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5

Recognise how financial statements are produced, how transactions are documented, and how accounting policies affect the outcomes!

£30.00 inc. VAT
Course Access

1 year

Last Updated

November 21, 2023

Students Enrolled

1

Course Duration

2 hours, 25 minutes

Course Instructor
Certification
To be able to interpret financial accounts, evaluate outcomes, and comprehend the impact of their company actions, all CEOs and startup founders need to get a fundamental grasp of accounting and finance. This lecture was taped in real time, with business founders who have no formal training in finance or accounting. Because the pace, explanations, and course content were created with those users in mind, other users could find it tedious and even repetitious at times. To ensure that my audience understood and retained the principles, I reiterated a few points. The first day of a five-day series of topics covered in this class discussion 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

What you will learn

  • Fundamentals of Accounting
  • First-Hand understanding of Financial Statements
  • Accounting Policies and their effect on accounting methods Meaning & Basic understanding of All financial statements

Is this course for you?

This course is ideal for those who work in or aspire to work in the following professions:
  • Startup Founder and Co-founder
  • Small Business Owners
  • Other Business Executives with no formal background in accounting
  • MBA students

Why Choose this course?

  • Conducted by industry experts
  • Get Instant E-certificate
  • Fully online, interactive course with Professional voice-over
  • Developed by qualified professionals
  • Self-paced learning and laptop, tablet, smartphone-friendly

Industry Expert Instructor

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5 5
619
Students
Finance
CFO

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Course Content

    • What is Financial Accounting 00:13:00
    • Double Entry & Accounting Rules 00:10:00
    • Accounting Process and Introduction to Financial Statements 00:14:00
    • What is Accounting Equation and How Financial Statements are Linked 00:21:00
    • Summary and Classify the accounts 00:07:00
    • Internal transactions – Depreciation and Accruals 00:12:00
    • Sample Transactions in Accounting – Excercise done together 00:06:00
    • Key Accounting Policies 00:06:00
    • Depreciation Policies 00:12:00
    • Controlling Aspects of Fixed Assets of Business 00:13:00
    • Inventory Accounting & Controls 00:11:00
    • Revenue Accounting Policy and Segmentation 00:08:00
    • Expenses Accounting and Working Capital Concepts 00:12:00
    • Get Your Certificate & Transcript 00:00:00

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