Bookkeeping, Accounting & Financial Statements: Zero to Pro
- 6.5 hours on-demand video
- 1 article
- 16 downloadable resources
- Full lifetime access
- Access on mobile and TV
- Certificate of Completion
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- Financial Statements Preperation
Accounting, Bookkeeping, and Financial Statements Preparation are three steps to achieve one main goal, keeping a track of business money and prepare reports to provide a financial summary for stakeholders.
Why you should learn Accounting:
Every single business needs to record its income and expenses, not just for internal management and control, but also for external stakeholders like government, tax authorities, investors, lenders, and even suppliers and customers. Having a good command of numbers and the idea of how cash flows are recorded and presented makes you a better professional.
Who should take this course:
Accounting and Finance Students
This course starts from zero, no background knowledge is required to start learning in this course. Even 12 years old can also learn Bookkeeping, Accounting, and Financial Statements Preparation in this course.
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Introduction to Accounting
Why Accounting has to follow rules and what are the accounting standards?
What are the different types of Accounting and what information is produced by each?
Cash and Accrual Accounting
Trial Balance and Financial Statements
Fixed Assets and Depreciation
This built of the course is fairly easy, the format is beautifully designed interesting interactive video, the course flows from basis to Accounting to the preparation of financial statements first and then the more complex and frequently used areas of Accounting have been dealt with. This course also covers various practical concepts that are quite useful when you are maintaining your books in accounting software. In short, in the next 3 hours, you will be able to understand all the basic aspects of Accounting that you need to know to well handle your business financials.
Introduction to teacher:
I am a Certified Chartered Accountant (ACCA) from the UK with 12 years of professional work and teaching experience and have taught more than 4000 students in class and 20000+ students on udemy!
I have implemented accounting software and ERP at various organizations and have expertise in financial transformation. I have been leading accountancy practice for small and medium-sized entities for the last 4 months and have frequent interaction with entrepreneurs. So I know what exactly do entrepreneurs need to know to well manage their books.
- Aspiring Accountants
In the lecture, you will learn what is accounting? Why it is done? What are the two different types of Accounting? Who are the users of Accounting Information?
You will learn why you can not simply record the transactions in your own style and why you have to follow rules suggested by Accounting standards.
In Accounting we do not record transactions by simple plus-minus on a simple piece of paper. Rather, we have a completely different procedure to record these transactions and in this lecture, we are going to learn that.
In accounting, we class all different things into 5 classes. In this lecture, you will learn these classes in detail.
Multiple methods can be used for Inventory Valuation, as allowed by GAAP and IFRS. In this lecture, you will learn these methods.
In this lecture, we will take a look at accounting entries that are made for inventory in the Periodic Inventory Accounting System.
In this lecture, we will do a detailed example of the Periodic Inventory Accounting System.
Introduction to Goods and Services Tax - GST. GST is also called Sales Tax or Value Added Tax - VAT.
In this lecture, you are going to learn the accounting entries to record the Sales Tax collected on sales.
Declining Balance Method of depreciation is the most popular one. In this lecture, you will learn this method with a practical example.
Now that we know 4 methods of depreciation, choosing the right one is important. In this lecture, we will discuss which method suits a particular situation.
When the asset is finally sold after years of utilization, the difference in the sales proceeds of the asset and its book value results in gain or loss. Let's take a detailed look at this is this chapter.
There is another method of fixed asset accounting. We are going to learn this method in this lecture.