
Analyze how income, expenses, and savings determine loan eligibility; compute net worth from assets minus liabilities. Compare personal and business finances via the profit and loss statement and balance sheet.
Begin with a clean slate by recording cash as share capital and updating assets. Recognize expenses when consumed and reflect owner's equity, including retained profits and dividends on balance sheet.
Learn the cash flow statement, including operating, investing, and financing activities, to analyze a company's cash position and cash generation. Explore practical prep and interpretation using a real company example.
Analyze the cash flow of a tea stall by separating cash and credit sales, interpreting accrual profit versus cash profit, and outlining a cash flow statement: operating, investing, financing.
Explore three additional transactions and their effects on cash flow and balance sheet. See how investing excess cash, securing a bank loan, and payroll shape operating, investing, and financing activities.
Engineers, MBAs and Non-finance love Logic. Whereas Accounting appears to be less logical & more principle based. Thus Accounting is often difficult to learn. Not anymore. And not in this course.
Accounting is Pure Logical, just that it is not taught the logical way. If you start to learn accounting from Debit & Credit entries or using Accounting Principles, you will be lost. Whereas, if you learn accounting using Business Transactions, you will see how easy it gets. So, let’s learn Accounting in a more practical and relatable way.
If you are new to accounting or face challenges learning accounting, this course is for you.
In this course, we will unravel Accounting concepts using Business Transactions. Here, you won’t learn ever-confusing Debit & Credit entries because most of the time you won't need them unless you are a Financial Accountant. Rather, mostly you will be required to analyze the financial statements & make investing decision. That is the role of a Financial Analyst - the highest paid job in the financial world.
This Accounting Masterclass promises to take you on a roller coaster ride and make accounting fun to learn. Here you will learn:
1) Concepts of Accrual Accounting
2) Basics of P&L, Balance Sheet and Cash Flow Statement
3) Recording business transactions directly in P&L and Balance Sheet
4) Forming Cash Flow Statement
5) Financial Statement Analysis
I promise you this course is worth taking.