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The Best Online Courses To Enhance Your Skills in Financial Accounting

Financial Accounting is part of our Online Finance Series

  • May 30, 2019

If you’re interested in finance, say no more! There are hundreds of available courses out there and we have compiled some of the best of those programs which are focused on financial accounting. This specific field of finance deals with things like reporting, analysis, and other activities which are related to a business’ financial transactions. Financial accountants must prepare financial statements that third parties will be interested in. Among those interested groups, you will find suppliers, banks, investors, stakeholders, employees, and government agencies.

The following list of financial accounting courses covers a wide range of online resources. They will help students learn the insights of accounting from scratch. So, regardless of your level of expertise (whether you’re an accounting veteran or only a novice), any of these programs represent an effective way to improve your knowledge in the field of financial accounting and reach the next level as a professional.

Any good financial accounting course will teach you concepts such as profit, cash flow, loss, financial position statements, and more. Therefore, it is in your best interest to choose one that suits your skills. For instance, the programs that target beginners will, obviously, cover the basics or the fundamentals while more advanced lectures provide specialized coverage.

Before letting you browse through the list, let me tell you some brief things you must keep in mind before enrolling in one of the courses presented below. Check these aspects to make sure you choose the right course for your needs:

  • The quality of the curriculum;
  • The course’s price and pricing options;
  • The teacher’s reputation and his or her expertise.
1

Master the technical skills needed to analyze financial statements and disclosures for use in financial analysis, and learn how accounting standards and managerial incentives affect the financial reporting process. By the end of this course, you’ll be able to read the three most common financial statements: the income statement, balance sheet, and statement of cash flows. Then you can apply these skills to a real-world business challenge as part of the Wharton Business Foundations.

  • ★★★★★  (4.7) based on 4,413 reviews
  • Course duration: 17 hours
  • Course type: Self-paced with instructor
  • Course level: Beginner
  • Course price: $ 49.00 / Per month (7-day FREE trial)
  • 159,854 people have done this course
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2

In this course, you will learn foundations of financial accounting information. You will start your journey with a general overview of what financial accounting information is and the main financial statements. You will then learn how to code financial transactions in financial accounting language. In the meantime, you will learn about the most important concept in contemporary financial accounting: accrual accounting. You will then critically analyze how firms recognize revenues. Finally, you will finish the course with an analysis of accounting for short-term assets where you will go into detail on how firms account for accounts receivables and inventories.

  • ★★★★★  (4.7) based on 1,251 reviews
  • Course duration: 9 hours
  • Course type: Self-paced with instructor
  • Course level: Level unspecified
  • Course price: $ 49.00 / Per month (7-day FREE trial)
  • 29,916 people have done this course
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3

In this comprehensive course, you will learn the basics of double-entry bookkeeping, as well as how to analyze and record financial transactions. You will get hands-on experience with handling accounts receivable, accounts payable, payroll procedures, sales taxes, and various common banking activities. Accounting Fundamentals covers all the bases, from writing checks to preparing an income statement and closing out accounts at the end of each fiscal period. Whether you're a sole proprietor looking to manage your business finances or you simply want to gain an understanding of accounting basics for career advancement or for personal use, this course will give you a solid foundation in financial matters.

  • Course duration: 24 hours
  • Course type: Virtual classroom
  • Course level: Beginner
  • Course price: $ 149.00 / One-time payment
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4

While it is true that accounting professionals are scarce, those with corporate accounting experience are even scarcer. This course will provide you with a solid understanding of corporate accounting practices. In Accounting Fundamentals II, you will explore such topics as special journals, uncollectible accounts receivable, plant assets, depreciation, notes and interest, accrued revenue and expenses, dividends, retained earnings, and various financial reports for corporations. If you're interested in increasing your financial awareness and accountability while also gaining a marketable skill, this is the course for you.

  • Course duration: 24 hours
  • Course type: Virtual classroom
  • Course level: Intermediate
  • Course price: $ 149.00 / One-time payment
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5

This course 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 these financial statements, and read and analyze them to draw basic conclusions about a company's financial health.

  • ★★★★★  (4.8) based on 325 reviews
  • Course duration: 8 hours
  • Course type: Self-paced with instructor
  • Course level: Beginner
  • Course price: $ 49.00 / Per month (7-day FREE trial)
  • 25,436 people have done this course
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6

This business course helps you to read and understand financial statements to evaluate how business performance is affected by four fundamental drivers of profitability viz., asset management, cost management, leverage management and tax management. It will also help you to identify areas for improvement. The second part of this finance course deals with managing costs. You will learn how to prepare cost sheets, budget and make cost-based decisions. The third part of the course provides an overview of financial markets to raise capital of different types. You will develop the ability to prepare and evaluate finances for your business plan and manage working capital. The overall objective of the course is to build financial acumen to make you a successful entrepreneur or manager.

