Fundamentals of Financial Accounting

  • Course type: Self-paced
  • Available Lessons: 14
  • Average Lesson Length: 8 min
  • Eligible for Certificate: Certificate completed Yes

    Certificates show that you have completed the course. They do not provide credit.

  • Watch a preview:

    What is Financial Accounting? - Definition & Purpose

  • Fundamentals of Financial Accounting Practice Test

Course Summary

Help your employees understand the fundamentals of financial accounting with these engaging lessons. Our short, informative lessons help employees hone their financial skills and meet industry financial standards.
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3 chapters in Fundamentals of Financial Accounting

Course Practice Test

Check your knowledge of this course with a 50-question practice test.
  • Comprehensive test covering all topics
  • Detailed video explanations for wrong answers
Week {{::cp.getGoalWeekForTopic(0, 3)}}
Ch 1. Financial Accounting Basics {{cp.topicAssetIdToProgress[58584].percentComplete}}% complete
Course Progress Best Score
Lesson 1 - What is Financial Accounting? - Definition & Purpose Score: {{cp.lessonAssetIdToProgress[58585].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[58585].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[58585].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[58585].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - The Fundamental Principles of Accounting Score: {{cp.lessonAssetIdToProgress[9177].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[9177].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[9177].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[9177].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - What Is GAAP? - The Generally Accepted Accounting Principles Score: {{cp.lessonAssetIdToProgress[9167].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[9167].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[9167].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[9167].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Accounting Cycle: Definition, Steps & Process Score: {{cp.lessonAssetIdToProgress[7558].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[7558].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[7558].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[7558].bestScoreQuestions}}  Take Quiz Optional
Week {{::cp.getGoalWeekForTopic(1, 3)}}
Ch 2. Processes in Financial Accounting {{cp.topicAssetIdToProgress[58586].percentComplete}}% complete
Course Progress Best Score
Lesson 1 - Recording Business Transactions in Accounting Score: {{cp.lessonAssetIdToProgress[10857].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[10857].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[10857].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[10857].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Periodic Reporting & the Time Period Principle Score: {{cp.lessonAssetIdToProgress[13685].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[13685].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[13685].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[13685].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Using Accrual Accounting to Make Financial Statements More Useful Score: {{cp.lessonAssetIdToProgress[13686].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[13686].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[13686].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[13686].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Perpetual and Periodic Inventory Systems Score: {{cp.lessonAssetIdToProgress[23187].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[23187].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[23187].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[23187].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Preparing Financial Statements Score: {{cp.lessonAssetIdToProgress[13691].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[13691].bestScoreQuestions}}  Take Quiz Optional
Score: {{cp.lessonAssetIdToProgress[13691].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[13691].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Practical Application: Preparing Financial Statements
Week {{::cp.getGoalWeekForTopic(2, 3)}}
Ch 3. Controls in Financial Accounting {{cp.topicAssetIdToProgress[58587].percentComplete}}% complete

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Practice Tests in this course
Check your knowledge of this course with a 50-question practice test. Once you take the test, you will receive a detailed exam report complete with your personal statistics and even specific lessons to focus on! Take the practice test now
Your detailed study guide will include:
  • Answers and detailed explanations to each question
  • Video lessons to explain complicated concepts
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