Financial Accounting Fundamentals

This course, developed at the Darden School of Business at the University of Virginia and taught by top-ranked faculty, will teach you the tools you'll need to understand the fundamentals of financial accounting. Concise videos, the financial records of a small business, and "your turn" activities guide you through the three most commonly used financial statements: the Balance Sheet, the Income Statement, and the Statement of Cash Flows. Beyond recording transactions, you'll learn how to prepare

• Use journal entries to record transactions and summarize with t-accounts
• Identify the three main financial statements and their relationships
• Prepare financial statements based on recorded transactions
• Draw conclusions about company’s financial health