Finance
Financial Accounting
Learn the fundamentals of financial accounting, from recording business transactions to preparing financial statements and interpreting financial information for better business decisions.
6 weeks
Beginner
Hybrid
₹4,000.00
₹5,000.00 Offer ends Nov 30, 2026
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Course overview
Financial Accounting introduces students to the principles and practices used to record, classify, summarize, and report business transactions. You will learn how to prepare journals, ledgers, trial balances, and key financial statements using practical examples. The course also develops your ability to understand financial information and use it to support business and management decisions.
What you will learn
- Understand fundamental accounting concepts and principles
- Record business transactions using the double-entry system
- Prepare journal entries and maintain ledger accounts
- Prepare and analyze trial balances
- Understand cash and credit transactions
- Account for adjustments and year-end transactions
- Prepare trading and profit & loss accounts
- Prepare balance sheets
- Understand cash flow statements
- Analyze financial statements using basic accounting ratios
- Identify and correct common accounting errors
- Use accounting information to support business decisions
- Apply accounting concepts to practical business situations
Course curriculum
- Meaning and Purpose of Accounting
- Importance of Financial Accounting
- Accounting Concepts and Principles
- Accounting Standards
- Types of Accounting
- Users of Accounting Information
- Accounting Equation
- Meaning of Double-Entry System
- Rules of Debit and Credit
- Classification of Accounts
- Personal Accounts
- Real Accounts
- Nominal Accounts
- Accounting Equation and Transactions
- Meaning of Journal
- Journalizing Transactions
- Simple Journal Entries
- Compound Journal Entries
- Cash Transactions
- Credit Transactions
- Purchase and Sales Transactions
- Expense and Income Transactions
- Practical Journal Entry Exercises
- Meaning and Purpose of Ledger
- Posting Journal Entries to Ledger
- Balancing Ledger Accounts
- Cash Account
- Bank Account
- Customer and Supplier Accounts
- Practical Ledger Exercises
- Meaning and Objectives of Trial Balance
- Preparation of Trial Balance
- Debit and Credit Balances
- Errors Affecting Trial Balance
- Limitations of Trial Balance
- Practical Trial Balance Exercises
- Meaning and Importance of Cash Book
- Single Column Cash Book
- Double Column Cash Book
- Petty Cash Book
- Bank Transactions
- Bank Reconciliation Statement
- Causes of Differences Between Cash Book and Bank Statement
- Practical BRS Exercises
- Meaning of Adjustments
- Accrued Expenses
- Outstanding Expenses
- Prepaid Expenses
- Accrued Income
- Unearned Income
- Depreciation
- Bad Debts
- Provision for Doubtful Debts
- Practical Adjustment Entries
- Meaning and Purpose of Final Accounts
- Trading Account
- Profit and Loss Account
- Balance Sheet
- Gross Profit and Gross Loss
- Net Profit and Net Loss
- Adjustments in Final Accounts
- Preparation of Final Accounts
- Practical Final Accounts Exercises
- Meaning of Depreciation
- Causes of Depreciation
- Importance of Depreciation
- Straight-Line Method
- Written-Down Value Method
- Comparison of Depreciation Methods
- Accounting Treatment of Depreciation
- Practical Depreciation Problems
- Meaning of Inventory
- Types of Inventory
- Inventory Valuation
- Cost of Goods Sold
- Opening and Closing Inventory
- FIFO Method
- Weighted Average Method
- Inventory Adjustments
- Meaning of Cash Flow
- Importance of Cash Flow Analysis
- Operating Activities
- Investing Activities
- Financing Activities
- Cash and Cash Equivalents
- Preparation of Cash Flow Statement
- Practical Cash Flow Exercises
- Meaning of Financial Statement Analysis
- Objectives of Financial Analysis
- Comparative Financial Statements
- Common-Size Financial Statements
- Trend Analysis
- Liquidity Ratios
- Profitability Ratios
- Solvency Ratios
- Efficiency Ratios
- Interpretation of Financial Ratios
- Types of Accounting Errors
- Errors of Omission
- Errors of Commission
- Errors of Principle
- Compensating Errors
- Suspense Account
- Rectification Entries
- Practical Error Correction Exercises
- Complete Accounting Cycle
- Recording Business Transactions
- Journal to Ledger Posting
- Preparing Trial Balance
- Recording Adjustments
- Preparing Final Accounts
- Interpreting Financial Statements
- Practical Case Study
Course benefits
Build a strong foundation in financial accounting
Understand real-world accounting processes
Develop practical journal and ledger skills
Learn to prepare financial statements
Improve financial analysis skills
Understand accounting adjustments and depreciation
Develop knowledge of cash flow management
Learn basic financial ratio analysis
Strengthen finance and business decision-making skills
Prepare for academic and entry-level finance roles
Who should enroll?
- B.Com and M.Com Students
- MBA Finance Students
- Commerce Students
- Business and Management Students
- Accounting Beginners
- Aspiring Accountants
- Finance Professionals
- Small Business Owners
- Entrepreneurs
- Professionals who want to understand financial statements
Requirements
- Basic mathematics knowledge
- Basic computer knowledge
- No prior accounting experience required
- A willingness to practice accounting problems
- Laptop or computer recommended for practical exercises
- Calculator recommended for numerical exercises
Frequently asked questions
Financial Accounting is the process of recording, classifying, summarizing, and reporting financial transactions of a business.
No, the course starts with basic accounting concepts and gradually progresses to practical financial statements.
Yes, practical examples and accounting exercises are included throughout the course.
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