Finance and Accounting for Beginners to Intermediate

Name: Finance and Accounting for Beginners to Intermediate
Rating: 4.2 (76 reviews)

This course will help you understand finance and accounting from beginner to more advanced areas of accounting

Last updated 5/2020

English

What you'll learn

Entrepreneurs who want to learn the language of business quickly
Managers, Directors, Vice Presidents that want to be taken seriously by their colleagues and bosses
Anybody who is planning a start-up business

12 sections • 61 lectures • 2h 46m total length

Introduction to Level One3:13
First Transactions5:14
Follow the first transactions of this new start-up Company
T-Accounts Introduction2:55
Follow the second transactions of this new start-up Company
T-Accounts Conclusion3:09
Follow the final transactions of this new start-up Company
The First Trial Balance1:57
Now we can extract the Company's first Trial Balance and see that it does indeed balance
The First Income Statement, also called: The Profit & Loss Account2:49
The follow on from the Trial Balance is to extract the Company's first Income Statement for the month, which is also called the Profit & Loss Account
The First Balance Sheet2:51
Now we have the Company's first Trial Balance and the Income Statement, we can extract the first Balance Sheet.
Balance Sheet Variations2:53
Balance Sheets are all basically the same, but they don't look the same. If you understand one Balance Sheet, you will understand other formats after seeing this video
Accounts in Practise4:59
This is a wrap-up of level one, together with a few extra points to help you remember the previous lessons in level one

Income Statement / Profit & Loss Account Introduction6:23
If you are ever sat in a management meeting going through the Income Statement (Profit & Loss Account), you may have wondered what the various categories referred to. This follows a typical Income Statement.
Are these costs, Expenses, or Assets? Why is this?2:55
All costs are not treated as equal; some are expenses and some are assets. This video shows the differences
Accounting Jargon explained2:23
The commonly used accounting jargon is explained, building up from the top line to the bottom line, I have just used more jargon.
Why Accuals Accounting is so Fundamental3:07
Late invoices, or no invoices can cause issues if the bookkeeper, or accountant doesn't allow for this. Accruals are necessary for various reasons, this video explains why.
Trial Balances are the start of Financials3:48
Before any financials are extracted, the Trial Balance is extracted, this video shows you why the Trial Balance is so useful
Fixed Assets and how they are shown in the Income Statement2:53
Fixed Assets are purchased, but they are not shown in the Income Statement in the month of purchase, but spread over years. This video shows how this is done
Stock Inventories movements affecting the Income Statement2:36
Bulk purchasing to obtain a bigger discount can sometimes make sense, but it does have implications to the financials. This video shows how to deal with this issue.

Collecting money from your customers directly3:18
Your customers, or clients owe you money for the goods, or services that your Company has provided. What do you do first, second, third, fourth? Is there a fifth?
Raising cash, using your receivables/debtors2:47
Rather than obtaining a bank overdraft, or loan, is there another method of raising cash?
Cash Versus Profit5:02
Bank Loan, or Bank Overdraft1:28

Show two different variables on the same chart1:48
Presenting financials, or budgets in a meaningful way is very useful to get people to buy in to your ideas. This is the first technique
How to present a moving financial chart in PowerPoint2:00
Presenting financials, or budgets in a meaningful way is very useful to get people to buy in to your ideas. This is the second technique
Jump around an excel worksheet0:36
This shows how to improve you productivity when working within excel.
Eliminate Excel Error messages0:55
Error messages within excel, can be annoying. This video shows you how to fix this issue.
Don't get embarrassed, avoid adding mistakes with the rounding function1:32
You have just presented your forecasts to the management and somebody says "that line doesn't add up". This is embarrassing, it is only one number out, but this error shouldn't have happened. It is a rounding error. This video shows you how to avoid future embarrassments.

This course was updated in May 2020 and will cover the three main areas of finance & accounting :

1) The Income Statement / Profit & Loss Statement and what to look out for in business meetings

2) The Balance Sheet and why this important statement is not complicated, even though the US and UK have a different style of presenting it

3) Options for raising extra cash

4) Best practice when preparing statements

5) Company Budgeting

Also, there is an extra section based on other areas outside the three main areas

Take this course and surprise your colleagues with your financial knowledge.

Senior management value colleagues that understand what makes their company tick, these are the people that get fast tracked up the promotion ladder.

This course assumes that you either work in a business, or have entrepreneurial ambitions to control your own business
People wanting a career in a Finance department
Entrepreneurs
Non-accounting executive who needs to understand more about the Company’s finances