course content post-lecture delivery.

Insider Tips

To get the best out of this course, below, I have included some important tips that I think you might find useful.

Placement or Internship Assistance

Individuals in need of placement assistance are given sufficient opportunities. Upon course completion, you would probably be market-ready, and they would certainly assist you in the curation of your resume. You would be directed to relevant job websites and job drives, both online and offline, along with sufficient networking sessions so that you can grab a decent offer.

Technical Exhibitionism from the Course

The course commences with the basics concerning the layout of the balance sheet, income statement, and cash flow statement. In this course, demonstrations regarding the preparation of financial statements from scratch will be given to you. This free accounting course teaches essential skills required for performing financial modeling and other types of Wall Street financial analysis.

Moreover, you would also learn to record financial statement transactions (e.g. invoicing, raising equity, buying inventory, etc.). Some of the potential competencies you develop with this curriculum are Business Accounting, Cost Accounting, Advanced Accounting, and Financial Accounting. So, it is imperative that you pay extra attention to these topics while they are being discussed.

Be Proactive

During the course, I invested a decent amount of time discussing technical aspects attained in the course. My learning cohorts were quite interactive throughout, which genuinely made the learning experience fun, and worth remembering.

Assessment and Grading

There would be a qualified assessment evaluation at the end where the learners need to appear for evaluation, followed by feedback submission. Upon failing, stringent actions would be taken; one of the consequences might be your grades being marked low despite thorough interpretation of concepts. So, one should be careful regarding the deadlines provided.

Final Take

As a Treasury Analyst, I need to prepare actual flow status and forecast cash flows via predictive analytics. Before undergoing this course, curation of a simple income statement and maintaining the same in the balance sheet was quite a tedious task for me. Upon course completion, I could easily interpret each and every terminology in the financial statements, maintain balance sheets with ease and record financial statement transactions (e.g. invoicing, raising equity, buying inventory, etc.).

This course has certainly elevated my career prospects, and now, I feel market-ready each time I appear for interviews.

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