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This course is part of the track.
In this accounting fundamentals course, discover what's behind the numbers in financial statements, such as balance sheets and income statements.
8
weeks
6-8
hours per week
7
modules
Self-Paced
with regular deadlines
This course earns you a Certificate of Completion from HBS Online. What you earn.
Overview
Syllabus
Enrollment
Stories
FAQs
Key Concepts
Who Will Benefit
Learn the language of business through accounting as you gain the skills and knowledge to analyze financial statements.
Reading a balance sheet was completely alien to me. Since taking Financial Accounting, I’ve been keeping track of my company’s annual reports, and the accounting that I learned helps me in understanding where the business may head in the future. I’ve also been tracking a few other companies for investment purposes, and I’ve realized that I can make more informed decisions with my improved knowledge of company financials.
Pankaj Prashant
Medium Term Planning Engineer at Rio Tinto
Prepare for the MBA classroom with the program Harvard Business School offers to incoming students.
A few weeks into the course, accounting terminology came alive as I realized why accounting is the language of business. I can now talk confidently with clients and understand the business aspect of their problems.
Gaurang Manjrekar
Technology Consultant
Gain confidence in your ability to understand financial statements and communicate financial results.
My job is project-based, and I'm currently leading the operational functions of a system-wide IT implementation, a project that affects the daily work of a few thousand employees. Knowing how to read financial statements or look at data sets and understand them has helped me make major decisions on future state reporting.
Kali Pfaff
What You Earn
Certificate of Completion
Certificate of Specialization
Learn More about what you earn
Syllabus
Download full syllabus
8.5
hrs
Module 1
The Accounting Equation
Understand key accounting concepts, terms, and principles.
Highlights
Receiving Payments in Advance
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Concepts
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Accounting Equation Components
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Basic Transactions and the Equation
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Accounting Principles and Rules
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Formal Definitions of Accounting Terms
Featured Exercise
-
Demonstrate how different transactions impact the accounting equation
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8.5
hrs
Module 2
Recording Transactions
Understand where financial statement information originates.
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Concepts
-
Journal Entries and T-Accounts
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Advanced Journal Entries
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The Trial Balance
Featured Exercises
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Record business transactions as journal entries
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Construct a trial balance
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8.5
hrs
Module 3
Financial Statements
Understand the content and purpose of the income statement and balance sheet and how the trial balance is used to create both.
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Concepts
-
The Balance Sheet
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The Income Statement
Featured Exercise
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Construct the balance sheet and income statement
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8.5
hrs
Module 4
Adjusting Journal Entries
Understand complex accounting transactions and how they relate to accounting principles and recognize the impact of judgment and bias on financial statements and accounting practices.
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Concepts
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Accruals and Deferrals
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Inventory
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Long-Lived Assets
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Credit Risk Management
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Deferred Taxes
Featured Exercise
-
Record advanced business transactions as journal entries
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8.5
hrs
Module 5
The Statement of Cash Flows
Understand how to construct and interpret the cash flow statement and recognize the differences between GAAP and IFRS standards for cash flow statement creation.
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Concepts
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Operating: Direct Method
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Operating: Indirect Method
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Investing and Financing
Featured Exercise
-
Use the statement of cash flows to evaluate the financial health and lifecycle stage of a business
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8.5
hrs
Module 6
Analyzing Financial Statements
Evaluate company performance using profitability, efficiency, leverage, and other ratios.
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Concepts
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Profitability
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Efficiency
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Leverage
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Other Ratios
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Impact of Policy Differences
Featured Exercise
-
Analyze ratios and use the DuPont Framework to evaluate the financial state and strategy of a business
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8.5
hrs
Module 7
Accounting for the Future
Use financial forecasting to predict future revenue, expenses, and cash flow and understand key concepts and metrics in valuation, including time value of money, terminal value, and net present value.
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Concepts
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Pro Forma and Free Cash Flows
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Valuation
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Lease Accounting
Featured Exercises
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Prepare pro-forma financial statements
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Calculate and forecast free cash flows
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Learn how to value a venture, project, or investment opportunity and perform a sensitivity analysis of key assumptions
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Free E-Book
Access your free e-book
Our Difference
This course will teach you the fundamentals of financial accounting from the ground up.
Stay active by engaging in a new activity every three to five minutes.
Stay active by engaging in a new activity every three to five minutes.
Description of silent animated video above: Assets equals liabilities and owner's equity
Get social by collaborating with a global community of peers before, during, and after your course. Learners who successfully complete an HBS Online program will be added to the HBS Online Community's Official Networking Group and gain exclusive access to events and other networking opportunities.
Get social by collaborating with a global community of peers before, during, and after your course. Learners who successfully complete an HBS Online program will be added to the HBS Online Community's Official Networking Group and gain exclusive access to events and other networking opportunities.
