Get a Certificate in Financial Accounting

Are you someone who loves delving into numbers to uncover hidden insights, and making financial sense out of chaos? In this course, you will receive a comprehensive introduction to the exciting world of financial accounting.

Whether you are an aspiring financial accountant, or simply an interested individual who wishes to take control of your own personal or business finances, this course will equip you with a strong understanding of financial accounting methods and principles.

What Happens in the Financial Accounting Certificate Course

The Financial Accounting Certificate Course is an online learning program with recommended readings from the textbook (Principles of Accounting, Volume 1: Financial Accounting). This course is self-directed, which means you may study and complete assignments at times that are most convenient for you from the comfort of your own home.

This part-time Financial Accounting Certificate Course has a recommended completion date of 8 weeks from the start of the program, however, you may choose to complete the course in as little as 4 weeks or as long as 16 weeks, depending on your schedule.

The Financial Accounting Certificate Course has been created to allow you to complete it without teaching assistance. However, if you have questions or need assistance, you can receive help from a Faculty Member throughout the 8 weeks of the course. Your Faculty Member is a valuable resource person who can provide you with personal teaching assistance to help you succeed in the course.

Course Topics

The Financial Accounting Certificate Course has been developed to meet high academic standards, ensuring that as a graduate you can display with pride the Financial Accounting Certificate you will earn from the International Association of Professions Career College (IAP Career College).

The Role of Accounting in Society

  • Explain the Importance of Accounting and Distinguish between Financial and Managerial Accounting
  • Identify Users of Accounting Information and How They Apply Information
  • Describe Typical Accounting Activities and the Role Accountants Play in Identifying, Recording, and Reporting Financial Activities
  • Explain Why Accounting is Important to Business Stakeholders
  • Describe the Varied Career Paths Open to Individuals with an Accounting Education

Introduction to Financial Statements

  • Describe the Income Statement, Statement of Owner’s Equity, Balance Sheet, and Statement of Cash Flows, and How They Interrelate
  • Define, Explain, and Provide Examples of Current and Noncurrent Liabilities, Equity, Revenues, and Expenses
  • Prepare an Income Statement, Statement of Owner’s Equity, and Balance Sheet

Analyzing and Recording Transactions

  • Describe Principles, Assumptions, and Concepts of Accounting and Their Relationship to Financial Statements
  • Define and Describe the Expanded Accounting Equation and Its Relationship to Analyzing Transactions
  • Define and Describe the Initial Steps in the Accounting Cycle
  • Analyze Business Transactions Using the Accounting Equation and Show the Impact of Business Transactions on Financial Statements
  • Use Journal Entries to Record Transactions and Post to T-Accounts
  • Prepare a Trial Balance

The Adjustment Process

  • Explain the Concepts and Guidelines Affecting Adjusting Entries
  • Discuss the Adjustment Process and Illustrate Common Types of Adjusting Entries
  • Record and Post the Common Types of Adjusting Entries
  • Use the Ledger Balances to Prepare an Adjusted Trial Balance
  • Prepare Financial Statements Using the Adjusted Trial Balance

Completing the Accounting Cycle

  • Describe and Prepare Closing Entries for a Business
  • Prepare a Post-Closing Trial Balance
  • Apply the Results from the Adjusted Trial Balance to Compute Current Ratio and Working Capital Balance, and Explain How These Measures Represent Liquidity
  • Appendix: Complete a Comprehensive Accounting Cycle for a Business

Merchandising Transactions

  • Compare and Contrast Merchandising versus Service Activities and Transactions
  • Compare and Contrast Perpetual versus Periodic Inventory Systems
  • Analyze and Record Transactions for Merchandise Purchases Using the Perpetual Inventory System
  • Analyze and Record Transactions for the Sale of Merchandise Using the Perpetual Inventory System
  • Discuss and Record Transactions Applying the Two Commonly Used Freight-In Methods
  • Describe and Prepare Multi-Step and Simple Income Statements for Merchandising Companies
  • Analyze and Record Transactions for Merchandise Purchases and Sales Using the Periodic Inventory System

Accounting Information Systems

  • Define and Describe the Components of an Accounting Information System
  • Describe and Explain the Purpose of Special Journals and Their Importance to Stakeholders
  • Analyze and Journalize Transactions Using Special Journals
  • Prepare a Subsidiary Ledger
  • Describe Career Paths Open to Individuals with a Joint Education in Accounting and Information Systems

