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Principles of Financial Accounting

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Principles of Financial Accounting
Instructor Michael Bennett
Category Bachelor’s Degree Courses
Last Update June 25, 2026
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Principles of Financial Accounting

A comprehensive virtual Principles of Financial Accounting course covering the accounting equation, double-entry bookkeeping, the accounting cycle, and the preparation and analysis of income statements, balance sheets, and cash flow statements for students and professionals.

Course Information

  • Qualification Professional Certificate in Financial Accounting
  • Study Mode 100% Online / Virtual (Self-paced)
  • Progression Route Accounts Assistant, Bookkeeper, Junior Accountant, Finance Officer
  • Awarding Body Learnoow Academy (CPD Accredited)

What you'll learn

  • Understand fundamental accounting principles and the accounting equation
  • Record business transactions using double-entry bookkeeping
  • Work through the full accounting cycle from journal to trial balance
  • Prepare an income statement, balance sheet, and cash flow statement
  • Read, analyse, and interpret financial statements to assess performance

Course Description

Our Principles of Financial Accounting virtual course gives you a clear, practical grounding in the language of business — accounting. From the accounting equation and double-entry bookkeeping to preparing and interpreting financial statements, this course equips you with the essential skills to record, analyse, and communicate financial information with confidence.

Delivered 100% online and self-paced, the course is designed for students, business owners, and aspiring finance professionals. You will work through real-world examples covering the full accounting cycle, the income statement, balance sheet, and cash flow statement, building a strong foundation for further study or a career in finance.

What you will gain

  • A solid understanding of accounting principles and the accounting equation
  • Confidence with double-entry bookkeeping and the full accounting cycle
  • The ability to prepare income statements, balance sheets, and cash flow statements
  • Skills to record and adjust transactions, including accruals and depreciation
  • The ability to read, analyse, and interpret financial statements

Entry Requirements

There are no formal prerequisites for this course. It is suitable for beginners, students, and professionals new to accounting. Basic numeracy and good written English are recommended. Learners will need a computer with a stable internet connection to access the online materials.

Qualification Details

A foundation-level certification covering the core principles and practice of financial accounting, from double-entry bookkeeping to financial statement preparation. Ideal preparation for further study and professional qualifications such as AAT, ACCA, and CIMA.

Career Progression

On completion, learners can pursue roles such as Accounts Assistant, Bookkeeper, and Finance Administrator, and progress towards Junior Accountant, Management Accountant, and Financial Controller positions. The course also provides a strong foundation for professional qualifications including AAT, ACCA, and CIMA.

Accreditation

This course is CPD accredited and aligned with internationally recognised accounting standards and best practice, including the principles underpinning IFRS and GAAP. On successful completion, learners receive a verifiable digital certificate that can be shared on LinkedIn and added to a professional CV.

Contact Information

For course support, email support@learnoow.com or use the help centre inside your learner dashboard. Our support team is available Monday to Friday, 9am-5pm, and aims to respond to all queries within 24 hours.

  • Discover the role and purpose of financial accounting, the accounting equation, and the key principles and assumptions that underpin financial reporting.

  • Master the double-entry system, debits and credits, journals, and ledgers, and learn how every transaction keeps the accounting equation in balance.

  • Follow the full accounting cycle, including the trial balance, adjusting entries such as accruals and depreciation, and closing the books.

  • Learn to prepare the income statement, balance sheet, and statement of cash flows, and understand how the three statements connect.

  • Use ratios and analysis techniques to interpret financial statements and assess a business’s profitability, liquidity, and financial health.

Michael Bennett

Lead Instructor & Certified Project Management Professional (PMP)

Sarah Mitchell is a PMP and PRINCE2 certified project management professional with over 15 years of experience leading complex projects across the technology, construction, and finance sectors. As a passionate educator, she has trained thousands of aspiring project managers and specialises in making Agile, Scrum, and traditional methodologies practical and easy to apply in the workplace.

  • No prior experience is required. The course starts with the fundamentals of accounting and gradually builds up to preparing and analysing financial statements, making it suitable for complete beginners and those refreshing their knowledge.

  • Yes. The course is 100% online and self-paced, so you can study anytime, anywhere, at a pace that suits you. All materials are accessible through your learner dashboard.

  • Yes. On successful completion you will receive a CPD-accredited digital certificate that you can download, share on LinkedIn, and add to your CV.

  • No specialist software is required. The course focuses on understanding accounting principles and manual preparation of accounts, though we explain how these concepts map to popular accounting software.

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