There’s a variety of qualifications that make you eligible to study accounting. A background in mathematics and economics is usually helpful but for starters, all you need is to be the person who loves crunching numbers. I mean, if that’s not happening then just look away. Or maybe find courses to get better at that? That's why we've gathered up the best online accounting courses in this guide.
Best Online Accounting Courses
Digitalization over the past couple of decades has shifted a lot of learning to the online medium. And if you’re someone who’s always wanted to dip their toes in accounting but couldn’t find the time, maybe you can figure something out now. If you feel like turning the extra time into something that bears professional fruits, check out any of these courses for different levels of professionals, all at your service.
Introduction to Financial Accounting by Wharton
This is a certification course which will help you gain in-depth understanding and analyzing financial statements and disclosures. You will also learn the impact of managerial incentives and accounting standards on financial reporting. You will be able to read income statements and balance sheets at the end of the course. You will also be able to analyze statements of cash flows.
You will be introduced to bookkeeping and translating transactions into debits and credits. You will be able to explore income statements and their revenues and expenses. You will work on case studies to bridge the gap between industry and academia. Once you finish the 4-week course, there will be an exam with graded assessment. If you pass, you will get a certificate. The deadlines are flexible and you can pace it yourself.
Introduction to Finance, Accounting, Modeling and Valuation
This course offers excellent insight into creating, analyzing and forecasting income statements, balance sheets and cash flow statements. Towards the end, you will be able to value companies using various valuation methodologies that are actually used on Wall Street. The professor is a former Wall Street person and that’s how you know you’re getting the real deal.
You will also be able to analyze financial statements of companies and hedge funds using a variety of financial ratios and/or formulae.
Online Master’s of Accounting
This course is for beginners as well as those who are on the job and need to brush up their skills to match the young talent out there. Accountants today need to be able to do programming in Python and R. They need to do data mining and statistical analysis and regression efficiently. This is in addition to the traditional skills demanded by the job.
This course is the perfect place for those in-between needs. Some of these skills can take you high up the ladder and maybe even help start your own firm. The course itself is quite flexible and is to help those who want to switch industries entirely or just take the CPA exam.
Accounting for Decision Making
This course boasts of addressing some of the big questions of accounting. It teaches you to better understand how you’ve done over time and where you’re at currently. You will be able to better understand individual transactions and the aggregate to understand financial statements. You will also have a better understanding of individual business components like making a sale and building inventory.
You will have a better understanding of the accounts of a company (or the one you’re building) and be able to apply these skills across transactions. The course will equip you to use financial statements as tools to build ratios.
Managerial Accounting and Corporate Control
This is a course that teaches you the value of measurement systems that will help you not only in making decisions but to support the final model you draw up. It pays special attention to analyzing account information and making internal decisions.
You will be able to understand the importance of internal account information and how it can be used or misused when making layered decisions. You will also be able to develop measurement systems that help in planning and control of the cost of products and services.
By the time you finish this course, you will be able to prepare basic financial statements. You will also understand the impact of overhead costs and be able to engage in financial reporting.
Foundations of Accounting
This is, as the name suggests, for beginners in the field of accounting. The course provides an overview of financial and managerial accounting. It will introduce you to the basics of accounting like the theories, reporting, collecting and interpreting data and reading financial statements.
You will be able to see the impact of accounting in decision-making. You will be able to create basic financial statements and also understand financial forecasts which will help you with new ventures. You can finish the course at your own pace but you are required to finish all the coursework within five months of registering for it. You are also required to take a final exam at an approved testing center.
Financial Engineering and Risk Management Part I
This is a mix of finance, economics, mathematics and engineering, among others. Yes, that’s just the beginning. This course by Columbia University uses simple methods to explain derivative securities. You will learn about equities, fixed income, credit and mortgage-backed securities which can be useful even outside the world of finance.
You will also be taught the role of some of these assets when there is a financial crisis. One can never get enough of that, right? The university boasts of an interview module with Emanuel Derman, the best-selling author of “My Life as a Quant”.
This is only the beginning in untangling the web that is the field of finance and accounting. This is also a great course to understand the limitations of theories in the real world. It teaches you a healthy amount of scepticism while applying those theories.
Conclusion: Best Online Accounting Courses
Accounting is more than about getting a job and making money. Although that part is pretty great, isn’t it? These courses of various levels help you better understand your own finances and give you an insight into how the function of money changes form in our lives.
Even if you don’t want to switch fields, to take one of these courses is a pretty good idea, especially when times are so uncertain.