Advanced Financial Accounting: For Beginners

In this course, you will learn each and everything that is related to manage a company account such as, Shareholders, debentures, company final accounts, Ratios analysis, Departmental accounts, Branch accounts, and many more. There are different types of ratios, such as current account ratio, liquid ratio, absolute liquid ratio, gross profit ratio, net profit ratio, expense ratio, operating profit ratio, operating ratio, working capital ratio, debt-equity ratio, and solvency ratios.

Businesses often employ strategies to increase their share of the market. In this lesson, we will become more familiar with advanced financial accounting concepts such as consolidation, partnerships, and foreign currency transactions.

Companies must make strategic decisions that foster growth and longevity for the business. Strategic alliances like consolidations and partnerships may increase customers and operating capabilities. A company's involvement in foreign currency transactions set the stage for international growth. It is important to understand how each of these strategies affects financial reporting for the business.

• Profit and Loss formula is used in mathematics to determine the price of a commodity in the market and understand how profitable a business is. Every product has a cost price and selling price. Based on the values of these prices, we can calculate the profit gained or the loss incurred for a particular product.

• The balance sheet is based on the fundamental equation: Assets = Liabilities + Equity. As such, the balance sheet is divided into two sides (or sections). The left side of the balance sheet outlines all of a company’s assets Types of Assets Common types of assets include current, non-current, physical, intangible, operating, and non-operating.