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NYIF: Accounting System Structure and Information Management

4.8 stars
15 ratings

Get introduced to accounting concepts and learn how accountants measure income and record transactions.

Accounting System Structure and Information Management
4 weeks
1–2 hours per week
Self-paced
Progress at your own speed
Free
Optional upgrade available

There is one session available:

7,594 already enrolled! After a course session ends, it will be archivedOpens in a new tab.
Starts Mar 28

About this course

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This course begins with an introduction to financial accounting and explains how accounting information assists in making decisions. We’ll look at the components of the balance sheet and analyze the effect of transactions on the balance sheet equation. We’ll review the different types of ownership and compare the features of sole proprietorships, partnerships, and corporations.

We’ll then proceed to learn how accountants measure income and explore the concepts of revenue recognition and matching. We’ll look into the relationship between the balance sheet and income statement and cover the statement of retained earnings and earnings per share.

We’ll wrap up this course with a look at the double-entry system and recording process and learn how to prepare and use a trial balance.

This course is part 1 of the New York Institute of Finance’s Financial Accounting Professional Certificate.

Free Preview! Access Module 1 for free. For full course access, upgrade to a verified certificate.

At a glance

  • Institution: NYIF
  • Subject: Economics & Finance
  • Level: Introductory
  • Prerequisites:

    ● Basic MS Excel skills

    ● Elementary mathematics

  • Language: English
  • Video Transcript: English
  • Associated programs:
  • Associated skills:Income Statement, Accounting Information Systems, Accounting Software, Information Management, Financial Accounting, Balance Sheet, Finance, Revenue Recognition, Accounting, Retained Earnings

What you'll learn

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  • Accounting Concepts
  • Measuring Income
  • Recording Transactions
  • Mod 01: Accounting Concepts (Audit this module for Free )

  • Mod 02: Measuring Income

  • Mod 03: Recording Transactions

This course is part of Financial Accounting Professional Certificate Program

Learn more 
Expert instruction
6 skill-building courses
Self-paced
Progress at your own speed
5 months
1 - 2 hours per week

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