Introduction to Financial Accounting

Financial accounting is key in understanding whether companies are profitable or not. It can also aid in decision-making and help predict if a company could face distress or bankruptcy.

On this four-week course, you’ll learn the foundations of accounting and discover how the decisions and operations of an organisation are translated into numbers.

This course features a range of conceptual and practical activities and is most suitable if you have some knowledge of financial accounting and need to refresh your understanding. You’ll explore the different purposes of accounting information, the financial reporting process, and learn how to read financial statements.

You’ll learn how accounting information can help measure company performance and help firms make important decisions.

Delving into the role of accruals, you’ll explore more advanced processes such as tracking revenues that have been earned but not yet received, accounting for expenses that are yet to be paid, and recording end of year transactions.

You’ll hone your accounting skills as you learn how to record transactions with double-entry bookkeeping.

You’ll also learn how to record assets and liabilities before exploring accounting adjustments and trial balance.

Finally, you’ll investigate the information role of financial statements. Within this, you’ll look at financial reporting and closing the books at the end of the year.

Learning from the experts at the University of Padova, you’ll finish the course with the knowledge and skills to develop in your accounting career or prepare yourself for more advanced study.