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LinkedIn Learning

Financial Accounting Foundations

via LinkedIn Learning


Learn the basics of financial accounting. Discover how to prepare, read, and analyze financial statements.


  • Why financial accounting?
1. Accounting Basics
  • Accounting vs. bookkeeping
  • The accounting equation
2. The Financial Statement
  • The financial statement
  • The balance sheet
  • The income statement
  • The statement of cash flows
3. The Mechanics of Accounting
  • How financial statements are made
  • Debits and credits
  • Journal entries
  • Making the financial statements
4. Current Issues in Financial Accounting
  • Current financial accounting issues
  • Revenue recognition
  • Long-term assets including impairment
  • Working with leases
  • Earnings per share
  • Investment securities and derivatives
  • Deferring taxes
  • Inventory and COGS
5. Financial Statement Analysis
  • Using financial statements
  • Common size statements
  • DuPont framework
  • Debt ratio
  • Operating ratio
  • Price-earnings (P/E) ratio
  • How you can use financial statements

Taught by

Jim Stice and Kay Stice


5.0 rating, based on 1 Class Central review

4.8 rating at LinkedIn Learning based on 4492 ratings

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  • Anonymous
    It was amazing cource for overview financial background... nicely explained all details where I just want answers of last exam plz

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