List of Free Financial Accounting Courses and Training Resources

Jan 09, 2019

Financial Accounting Online Courses for Credit

Students interested in learning all about financial accounting can benefit from free courses available at some of the best schools and organizations. These courses typically offer a well-rounded educational experience that ensures students fully comprehend financial statements, balance sheets, assets and other aspects of accounting. But while free courses can help students learn without the requirement of registration or tuition, they do not provide college credit. If you're looking to earn credit for school, one option you might think about is the relatively inexpensive material offered by The courses housed here contain engaging video lessons attached to full transcripts and additional resources such as interactive practice quizzes.

Students seeking education in accounting can check out Accounting 101: Financial Accounting, which examines the statement of cash flows, the accounting cycle and receivables and includes chapters like the following:

Free Online Financial Accounting Courses

Students looking to complete free online courses and training should note that they won't be able to earn college credit. Students also need to complete their education on their own time. In preparation for these courses and training programs, students may want to install programs like Adobe Acrobat Reader in order to access some materials.

Modern States

Modern States Education Alliance provides students with dozens of free online courses designed to aid in their preparation for AP and CLEP exams. Anyone can access courses that include natural sciences, information systems, English literature and calculus. Course materials include lectures, tests and even textbooks, all provided free of charge. To access these non-credit courses, students must sign up for a free online account.

  • Financial Accounting is an introductory course covering accounting principles and how financial statements are implemented in business. The course offers four weeks' worth of materials with an estimated six hours per week of effort required. There are no prerequisites for this course, which covers fundamental concepts typically taught in a beginner's undergraduate course.

Students visiting can learn a variety of beginner's accounting and bookkeeping concepts, free of charge. The platform offers written articles, definitions, Q&As, puzzles, quizzes and other resources to help students learn at their own pace. Topics explored include accounts payable, stockholders' equity and activity-based costing. Students do not have to register to access these materials.

  • Financial Accounting covers income statements, balance sheets, financial reporting, accrual basis accounting, accounting principles and many more concepts. Training resources include lessons, quizzes, crosswords, questions and answers, visual tutorials and word scrambles. Some materials won't be available to students unless they pay for a subscription to this website. also offers lessons covering managerial and cost accounting topics.

Massachusetts Institute of Technology

OpenCourseWare (OCW) is a free online learning platform offered through the Massachusetts Institute of Technology (MIT). Through MIT's OCW, students can access 2,400 courses covering topics like architecture, mathematics, music and theater arts, chemistry and economics. The courses do not require registration or offer college credit. Learning materials found in most courses include downloadable lecture notes and assignments.

  • Financial Accounting explores the basics of corporate financial accounting, examining it from the perspective of senior managers. The graduate-level covers financial statements, balance sheets, assets, marketable securities and investments, among other topics. In addition to PDF lecture notes, students can access assignments without solutions and recitations. The recommended reading for this course is Financial Accounting in an Economic Context
  • Introduction to Financial and Managerial Accounting is an undergraduate course focused on financial and managerial reporting from the perspective of the reader of the reports. This course includes selected lecture notes, exams with solutions and assignments with solutions; a list of optional readings is also available. After students complete this course, they should understand long-term assets, revenue recognition, balance sheets, cash flow statements and marketable securities.


Simplestudies is a website offering free and subscription-based learning materials focused on the application of accounting concepts. Free materials include lectures, tutorials, articles and multiple-choice quizzes. An accounting dictionary is also available, providing definitions for hundreds of terms.

  • Financial Accounting Tutorials is a set of tutorials that teaches students using comprehensive reading materials, term definitions and illustrated figures. The free tutorials provide overviews of accounting for accruals and the double-entry accounting system to help students understand interest receivable, salary payable, debits, credits and ledgers. Other concepts explored in the tutorials include internal controls and accounting for inventories and merchandising companies. In order to access some lessons, students need to pay for the website subscription.

Open University

OpenLearn, a free online learning platform presented by the Open University, offers nearly 1,000 courses to anyone interested in learning advanced German, Egyptian mathematics, forensic psychology or a variety of additional subjects. Registration is not required to access these free, non-credit courses, but doing so allows students to track their progress, among other benefits.

  • Influences on Accounting Regulation examines the impact of financial regulations on the financial accounting process, as well as the variables that affect accounting rules. Tax-related issues and international accounting standards are discussed, as well as the application of accounting rules from different jurisdictions. The advanced course consists of about six hours of study materials, including brief lessons. Materials can be downloaded to view as Word, Kindle, PDF and other types of files.

University of Alaska - Anchorage

University of Alaska - Anchorage professor Dr. Fred Barbee has provided free access to a variety of learning materials from his accounting courses. Students can explore PowerPoint slides, assignments, quizzes, exams and more. No registration is required to access these materials.

  • Principles of Financial Accounting covers topics like accounting information systems, merchandising operations, inventories, long-term investments, equity and financial statement analysis. PowerPoint presentations are available, and students can also complete optional assignments and practice exams. Solutions are provided for the exams. Certain chapters in the Funderstanding section also offer flashcards, matching games, word searches and other fun ways to learn.

University of Pennsylvania

Through Coursera, students can take several free University of Pennsylvania courses focused on microeconomics, health, mathematics and mythology. In order to access these non-credit courses, students have to sign up for a free Coursera account using an email address or Facebook account. Students have the option to take courses for free by auditing.

  • Introduction to Financial Accounting examines the basics of financial analysis and teaches students how to read balance sheets, income statements and the statement of cash flows. Topics explored in this course include accrual accounting, ratio analysis and basic accounting terms. Students can access free videos, readings and quizzes to learn these concepts. The amount of time needed to complete this course is estimated at 17 hours.
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