The financial accounting division is the cornerstone of every company. Accounting services are needed by businesses to maintain financial records in a range of categories, including credit, debit, payroll, tax filing, etc. Therefore, it is not surprising that accounting knowledge is always in demand.
The US Bureau of Labor Statistics has forecast a growth of 10% for the auditor and accountant job market over the next ten years, in comparison to the overall job development representation figure for all professions over the same period of time of 7%.
So it seems that the financial reporting profession’s future is beginning to take shape.
Online accounting courses and certificate programs are widely available, and they offer an impressive and adaptable alternative to traditional classroom programs.
Take a look at the list of suggested accounting courses and training materials below if you’re not sure where, to begin with, your online accounting courses and training.
On this list, you can pick from both free and paid courses, which you can finish at your own speed and comfort.
10+ Best Online Accounting Courses You Must Try In (2023)
If you are in a bit of a hurry, then refer to this quick overview of the best online accounting courses.
|Sr. No||Best Accounting Courses||Platform||Rating|
|1.||Financial Accounting Specialization||Coursera||4.7/5|
|2.||Your Finance and Accounting Skills path||LinkedIn Learning||4.7/5|
|4.||Accounting Foundations: Understanding Financial Statements||Skillshare||4.6/5|
|5.||Accounting MicroMasters Program||edX||4.7/5|
|6.||Accounting: From Beginner to Advanced||Udemy||4.5/5|
|7.||Basics of Accounting Specialization||Coursera||4.6/5|
|8.||Financial Accounting Part 1 and Part 2||LinkedIn Learning||4.8/5|
|9.||Financial Accounting Basics||Udemy||4.2/5|
|10.||Getting started in Finance and Accounting||LinkedIn Learning||4.5/5|
Best Online Accounting Courses 2023
Here is a detailed overview of the best accounting courses available on various online platforms.
1. Financial Accounting Specialization (Coursera)
The financial accounting specialization course is a concrete course that provides you with all the accounting concepts.
In this course, you will master the technical skills that are needed to analyze financial statements and various disclosures. It covers how managerial incentives and accounting standards impact the financial reporting process.
The course talks about accounting fundamentals and balance sheets in the first module. It will cover the complete balance sheet equation as well as discusses the liabilities, stockholders, and assets.
Next, you get to learn accrual accounting and how it impacts revenues and expenses. Along with adjusting entries, the course discusses closing entries and the preparation of balance sheets and income statements.
Moreover, you will have an overview of the classification of cash flows into operating, financial activities, and investing. Finally, you will get covered with the ratio analysis and final test, which will provide you with a certificate of completion.
You will learn some case studies that will help you to understand accounting better. You will be capable of reading the three most prevalent financial statements by the end of this course: the income statement, balance sheet, and statement of cash flows.
|Instructor||Brian J Bushee|
|Level||Beginner to Intermediate|
2. Your Finance and Accounting Skills Path (LinkedIn Learning)
This specialization course contains 7 different courses that will cover complete financial, tax, and managerial accounting.
You get to review various concepts like accounting, budgeting, and financial analysis. You will learn how to use financial data that will review business conditions and identify and develop plans.
It will let you explore how money can be managed to get the work done and see how to establish and maintain budgets.
You will get introduced to the basic four types in the first course i.e. managerial accounting, income tax accounting, financial accounting, and bookkeeping.
In the further courses, you will learn how financial statements are created from ledgers and how to read and analyze financial statements. Next, you will understand the business tax foundations, complete risk analysis, and corporate financial statement analysis.
By the end of this specialization, you will master all the accounting and finance concepts from basics with various interactive tests and quizzes.
|Instructor||Jim Stice, Earl Stice, Michel McDonald|
|Level||Beginner to intermediate|
3. Accounting Analytics (Coursera)
Accounting Analytics uncovers the relationship between financial performance and information from financial statements and other metrics.
In this course, you will discover how data can be used to forecast potential financial outcomes and determine what factors influence financial results. Although there are many economic and accounting organizations that produce data, financial reporting analytics uses that data to produce insight.
This course will look at the various ways that accounting data can offer insight into other business areas, such as forecasting consumer behaviour, developing corporate strategies, managing risks, and optimizing processes.
By the end of this course, you will comprehend how non-financial data and financial records are related to predicting events, improving operations, and formulating strategic plans.
In order to use what you’ve gained to make your own business decisions and develop a strategy using financial information, this course has been created to assist you in making better business decisions about the emerging roles of financial reporting analytics.
|Instructor||Brian J Bushee, Christopher D. Ittner|
|Duration||10 hours approx|
4. Accounting Foundations: Understanding Financial Statements (Skillshare)
This course is specially designed by the CEO of Skillshare, Matt Cooper, who will teach you to read and interpret important financial statements that everyone should know.
It is a complete walkthrough of the three basic financial spreadsheets, i.e. cash flow statements, balance sheets, and income statements.
It will explain to you the differentiation between cash vs accrual accounting. You will know how to calculate revenue and balance sheets. Further, you will learn detailed income statements with an interactive example that will help you understand them better.
Then Matt turns to the complete balance sheet and cash flow statements with a wide range of examples.
By the end of this course, you will learn to calculate topline revenue, how to balance your statements, and various key terms and basic equations in accounting.
After taking this class, you’ll be able to participate fully in any organization, no matter your role.
