Financial Accounting 101 Syllabus

Full curriculum breakdown — modules, lessons, estimated time, and outcomes.

Overview: This 10-week beginner-level course provides a structured introduction to financial accounting, designed for learners with no prior background. You'll spend approximately 4-6 hours per week engaging with video lectures, readings, quizzes, and practical exercises. The course covers core accounting principles, the accounting cycle, financial statement preparation, and basic financial analysis. By the end, you will be able to interpret and create key financial documents and apply them to real-world business decisions.

Module 1: Introduction to Financial Accounting

Estimated time: 8 hours

  • What is financial accounting?
  • Users of financial information
  • Overview of key financial statements
  • Role of accounting in business decision-making

Module 2: The Accounting Cycle

Estimated time: 12 hours

  • Journal entries and T-accounts
  • General ledger and trial balance
  • Adjusting entries
  • Closing process

Module 3: Financial Statements in Depth

Estimated time: 12 hours

  • Balance sheet structure and components
  • Income statement preparation
  • Cash flow statement and its importance

Module 4: Analyzing Financial Performance

Estimated time: 8 hours

  • Ratio analysis and interpretation
  • Profitability and liquidity metrics
  • Using financial data for business decisions

Module 5: Accrual Accounting Principles

Estimated time: 10 hours

  • Accrual vs. cash accounting
  • Revenue recognition principles
  • Expense matching principle

Module 6: Final Project

Estimated time: 10 hours

  • Prepare a complete set of financial statements
  • Analyze a company's performance using ratios
  • Submit a written report interpreting financial results

Prerequisites

  • Basic understanding of arithmetic
  • Familiarity with business concepts (helpful but not required)
  • No prior accounting experience needed

What You'll Be Able to Do After

  • Understand and apply core financial accounting principles
  • Prepare and interpret balance sheets, income statements, and cash flow statements
  • Complete the full accounting cycle from journal entries to closing
  • Analyze financial performance using key metrics
  • Use financial data to support business decision-making
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