  • Course duration: 40 hours
  • Course type: Self-paced
  • Course level: Intermediate
  • Course price: $ 150.00 / One-time payment
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7

This course builds upon what you learned in Financial Accounting: Foundations and Financial Accounting: Advanced Topics and introduces you to formal foundations of financial accounting. The main purpose of the course is to familiarize you with technical terms in financial accounting, such as debit, credit and T-account. While knowledge on technical aspects of financial accounting is not necessary to understand and interpret financial statements, this knowledge is critical to be able to understand advanced topics in accounting.

  • ★★★★★  (4.6) based on 37 reviews
  • Course duration: 9 hours
  • Course type: Self-paced with instructor
  • Course level: Intermediate
  • Course price: $ 49.00 / Per month (7-day FREE trial)
  • 2,257 people have done this course
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8

The performance of a business and its management team is largely based on information provided in the financial statements. It is essential that managers understand the effects of their decisions on the economic health of the business and are comfortable discussing financial statements with stakeholders. This course will teach you to interpret financial statements effectively and use them to make better business decisions.

  • Course duration: 30 hours
  • Course type: Self-paced
  • Course level: Intermediate
  • Course price: $ 150.00 / One-time payment
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9

In this course, you will learn how to interpret and communicate financial statements so that you can speak confidently on indicators such as assets, liabilities, shareholders’ equity, and goodwill. This course will teach you how to interpret the three financial statements core to any business--the income statement, balance sheet, and statement of cash flows--and analyze how they reflect business decisions. By the end of this course, you will know how to use financial accounting as a strategic tool to understand and grow your business--and understand and outmaneuver your competitors.

  • Course duration: 60 hours
  • Course type: Virtual classroom
  • Course level: Advanced
  • Course price: $ 214.00 / (FREE without certificate)
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10

You will learn to prepare corporate financial statements in compliance with the U.S. Securities and Exchange Commission (SEC) and in conformance with the Financial Accounting Standards Board’s (FASB) generally accepted accounting principles (GAAP). You will learn how the FASB creates new GAAP, how to research the FASB Accounting Standards Codification system, and how to prepare and analyze financial statements including the Income Statement, Comprehensive Statement of Income, Balance Sheet, Statement of Shareholder’s Equity, and Statement of Cash Flows. An overview of accounting theory provides a foundation for applying financial accounting concepts and principles to real business issues.

  • Course duration: 80 hours
  • Course type: Virtual classroom
  • Course level: Advanced
  • Course price: $ 249.00 / One-time payment
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11

In this course, you will explore advanced topics in financial accounting. You will start your journey with accounting for assets with more than one-year life. You will learn in detail how firms account for fixed assets. You will then move to financing of assets and discuss accounting for liabilities. The course will continue with an in-depth exploration of shareholders’ equity. Finally, you will critically evaluate preparation, components, and analysis of cash flows statement. Upon successful completion of this course, you will be able to:

  1. Account for fixed assets
  2. Understand accounting for liabilities
  3. Evaluate shareholders’ equity section of a balance sheet
  4. Understand preparation and information provided by cash flows statement
  • ★★★★★  (4.7) based on 536 reviews
  • Course duration: 9 hours
  • Course type: Self-paced with instructor
  • Course level: Intermediate
  • Course price: $ 49.00 / Per month (7-day FREE trial)
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All the financial accounting courses listed above are held on trusted platforms and developed by reputable institutions. They will help you boost your financial and accounting skills but, most importantly, they work great for both seasoned pros and industry newbies. Enrolling in a high-quality educational program is nothing less than a wise investment which can, by all means, advance your career. Do your best to find a course that satisfied all your preferences without exceeding your budget but, first and foremost, determine all the subject’s aspects that you want to master.

Don’t be afraid to do some research before choosing a certain class. This way, you won’t regret your decision. If you follow all these guidelines, you will definitely find what you’re looking for. After all, best practices, as well as ground rules, are essential abilities to possess in this field of activity.

Online Courses Related to Financial Accounting

The online courses above will raise your knowledge in the field of Financial Accounting. If you are more interested in other areas in the field of Finance you might be interested in the following online course overviews:

or search in our database for all online finance courses