Description of silent animated video above: Learner types an answer in the discussion board in response to a peer's question
Immerse yourself in real-world, case-based examples brought to life by industry-leading companies, including PepsiCo, Mahindra Finance, Morgan Stanley, and the American Red Cross.
Immerse yourself in real-world, case-based examples brought to life by industry-leading companies, including PepsiCo, Mahindra Finance, Morgan Stanley, and the American Red Cross.
Description of silent animated video above: Learner scrolls through video interviews from prominent business leaders
About the Professor
V.G. Narayanan
Financial Accounting
Thomas D. Casserly, Jr. Professor of Business Administration at Harvard Business School.
"Financial Accounting puts you in the shoes of an equity research analyst, yoga studio owner, and leader of one of the largest nonprofits in the United States. You’ll wrestle with the same issues they faced, while problem-solving and interacting with fellow learners from around the world."
Dates & Eligibility
Starting
Jun
19
8 Weeks $1,750 + applicable international taxes
Application deadline is closed
View weekly calendar
Closed
Starting
Jul
24
8 Weeks $1,850 + applicable international taxes
Application deadline July 15
View weekly calendar
Starting
Oct
16
8 Weeks $1,850 + applicable international taxes
Application deadline October 7
View weekly calendar
-
- Free application
-
- No documentation required
-
- Confirmation within one week
All applicants must be at least 18 years of age, proficient in English, and committed to learning and engaging with fellow participants throughout the course.
Learn about bringing this course to your organization.
Learner Stories
90%
are more self-assured at work
Having the perspectives of my peers and all the constructive conversation encouraged me to think in new and creative ways. Knowing that your peers were rating your participation and reading your contributions was truly compelling.
Leslie Pico
Entrepreneur
This was an awesome way to get your feet wet in the world of business. I think that the courses were well-designed so as to maximize the impact they have on your real-world outlook.
Lachlan Hanbury-Brown
Chemistry at Harvard University
Read more learner stories
* Source: 2022 surveys and course data
All FAQs
Financial Accounting FAQs
In addition to being a standalone certificate program, Financial Accounting is also one component course of the Credential of Readiness (CORe) program, which also includes Economics for Managers and Business Analytics. Designed for those interested in learning business fundamentals more broadly, CORe program participants progress through the three courses in tandem, and the program concludes with a final exam.
Participants are expected to fully complete all coursework in a thoughtful and timely manner. This will mean meeting each week’s course module deadlines and fully answering questions posed therein, including satisfactory performance on the quizzes at the end of each module (earning an average score of 50% or greater). This helps ensure your cohort proceeds through the course at a similar pace and can take full advantage of social learning opportunities. A module is composed of a series of teaching elements (such as faculty videos, simulations, reflections, or quizzes) designed to impart the learnings of the course. In addition to module and assignment completion, we expect participation in the social learning elements of the course by offering feedback on others’ reflections and contributing to conversations on the platform. Participants who fail to complete the course requirements will not receive a certificate and will not be eligible to retake the course.
More detailed information on individual course requirements will be communicated at the start of the course. No grades are assigned for Financial Accounting. Participants will either be evaluated as complete or not complete.
For more information on grading, please refer to the Policies Page.
Financial Accounting participants may be eligible for financial aid based on demonstrated financial need. To receive financial aid, you will be asked to provide supporting documentation. Please refer to our .
You will have access to the materials in every prior module as you progress through the program. Access to course materials and the course platform ends 60 days after the final deadline in the program. At the end of each course module, you will be able to download a PDF summary of the module’s key takeaways. At the end of the program, you will receive a PDF compilation of all of the module summary documents.
Harvard Business School Online
Certificate in Financial Accounting
[Cohort Start Month and Year]
List your certificate on your LinkedIn profile under "Education" with the language from the Credential Verification page:
School: Harvard Business School Online
Dates Attended: [The year you participated in the program]
Degree: Other; Certificate in Financial Accounting
Field of Study: Leave blank
Grade: Complete
Activities and Societies: Leave blank
For the program description on LinkedIn, please use the following:
Financial Accounting is an 8-week, 60-hour online certificate program from Harvard Business School. This course teaches the fundamentals of financial accounting from the ground up. Participants learn how to prepare and interpret financial statements—the balance sheet, income statement, and cash flow statement—and calculate and interpret critical ratios. The course concludes with an introduction to forecasting and valuation. Financial Accounting was developed by leading Harvard Business School faculty and is delivered in an active learning environment based on the HBS signature case-based learning method.
By enrolling in the Financial Accounting certificate program, participants will be ineligible to enroll in the CORe program. By enrolling in the CORe program, participants will be ineligible to enroll in Financial Accounting.
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