5. Accounting MicroMasters Program(edX)
In this course, you will look at a number of critical issues relating to education and studying in the digital world that instructors need to be attentive to.
It will give you an overview of the differences between traditional and virtual learning, how young people’s digital routines are changing, and some key impacts that must be made when developing student-centred education programs.
You will research how teaching has changed over time and how that has affected how students are taught in the digital age. You have the opportunity to examine the evolution of online courses as well as some crucial characteristics of effective virtual learning environments.
It helps you to learn about digital literacy, how writing and reading online differs from writing and reading on paper, and the effects this has on education.
In order to achieve deeper interaction and impactful learning experiences, educators must be aware of a number of important design considerations.
|Instructor||Barbara Kurshan, Donna Murdoch, Betty Chandy|
6. Accounting: From Beginner to Advanced (Udemy)
This course covers a wide range of accounting-related topics and is suitable for students at any level (Beginner, Intermediate, or Advanced). It starts at the beginner level, where terms and concepts are explained and progress gradually to the advanced level of accounting.
Each section is methodically broken down into distinct related topics, making it simple to understand.
The course will start with basic accounting concepts and principles which will explain terms like GAAP, business entity, revenue recognition, and accrual basics.
Then you will be introduced to essential financial concepts like ledger accounts, business transactions, assets, liabilities, capital expenditure, revenue expenditure, payables, and inventory.
The course also explains the complete process of accounting and various types of errors in accounting. It covers how to reconcile the balance in the Bank account in books and balance as per the bank statement on a particular day.
Further, you will have a look at inventories, depreciation, bills of exchange, and sales of goods on a return basis.
This explains the terms “sale of goods on consignment and sale of goods on a return basis,” “accounting for the sale of goods on a return basis,” and “goods sold on consignment in books of consignor and consignee.”
Moreover, you also get covered with the average due date calculation, final accounts of sole proprietors, partnership accounts, nonprofit organizations, and company accounts.
|Level||Basic to Intermediate|
7. Basics of Accounting Specialization (Coursera)
You will understand the fundamentals of the two accounting goals in this Specialization. More specifically, you will comprehend the financial statements that managers produce and be able to interpret and evaluate them in order to determine the organization’s financial standing.
Additionally, you will be able to recognize and comprehend the characteristics, uses, and significance of various types of accounting information that can be used to inform business decisions.
The courses will take you through a complete understanding of the company’s position, its performance, and financial statements. Moreover, it will cover accounting for business decision-making by measuring strategy building.
Through the capstone, you will put these fundamentals into practice through the lens of a brand-new company, developing a business plan, forecasts, and budgets, as well as anticipating the information needs of your staff, as well as those of your future shareholders, creditors, and other stakeholders.
|Instructor||Kevin Jackson, Gary Hecht, Sharon P. Cox|
|Duration||4 hours per week (6 months)|
8. Financial Accounting Part 1 And Part 2 (LinkedIn Learning)
This extensive, stand-alone training program is made to give managers, analysts, and business owners the assurance they need to use financial data to inform strategic decision-making.
The professors Jim Stice and Earl Kay Stice illustrate concepts like the distinction between net income and cash flow and the significance of the credits and debits system in daily accounting by using actual reports from companies like Microsoft and Walmart.
They aid in your comprehension of assets and liabilities, interpretation of the balance sheet, income statement, and statement of cash flows, evaluation and correction of journal entries, and preparation of your own financial statements.
It will talk about financial statement forecasting, cash flow analysis, business valuation, and other topics. They estimate the value of Mcdonald’s as the course’s final project using the various models covered in the course.
This MBA-level course is filled with case studies and insights that will enable you to make the connection between accounting theory and its practical application
|Price||Free for new users|
|Instructor||Jim Stice, Earl Stice|
|Level||Beginner to intermediate|
9. Financial Accounting Basics (Udemy)
With a particular focus on small businesses, this course offers a simple introduction to financial accounting.
The goal of the course is to provide the foundational knowledge required for nonprofit managers, small business owners, accounting students, and bookkeepers to interpret and analyze financial statements.
No prior knowledge of accounting or business is necessary to comprehend the material in this course.
The lectures are delivered in an approachable, jargon-free, and humorous way. Even though they are brief, the lectures are in-depth.
Every fundamental idea and method is covered. Each lecture includes a link to a web page with an extensive written summary of the subjects covered. Downloadable key image files are available separately. Key topics are put to the test with brief quizzes.
10. Getting Started in Finance and Accounting (LinkedIn Learning)
This program combines 6 different courses on accounting. You will dive into various concepts like accounting, financial analysis, budgeting, etc.
These courses will give you a complete overview from basics like foundations of accounting to budgeting in real life. With these courses, you will be able to create a budget that will be based on your values, set achievable goals, and balance spending and saving.
You will explore the processes to determine how the money will be spent to get the work done and see how to set and maintain realistic budgets.
This course will also help you to analyze the risk and obtain financing to understand how markets and banks operate.
|Price||Free trial available|
|Level||beginner to advanced|
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Conclusion: Best Online Accounting Courses (2023)
Looking for the best, we examined about 10 online accounting courses.
We took into account price, curriculum content, duration, who each class is best suited for, and the instructor who is going to teach you. We also investigated the online accounting course provider’s standing.
So choose the best suitable course as per your requirements and get a mastery over the accounting concepts.
Share your thoughts in the comment section below.
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