Udemy

Platform

English

Language

Accounting & Bookkeeping

Category

Financial Accounting in Excel - New Business

We will start a comprehensive worksheet in Excel and enter journal entries related to setting up a new business.

4.37 (1589 reviews)

31575

Students

2 hours

Content

Mar 2020

Last Update
FREE
Regular Price


What you will learn

Debits & Credits

Excel Fundamentals - Add, Subtract, Sum Function

Journalize Journal Entries

Post Journal Entries to General Ledger


Description

If we are a business owner or accounting professional who would like to get a better understanding of what our accounting software is doing

Or

An accounting student or student in general that would like to get a better understanding of what our accounting textbook is doing

This course is a course for us.

Business owners, accounting professionals, and accounting students often have the same problem with accounting. . .

that we are focused on one small component of the accounting process and not able to make all the necessary connections to other components of the accounting process to fully benefit from an understanding of how the business runs.

Business owners focus on cash flow and revenue, accounting professionals focus on their component of the accounting department and enter data into the accounting software, and accounting students focus on the topic they are currently working on.

Accounting professional often focus on one component of the accounting cycle like accounts receivable, accounts payable, or payroll often not having much time to consider the relationship with other areas of the accounting cycle.

Accounting software helps simplify the data entry process, but the simplification also restricts us from seeing how the data is being processed into the end product, into financial statements and reports.

Students are focused on one component of the accounting cycle at a time following an accounting textbook that is putting the pieces of the accounting puzzle together one step at a time.

As students zoom their focus into the current topic, they often lose sight of it fits into the larger objective and this loss of sight causes students to question the relevance of what they are losing. Student’s questioning the relevance of what they are learning causes students to lose interest. A loss of student interest causes students grades to fall.

Part of the reason accounting textbooks have a difficult time incorporating the current topic into the big picture is that a textbook is restricted by what can fit on a page and the problems a textbook provides are restricted by what a student can accomplish with paper and pencil.

The use of instructional video providing a step by step process along with Excel that allows students to sum up large columns of numbers in a short time provides the tools to create a comprehensive problem that will demonstrate current topics in the context of the entire accounting process.

Why Take This Course?

We will start to learn the accounting cycle in a comprehensive way and learn the fundamental of Excel.

Learning the accounting process without Excel or Excel without accounting is a waste of time and not an efficient way to learn either topic.

Like assets being equivalent to liabilities and equity, accounting is equivalent to Excel in many ways and therefore learning Excel will accelerate our learning of accounting and make what we learn more applicable.

Accounting is also the perfect tool to learn Excel. This course will not provide a broad overview of everything Excel can do because that is not a way to learn. Courses attempting to demonstrate all the functions Excel fail to create value for learners because learners will not retain what they learn without a foundation of core concepts and a reason for learning each new function.

This course will cover the fundamentals of Excel, those components used 99% of the time, and the components needed as a foundation for learning more about Excel.

The core components of Excel we will learn include adding, subtracting, and summing up columns of numbers.

We will learn the core concept of Excel through demonstration, repetition, and application to practical problems.

What Will Be Included in This Course?

In addition to instruction video we include an Excel worksheet with just about every presentation allowing us to both see the completed answer and work through the problems step by step along with the video.

Each Excel workbook includes at least two tabs. One tab will have the answer so that we can see how the completed worksheet is constructed and the second tab will provide us the opportunity to enter the data along with the instructional video.

Who Will We Be Learning From?

We will be learning from somebody who has practical accounting experience as a practicing CPA, teaching experience, curriculum design experience.

Credentials include:

We are learning from someone who has both instruction and curriculum development experience needed to construct comprehensive courses of a technical nature in a way that meets students’ needs and expectations.

 What Will We Learn?

We will learn how to complete the components of the accounting cycle and the fundamental of Excel including addition, subtraction, and the sum function.

Below is a short list of what is included in the accounting cycle and what we will cover in the course:

  • Journalizing journal entries
  • Posting to the general ledger
  • Create a trial balance
  • Financial statement generation

How Will We Be Taught?

