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Financial Accounting

Learn what accountants actually do, how financial statements are built, and how to spot earnings quality issues. Covers accrual accounting, adjusting entries, revenue recognition (ASC 606), bad debts, inventory methods (FIFO/LIFO), depreciation, cash flow mechanics, DuPont analysis, EPS and dilution, deferred taxes, and lease accounting.

Lessons in this course

Work through them in order, or jump to whichever fits where you are. Every lesson is free and saves your progress locally.

  1. 01Accrual vs Cash Accounting
  2. 02Depreciation: Spreading the Cost of Assets
  3. 03Stock-Based Compensation: The Hidden Cost
  4. 04Adjusting Entries: Why Period-End Matters
  5. 05Revenue Recognition: The ASC 606 Five-Step Model
  6. 06Bad Debts: When Customers Don't Pay
  7. 07Inventory: FIFO vs. LIFO and Why It Matters
  8. 08PP&E Deep Dive: Four Depreciation Methods and Asset Disposal
  9. 09The Cash Flow Statement: Follow the Actual Money
  10. 10DuPont Analysis: Decomposing Return on Equity
  11. 11EPS and Dilution: The Most Watched Number on Wall Street
  12. 12Deferred Taxes: Why Tax Expense Differs from Taxes Paid
  13. 13Lease Accounting: The Hidden Debt That Isn't Hidden Anymore
  14. 14Straight-Line Rent: Why Escalating Rent Is a Level Expense
  15. 15Deferred Rent: The Liability Straight-Lining Creates — and Where ASC 842 Put It
  16. 16Prepaid Rent: Why Paying the Landlord Early Creates an Asset
  17. 17Lease Disclosures: The Footnote Behind Every Lease Number
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