Fraud, Internal Controls, and Cash

  • Analyze Fraud in the Accounting Workplace
  • Define and Explain Internal Controls and Their Purpose within an Organization
  • Describe Internal Controls within an Organization
  • Define the Purpose and Use of a Petty Cash Fund, and Prepare Petty Cash Journal Entries
  • Discuss Management Responsibilities for Maintaining Internal Controls within an Organization
  • Define the Purpose of a Bank Reconciliation, and Prepare a Bank reconciliation and Its Associated Journal Entries
  • Describe Fraud in Financial Statements and Sarbanes-Oxley Act Requirements

Accounting for Receivables

  • Explain the Revenue Recognition Principle and How It Relates to Current and Future Sales and Purchase Transactions
  • Account for Uncollectible Accounts Using the Balance Sheet and income Statement Approaches
  • Determine the Efficiency of Receivables Management Using Financial Rations
  • Discuss the Role of Accounting for Receivables in Earnings Management
  • Apply Revenue Recognition Principles to Long-Term Projects
  • Explain How Notes Receivable and Accounts Receivable Differ
  • Appendix: Comprehensive Example of Bad Debt Estimation

Inventory

  • Describe and Demonstrate the Basic Inventory Valuation Methods and Their Cost Flow Assumptions
  • Calculate the Cost of Goods Sold and Ending Inventory Using the Periodic Method
  • Calculate the Cost of Goods Sold and Ending Inventory Using the Perpetual Method
  • Explain and Demonstrate the Impact of Inventory Valuation Errors on the Income Statement and Balance Sheet
  • Examine the Efficiency of Inventory Management Using Financial Ratios

Long-Term Assets

  • Distinguish between Tangible and Intangible Assets
  • Analyze and Classify Capitalized Costs versus Expenses
  • Explain and Apply Depreciation Methods to Allocate Capitalized Costs
  • Describe Accounting for Intangible Assets and Record Related Transactions
  • Describe Some Special Issues in Accounting for Long-Term Assets

Current Liabilities

  • Identify and Describe Current Liabilities
  • Analyze, Journalize, and Report Current Liabilities
  • Defy and Apply Accounting Treatment for Contingent Liabilities
  • Prepare Journal Entries to Record Short-Term Notes Payable
  • Record Transactions Incurred in Preparing Payroll

Long-Term Liabilities

  • Explain the Pricing of Long-Term Liabilities
  • Compute Amortizations of Long-Term Liabilities Using the Effective-Interest Method
  • Prepare Journal Entries to Reflect the Life Cycle of Bonds
  • Appendix: Special Topics Related to Long-Term Liabilities

Corporation Accounting

  • Explain the Process of Securing Equity Financing through the Issuance of Stock
  • Analyze and Record Transactions for the Issuance and Repurchase of Stock
  • Record Transactions and the Effects on Financial Statements for Cash Dividends, Property Dividends, Stock Dividends, and Stock Splits
  • Compare and Contrast Owners’ Equity versus Retained Earnings
  • Discuss the Applicability of Earnings per Share as a Method to Measure Performance

Partnership Accounting

  • Describe the Advantages and Disadvantages of Organizing as a Partnership
  • Describe How a Partnership Is Created, Including the Associated Journal Entries
  • Compute and Allocate Partners’ Share of Income and Loss
  • Prepare Journal Entries to Record the Admission and Withdrawal of a Partner
  • Discuss and Record Entries for the Dissolution of a Partnership

Statement of Cash Flows

  • Explain the Purpose of the Statement of Cash Flows
  • Differentiate between Operating, Investing, and Financing Activities
  • Prepare the Statement of Cash Flows Using the Indirect Method
  • Prepare the Completed Statement of Cash Flows Using the Indirect Method
  • Use Information from the Statement of Cash Flows to Prepare Ratios to Assess Liquidity and Solvency

What Is Included in the Financial Accounting Certificate Course

This all-inclusive Financial Accounting Certificate Course Online package includes:

  • Registration for the Financial Accounting Certificate Course Online
  • Access to a Faculty Member to provide you with personal teaching assistance
  • Textbook: Principles of Accounting, Volume 1: Financial Accounting (e-book edition)
  • Downloadable Financial Accounting Certificate personalized with your name and the seal of the International Association of Professions Career College which you may print
  • (Optional) Opportunity to order official certificates printed on fine linen paper and embossed with the gold seal of the college
  • (Optional) 2024 membership in the IAPO International Organization of Business Professionals for only $2.99 per month

Register for the Financial Accounting Certificate Course

$149.00
SPRING SPECIAL
Easy changes and cancellations
It’s easy to change or cancel your course registration. See our FAQ page for details.

