Introduction to Financial Accounting Systems
Master fundamental accounting concepts, income measurement, and transaction recording in this comprehensive course for beginners.
Master fundamental accounting concepts, income measurement, and transaction recording in this comprehensive course for beginners.
This introductory course provides a solid foundation in financial accounting principles and practices. Students learn essential concepts including balance sheet components, income measurement, revenue recognition, and the double-entry system. The course covers the structure of accounting information systems, different business ownership types, and practical transaction recording. As part of NYIF's Financial Accounting Professional Certificate, it offers hands-on experience in preparing financial statements and understanding accounting information for decision-making.
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What you'll learn
Understand fundamental accounting concepts and their role in decision making
Analyze balance sheet components and transaction effects
Master income measurement and revenue recognition principles
Apply double-entry accounting system for transaction recording
Prepare and interpret trial balances
Compare different business ownership structures
Skills you'll gain
This course includes:
PreRecorded video
Graded assignments, exams
Access on Mobile, Tablet, Desktop
Limited Access access
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There are 3 modules in this course
This comprehensive course introduces fundamental accounting concepts and practices. It begins with basic financial accounting principles and their role in decision-making. Students learn about balance sheet components and transaction effects, various business ownership structures, and income measurement techniques. The course covers revenue recognition, matching concepts, and the relationship between financial statements. It concludes with practical training in the double-entry system and trial balance preparation.
Accounting Concepts
Module 1
Measuring Income
Module 2
Recording Transactions
Module 3
Fee Structure
Instructor
NYIF Instructor Specializing in Portfolio Risk Management and Derivatives
Jack Farmer is an instructor at the New York Institute of Finance (NYIF), where he specializes in training and consulting solutions for portfolio risk management, foreign exchange (FX) and interest rate derivatives, equity index and volatility trading, as well as financial statement analysis and hedge accounting. He holds a BS in Engineering and an MBA in Finance and Accounting from Tulane University, and is currently pursuing a PhD in Finance from the University of Texas at Austin. Jack's extensive expertise enables him to effectively educate students on complex financial concepts and risk management strategies.
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4.5 course rating
37 ratings
Frequently asked questions
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