Advanced Finance and Accounting for Startups

Advanced accounting & finance topics related to startup and early stage companies.
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Instructed by Chris Benjamin Business / Finance
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  • Lectures 48
  • Length 10 hours
  • Skill Level Intermediate Level
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
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About This Course

Published 2/2014 English

Course Description

Learn advanced small business accounting, covering specific topics that every growing startup will face such as options, warrants, taxes, and more with seasoned startup CFO Chris Benjamin!

This course goes into further detail, continuing on from my Finance and Accounting For Startups course. We will focus on some general accounting topics that impact all companies, as well as specific topics of interest to growing companies.

Issues such as deferred revenue, inter company accounting, international transactions accounting, and foreign currency accounting are discussed. While interrelated, these modules can be taken individually if there are specific issues you want to focus on.

Additionally, we talk about accounting for partnerships, as well as how to treat options, warrants, and other forms of derivatives. Included are examples, the pros and cons of various instruments, and how they will impact your finances.

The last part of the course focuses on financial reporting for multiple entities by consolidating subsidiaries, how to handle intangible assets, and lastly how to determine the type of lease agreements and accounting for them.

There is a downloadable item for each section, typically a checklist or example (for example, a sample partnership agreement). There is also a quiz for each section.

The video content for the course is approximately 5 hours. Students should as well expect to spent approximately 2 hours completing quizzes, and an additional 2 hours reviewing the downloadable content.

If you are a startup CEO or small business, don't be scared any longer of business accounting and finance. Learn today how to manage your finances and grow your business!

What are the requirements?

  • Basic understanding of accounting
  • Basic understanding of financial reporting

What am I going to get from this course?

  • By the end of the course you will understand accounting for options
  • An understanding of depreciation and amortization
  • An understanding of deferred revenue
  • An understanding of accrual accounting

What is the target audience?

  • Startup companies
  • Entrepreneurs
  • CEO's
  • CFO's
  • Bookkeepers
  • Accountants

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.

Curriculum

Section 1: Introduction
05:20

Introduction to Advanced Finance and Accounting for Startups

Section 2: Deferred Revenue
1 page

A worksheet for students to download and print out for use while watching the Section. Take notes, write down questions to ask the teacher, and learn some key terms and concepts.

07:35

An introduction to deferred revenue accounting and examples

06:14

The recognition of revenue when deferring, and how to handle refunds as well as uneven spreading of deferred revenue.

04:33

The accounting of deferred revenue is discussed, including when money is received and when it is earned.

07:32

How to track and reconcile deferred revenue using a spreadsheet is discussed.

Section Download - Deferred Revenue Spreadsheet Sample
2 pages
Deferred Revenue Quiz
3 questions
Section 3: Intercompany Transactions
1 page

A worksheet for students to download and print out for use while watching the Section. Take notes, write down questions to ask the teacher, and learn some key terms and concepts.

15:19

Introduction to intercompany eliminations. The reasons for them, and an explanation of the various situations which are common where inter company eliminations are necessary.

13:11

Examples of inter company transactions.

11:51

The accounting entries for various inter company eliminations are discussed

Section Download - Intercompany Financial Statement Sample
1 page
Intercompany Transactions Quiz
3 questions
Section 4: Foreign Currency Transactions
1 page

A worksheet for students to download and print out for use while watching the Section. Take notes, write down questions to ask the teacher, and learn some key terms and concepts.

09:33

An introduction to foreign currency transactions and why they are important to understand.

07:05

Examples of foreign currency transactions and how different changes in the contract can impact the financial results.

06:53

Accounting for foreign currency transactions and examples.

Section Download - Foreign Currency Transaction Gain Loss Sample
2 pages
3 questions
Section 5: Partnerships
1 page

A worksheet for students to download and print out for use while watching the Section. Take notes, write down questions to ask the teacher, and learn some key terms and concepts.

04:58

Introduction to partnerships, the criteria, and pros and cons.

13:32

Examples of partnerships along with advantages and disadvantages.

08:32

Accounting for partnerships and the varies events that happen during the life of a partnership.

Section Download - Sample Partnership Agreement
6 pages
Partnerships Quiz
2 questions
Section 6: Options & Warrants
1 page

A worksheet for students to download and print out for use while watching the Section. Take notes, write down questions to ask the teacher, and learn some key terms and concepts.

11:08

An introduction to options and warrants, the differences, and why companies issue them.

07:12

2 examples of options and warrants issued under different circumstances

12:06

Accounting for options and warrants is discussed.

Section Download - Options & Warrants Summary Information
5 pages
Options & Warrants Quiz
3 questions
Section 7: Derivatives
1 page

A worksheet for students to download and print out for use while watching the Section. Take notes, write down questions to ask the teacher, and learn some key terms and concepts.

07:33

An introduction to derivative instruments, the varies types, and advantages and disadvantages of them.

06:41

Examples of common types of derivatives and how they work.

07:03

Mark to Market, a few FAS rules, and overall derivatives accounting are discussed

Section Download - Futures Contract Flowchart
1 page
Derivatives Quiz
2 questions
Section 8: Consolidating Subsiduaries
1 page

A worksheet for students to download and print out for use while watching the Section. Take notes, write down questions to ask the teacher, and learn some key terms and concepts.

04:36

Introduction to consolidating subsidiary companies with some examples.

03:24

Example of what it means to consolidate a subsidiary company

06:01

Accounting theory and policy behind consolidating subsidiary companies

Section Download - Consolidating Subs Checklist
2 pages
Consolidating Subsiduaries Quiz
3 questions
Section 9: Intangibles
1 page

A worksheet for students to download and print out for use while watching the Section. Take notes, write down questions to ask the teacher, and learn some key terms and concepts.

02:47

An introduction to intangible assets, their characteristics and types of them.

06:30

Discussion of the varies types of intangible assets, focusing on goodwill.

05:03

Debits and credit entries for Intangible assets with examples.

Section Download - List of Intangible Assets
1 page
Intangible Assets Quiz
3 questions
Section 10: Leases
1 page

A worksheet for students to download and print out for use while watching the Section. Take notes, write down questions to ask the teacher, and learn some key terms and concepts.

03:49

Introduction to leases and the varies types of leases

06:36

Examples of leasing a plane, how to treat an escalating payment under both operating and capital lease accounting.

06:08

Accounting for leases both as the lessee and lessor is discussed.

Section Download - Equipment Lease Sample Agreement
3 pages
Leases Quiz
3 questions
Section 11: Conclusion
05:43

Revisit the goals of the course, discuss other courses available and provide contact information for Chris Benjamin the instructor.

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Instructor Biography

Chris Benjamin, Outsourced CFO for Growth Stage Ventures Going Public

I partner with growth-stage international ventures, bringing C-level management experience to help guide your company. 

I have worked as a Rogue CFO exclusively to growing companies for the last five years, bringing my past corporate experience, my passion for the entrepreneur community, and experience helping over 100+ startups succeed.

How do I help? I encourage you to visit my site to learn all: http://www.roguecfo.com/services

A short list though:
* Quarterly & Annual Audit
* Financial Statement Preparation & Analysis
* SEC Reporting
* Investor Liaison
* Cash Flow Maximization Strategies
* Revenue Growth & Expense Reduction
* Financial modeling
* Investor Package creation
* IPO, Reverse Merger & PIPE investment expert
* Exit Strategies (M&A, IPO, LBO, MBO)

As well, I serve on the Board of Directors for growth companies to help direct them towards future growth and profitability.

Specialties: MBA, Startup & growth-stage experience, raising capital, financial forecasts, business plans, virtual CFO, cash management, growth strategy, policy & procedure implementation.

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