Accounting 105 - Profit & Loss Statements & Balance Sheets
Easiest Way To Create & Understand Profit & Loss Statements and The Balance Sheet - Step by Step Approach!
What you will learn
Students will be able to create Profit & Loss Statements and The Balance Sheet
Students will be able to understand the important financial statements
Students should be able to work as Book keepers with some practice
Why take this course?
🚀 Unlock the World of Finance with Accounting 105! 🌱
Course Title: Accounting 105 - Profit & Loss Statements & Balance Sheet
Your Journey to Financial Literacy Begins Here!
Course Headline:
Easiest Way To Create & Understand Profit & Loss Statements and The Balance Sheet - Step by Step Approach! 📊✨
Overview:
Welcome to the final installment of our accounting journey, Accounting 105! This course is the culmination of a series designed for absolute beginners. It's time to master the basics and step confidently into the professional accountant realm. Whether you aspire to enhance your career, pursue freelance opportunities, or simply wish to understand the financials of your business, this course will provide you with the tools and knowledge you need. 🎓💼
What You'll Learn:
Course Outline:
- Calculating Sales & Net Sales - Discover how to accurately track your revenue.
- Calculating Purchases & Net Purchases - Learn to distinguish between purchases and what affects their net value.
- Finding the Cost of Goods Sold (COGS) - Understand exactly what COGS means for your bottom line.
- Calculating Gross & Net Profit - Determine the true profitability of your enterprise.
- Creating the Profit & Loss Statement - Learn step by step how to create and interpret a P&L statement.
- Profit & Loss Statement with Year End Adjustments - Ensure accuracy in your financial reporting.
- Understanding Assets: Current vs Non-Current - Get to grips with the different types of assets on your balance sheet.
- Creating the Balance Sheet From Scratch - Master the balance sheet, a key financial statement.
- Using and Building a Template for P&L Statements and Balance Sheet - Streamline your accounting process with practical templates.
- Practice Questions and Answers - Test your knowledge and refine your skills.
Why Take This Course?
Upon completion, students who are of the proper age can consider entry-level job opportunities as bookkeepers. However, to truly excel in the real world, continuous practice of these concepts is essential. 🏫💡
Prepare to Dive Deeper:
Accounting 102 - The Ledger & The Trial Balance 📚 Accounting 103 - The Special Journals & The Subsidiary Ledgers 📅 Accounting 104 - Bank Reconciliation & Correction Of Errors 🏦
These courses serve as the perfect foundation to build upon, each course carefully designed to progressively develop your accounting expertise. 🌐🚀
Enroll Now and Embark on Your Financial Mastery Adventure! 🎉
Don't let complexity cloud your understanding of finance. With Accounting 105, you'll walk away with clear, practical skills that will serve you for years to come. Sign up today and join a community of learners transforming their financial literacy! 🤓💼💰
Note: This course is tailored for beginners. If you're already familiar with accounting principles, we recommend our advanced-level courses for a more challenging learning experience. Let's demystify accounting together! 🛠️✍️🔑
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