Introductory Financial Accounting MOOC

Price: Free


This MOOC has been created and is supervised by Athabasca University's Faculty of Business. PowerED is pleased to provide access to this free, engaging, and informative Massively Open Online Course (MOOC).

Accounting is said to be the language of business. Regardless of whether you are a decision-maker within a business, a new manager, or are looking to move up in your organization, this course will help you understand financial information. If you've been out of school for a while and are looking to try a university business course, this may be for you.

What is it?

Introductory Financial Accounting is a free MOOC. It is divided into five modules. You will learn about the accounting cycle, how to analyze and record financial transactions, and how to report those financial transactions in financial statements. We will focus on accounting for corporations but will also touch on accounting for sole proprietorships and partnerships. You will learn how to interpret financial statements using ratio analysis and the basic technical skills needed for financial accounting.

Why should I take this course?

The MOOC includes interactive learning activities like auto-graded explorations and labs for each chapter section. There are also auto-graded quizzes at the end of each module. All of these are made available to you as you progress through the course. It allows you to learn the concepts, test them out in a safe learning environment, and is a free way that lets you start learning the basics of financial information. An AU Faculty of Business Instructor moderates module forums and FAQs.

Why is this course important?

When you finish the MOOC, you will have the skills, knowledge, and critical thinking abilities to prepare and analyze a set of basic financial statements—an important skill set in today’s economy.

How it works

Course Length
6 months

5-10 hours per week

Online, On-Demand



What should I expect from the course?

You can attempt the online, automated review and feedback exercises as often as you like. You will be automatically awarded a badge as you successfully complete labs and quizzes in the MOOC modules.

The first time you access the website, you will be asked for additional information (e.g., name and email address). This will allow us to automatically forward badges to you as you complete the various modules. You can earn a total of five badges:

BadgeOverall percent of assessments completed

What happens when I complete the course?

When you have successfully completed at least 75 per cent of the assessments in the five modules of the MOOC, you are eligible to purchase a Certificate of Completion. An email will be automatically sent to you with additional information and links.

Can I get AU course credit for this MOOC?

If you want to pursue credit for the course, you will have to successfully complete at least 75 per cent of the assessments, and then you may apply for credit for ACCT 253: Introductory Financial Accounting. This is a required course in Athabasca University’s Bachelor of Commerce program.

An email will automatically be sent to you with a link to information about the process once you get close to completion. You will be required to write a timed, invigilated, online exam that covers the material presented in the MOOC. You need to achieve at least 50 per cent on this exam to earn credit for ACCT 253.

Who will benefit

This course is for professionals interested in learning about introductory accounting principles or individuals who may want to discover more about online learning and to then move into the BComm program.

Price: Free