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Accounting 101

Master the fundamentals of financial accounting to build skills and knowledge for your finance career.

1,402 enrolled on this course

An accountant at a desk analysing a financial statement with a pen and calculator.

Accounting 101

1,402 enrolled on this course

  • 3 weeks

  • 3 hours per week

  • Digital certificate when eligible

  • Open level

Find out more about how to join this course

  • Duration

    3 weeks
  • Weekly study

    3 hours
  • 100% online

    How it works
  • Unlimited subscription

    $244.99 for one whole yearLearn more

Understand accounting and financial reporting with INCEIF

Are you considering a career in finance? Do you want a quick and easy route to gaining the skills and knowledge you need?

This three-week crash course from INCEIF University is designed to provide a foundation in financial accounting. Combining knowledge of core concepts and applied professional skills, the course will equip you for finance careers in a variety of businesses and sectors.

Discover accounting terminology and types

After a broad introduction to financial accounting, you’ll take a closer look at its terminology and types.

You’ll learn about the difference between accrual basis and cash basis, discovering key terms and concepts including fair value, the time value of money, and the going concern principle.

Learn how to structure and analyse financial statements

In Week 3 of the course, you’ll learn how to structure, analyse, and present a financial statement.

You’ll identify the key features of financial statements, and develop the skills you need to undertake rigorous statement analysis.

You’ll finish the course with the knowledge and credentials you need to kickstart your finance career.


  • Week 1

    Introduction to Accounting 101

    • Welcome to Accounting 101

      This fundamental course introduces you to the core principles and practices of accounting. Explore financial statements, transactions, and basic accounting concepts essential for understanding business finances.

    • The Need for Accounting and Financial Reporting

      Accounting and Financial Reporting are vital for transparent financial management. They provide insights, aid decision-making, and ensure regulatory compliance.

    • Summary

      Summary and reflection for Week 1.

  • Week 2

    Accounting Assumptions

    • Understanding Fundamental Accounting Assumptions

      Learn basic accounting terms, get to know the users and the financial reporting ecosystem

    • Summary

      A recap of what you have learned so far in Week 1 and what will be discussed in Week 2.

  • Week 3

    Financial Statements

    • Exploring Financial Statements

      Learn about the differences between accrual basis and cash basis, substance over form, time value of money, fair value, going concern, accounting period, and different types of business activities.

    • Summary

      A recap of what we have learned so far.

    • What's Next?

      Congratulations, you have completed the 3-week lessons. Next, in order to obtain the certificate of completion, you are required to take the course assessment. Details of the course assessment are provided on the next page.

When would you like to start?

Start straight away and join a global classroom of learners. If the course hasn’t started yet you’ll see the future date listed below.

  • Available now

Learning on this course

On every step of the course you can meet other learners, share your ideas and join in with active discussions in the comments.

What will you achieve?

By the end of the course, you‘ll be able to...

  • 1. Identify the role and purpose of financial accounting in reporting financial information
  • 2. Discuss the key accounting principles
  • 3. Demonstrate the presentation of financial statements

Who is the course for?

This introductory course is designed for anyone interested in careers in finance and financial accounting.

You don’t need any prior knowledge or experience to get the most out of this course.

Who will you learn with?

Who developed the course?


INCEIF is considered to be the knowledge leader in Islamic finance through providing excellent teaching, research and thought leadership.

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Ways to learn

Choose the best way to learn for you!

Subscribe & save

$244.99 for one whole year

Automatically renews

Develop skills to further your career

  • Access to this course
  • Access to 1,000+ courses
  • Learn at your own pace
  • Discuss your learning in comments
  • Tests to boost your learning
  • Digital certificate when you're eligible

Cancel for free anytime

Buy this course

$104/one-off payment

Fulfill your current learning need

  • Access to this course
  • Learn at your own pace
  • Discuss your learning in comments
  • Tests to boost your learning
  • Printed and digital certificate when you’re eligible

Limited access


Sample the course materials

  • Access expires 10 Jun 2024

Find out more about certificates, Unlimited or buying a course (Upgrades)

Sale price available until 3 June 2024 at 23:59 (UTC). T&Cs apply.

Find out more about certificates, Unlimited or buying a course (Upgrades)

Sale price available until 3 June 2024 at 23:59 (UTC). T&Cs apply.

Learning on FutureLearn

Your learning, your rules

  • Courses are split into weeks, activities, and steps to help you keep track of your learning
  • Learn through a mix of bite-sized videos, long- and short-form articles, audio, and practical activities
  • Stay motivated by using the Progress page to keep track of your step completion and assessment scores

Join a global classroom

  • Experience the power of social learning, and get inspired by an international network of learners
  • Share ideas with your peers and course educators on every step of the course
  • Join the conversation by reading, @ing, liking, bookmarking, and replying to comments from others

Map your progress

  • As you work through the course, use notifications and the Progress page to guide your learning
  • Whenever you’re ready, mark each step as complete, you’re in control
  • Complete 90% of course steps and all of the assessments to earn your certificate

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