Financial accounting is a specialised field that involves recording, summarising, and reporting financial transactions to communicate a business's financial health and performance to stakeholders. It follows established principles like GAAP or IFRS. Financial statements rely upon investors, creditors, and regulatory bodies for informed decisions.
There are many institutes, universities and online platforms that offer financial accounting courses. Some top universities offering financial accounting courses are Amity University, Noida, XLRI Jamshedpur and Jain Deemed to be University, Bangalore. Top online platforms like Udemy, Coursera and Alison offer financial accounting courses. Some platforms also offer free courses. The average fees for these courses range from INR 8,000 - 20,000.
Accountants can avail of diverse job roles like CA, Finance Manager, Accounts Manager etc. The starting salary of an accountant ranges from INR 2.5 - 5 LPA. However, with experience, the average salary for these job roles ranges from INR 12 - 25 LPA.
Top 10 Financial Accounting Courses Online
Financial accounting courses teach principles and practices for preparing financial statements for external users, providing accurate information about a business's financial performance and position. Some of the top Financial Accounting courses offered by various platforms, along with the course fees, are given below:
| Course Name | Provider | Course Fee |
|---|---|---|
| Certificate in Financial Accounting | IISDT | INR 1,000 |
| Certified Accounts Professional | NIFM | INR 35,000 |
| Accounting 101 - The Principles of Accounting | Udemy | INR 699 |
| Accounting & Financial Statement Analysis: Complete Training | Udemy | INR 499 |
| Introduction to Finance, Accounting, Modelling, and Valuation | Udemy | INR 499 |
| Accounting & Bookkeeping Masterclass: Beginner to Advanced | Udemy | INR 499 |
| Introduction to Finance and Accounting Specialization | Coursera | INR 6,577 |
| Fundamentals of Accounting Specialization | Udemy | INR 499 |
Top Financial Accounting Courses
Financial Accounting courses are provided by various sources such as colleges, institutes and online platforms as well. Most courses are provided with certificates. The top financial accounting courses offered by different universities and institutes are given below, along with the course fees and providers.
Financial Accounting Courses with Certificates
The financial accounting courses that provide certificates for the candidates are listed below. Most of the time, offers are on the website so the student can avail of the course at a discount as high as 90%.
| Course Name | Provider | Course Fees |
|---|---|---|
| Introduction to Financial Accounting | Coursera | INR 6,577/- (1 month) |
| INR 4,385/- (3 months) | ||
| INR 3,289/- (6 months) | ||
| Financial Accounting Fundamentals | Coursera | INR 4,079/- (1 month) |
| INR 2,720/- (3 months) | ||
| INR 2,040/- (6 months) | ||
| Accounting: Principles of Financial Accounting | Coursera | INR 6,577/- (1 month) |
| INR 4,385/- (3 months) | ||
| INR 3,289/- (6 months) | ||
| Introduction to Financial Accounting: The Accounting Cycle Specialization | Coursera | INR 3,247 /- (1 month) |
| INR 2,165 /- (3 months) | ||
| INR 1,624/ - (6 months) |
University Affiliated Financial Accounting Courses
Several Universities offer Financial accounting courses. Some of the universities that offer financial accounting courses are listed below.
| Course Name | Provider | Course Fees |
|---|---|---|
| B.Com Professional Accounting and Finance | Jain Deemed to be University, Bangalore | INR 2,34,000 |
| PG Diploma in Finance and Accounting | Amity University, Noida | INR 1,60,000 |
| Postgraduate Certificate in Human Capital Leadership | XLRI Jamshedpur | INR 4,20,000 |
| Certification Program in Corporate Finance & Analytics - KPMG in India | KPMG Noida | INR 96,000 |
Free Financial Accounting Courses
The Financial accounting courses that are available free of cost at different online platforms are given below:
| Course Name | Provider |
|---|---|
| Business accounting: Methods of Organisation of Internal Processes | Lectera |
| Financial Awareness: Basic Tools of Capital Increase | Lectera |
| Investing in Simple Language: Financial Freedom and Passive Income | Lectera |
| Basics of Finance and Accounting | Alison |
| Diploma in Financial Accounting | Alison |
| Financial Accounting Basics | Alison |
Online Financial Accounting Courses
Top virtual learning platforms like Coursera, Udemy, and LinkedIn Learning are offering courses in Financial Accounting. Most of the time, offers are on the websites so the students can avail of the courses at a discount as high as 90%.
