Category: Finance & Accounting

Udemy Finance & Accounting Courses

Grow your Finance & Accounting Professional skills.

Free Online-learning site Udemy Library is offering courses for free from now through September 24, 2020, to support access to online education for the one-third of people around the world who are currently under lockdown to prevent spreading the new coronavirus.

Financial accounting is the process of recording, categorizing, and reporting the transactions of a business. In contrast to other fields in accounting such as personal accounting or managerial accounting, financial accounting is specifically concerned with the preparation of financial statements for public use as required by banks, government regulators, shareholders, and other stakeholders. These statements typically include a company’s income statement (also known as a profit and loss or P&L statement), balance sheet, and statement of cash flows.

Accurate financial accounting plays a critically important role in financial management, as these statements collectively provide an agreed-upon framework for both internal and external parties to evaluate the financial health of a company.