We will learn through viewing and then doing.

We will demonstrate each component of the problem in small digestible parts using both a completed Excel worksheet and instructional video.

We will provide an Excel worksheet that can be filled in along with the instructional video or after watching the instructional video.

Please join us in learning Accounting, Excel, debits, and credits.

It will be Great 

Course Content Includes:

  • Start a New Business Section of Accounting & Excel Course
  • 05 Set up New Company Worksheet
  • 10 Set Up Inventory Items
  • 15 Set Up Customer Balances
  • 20 Set Up Vendors Beginning Balances
  • 25 Enter Opening Account Balances

Screenshots

Financial Accounting in Excel - New Business
Financial Accounting in Excel - New Business
Financial Accounting in Excel - New Business
Financial Accounting in Excel - New Business

Content

Introduction

Introduction

Course Outline

Start a New Business Excel Worksheet

Start a New Business Section Overview

Excel Worksheet - 6.05 Set Up New Company Worksheet

6.05 Set up New Company Worksheet

Excel Worksheet - 6.10 Set Up Inventory Items

6.10 Set Up Inventory Items

Excel Worksheet - 6.15 Set Up Customer Balances

6.15 Set Up Customer Balances

Excel Worksheet - 6.20 Set Up Vendors Beginning Balances

6.20 Set Up Vendors Beginning Balances

Excel Worksheet - 6.25 Enter Opening Account Balances

6.25 Enter Opening Account Balances



Reviews

T
Thuksel2 September 2020

actually it was a very good plate from for us to improve and all the presentations clearly explained.

B
Bassam5 July 2020

The course was good. Packed with content, however I did not feel like it was well layed out. Would have appreciated it more if it was better layed out - with that being said I was able to learn a lot from it just by having the creator be comfortable in narrating his thought process as he went along - that alone was well worth it - walked away feeling like it was well worth the effort and investment of my time.

V
Victor27 April 2020

El curso da perspectiva estructural de las finanzas, lo cual es importante para el análisis y para la toma de decisiones.

J
James13 April 2020

I learned how to better work around excel to get started on refreshing my memory on to better create a balance sheet.

H
Hira17 March 2020

Its easy ... but not informative as much...... dnt tell how to make a tables like check... or its to early to ask rating questions

P
Piyush31 December 2019

as that was a great teaching but wanted that same thing in my mother tongue. like hindi tellegu etc etc

A
Abdifatah26 October 2019

I have recently completed an MBA. Really I made use of this course, and now I can build a new business in excel. Thank you very much!!

H
Harshit28 September 2019

I'm eager to learn financial accounting in excel. It will help me in future when I'll be working on post of responsibility. And too it's interesting to gain knowledge.

G
Glennmark26 September 2019

the resources that we got through the website would not only be useful for the course but in practicality, this would definitely be a cheat score for me to complete my work faster and not to rely much on manual calculations

M
M.4 September 2019

It is a very interesting course because I used to work as an accountant assistant but we used traditional method but with this course, I'm learning how to use software and easy to record the transaction of the company.

j
judith23 August 2019

I have learned most of the things about the software side of accounting as I have only know the theory side of Accounting.

J
John27 July 2019

I really like the spreadsheets and the material that was taught. Could use some work on the delivery of instruction.

O
Omair31 May 2019

Well, I think its a very good course. The instructor have a full command on every topic and describe every aspect with clear and understandable manner.

K
Kenneth11 March 2019

Hard to say at the time. I'm looking forward to sinking myself into the activity where I can tell if the material is actually "sinking in." So far, I'm doing a lot of listening and watching, which takes a lot of effort.

A
Abdullahi8 February 2019

thanks all manegers and members today i got the some experience about the financial accounting this one is my field the level of thge university. now i know it the way of maked excel accounting like type of the analysis, type of the journalium and the post close of the accounts. thanks agian all manegers .



1479554

Udemy ID

12/23/2017

Course created date

9/16/2019

Course Indexed date
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