Community course

Financial Accounting

This course covers the fundamentals of financial accounting, including income statements, transaction analysis, and inventory accounting, essential for understanding financial data.

10 chapters20 lessons2 hr20 quick checks

How this course works

The chapters and lessons below are the fixed course structure. When you start, LearnLive teaches each lesson interactively and adapts examples, pacing, and questions to you.

Complete syllabus

Every chapter and lesson

  1. 01

    Chapter 1 · 2 lessons

    Introduction to Financial Accounting

    1. 1.1

      About the Authors

      6 min · Quick check

    2. 1.2

      Current Evolution in Financial Accounting

      6 min · Quick check

  2. 02

    Chapter 2 · 2 lessons

    Understanding Financial Data

    1. 2.1

      Creating a Portrait of an Organization

      6 min · Quick check

    2. 2.2

      Communication in Financial Reporting

      6 min · Quick check

  3. 03

    Chapter 3 · 2 lessons

    Income Statements

    1. 3.1

      Construction of an Income Statement

      6 min · Quick check

    2. 3.2

      Reported Profitability and Conservatism

      6 min · Quick check

  4. 04

    Chapter 4 · 2 lessons

    Transaction Analysis

    1. 4.1

      Essential Role of Transaction Analysis

      6 min · Quick check

    2. 4.2

      Connection of the Journal and the Ledger

      6 min · Quick check

  5. 05

    Chapter 5 · 2 lessons

    Adjusting Entries

    1. 5.1

      Purpose of Adjusting Entries

      6 min · Quick check

    2. 5.2

      Types of Adjustments

      6 min · Quick check

  6. 06

    Chapter 6 · 2 lessons

    Securities and Exchange Commission

    1. 6.1

      Need for the SEC

      6 min · Quick check

    2. 6.2

      Impact of Audits on Financial Statements

      6 min · Quick check

  7. 07

    Chapter 7 · 2 lessons

    Accounts Receivable

    1. 7.1

      Net Realizable Value

      6 min · Quick check

    2. 7.2

      Accounting for Uncollectible Accounts

      6 min · Quick check

  8. 08

    Chapter 8 · 2 lessons

    Inventory Accounting

    1. 8.1

      Cost Flow Assumptions

      6 min · Quick check

    2. 8.2

      Periodic vs. Perpetual Inventory Systems

      6 min · Quick check

  9. 09

    Chapter 9 · 2 lessons

    Property and Equipment

    1. 9.1

      Reporting Property and Equipment

      6 min · Quick check

    2. 9.2

      Determining Historical Cost and Depreciation

      6 min · Quick check

  10. 10

    Chapter 10 · 2 lessons

    Investments

    1. 10.1

      Accounting for Investments by the Equity Method

      6 min · Quick check

    2. 10.2

      Acquisition of Another Company

      6 min · Quick check

Ready to begin?

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