You can have all this for an incredible price. It can cost hundreds, or even thousands, of dollars to take other programs. (We found courses based on old editions of our guides with registration fees of up to $999 and more.) We are able to offer you online courses at a significantly lower cost to you because of our expertise from over 20 years of producing the leading online guides for non-traditional careers.

Our online certificate courses have previously been offered for a registration fee of $297 U.S. and include a textbook and professional membership – a total value of almost $377.

SPRING SPECIAL: This all-inclusive registration package for the Financial Accounting Certificate Course is priced as only $149.00 for the June 03, 2024 course.

Register today for the Financial Accounting Certificate Course. Enrollment is limited and registration is on a first come first served basis, so we recommend that you register early for the Financial Accounting Certificate Course online to avoid disappointment.

If the course is full, please email support@iapcollege.com to be notified when a new course date is scheduled.

To ensure your complete satisfaction all certificate courses are backed by our full 100% money back guarantee.

Financial Accounting and Your Career

Do you have a natural curiosity for unraveling financial mysteries? Do you see numbers as not mere digits, but as stories waiting to be told? Are you the type of person who knows that each decision has a financial ripple effect, and that sound financial decisions drive business success?

If you answered ‘yes’ to the questions above, this introductory financial accounting certificate course might be a perfect fit for you!

This course is committed to demystifying financial jargon and concepts, making them accessible regardless of your prior experience or knowledge. Whether you are a prospective financial accounting student, a career changer, or someone simply seeking to improve their financial acumen, our Financial Accounting Certificate Course welcomes all who are fascinated by the language of numbers.

According to the U.S. Bureau of Labor Statistics, accountants examine financial statements for accuracy and conformance with laws. They also assess financial operations and work to ensure that organizations run efficiently.

Financial accountants are paid well for this important work, with a median annual salary in 2021 of $79,310, and many experienced financial accountants earning more than $100,000 per year.

Industries with the highest level of employment for financial accountants include accounting, tax preparation, bookkeeping and payroll services; finance and insurance; and government. Many people with a background in accounting manage companies and enterprises, or are self-employed.

This is a career that requires higher education. In order to gain employment in accounting, financial accountants typically need at least a bachelor’s degree in accounting, finance or economics. Many accountants also pursue additional certification, such as a Certified Public Accountant (CPA) license in order to expand their career opportunities.

Before investing years of time and thousands of dollars in advanced degrees, an introductory course such as this can give you the opportunity to learn core concepts and gain insight into the field of financial accounting to help you decide if this is a profession you wish to pursue.

For every student who takes this financial accounting course from IAP Career College, we make a donation to textbook publisher OpenStax, part of Rice University, a 501(c)(3) nonprofit.

If IAP Career College has the course that you are looking to take, take it. I hesitated between several career colleges prior and choosing IAP was the best decision I had made. In 4 months, I had already completed 2 certifications and those won’t be my last. It gives you clear insights on the program you wish to learn and the schedule is adaptable to your lifestyle.
Nicole Buenaventura, Montreal, Quebec, Canada

Why Get a Certificate?

How can you benefit with a certificate from the International Association of Professions Career College (IAP Career College)?

A certificate from the International Association of Professions Career College may give you:

  • Respect as a professional
  • A competitive advantage when marketing your services
  • A sense of achievement and confidence
  • A credential for your resume when applying for jobs
  • Assurance to clients of your professionalism
  • Evidence of your expertise
  • Higher earnings (according to the U.S. Bureau of Labor Statistics in Certificates: A fast track to careers)

With the International Association of Professions Career College, you can earn a certificate online more quickly and affordably than many other educational options.

Why Choose IAP Career College?

The International Association of Professions Career College (also known as IAP Career College) aims to offer the finest in affordable online certificate programs for dream careers.

