Online Financial Accounting Courses To Enrol in 2024
Have you ever thought about how businesses manage their finances and prevent themselves from falling into financial trouble? Financial accounting helps companies in becoming financially stable. This branch of accounting involves recording, summarizing and reporting a company's business transactions through financial statements. Unlike management accounting, financial accounting is used for reporting to external parties whereas managerial accounting is meant for internal strategic planning.
Table of Contents
- Why Learn Financial Accounting?
- List of Online Financial Accounting Courses For:
- Syllabus of Financial Accounting Courses
- Careers After Completing Courses in Financial Accounting
Best-suited Accounting and Control courses for you
Learn Accounting and Control with these high-rated online courses
Why Learn Financial Accounting?
There are several reasons for which you should study financial accounting:
- Through financial accounting courses, you will learn to understand, manage and report financial information for business or organization.
- By enrolling in financial accounting courses, you will learn the method to use financial information for making crucial business decisions related to mergers and acquisitions, budgeting and investments.
- Those who have enrolled in financial accounting courses can protect their business from falling prey to legal implications by complying with regulations.
- Financial accounting courses teach you ways to file taxes on time in an accurate manner. This prevents unnecessary audits.
- Those who take online financial accounting courses will learn to create budgets so that the company can monitor how its money is being used in different business activities.
List of Online Financial Accounting Courses
Here is a list of financial accounting courses starting from beginner level to advanced level:
1. Financial Accounting Courses For Beginners
Those who have no knowledge of this branch of accounting can enrol in introductory financial accounting courses. These courses teach you the basics so that you can build strong fundamentals.
1. Introduction to Financial Accounting: The Accounting Cycle Specialization
This introductory financial accounting course is for those who want to learn financial accounting from scratch. It will provide hands-on specialization in the accounting cycle using Microsoft Excel. The online financial management course will teach from analysis to recording the first financial transaction of the year.
2. Financial Accounting: Foundations
This financial accounting course explains the basic structure of financial statements and the financial information that they provide. Once you have taken this course, you will learn how to write financial transactions and how these transactions impact financial statements.
3. Financial Accounting Fundamentals
This introductory financial accounting course teaches the method to record transactions and use t-accounts for summarizing transactions that have been recorded during an accounting period. As the course progresses, you will learn to draw fundamental conclusions about the financial health of the company.
2. Advanced Financial Accounting Courses
Those who are already aware of the fundamentals of financial accounting can enrol in the following courses to learn the advanced topics of this accounting branch:
1. Diploma in Financial Accounting, Auditing & Taxation
This course is an advanced diploma course in accountancy and taxation. You will learn financial decision-making as well as balance sheet analysis through this course. The curriculum of this advanced financial accounting course focuses on TDS, income tax, GST and e-filing.
2. Financial Accounting and Analysis Course
This advanced financial accounting course explains financial statements in detail. It also explains the method of applying accounting principles related to its preparation. The course also covers the techniques used for financial statement analysis.
3. SAP FICO (Financial Accounting & Management Accounting)
After completing this advanced financial accounting course, you will learn about the end-to-end implementation process for configuring SAP FI and CO modules. Those enrolled in this course will identify and analyse business requirements for organisations for Record to Report process cycles. Accordingly, they will learn the process of configuring SAP FICO modules.
4. Advance Diploma in Financial Accounting & Business Taxation
NIFM offers this advanced financial accounting diploma to those who want to learn both financial accounting and business taxation in detail. This financial accounting course helps you get a 3-month paid internship to learn the details of this accounting branch. Those with a working knowledge of MS Office suite and have completed their graduation can enrol in this course.
5. Financial Accounting for Construction Projects
This financial accounting course reviews the three main financial statements from composition to their accurate interpretation. Those who want to gain basic financial accounting skills related to investment banking, trading, sales, equity research and private equity.
6. Decision Making using Financial Accounting
This financial accounting course helps in establishing theoretical and practical knowledge in financial accounting to make sound financial decisions. The course helps in developing skills for understanding, evaluating and using financial information to make business decision making.
Explore investment banking courses
Online Financial Accounting Course Syllabus
The table given below provides the syllabus of financial accounting courses:
Module |
Topics |
Introduction to Accounting |
|
Accounting Process |
|
Finalization of Accounts |
|
Financial Statement Analysis-I |
|
Reconciliation of Books |
|
Petty Cash Accounting |
|
Inventory Accounting |
|
Depreciation Accounting |
|
Analysis of Financing Liabilities |
|
Leases and Off-Balance-Sheet Debt |
|
Income Tax Analysis |
|
Career Opportunities After Completing Financial Accounting Courses
Those who have completed financial accounting courses can build a career as the following:
- Public Accountant: Public accountants offer services including tax preparation, auditing, and consulting.
- Consultant: Financial accountants can also work as consultants, to provide advice on areas such as financial strategies, cost reduction, and operational efficiency.
- Management Accountant: Financial accountants are familiar with regulatory requirements and compliance issues related to financial reporting. These professionals can, therefore, work as management accountants to record and analyze financial information for the companies where they are employed.
- Auditor: They examine financial statements and records to ensure that financial documents are accurate and comply with regulations.
- Forensic Accountant: These professionals evaluate businesses and projects to assess their performance and suitability for investment.
- Tax Accountants: These professionals prepare tax returns and offer advice on tax strategies and planning to minimize liabilities.
- Financial Analyst: Financial analysts evaluate businesses, projects, budgets, and other finance-related entities to determine their performance and suitability for investment.
- Chief Financial Officer (CFO): They manage the financial actions of a company, overseeing financial planning, risk management, record-keeping, and financial reporting.
FAQs
How long does it typically take to complete a financial accounting course?
The duration of financial accounting courses vary. Introductory financial accounting courses may have a duration of a few weeks whereas advanced financial accounting courses may be in months.
What are the advantages of financial accounting courses?
Financial accounting courses helps in gaining an understanding of how financial decisions impact a company's financial health.
What are the prerequisites for financial accounting courses?
Most introductory financial accounting courses do not require prerequisites. However, for advanced financial accounting courses, you will require prior completion of basic accounting courses.
Jaya is a writer with an experience of over 5 years in content creation and marketing. Her writing style is versatile since she likes to write as per the requirement of the domain. She has worked on Technology, Fina... Read Full Bio