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BUS103: Introduction to Financial Accounting

Saylor Academy's free financial accounting course, from recording transactions to the statement of cash flows, with a free certificate.

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About this course

BUS103 teaches the accounting cycle and how financial statements are built and read. It covers recording transactions, adjusting entries, closing the books, inventory, receivables and payables, fixed assets, liabilities and equity, and the statement of cash flows, with a free final exam and certificate.

Best for: Business students, small-business owners and career changers who need accounting basics with a free certificate.

What you will be able to do

  • Record business transactions using double-entry bookkeeping
  • Prepare adjusting entries and complete the accounting cycle
  • Prepare and analyse the main financial statements
  • Account for inventory, receivables and fixed assets
  • Read a statement of cash flows

Syllabus and your progress

Tick modules off as you finish them on Saylor Academy.

0 of 7 modules done

Plan your pace

At 4 hours a week you would finish in about 16 weeks, using the course time estimate above.

Progress is saved in this browser only. No account needed.

Cost and certificate

Free certificate

Free course, free final exam and free completion certificate (6.3 CEUs); an optional ACE credit-recommended exam costs USD 5 for proctoring.

Saylor Academy sets the terms and can change them. Check the course page before you commit serious time, and tell us if something changed.

Quick answers

Is BUS103: Introduction to Financial Accounting really free?
Yes, the course material is free on Saylor Academy. Free course, free final exam and free completion certificate (6.3 CEUs); an optional ACE credit-recommended exam costs USD 5 for proctoring.
How long does BUS103: Introduction to Financial Accounting take?
Plan for about 63 hrs in total (Provider estimate: about 63 hours for the average student). It is self-paced, so you can go faster or slower.
Do I need experience before BUS103: Introduction to Financial Accounting?
No. It is a beginner course with no prerequisites listed.

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BUS103: Introduction to Financial Accounting

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