Financial Accounting Syllabus

This course will teach you the fundamentals of financial accounting from the ground up. You will learn how to prepare a
balance sheet, income statement, and cash flow statement, analyze financial statements, and calculate and interpret critical
ratios. You will also learn the role of managerial judgment in choosing accounting estimates and methods. The course con-
cludes with an introduction to forecasting and valuation.

Modules Lessons Learning Objectives

• Accounting Equation Components • Understand the accounting equation and demonstrate

how different transactions impact it
Module 1

• Basic Transactions and the Equation

The Accounting • Define key accounting concepts and principles

Quiz
• Accounting Principles and Rules
Equation • Formal Definitions of Accounting
Terms
Module 2

• Journal Entries and T-Accounts • Understand where financial statement information

Recording originates by recording business transactions as journal

Quiz
• Advanced Journal Entries
Transactions entries
• The Trial Balance
Module 3

• The Balance Sheet • Construct the balance sheet and income statement to
Financial

Quiz
• The Income Statement learn their purpose and format
Statements

• Accruals and Deferrals • Understand complex accounting transactions and how

Module 4

they relate to accounting principles

Adjusting • Long-Lived Assets

Quiz
Journal Entries • Inventory • Recognize the impact of judgment and bias on financial
statements and accounting practices
• Deferred Taxes

• Operating: Direct Method • Use the statement of cash flows to evaluate the
Module 5

financial health and life-cycle stage of a business

The Statement of • Operating: Indirect Method
Quiz

Cash Flows • Investing and Financing

• Profitability • Analyze ratios and use the DuPont Framework to evaluate

the financial state of a business
Module 6

Analyzing • Efficiency
Quiz

Financial • Leverage
Statements • Other Ratios
• Impact of Policy Differences

• Pro-Forma Financial Statements • Prepare and evaluate financial forecasts used to make
strategic decisions
Module 7

• Projecting Free Cash Flows

Forecasting • Calculate and forecast free cash flows
Quiz

• Valuation
and Valuation • Determining Relevant Cash Flows • Learn how to value a venture, project, or investment
opportunity and perform a sensitivity analysis of key
assumptions

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