Master Finance in Three Hours

Apply Financial Skills at Work Immediately
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  • Lectures 29
  • Length 3 hours
  • Skill Level Beginner 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 10/2014 English

Course Description

"The most Effective and Efficient Way to Learn is to Practice"

Enroll Now and GET ACCESS to:

  • 3+ hours of Screen Cast Dedicated Videos (screen capture with audio narration)
  • Practice Problems (in Excel & Word Formats)
  • Useful Financial Templates (in Excel & Word Formats)
  • Examples using business-related financial Information (real life applicable learning)

Acquire very quickly and with lots of fun and applicable knowledge of vital financial topics applicable to all businesses, such as:

-Income Statement-Balance Sheet-Statement of Cash Flows-Accrual and Cash Accounting-Financial Analysis Methods (Trend Analysis, Vertical Analysis and Variance Analysis)-Financing A Small and Medium Size Business (Bootstrapping, Crowd-Funding, Angel Investors and Venture Capital).

Right upon completion of the taught material and practice problems you will be able to:

a) understand and apply easily finance, b) evaluate financial information, and c) make effective financial decisions.

Why take this finance course?

It is a practice-based course since you can 'learn finance only by doing'. This is achieved through:

-The use of multiple case examples in the video lectures illustrating thoroughly finance topics;

-The numerous exercises and financial templates that are provided to students as a way for them to practice and internalize more deeply the taught material.

-The student support provided by the instructor on any questions students may have regarding the course.

I am looking forward to helping you understand the above financial topics, since you will need to apply them in your own job, business, studies or life.

" Learn Finance Once & For All "

Let's Start ... Learning Today!

What are the requirements?

  • This course assumes you have little or no knowledge in Finance or it's been a while since the last time you used Finance.

What am I going to get from this course?

  • Understand the purpose and usefulness of the three major financial statements (Income Statement, Balance Sheet, and Statement of Cash Flows).
  • Practice on how to complete Income Statements by the use of exercises and templates.
  • Understand how the Accrual and Cash accounting methods recognize revenue and expenses.
  • Practice on recognizing revenue and expenses based on Accrual and Cash Accounting with real business examples.
  • Understand in the Balance Sheet the different financial accounts and categories, apply the accounting equation and prepare balance sheets.
  • Practice on the design of the Statement of Cash Flows by the use of exercises and templates.
  • Understand methods of Financial Analysis using Trend, Vertical and Variance analysis for effective decision making
  • Practice on Financial Analysis Methods by the use of exercises and templates, draw conclusions, and make decisions to improve financial performance.
  • Consider different methods by which a business may be financed at its early or later stages.

What is the target audience?

  • Entrepreneurs, Working Professionals, College Students, Anyone interesting in understanding easily, quckly and in a highly practical manner Finance.
  • For the best possible understanding of this course, it's highly recommended that students complete all exercises since the best way to understand finance is through practicing.

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: The Income Statement (Profit & Loss-P&L)
05:57

This video discuss the purpose of the Income Statement as a major financial report for any business, key financial information included in it, along with its significance for the business itself and its investors.

03:22

This video discusses the meaning of sales revenue and expenses from a business perspective and provides examples to clearly illustrate the two two financial terms.

06:53

This video explains how the income statement works, by explaining the different sections and financial accounts within it from the top to the bottom, along with the possible final outcomes of profit, loss or break-even.

04:08

This video deals with a major operating expense for many businesses who sell durable goods; explanation of the calculating formula is provided along with an example in order for students to understand its application.

Please check in the supplementary material there are three exercises on the Cost of Goods Sold. Try to do them on your own and then check below in the same file their correct solution.

09:35

This lecture discusses and explains an income Statement with a different format, which is more horizontal and more detailed in reference to a business' profit centers.

Please check in the supplementary material, there are three exercises; each one is asking you to complete the Income Statement. Try to do them on your own and then check below in the same file the correct solution.

08:11

This video presents two 6-month budgeted incomes statements; one with a positive ending cash and another one with a negative cash balance and the action that will be required by the business in such a case.

Please check in the supplementary material, there are three income statement and two budgeted income statement templates in excel files that you may use for practice.

Section 2: Cash & Accrual Accounting Methods
08:10

This video introduces the Cash and Accrual methods of accounting and provides examples to illustrate how cash accounting recognizes revenue and expenses.

08:34

This video provides examples in order to illustrate how accrual accounting recognizes revenue and expenses.

Please check in the supplementary material, there are eight (8) exercises; each one is asking you to apply the cash or accrual method of accounting for revenue and expenses. Try to do them on your own and then check below in the same file the correct answer.

I have included also the same supplementary material in pdf form in case you cannot open it a .doc. form.

08:07

This video discusses the advantages and disadvantages for a business that is using the cash accounting method.

07:48

This video discusses the advantages and disadvantages for a business that is using the accrual accounting method.

Cash & Accrual Accounting Conclusion
01:45
Section 3: The Balance Sheet
03:36

This video discusses the purpose of the Balance Sheet, key financial information which is included within it, it also presents the basic accounting equation that is always met in this financial statement and finally, it gives an explanation on how this report works.

07:27

This video discusses the meaning of assets, the different categories of assets (current and fixed) a balance may include, the accumulated depreciation and accumulated amortizationtion and the context of each asset account.

