Course Description
The Diploma in Financial Accounting is a free online program designed to build a solid foundation in accounting. It starts by exploring the different branches of accounting, the purpose of financial statements, and the basic structure of a balance sheet. You will also be introduced to the key elements of the profit and loss account, along with essential concepts such as conservatism and depreciation. The course further explains the cash flow statement as a record of cash inflows and outflows within a specific accounting period.
As you progress, you will study corporate governance, the systems, processes, and relationships that guide and control companies. The course highlights the core principles of good governance and examines real-world failures such as the Enron scandal. You will also gain an understanding of accounting standards and principles, the history of accounting, and practical methods for recording financial transactions.
In addition, the program covers interpretation and analysis of financial statements, with a focus on ratio analysis and case studies such as TCS. By the end, you will be able to evaluate financial data with confidence and apply analytical tools effectively.
This free diploma course is ideal for students, researchers, and professionals who want to strengthen their knowledge of financial accounting and statement preparation. Enroll today to begin your journey into the world of accounting and finance.
What you will learn
- Distinguish between tangible assets and intangible assets
- State the equation for assets and owner’s equity
- Identify the main components of the profit and loss account
- List the three qualitative characteristics related to conservatism
- Discuss the importance of the cash flow statement for investors
- Define the term corporate governance
- Explain the concept of Minimum Alternate Tax (MAT)
- Provide the formula for calculating profit or loss
- Define the term Appropriation of Profit in accounting
- Explain what is meant by market capitalization
- Discuss the importance of the income statement
- Outline the two major types of financial statement analysis
Salary Insights and Job Opportunities for Diploma in Financial Accounting in Kenya.
- Accounts Assistant / Junior Accountant
- Role: Assists with preparing invoices, daily accounting entries, and record keeping.
- Salary: KES 40,000 – 80,000 per month.
2. Accounts Executive / Financial Accountant
- Role: Prepares profit & loss accounts, balance sheets, and financial reports.
- Salary: KES 65,000 – 150,000 per month.
3. Bookkeeper
- Role: Manages cash flow, bank reconciliations, and recording expenses and income.
- Salary: KES 40,000 – 90,000 per month.
4. Payroll Officer / Accounts Payable & Receivable Officer
- Role: Handles staff payroll, payments, and collections.
- Salary: KES 50,000 – 120,000 per month.
5. Financial Analyst (Entry Level)
- Role: Analyzes financial statements, prepares reports, and supports decision-making.
- Salary: KES 80,000 – 200,000 per month (entry-level).
where you will learn.
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Note: Salaries vary depending on location, company size (private vs public), and experience. This diploma gives you a strong foundation to start an accounting or finance career, and learning additional skills like QuickBooks, Excel, or financial analysis can help increase earning potential.