Practical Accounting - Beginners, Founders & Business Owners

Understand how transactions are recorded, financial statements generated and how accounting policies Impact results !

4.35 (28 reviews)
Udemy
platform
English
language
Accounting & Bookkeeping
category
instructor
6,316
students
2.5 hours
content
May 2020
last update
$49.99
regular price

What you will learn

Fundamentals of Accounting

First Hand understanding to Financial Statements

Accounting Policies and their affect on accounting methods

Meaning & Basic understanding of All financial statements

Description

All Startup founders and business owners, executives must get a basic understanding of finance and accounting to enable themselves to be able to read financial statements, analyze results and the impact of their business decisions.

This course was recorded during a live class with startup founders who do not have any formal background in accounting and finance. Course contents, speed, and explanations are designed keeping in mind those users, hence other users may find it slow and sometimes repetitive. I repeated a few things just to make my audience understand and absorb concepts.

This Class is the first day of five-day series topics discussion in the course includes

Understanding the fundamentals of Accounting & financial statements and how to draw them.

1. Fundamentals of accounting practices.

2. Types of Accounts and Financial Statements

3. Accounting Entries

4. Relationship between Profit & Loss / Balance Sheet and Cash Flow

5. Key Accounting Policies

a. Inventory

b. Fixed Assets

c. Capital vs operating expenses.

d. Revenue Recognition

e. Expenses Accounting

6. Accounting Control Practices

a. Receivable from customers

b. Advance / pre payments

c. Accruals and Provisions

d. Fixed Assets

e. Supplier Payments

7. Working Capital

8. Analysis Steps and Methods


Please let me know if you feel any topic is missed.

Content

Understand Fundamentals of Accounting

What is Financial Accounting
Double Entry & Accounting Rules
Accounting Process and Introduction to Financial Statements
What is Accounting Equation and How Financial Statements are Linked
Summary and Classify the accounts
Internal transactions - Depreciation and Accruals
Sample Transactions in Accounting - Excercise done together

Accounting Policies and Their Impact on Accounting Profit

Key Accounting Policies
Depreciation Policies
Controlling Aspects of Fixed Assets of Business
Inventory Accounting & Controls
Revenue Accounting Policy and Segmentation
Expenses Accounting and Working Capital Concepts

BONUS SECTION

BONUS LECTURE

Screenshots

Practical Accounting - Beginners, Founders & Business Owners - Screenshot_01Practical Accounting - Beginners, Founders & Business Owners - Screenshot_02Practical Accounting - Beginners, Founders & Business Owners - Screenshot_03Practical Accounting - Beginners, Founders & Business Owners - Screenshot_04

Reviews

Harshit
June 13, 2020
Useless course. Each video is Incomplete and teaching just basics with 0 exercises and names the course as Practical Accounting. What a trashcan.
Chigoziem
December 30, 2019
The contents are very valuable, but it breaks off towards the end and doesn't continue from the last information This means that a lot of information is lost.
Benjamin
December 6, 2019
The course was helpful to understand accounting and finance concepts in easy ways. Difficult concepts were explained with the help of real life examples and the course was helpful to understand my company’s accounting statements.

Coupons

DateDiscountStatus
12/4/2019100% OFF
expired
12/10/201972% OFF
expired
11/9/2020100% OFF
expired

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2684792
udemy ID
12/2/2019
course created date
12/4/2019
course indexed date
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