Financial Accounting Course : Check Fees, Duration, Admission, Career & Job Fields
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Financial Accounting courses are envisioned towards equipping the students with the skills to keep a watch on the company’s financial score in order to monitor its efficiency, expenditure, effectiveness, etc. as well as its respective performance. Different courses being offered with respect to financial accounting have been facing a substantial demand in the current scenario of the era. 

The working as well as the field avenues (Functional areas)  with respect to the financial accounting course are as follows:-

  • Dealing with financial transactions:-  One of the functional areas of financial accounting is dealing with financial transactions. The candidate working in the respective field should keep  an eye on the financial transactions that are taking place in the company and meanwhile acknowledge the need to address the arising problem in a substantial manner.
  • Keeping a track of the company’s transactions:- The task of financial accounting involves the purpose and importance of keeping a track of the transactions taking place in the company. Keeping a record of such tracks can determine the loopholes preventing the growth of the company and enhance the performance as well as surge the growth of the company.
  • Analysing and making summaries:- By maintaining the summary of the several transactions made in the company, the financial analyst or a person working at similar post can monitor the data with respect to expenditure as well as the margin between the amount spent and the amount gained. This would help them at determining the data of the company on the aspects of profit and loss. 
  • Classifying, analysing and interpreting the data:- Classification of the transactions can help the financial representative to make categorical divisions. Such divisions can comprise the transactions of one kind in one section and this would make the representatives get easily familiar with data summary prepared by them and analyse them accordingly. An appropriate classification of the data prepared can simplify the process of interpreting the respective data and analysing it as well in order to make the significant approach towards fulfilling the requirements or corrections needed. 
  • Communication of Results:-  The amount of data that is maintained in the summaries and monitored throughout via the process of classification and interpretation is analysed positively to reach out to the interested parties or higher level of organisations. The communication of results basically consists of the interpretation of the analyzed and summarized data to the higher parties of the functional area.

What are the factors associated with a financial accounting course?

  • Financial accounting courses are specialized by various online academic platforms like Coursera, Udemy, EDX, etc. and offered by various universities through such platforms. These are certificate courses and the duration of a financial accounting course varies as per the course chosen. 
  • The candidates aspiring to pursue such courses can enroll for the particular course by paying the respective amount (if any) and take the specified video lectures as per the material of the course provided. The financial accounting course certificate is provided at the end of the course. The candidates who are seeking a certificate in financial accounting course can visit such platforms, go through the enroll procedure and avail the respective course. 

Eligibility Criteria For Financial Accounting Course:

The only requirement for financial accounting  eligibility criteria is that the respective candidate seeking financial and accounting course admission are required to be a commerce, accounts, MBA graduate or should have pursued a course in commerce stream. Moreover, the students should have a significant inclination towards the various terminologies related to Financial accounting courses. 

The candidates aspiring to undergo such courses can check the respective eligibility criteria in order to avoid any inconvenience in the later part of the course. 

Overview on the Financial Accounting Course

There are numerous financial and accounting courses available at the online platforms that provide certifications with respect to the course. These certificate courses consist of a series of video lectures on a number of topics that are covered under the syllabus assigned to the respective course. The candidates can simply avail the desired financial and accounting online course by enrolling for the course and paying the respective amount of the course. 

Here is a list of some Financial Accounting courses, the organizations or platforms specializing in the respective course, Syllabus, enrollment charge or fee, course duration, etc.  

Courses
About the course
Specialized by & offered by
Syllabus
Fee/Enrollment charge
Course Duration

Introduction to Financial Accounting

The course helps the  students to gain perspective regarding the skills required to analyze the financial statements and disclosures for its use in financial analysis.

Coursera (University of Pennsylvania) 

Introduction and Balance Sheet; Accrual Accounting and the Income Statement; Cash Flows; Ratio analysis and final exam;  

Free Enrollment

Approx 13 hours 

Financial Accounting fundamentals

The course will aid the respective students at gaining the skills like, Financial Accounting, Financial Statement, Balance sheet, Accounting, etc. 

Coursera (University of Virginia)

Introduction to Financial Accounting; The Financial Statements, and the balance sheet; Introduction to recording transactions; The income statement, revenue and expense transactions, and adjusting entries; The statement of cash flows, Financial Statement preparation; More transactions, Analysis of statements and an annual report.

Free Enrollment

Approx 14 hours

Formal Financial Accounting

The course familiarizes the students about the technical terms in financial accounting such as the credit, debit, T-account, etc.  

Coursera (University of Illinois) 

Course Orientation; Introduction to Financial Accounting Terminology; Formal Financial Accounting for Assets; Formal Financial Accounting for Liabilities and Shareholders’ equity; Applications of formal financial accounting

Free Enrollment

Approx 10 hours

Accounting: Principles of Financial Accounting

The course enables the students with the skills related to reading and interpreting financial statements for business diagnosis, possessing the conceptual base, etc.