Udemy Financial Accounting Courses
Udemy is an online platform that offers different courses. Most of the time, offers are going on the website so the students can get the courses at a very discounted price. The top Financial Accounting courses offered by Udemy are given below, along with the course fees.
| Course Name | Duration | Course Fee |
|---|---|---|
| Accounting 101 - The Principles of Accounting | 1.5 hours | INR 699/- |
| Accounting & Financial Statement Analysis: Complete Training | 3.5 hours | INR 499/- |
| Introduction to Finance, Accounting, Modelling, and Valuation | 4.5 hours | INR 499/- |
| Accounting & Bookkeeping Masterclass: Beginner to Advanced | 16 hours | INR 499/- |
| Fundamentals of Accounting Specialization | 3 hours | INR 499/- |
| The Complete Financial Analyst Course 2024 | 1.7 hours | INR 499/- |
Coursera Financial Accounting Courses
Courses on Coursera can be done free of cost. However, the students might not receive any certificates after availing of the course for free. Coursera's top financial accounting courses are given below, along with the course fees.
| Course Name | Duration | Course Fee |
|---|---|---|
| Introduction to Financial Accounting | 1 Month | INR 6,577 |
| 3 Months | INR 13,155 | |
| 6 Months | INR 19,732 | |
| Introduction to Finance and Accounting | 1 Month | INR 6,577 |
| 3 Months | INR 13,155 | |
| 6 Months | INR 19,732 | |
| Global Financial Markets and Instruments | 1 Month | INR 4,079 |
| 3 Months | INR 8,159 | |
| 6 Months | INR 12,239 |
LinkedIn Learning Financial Accounting Courses
LinkedIn Learning provides financial accounting courses by industry experts, covering basic principles to advanced reporting and analysis, preparing professionals and learners with essential skills. Below, some of the top financial accounting courses offered by LinkedIn Learning are mentioned.
| Course Name | Duration | Course Fee |
|---|---|---|
| Accounting Foundations: Global Finance and Accounting | 1 Hour 46 Mins | INR 1,400/- |
| CFI Corporate Finance Foundations Professional Certificate | 8 Hours | INR 1,567/- |
| Economics for Everyone: Understanding a Recession | 36 Mins | INR 1,400/- |
| Financial Modelling Foundations | 3 Hours | INR 899/- |
| Financial Accounting Foundations | 1 Hour 49 Mins | INR 1,400/- |
| Accounting Foundations: Budgeting | 1 Hour 37 Mins | INR 1,150/- |
| Economics for Everyone: Understanding a Recession | 36 Mins | INR 1,400/- |
Financial Accounting Courses Syllabus
The financial accounting syllabus provides an understanding for money and numbers, covering transactions, financial statements, company performance, costs, and forensic accounting to comprehend business finances. Below, some of the major subjects are mentioned in the table.
| Introduction to Accounting | Revenue Recognition |
| The Accounting Equation | Expense Recognition |
| Double-Entry Accounting | Assets and Liabilities |
| Financial Statements | Cash and Cash Equivalents |
| Accounting Cycle | Accounting for Inventory |
| Depreciation and Amortization | Accounting for Investments |
| Financial Ratios and Analysis | Accounting for Income Taxes |
| Accounting for Leases | - |
Financial Accountant Jobs and Salary
There are several Job Roles for a person with financial accounting knowledge. Forensic accountants, CAs, and Account Managers are some of them. The starting salary of an accountant ranges from INR 2.5 - 5 LPA. However, with experience, the average salary for these job roles ranges from INR 12 - 25 LPA.
| Job Roles | Average Salary |
|---|---|
| Cost and Management Accountant (CMA) | INR 7.1 LPA |
| Chartered Accountant (CA) | INR 7 LPA |
| Forensic Accountant | INR 7.2 LPA |
| Public Accountant | INR 11 LPA |
| Tax Accountant | INR 3.6 LPA |
| Auditor | INR 3 LPA |
| Finance Manager | INR 13 LPA |
| Account Manager | INR 6 LPA |
| Financial Controller | INR 22.5 LPA |
| Finance Director | INR 43.6 LPA |
| Cost and Management Accountant (CMA) | INR 7.1 LPA |
| Chartered Accountant (CA) | INR 7 LPA |
Financial Accounting Courses: FAQs
Ques. Can we learn Financial Accounting Courses online?
Ans. Yes, you can learn courses on Financial Accounting online by various websites such as Udemy, Coursera, LinkedIn, etc.
Ques. What is financial accounting?
Ans. Financial accounting is a field that prepares and presents financial information about a business or organisation, aiming to provide accurate and relevant data to external users.
Ques. Who uses financial accounting?
Ans. Instances of inner clients are proprietors, chiefs, and workers. Outer clients are individuals outside the business substance (association) who use bookkeeping data. Instances of outer clients are providers, banks, clients, financial specialists, possible speculators, and duty specialists.
Ques. What is the average salary of an Accountant in India?
Ans. The average annual salary of an accountant in India ranges from INR 12 - 25 LPA.
Ques. Name some of India's top recruiting companies hiring accountants.
Ans. Some of the top recruiting companies hiring Accountants in India are Accenture, Deloitte, Ernst & Young, Tata Consultancy Services, Central Bank of India, Wipro, etc.
Ques. What kinds of sectors hire accountants in India?
Ans. Accountants are in demand either individually or in teams in sectors such as Finance, Insurance, Banking, Corporate sectors, etc.
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