04:47

This video discusses the meaning of labilities, the different categories of liabilities (current and long-term) a balance may include and also explains the context of each liabiliy account.

05:17

This video discusses the components of equity, such as investors' funds and retained earnings.

02:40

This video closes the discussion on the balance sheet by refering to the issue of historical values of assets recorded in the balance sheet versus market values and reminds students to do the exercises and also make use of the provided templates.

Please check in the supplementary material, there are several exercise on the balance sheet: one exercise on placing balance accounts in the right category, two exercises on applying the basic accounting equation, and two exercises on completing the balance sheet. Try to do them on your own and then check below in the same file the correct solution.

There are also available two balance sheet templates, one using the horizontal format and another one in a vertical fornat for your own personal use.

Section 4: Statement of Cash Flows
07:32

This video is an introduction to the statement of cash flows, discuss its purpose, explains its structure and the different types of activities affecting it.

08:48

This video discuus the need for the statement of cash flows by presenting how the other two financial statements income statement and the (balance sheet) fail to provide a business information about its cash inflows and outflows.

02:37

This video closes the discussion on the statement of cash flows by refering to the importance for each business to keep track of its cash inflows and outflows since they detremine its viability. Finally, it reminds students to do the exercises and also make use of the provided templates.

Please check in the supplementary material, there are three exercises on the statement of cash flows: one exercise on identifying cash inflows and outflows and two exercises on completing the statement of cash flows. Try to do them on your own and then check below in the same file the correct solution.

There is also one statement of cash flows template that you may use to practice or to apply it in your own business your job.

Section 5: Financial Analysis Methods
01:59

This video introduces students to the three types of financail analysis as a a way for onwers and managers to be able to evaluate business performance, make deciisons and take actions for improving financial perormance.

14:51

This video introduces students to the trend analysis method as a a way for onwers and managers to be able to track changes over time, evaluate business performance, make deciisons and take actions for improving financial perormance.

Please check in the supplementary material, there are two trend analysis exercises. Try to do them on your own and then check below in the same file the correct solution.

There are also three trend analysis templates that you may use to practice or apply them in your own business or job.

10:31

This video introduces students to the vertical analysis method as a a way for onwers and managers to be able to track changes in the relationship between different financial accounts in the income stetament and the balance sheet in reference ot sales revenue and total assets respectively, evaluate business performance, make deciisons and take actions for improving financial perormance.

Please check in the supplementary material, there are two vertical analysis exercises. Try to do them on your own and then check below in the same file the correct solution.

There are also two vertical analysis templates in one file that you may use them to practice or apply them in your own business or job.

15:30

This video introduces students to the variance analysis method as a a way for onwers and managers to be able to track deviations between the actual and budgeted financial information in the ncome stetament and the balance sheet during the same period, evaluate business performance, make deciisons and take actions for improving financial perormance.

Please check in the supplementary material, there are two variance analysis exercises. Try to do them on your own and then check below in the same file the correct solution.

There are also two variance analysis templates in one file that you may use them to practice or apply them in your own business or job.

Section 6: Financing
00:48

This video introduces students to the last section of this course which deals with different financing options startups and SMEs may consider, such as, Bootstarpping, Angel Investors, Crowdfunding and Venture Capital.

07:22

This video discusses the meaning of bootstrapping as a form of financing, how bootstrapping works, different bootstrapping practices that may be applied and its advantages and disadvantages.

09:14

This video discusses the meaning of angel investors as a form of financing, who are he angel investors and what are their motives, how angel investor financing works, and its advantages and disadvantages.

02:54

This video introduces students to the crowdfunding method of financing, explains its meaning and general benefits and lists four different forms of crowdfunding financing that are available for new businesses.

08:42

This video discusses each of the four different crowdfunding financing forms: donation-based, reward-based, credit-based and equity-based by explaining how each type works, available platforms for each one of them on the web and finally, illustrates their advantages and disadvantages.

07:23

This video discusses the meaning of venture capital as a form of financing, explains what is a venture capital firm, who are the venture capital investors, what are their motives, involvemen of venture capital firm in the business and its advantages and disadvantages as a financing method.

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Instructor Biography

Yiannis Megaloeconomou, Senior Financial Instructor and Consultant

Yiannis graduated from Saint Xavier University, in Chicago-Illinois with a Bachelor of Arts (with honors) and an M.B.A. with a focus in Finance. His areas of expertise are Corporate Finance, Business Planning Consulting, Online Hospitality Training and Consulting for Hospitality Educational Institutions.

Recently he launched his new blog called 'Finance for Hospitality' where someone can find his articles, video tutorials, financial templates and other services.

Presently, he is a senior lecturer for Cardiff Metropolitan University and London Metropolitan University in Corporate Finance and Business Planning. He has also over 15 years of teaching experience in other higher educational institutions, such as the University of Leicester, University of Wales, University of Surrey, Bournemouth University and Heriot Watt University.

Yiannis has advised more than 100 startups in the Corporate Finance and Strategic Planning areas. Recently, he has established a new company, Eduxenia, specializing in Online Training for Hospitality Businesses. Finally, he provides consultation services for Higher Education Hospitality Institutions.

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