Practical Accounting - Beginners, Founders & Business Owners
What you'll learn
- Fundamentals of Accounting
- First Hand understanding to Financial Statements
- Accounting Policies and their affect on accounting methods
- Meaning & Basic understanding of All financial statements
Requirements
- Time & Desire to Learn
Description
All Startup founders and business owners, executives must get a basic understanding of finance and accounting to enable themselves to be able to read financial statements, analyze results and the impact of their business decisions.
This course was recorded during a live class with startup founders who do not have any formal background in accounting and finance. Course contents, speed, and explanations are designed keeping in mind those users, hence other users may find it slow and sometimes repetitive. I repeated a few things just to make my audience understand and absorb concepts.
This Class is the first day of five-day series topics discussion in the course 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
Please let me know if you feel any topic is missed.
Who this course is for:
- Startup Founder and Co-founder
- Small Business Owners
- Other Business Executives with no formal background in accounting
- MBA students
Course content
- Preview12:52
- 09:30Double Entry & Accounting Rules
- 13:34Accounting Process and Introduction to Financial Statements
- 20:34What is Accounting Equation and How Financial Statements are Linked
- 07:04Summary and Classify the accounts
- 12:28Internal transactions - Depreciation and Accruals
- 06:20Sample Transactions in Accounting - Excercise done together
Instructor
![Manish Gupta](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 64 64"%3E%3C/svg%3E){kind=avatar}
- 3.7 Instructor Rating
- 2,624 Reviews
- 74,525 Students
- 34 Courses
PROFILE & STRENGTHS
Mr Manish Gupta is an experienced hospitality finance professional, having a blend of financial core expertise with hands-on training in managing hotel operations and business development.
Having worked as an Auditor for 7 years, he moved into finance management for brands like Parsvnath Developers and Shangri-La Hotels & Resorts and currently serving as the CFO of HTOO Hospitality.
His role is to spread the finance function for the largest hospitality in Myanmar owned and managed by one of the biggest business houses in Myanmar. They have 16 operational and underdevelopment High-end boutique resorts (covering an overall room inventory of 800+ rooms), 2,000 employees. Most of the properties are leaders in their region on trip advisor and won various travel awards over a period of time.
He has proven experience in setting up the foundation for sustainable growth (in the form of management information systems, restructuring), ERP implementation, gear towards IPO readiness & IFRS convergence. With such a great skill set, the students can be assured about the quality of training with his expertise.
He has been teaching at various institutions in Myanmar such as Swiss Business School, American Hospitality Institute of Myanmar with students ranging from directors to CEO of various companies.
ACADEMIC & PROFESSIONAL CREDENTIALS
Chartered Accountant – 2005 (Member of the ICAI) form Institute of Chartered Accountant of India
Company Secretary – 2005 from Institute of Company Secretaries of India
DISA (Diploma in Information System Audit) Supervisory Excellence (Online) & Business Leadership form e-Cornell University
Strategic Leadership from Shangri-La Global University