Accounting Fundamentals: Understanding Financial Statements 

Join Skillshare CEO Matt Cooper to learn to read and understand the essential financial statements everyone should know! No matter your career path, everyone should understand the basics of business accounting. Start here with a straightforward walkthrough of the three essential financial spreadsheets: income statements, balance sheets, and cash flow statements.

Learn the essential financial statements and accounting principles with the Accounting Fundamentals online course. Taught by industry leaders, this course will equip you with the skills to read and understand financial information. Enroll now!


Understanding financial statements is a crucial skill for professionals in any field. Whether you’re an entrepreneur, manager, or aspiring business leader, a solid foundation in business accounting is essential for making informed decisions. This article introduces the Accounting Fundamentals online course, designed to provide you with the knowledge and skills necessary to read and comprehend financial statements. Led by industry expert Matt Cooper, this course offers a comprehensive exploration of the essential financial spreadsheets that everyone should know.

Course Overview

The Accounting Fundamentals course is a comprehensive online learning experience that demystifies financial statements. With step-by-step guidance, Matt Cooper simplifies complex accounting concepts, making them accessible to learners of all backgrounds. This course is suitable for individuals with no prior accounting knowledge, as well as professionals looking to enhance their financial literacy. By the end of the course, you’ll gain the confidence to navigate financial information and actively contribute to your organization’s success.

What You’ll Gain

Enrolling in the Accounting Fundamentals course offers numerous benefits. By completing this course, you’ll acquire essential skills, including the ability to interpret financial statements accurately. Understanding income statements, balance sheets, and cash flow statements will enable you to grasp the financial health of a company and make informed decisions. Additionally, this course equips you with the knowledge to communicate effectively with accounting professionals, ensuring seamless collaboration across departments.

Who This Course is For

The Accounting Fundamentals course caters to a wide range of individuals seeking to develop their financial acumen. Whether you’re an entrepreneur looking to understand the financial health of your business, a manager wanting to make data-driven decisions, or a professional looking to enhance your skill set, this course is designed for you. No prior accounting knowledge is required, as the course covers fundamental concepts in a clear and concise manner.

The Basics of Business Accounting

Before diving into financial statements, it’s essential to grasp the basics of business accounting. The Accounting Fundamentals course provides a solid foundation in accounting principles, starting with differentiating cash accounting and accrual accounting. Understanding these two methods is crucial, as they impact how revenue and expenses are recognized in financial statements. Moreover, you’ll learn how to calculate topline revenue, a key indicator of a company’s financial performance.

Essential Financial Statements

The heart of business accounting lies in financial statements. The Accounting Fundamentals course delves into the three essential financial statements: income statements, balance sheets, and cash flow statements. Each statement serves a unique purpose and provides valuable insights into a company’s financial status. Matt Cooper guides you through each statement, explaining their components and significance, so you can confidently analyze financial information.

Income statements reveal a company’s revenues, expenses, and net income. By understanding the structure of income statements, you’ll be able to assess a company’s profitability and identify areas of potential improvement. Balance sheets, on the other hand, provide a snapshot of a company’s financial position at a given point in time. They present assets, liabilities, and shareholders’ equity, offering a comprehensive view of a company’s resources and obligations. Lastly, cash flow statements track the flow of cash in and out of a business, highlighting its liquidity and ability to meet financial obligations.

Balancing Your Statements

Accurate financial statements are crucial for informed decision-making. In the Accounting Fundamentals course, you’ll learn the importance of balancing your statements. Balancing ensures that the information presented is accurate and reliable. Matt Cooper shares techniques and best practices to help you achieve balance in your financial statements, equipping you with the skills needed to avoid errors and ensure the integrity of your financial data.

Key Terms and Basic Equations

To navigate the world of accounting, it’s essential to understand key terms and basic equations. The Accounting Fundamentals course introduces you to important accounting terminology, demystifying complex jargon. From assets and liabilities to revenue and expenses, you’ll become familiar with the language of accounting. Additionally, you’ll learn basic equations used in financial statements, such as the calculation of net income and the computation of key financial ratios.

Hands-on Class Project

Learning is most effective when accompanied by hands-on practice. In the Accounting Fundamentals course, you’ll have the opportunity to reinforce your knowledge through a class project. The project involves filling in a financial spreadsheet for your business, allowing you to apply the principles and concepts learned in the course. Whether you’re running a lemonade stand or managing a real organization, this exercise enables you to explore the financial statements of public companies, experiment with revenue lines, and observe how assets and liabilities impact cash flow.


Enrolling in the Accounting Fundamentals online course opens a world of financial knowledge and empowers you to make informed decisions. By understanding financial statements, you’ll possess a valuable skill set applicable to any organization. Taught by industry leader Matt Cooper, this course equips you with the tools to navigate financial information confidently. Don’t miss the opportunity to enhance your financial literacy and contribute to your organization’s success. Enroll in the Accounting Fundamentals course today and embark on a journey of financial understanding.


  1. Can I enroll in the Accounting Fundamentals course if I have no prior accounting knowledge?
  • Absolutely! The Accounting Fundamentals course is designed for individuals with no prior accounting experience. Matt Cooper explains complex concepts in a straightforward manner, ensuring learners of all backgrounds can comprehend and apply the knowledge effectively.
  1. How long does the course take to complete?
  • The course is self-paced, allowing you to progress at a speed that suits your schedule. On average, learners complete the Accounting Fundamentals course in approximately [insert average duration] hours. However, you can adjust the pace to fit your learning style and commitments.
  1. Will I receive a certificate upon completion of the course?
  • Yes, upon successful completion of the Accounting Fundamentals course, you’ll receive a certificate of completion. This certificate serves as evidence of your newly acquired skills and can be added to your professional portfolio.
  1. Can I access the course material after enrollment?
  • Once you enroll in the Accounting Fundamentals course, you’ll have unlimited access to the course material. You can revisit the lessons, review key concepts, and further deepen your understanding whenever you need to.
  1. Are there any prerequisites for taking this course?
  • No prerequisites are required to enroll in the Accounting Fundamentals course. The course starts with the basics and gradually builds upon that foundation, ensuring all learners can follow along and grasp the concepts effectively.