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Rice University

Accounting for Non-Finance Professionals

Financial statements are a key source of information about the economic activities of a firm. This course is a primer on the construction and basic interpretation of financial statements that should provide learners with a rudimentary understanding of the types of information included in the four primary financial statements: balance sheet, income statement, cash flow statement, and statement of stockholders equity. We will spend time recording transactions using accounting terminology and then building financial statements from those transactions to provide you with an understanding of how and why transactions influence the various financial statements. We will focus on the language of accounting including such terms as the accounting equation, debits and credits, T-accounts, journal entries, accruals versus cash flows, and more. By the end of the course learners will be able to understand the basic differences and similarities of the four financial statements, and will have developed a solid foundation to build upon in an introductory financial accounting course at the MBA level. It is ideally suited for those learners that have never taken a financial accounting course before, as well as for those students who would like to refresh their understanding of basic financial accounting concepts.

Status: Income Statement
Status: Financial Statements
BeginnerCourse17 hours

Featured reviews

SS

5.0Reviewed Nov 26, 2025

I feel really confident after completing this course.

AK

5.0Reviewed Nov 3, 2025

This course provided a solid understanding of financial statements and how to interpret them in real-world contexts.

SB

5.0Reviewed Dec 19, 2025

It was very refreshing journey as being an accounting student. Surly Some topic which i felt bit shy about got cleared here.

SD

5.0Reviewed Aug 17, 2024

This course breaks down accounting terminologies and calculations into easy-to-understand bits.

BH

5.0Reviewed Dec 23, 2025

To the point and very accurate. the practices and exercises (in excel files mostly at the end of each chapter/module) are also very helpful and intuitive

All reviews

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Bhavsar Dipalkumar Hasmukhlal
5.0
Reviewed Nov 28, 2025
Nakul Bhuwalka
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Reviewed Nov 30, 2025
Tramie
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Brenon Jimerson
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Reviewed Sep 11, 2025
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Reviewed Dec 24, 2025
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Reviewed Dec 20, 2025
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Damián De la Garza Ramos
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Reviewed Jun 21, 2025
Sonalee Dutta
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Reviewed Dec 4, 2025
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Reviewed Nov 8, 2025