Accounting and Finance Process Basics - A beginners guide

Name: Accounting and Finance Process Basics - A beginners guide
Rating: 4.2 (34 reviews)

Birds eye view of the world of Accounting and Finance processes. A short course for sure shot results.

Last updated 10/2023

English

What you'll learn

Learn Basics of Accounting concepts, Bookkeeping, Errors in Trial balance etc.
High level Process overview of key finance processes - Order to Cash, Procure to Pay, Record to Report, Travel expense, Payroll, Fixed Assets, BRS
Familiarity with Financial statements elements and a basic understanding of the flow and presentation - Income statement, Balance Sheet and Cash flow statement
Awareness of all the basic accounting journal entries - Simplified into a downloadable resource for offline reading

3 sections • 24 lectures • 1h 4m total length

Accounting Concepts - Simplified2:32
Accounting entry system4:07
3 Golden Rules of Accounting4:47
Identifying the correct accounting entries with examples4:32
Accounting Journal Entries - A simple compilation - Additional Resource0:02
Accounting - End to End process flow - Transaction to Financial statements2:41
Trial Balance3:04
Adjustment Entries1:40
3 Key concepts - Opex Vs. Capex, Accruals Vs. Prepaid, Provisions Vs. Reserves3:36

Financial statements - Overview4:27
Income Statement - Overview - (Gross, Operating, Net Profit, EBITDA, PBIT, PAT )3:29
Balance Sheet - Overview - Assets, Liabilities and Equity2:10
Cash Flow Statement - Overview - Operating, Investing, Financing activities2:06
Financial statement and Management Assertions1:40
Working Capital1:24
Ratio Analysis - High level Overview - Interpretation of Financial statements2:20

No prerequisite for the course. Even a fresher or layman can understand the concepts.

Updated in Oct 23

Practice tests to test your knowledge 300 Q&A added for O2C and P2P processes.
This course will provide a holistic view of the Accounting and Finance processes for a fresher or beginner level.
Overview of end-to-end processes in Finance
This course will equip you with the first level information on Accounting and Finance processes.

This course covers:

Basics of Accounting and Bookkeeping, Accounting concepts, 3 golden rules of Accounting, Debit and Credit, Cash basis and accrual basis etc.
Trial Balance and Errors in Trial balance etc.
Financial statements elements and a basic understanding of the flow and presentation of Income statement, Balance Sheet and Cash flow statement.
Introduction to Key concepts like Capex/Opex, Accruals/Prepaid, Provision/Reserves, working capital, Broad categories of ratios, Chart of Accounts etc.
Management's assertions of financial statements
High level Process overview of key finance processes - Order to Cash, Procure to Pay, Record to Report, Travel expense, Payroll, Fixed Assets, Bank Reconciliation statement. This will give the student an end-to-end perspective of most of the finance processes which a beginner might start working and all these information and learnings will be relatable in a real work environment.
Basic accounting journal entries - Simplified into a downloadable resource for offline reading
Summary of all the key points of this course into a downloadable resource for offline reading