CIMA : Fundamentals of Financial Accounting

Learningidol

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Final Exam

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• Disclaimer 01:00

  • 1: Disclaimer 01:00

• Lecture 1: Introduction to Financial Accounting 12:00

  • 2: Lesson-1 Understanding the Role of Financial Accounting 03:00
  • 3: Lesson-2 Accounting Principles and Concepts 03:00
  • 4: Lesson-3 The Accounting Equation 03:00
  • 5: Lesson-4 Double-Entry Bookkeeping 03:00

• Lecture 2: Recording Financial Transactions 09:00

  • 6: Lesson-1 Recording Transactions in Journals 03:00
  • 7: Lesson-2 Posting Transactions to Ledger Accounts 03:00
  • 8: Lesson-3 Balancing Ledger Accounts 03:00

• Lecture 3: Financial Statements 11:00

  • 9: Lesson-1 Preparing the Trial Balance 02:00
  • 10: Lesson-2 Income Statement (Profit and Loss Account) 03:00
  • 11: Lesson-3 Balance Sheet (Statement of Financial Position) 03:00
  • 12: Lesson-4 Statement of Changes in Equity 03:00

• Lecture 4: Revenue Recognition and Expense Accounting 10:00

  • 13: Lesson-1 Recognizing Revenue 04:00
  • 14: Lesson-2 Matching Expenses to Revenue 03:00
  • 15: Lesson-3 Accruals and Prepayments 03:00

• Lecture 5: Cash Flow and Working Capital 09:00

  • 16: Lesson-1 Preparing a Cash Flow Statement 03:00
  • 17: Lesson-2 Understanding Working Capital 03:00
  • 18: Lesson-3 Managing Cash Flow 03:00

• Lecture 6: Inventory and Fixed Assets 09:00

  • 19: Lesson-1 Accounting for Inventory 03:00
  • 20: Lesson-2 Depreciation of Fixed Assets 03:00
  • 21: Lesson-3 Revaluation and Impairment of Fixed Assets 03:00

• Lecture 7: Bank Reconciliation and Petty Cash 06:00

  • 22: Lesson-1 Bank Reconciliation 03:00
  • 23: Lesson-2 Petty Cash Management 03:00

• Lecture 8: Financial Ratios and Analysis 09:00

  • 24: Lesson-1 Key Financial Ratios 03:00
  • 25: Lesson-2 Financial Analysis Techniques 03:00
  • 26: Lesson-3 Interpreting Financial Statements 03:00

• Lecture 9: Regulatory Framework and Ethics 09:00

  • 27: Lesson-1 UK Accounting Standards (GAAP) 03:00
  • 28: Lesson-2 International Financial Reporting Standards (IFRS 03:00
  • 29: Lesson-3 Ethical Considerations in Accounting 03:00

• Lecture 10: Revision and Practice 06:00

  • 30: Lesson-1 Review of Key Concepts 03:00
  • 31: Lesson-2 Practice Questions and Mock Exams 03:00

• Assessment 14:00

  • 32: Final Exam 14:00

The CIMA: Fundamentals of Financial Accounting course is a comprehensive introduction to the core principles that underpin financial record-keeping, statement preparation, and ethical reporting. Aligned with the CIMA qualification structure, this course equips learners with both the technical skills and theoretical understanding required to advance in the accounting profession.

Starting with the basics of financial accounting, learners will grasp accounting concepts, the double-entry system, and the accounting equation. The course then explores how to accurately record and post financial transactions into journals and ledgers, eventually leading to the creation of key financial statements such as the income statement, balance sheet, and statement of changes in equity.

Revenue recognition, accruals, prepayments, and expense matching are explored in depth to ensure alignment with CIMA’s professional accounting standards. The course also guides learners through cash flow analysis and working capital management—essential tools for understanding the financial health of a business.

Further modules address inventory control, depreciation, revaluation, and the importance of asset impairment, alongside practical tools like bank reconciliation and petty cash management. Learners will gain hands-on knowledge of calculating and interpreting financial ratios and performing financial analysis, ensuring they can extract insights from data.

In the final stages, learners are introduced to the ethical and regulatory frameworks, including UK GAAP and IFRS—key areas within the CIMA qualification. A full revision module with mock exams and practice questions helps learners prepare with confidence.

Certification
Upon successful completion of the course, learners will receive an instant, free digital certificate as official recognition of their achievement.

This course, developed by Learning Idol, blends academic rigour with practical application, making it the ideal preparation for anyone pursuing CIMA and aiming for excellence in financial accounting.

This CIMA course is ideal for individuals seeking a strong foundation in financial accounting while working toward their CIMA qualifications. It is particularly suitable for:

• Aspiring finance professionals beginning their CIMA journey

• Entry-level accountants or bookkeeping assistants

• University students seeking a competitive edge in financial studies

• Career changers transitioning into accounting roles

• Entrepreneurs or small business owners managing their own finances

If you're ready to build or formalise your knowledge of financial accounting within a recognised framework, this course provides the ideal platform to start.

To enrol, learners will need:

• Basic written English proficiency

• A stable internet connection and digital device

• A strong interest in finance or accounting

• Motivation to engage in self-paced online study aligned with CIMA standards

Completing this CIMA course supports progression into roles such as Assistant Accountant, Finance Officer, Accounts Clerk, or Bookkeeper. It also provides a clear stepping stone toward full CIMA certification and long-term careers in financial management, corporate finance, or auditing.

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