Coursera (IESE Business School)

Introduction to accounting (The balance sheet); The Income Statement; The cash flow statement; Accrual accounting; 

Free Enrollment

Approx 12 hours

Financial Accounting: Advanced Topics

The course will direct you to discover as well as explore the advanced topics subjected to Financial Accounting such as financing of assets, accounting for liabilities, etc.  

Coursera (University of Illinois)

Course Orientation; Long-term assets; Liabilities; shareholders’ Equity; Cash Flows statement

Free Enrollment

Approx 13 hours

Financial Accounting: The complete Introductory crash course

The course consists of around 69 video lessons that can be covered under the total time duration of approx 10 hours of content. 

Udemy

Structure of a business;  Internal vs external users of accounting information; The double entry system and conceptual framework; Merchandise Inventory; Receivables and bad debts; Intangible and bad assets 

Approx Rs 1280

Approx 9 hours 48 minutes 

Financial accounting- The ultimate beginner’s course

The course consists of the topics as well as the course pattern that helps the students at enhancing their accounting  expertise.

Udemy 

Introduction to financial accounting; The accounting equation; accounting transactions and adjusting entries; Property, plant and equipment; depreciation methods

Approx Rs 6400 

Approx 10 hours

Financial Accounting made Fun: Eliminating Your Fears

This course acquaints you about the form, content as well as definitions included in the primary financial statement such as income statement, balance sheet and cash flow statement.

edX (BABSON) 

Balance sheet  and transaction analysis; income statement and cash flows; ratio Analysis; Forecast

Free Enrollment ( Added verified certificate for Rs 14,682

4 weeks (4-6 hours per week)

Financial Accounting for corporations

The course is the part of the UMGC Accounting and Financial Management Micromasters programme which will help the students to prepare the corporate financial statements in compliance with the US securities and exchange commission as well as in conformance with the Financial Accounting standard’s Board’s generally accepted accounting principles.  

edX (University of Maryland Global campus) 

Overview of financial accounting (FASB’s codification, FASB’s conceptual framework and a review of accounting principles); Income statement and statement of comprehensive income; Balance sheet: Current assets; fixed and Intangible assets; balance sheet: Liabilities and Equities; Statement of cash flows; notes to financial statements and Accounting for changes and errors

Free Enrollment ( added verified certificate for approx Rs 18,371) 

8 weeks (8-10 hours per week) 

Financial Accounting and Analysis

The course will help you understand the several elements of Financial statements as well apply accounting principles with respect to its preparations. It will also inculcate the ability to inculcate the tools and techniques to analyse and interpret the key parameters of financial performance

edX (Indian Institute of Management Bangalore) 

Introduction to financial accounting; A closer look at the balance sheet; A closer look at the Income statement, cash flow statement and statement of changes in equity; Financial statement analysis 

Free Enrollment (Added certificate of approx Rs 3,689 

6 weeks (4-5 hours per week) 

The financial accounting course duration varies as per the different specializations offered by diverse platforms and the type of study material or lectures they provide to the students. The financial accounting course syllabus consists of the various topics like the Introduction to financial accounting, The accounting equation, The double entry system and conceptual framework, Long-term assets, liabilities, etc. The candidates aspiring to pursue such courses can choose any of the preferred topics that could direct them towards the syllabus oriented towards serving in that field itself. 

Job prospects for Financial Accounting Course

S.No.
Job Profile/Title
Job Role
Skills Required

1

Financial accountant

  • Prepare cash flow statements on weekly basis
  • Preparing the monthly profit and loss as well as balance sheet reports
  • Advising on estimates for project funding
  • Gathering and interpreting data in order to be responsive towards financial inquiries
  • Provide assistance towards the preparation of the year-end account and the statutory account. 
  • Possess a good negotiation as well as communication  skill
  • Have the ability to develop strong working relationship 
  • Comprise commercial as well as business awareness
  • Have an analytical brain
  • Oriented and focussed towards the deadline and a keen eye towards the details and data 

2

Management Consultant

  • Stay aware about the challenges faced by the clients in the business and address them as soon as possible
  • Determine as well as communicate the product of the work
  • Formulate and outline the format and scope of the work in order to predict its performance and meet the respective requirement
  • Possess organisational skills
  • Should have the analytical, critical thinking and problem solving skill
  • Time management skill
  • Creative skill
  • Interpersonal as well as verbal communication skill

3

Financial Analyst

  • Provide analytical financial report to the senior management
  • Stay aware of the new investment policies and the respective news about the industry 
  • Look forward to the improvement of performance
  • Maintain a good monthly report consisting of the key metrics and qualifications which makes the report summary easy to understand
  • Develop decision making models for the betterment and enhancement of your work
  • Excellent working knowledge of excel and financial modelling
  • Good decision making, analytical and problem solving skill
  • Pays attention towards details and accuracy
  • Relevant experience in corporate finance, investment banking, financial planning and analysis, etc. 