The textbooks for most of our courses were developed by our parent company, the leading online publisher of career guide books on how to get started in a dream career, with an A+ rating from the Better Business Bureau.

Our guides have been used as textbooks for more than a decade, and you can find them in the career centers and library collections of many famed colleges and universities – from the University of Texas to the Fashion Institute of Technology – as well as in numerous public libraries in cities from Vancouver to New York.

It can cost hundreds, or even thousands, of dollars to take other certificate programs. When we discovered online courses based on old editions of our career guides costing over $1,000.00, we knew it was time to offer our own online certificate programs.

Now, the leader in online career guides for dream careers, along with a team of respected academics, have created online certificate programs through IAP Career College, allowing you to study and earn a certificate from the comfort of your own home.

Established online in 1999, the parent company of IAP Career College (known as FabJob) is an award-winning organization named “the #1 place to get published online” by Writer’s Digest. Our company and career guides have been featured in media ranging from ABC to Oprah’s newsletter and respected news sites ranging from CNN to the Wall Street Journal online.

We continue this tradition of excellence in online career education with the International Association of Professions Career College. Each of our career certificate programs has been developed to meet high academic standards, ensuring that as a graduate you can display with pride the certificate you will earn from the International Association of Professions Career College.

We invite you to learn more about the online certificate courses we offer you by visiting our Certificate Courses page. We are also happy to answer any of your questions to help you decide whether an online certificate course from the International Association of Professions Career College is right for you.

Have questions or need help?

Contact an Academic Advisor at International Association of Professions Career College:

support@iapcollege.com

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About IAP Career College

IAP Career College, also known as the International Association of Professions Career College, is a private online career college affiliated with FabJob Inc, the leading online publisher of guide books on how to get started in a dream career, serving hundreds of thousands of career changers on six continents since 1999. Learn more about us.

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  • How Much Money Do Financial Accountants Make?
    Financial accountants are paid well for their important work, with a median annual salary in 2021 of $79,310, and many experienced financial accountants earning more than $100,000 per year.
  • What Does a Financial Accountant Do?
    Do you have a natural curiosity for unraveling financial mysteries? Do you see numbers as not mere digits, but as stories waiting to be told? Are you the type of person who knows that each decision has a financial ripple effect, and that sound financial decisions drive business success? If you answered ‘yes’ to the questions above, this introductory financial accounting certificate course might be a perfect fit for you! This course is committed to demystifying financial jargon and concepts, making them accessible regardless of your prior experience or knowledge. Whether you are a prospective financial accounting student, a career changer, or someone simply seeking to improve their financial acumen, our Financial Accounting Certificate Course welcomes all who are fascinated by the language of numbers. According to the U.S. Bureau of Labor Statistics, accountants examine financial statements for accuracy and conformance with laws. They also assess financial operations and work to ensure that organizations run efficiently.
  • How Do I Become a Financial Accountant?
    This is a career that requires higher education. In order to gain employment in accounting, financial accountants typically need at least a bachelor’s degree in accounting, finance or economics. Many accountants also pursue additional certification, such as a Certified Public Accountant (CPA) license in order to expand their career opportunities. Before investing years of time and thousands of dollars in advanced degrees, an introductory course such as this can give you the opportunity to learn core concepts and gain insight into the field of financial accounting to help you decide if this is a profession you wish to pursue.
  • What is the Financial Accounting Certificate Course?
    In this part-time online Financial Accounting Certificate Course, you will receive a comprehensive introduction to the world of finance. From the importance of accounting to crucial terminology, activities, financial reports and methods, this course will provide you with a strong foundation in financial accounting. You will receive a Financial Accounting Certificate when you successfully complete this course. This online course has a recommended completion date of 8 weeks, however it may be completed in as little as 4 weeks or as long as 16 weeks. The course has been created to allow you to complete it without any teaching assistance, however as a student you have access to Faculty Members to provide you with personal teaching assistance and career advice.
  • What is IAP Career College?
    The International Association of Professions Career College (IAP Career College) is a leading online career college offering affordable online certificate courses and professional certifications for non-traditional and "dream" careers. When you take a part-time online certificate course with IAP Career College, you can schedule your learning around your life - you can work at your own pace, at the best times for you and from the comfort of your own home. IAP Career College and affiliated company FabJob Inc (the leading online publisher of guide books on how to get started in a dream career) have served over half a million career changers on six continents since 1999.