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Accounting Basics in 90 minutes
Rating: 5.0 out of 5(7 ratings)
25 students

Accounting Basics in 90 minutes

Accounting | Financial Statements | Investment Decision Making | Easy Steps To Follow | Experienced ACMA, CFO and COO
Created byJonathan Hale
Last updated 11/2024
English

What you'll learn

  • Fundamentals of Bookkeeping (Debits & Credits) & Accounting
  • Bank Transactions, Day Books & Journals to create a Trial Balance
  • Trial Balance and understanding Audit Adjustments
  • Create Financial Statements (Profit & Loss, Balance Sheet & Cash Flow Statement)
  • Read Financial Statements (Profit & Loss, Balance Sheet & Cash Flow Statement)
  • Investment Decision Making

Course content

10 sections13 lectures40m total length
  • Introduction & Contents1:57

    In this section we look at the contents of the course, who this course is for, and what the learning objectives are.

    The course comes with a Free excel working sheet that contains all the formulas and numbers shown within the course that allows you to fully understand the calculations and where every number comes from, feeding into the financial statements themselves. For total clarity and ease of learning.

    Let's get started!

    All Video content is subject to ©Copyright 2024 with All Rights Reserved.

Requirements

  • No Experience Required

Description

This course is for students who want to learn quickly what Accounting is or are struggling to grasp the concept of Accountancy. The course takes a step back and starts at the high-level to thoroughly explain each concept in a simple and clear fashion.


After this, we drill down into the detail and explain further each concept so you can quickly get a good grasp of Accounting. The course is for anyone who wants to better understand Accounting for work or they’re starting out in business, also solid first steps for anyone who needs to sit & pass a module in Accounting, or for general interest purposes.


The course covers how Accountancy originated, Debits & Credits, Cash V Profit, Various Bookkeeping methods, Traditional Bookkeeping and also Bank Transactional Bookkeeping. We also cover Sales & Purchase Day Books, and how invoices and transactions are dealt with within the Accounting Records, including how to calculate VAT.


Audit adjustments are explained along with the Trial Balance, allowing for the preparation of the Financial Statements; Profit & Loss Account, Balance Sheet & Balance Sheet Control Accounts, and Cash Flow Statement.


There is also a bonus section, Investment Decision Making, where we explain useful investment models Sunk Cost, Return on Investment, Internal Rate of Return (IRR) and Net Present Value (NPV), using real-life examples.


All the course tables are within an excel spreadsheet called Workings Sheets within resources. Including all formulas & cell links so you can track all the numbers and see clearly how they were calculated.

Happy Studying!!

Who this course is for:

  • Learning & studying Financial Accounting
  • Learning & studying Accountancy & Finance
  • Learning Double-Entry Bookkeeping
  • Wanting to Create & Read a Balance Sheet
  • Wanting to Create & Read a Profit & Loss Account
  • Wanting to Create & Read a Cash Flow Statement
  • Obtain a better understanding of Accounting
  • Board Executive in a Non-Accountancy Role
  • Non-Executive Director
  • Starting your own business
  • Investment Decision Making