Financial Accounting Fundamentals
The London School of Economics and Political Science
Learn about the fundamentals of financial accounting, including the construction of financial statements, the accruals concept, and the value of accounting information for decision-making.
About this Course
The Financial Accounting Fundamentals online course introduces the building blocks of financial reporting. You will gain insight into the relevance and value of accounting information, learn how to construct financial statements, and explore the accruals concept. To explore these and related topics in more depth, consider enrolling in the full Financial Analysis and Management Accounting online certificate course from the London School of Economics and Political Science. The course offers exposure to a suite of financial and management accounting tools, enabling you to analyse real-world business challenges, interpret financial statements, and apply accounting information to assess a company’s historical performance, investment potential, and areas for improvement. It focuses on the important role of accounting in decision-making for both managers and investors. 3b
What You'll Learn
- Discuss the role and importance of accounting-based information in the context of the broader market for information.
- Review how financial statements are constructed.
- Apply the principles of dual entry to company transactions.
- Explain the difference between accounting profit and cash flow.
- Determine the role of accounting information in managerial decision-making.