4

Chief Financial officer

  • Perform risk management analysis to gain information about the organisation’s liabilities and investments
  • Prepare as well as maintain current and reliable reports
  • Develop strategies to drive the company’s financial planning
  • Ensure a proper compliance and adherence to the law and policies of the company
  • Excellent communication and interpersonal skill
  • Expert in the use of MS office and financial management software
  • Substantial knowledge of the corporate finance laws and risk management software. 
  • Good analytical capacity

5

Account Executive

  • Maintain the sales cycle 
  • Create and develop a detailed business plan in order to acquire predetermined goals
  • Stay in the regular contact with the clients to understand their need and preferences. 
  • Keep records of sales data as well as negotiate agreements
  • Must have organisational as well as Time Management skills
  • Well acquainted with sales, market research and negotiating principles
  • Good experience as an Account executive or similar customer service or sales role.
  • Passionate and enthusiastic about the work
  • Excellent presentation as well as communication skill
  • Substantial knowledge of MS Office, CRM software, etc. 

6

Assistant Finance manager

  • Assist in creating and developing financial strategies to meet the demand of the company as well reach an effective target
  • Keep a track of the expenses and control it accordingly in order to meet the budget
  • Cooperate and Interact with all the members of the organisation
  • Assist in the management of the performance of the team members
  • Present and develop proposals for the team  to deliver competitive and accurate financial planning
  • Have ability towards assistance with financial management duties
  • Work under pressure
  • Excellent leadership and project management skill
  • Proper understanding of Financial management, requirements, obligations, etc. 

7

Senior Accountant

  • Manage accounting assistants as well as bookkeepers
  • Direct and orient internal and external audits in order to ensure compliance
  • Analyse and summarise financial information and data
  • Keep a track of the data recorded, summarised and analysed
  • Produce accounting reporting with no errors 
  • Ensure a proper assistance with tax audits and tax returns
  • Should hold good understanding of generally accepted accounting principles
  • Familiar with financial accounting statements
  • Good communicative skill as well as accurate towards details
  • Aware of the new business trends and the latest news of the respective field
  • Should have advanced Ms skills consisting of Pivot tables, Vlookups, etc. 

8

Financial Controller

  • Developing and creating financial reviews and providing investment advice
  • Preparing and maintaining report of company tax and BAS statement
  • DEbt management and collection
  • Consolidation of budget on regular basis
  • Work closely with management and team of executives in order to share reports and recent developments or findings, etc. 
  • Ensure a proper compliance with statutory laws as well as financial regulations
  • Good communications skills
  • Strong leadership and team orientation qualities
  • Compliance oriented
  • Proven experience in finance management
  • Good knowledge of analytical kills and well acquainted with the aspects of accounting fundamentals

What is the scope of a Financial accounting course?

With the changing scenario of the fast growing world, there has been a significant and ever-growing demand for a good quality representative in the area of finance and accounting. The primary virtue of the financial accounting course is that it is not only confined to a single working sphere but it has spread its tentacles to diverse fields via the medium of requirement of representatives from the respective field. In order to get acquainted with the  pros and cons of a financial accounting course, it is better to refer to its basic factors that form the basis of such courses and the respective preferences, relevant aspects, etc. associated with it.

Here are a few points that explain the scope of financial accounting course as well as other basic factors associated with it:-

  • Financial accounting being a dynamic subject owns and covers a varied range of areas. Therefore, this works as a factor for the students as they have numerous options open for them with respect to the field of accounting and finance course, which they can explore and enhance their career accordingly. 
  • The need for financial accounting professionals in every organization and field contributes to the factor of the increasing demand for the professionals and experts of this field. 
  • The field also comprises a wide range of opportunities and options for the enhancement of career graph. If the employed or working professional has a good knowledge of the field and keeps a track of all the recent activities of the field and is well acquainted and efficient with the respective skills, then he/she has a great chance of obtaining a surge in career at a rapid pace. 
  • The abundant and diverse employment prospects eventually leads to an increased and substantial job prospects with respect to the career and scope of financial accounting course. 

Conclusion:

The article consists of details regarding the diverse financial accounting courses available for students looking for significant opportunities which can help them in enriching and uplifting their career profile in the field of financial accounting. Moreover, the various aspects that are associated with finding the answer to what is scope and future of financial accounting course is also kept into consideration while framing the article. The details regarding the various courses like financial management course syllabus, duration, fee, etc. are also given to provide you an insight into some of the best viable options for the respective course. Hopefully, such information would stand useful for you in order to provide you with a significant direction with respect to such courses. 

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