Financial Management and Enterprise Resource Planning(ERP)

Explore ownership types from sole proprietor and partnership to private and public limited companies, and assess capital, liability, and statutory requirements.

Explore how to fund the business using equity and debt financing, venture capital, seed money, and working capital loans, with focus on private and public offerings and capital structure.

Decode the balance sheet, income statement, cash flow statement, and trial balance to grasp solvency, liquidity, and profitability through assets, liabilities, equity, revenue, and expenses.

Explore the balance sheet and income statement structure, detailing assets, liabilities, equity, revenue, expenses, and the cash flow statement across operating and financing activities.

Explore the double entry system, where every transaction records equal debit and credit across two accounts, linking cash flow, balance sheet, and trial balances.

Learn the golden rules of accounting: debit the receiver and credit the giver (personal); debit what comes in, credit what goes out (real); debit expenses, credit incomes (nominal).

Learn that assets equal liabilities plus equity and apply the dead vs click rule: debit increases expenses and assets, credit increases liabilities and capital.

Explore how the trial balance confirms that debits equal credits across all general ledger accounts, as journal entries feed ERP systems to generate accurate financial statements.

Post journal entries for April cash, capital, purchases, stock, drawing, and loans to ledgers, then compile a trial balance to confirm debits equal credits.

Learn a simple balance sheet construction through the double-entry system, mapping journal entries to assets and liabilities with examples such as accounts payable, bank loans, inventory, cash, and retained earnings.

Explore balance sheet construction with a practical example of equity, bank loans, and asset purchases. See how cash, assets, and liabilities balance while classifying current and non-current items.

Explore how balance sheet concepts link assets and liabilities to cash and inventory changes, with revenue, cogs, and retained earnings affecting the profit and loss and balance sheet.

Practice constructing a balance sheet by applying transactions in a template, recording equity and cash with debits and credits, then tallying against the solution and public limited company reports.

Explore the profit or loss statement, showing how revenue minus cost of goods sold and expenses yields gross, operating, and net profit, with what-if analyses enabled by software.

Compare cash and accrual accounting, where cash records revenue and expenses at payment, while accrual records them when earned or billed, using receivables and payables for a long-term view.

Depreciation allocates asset cost over its useful life using straight-line or declining balance methods, considers salvage value, and updates the balance sheet and profit and loss.

Explore how cash flow statements track inflows and outflows across operating, investing, and financing activities, compare indirect and direct methods starting from net income or cash receipts, with depreciation adjustments.

Explore a cash flow statement construction using an example, classify operating, investing, and financing activities, and reconcile net income with depreciation, revenue from cash sales and credit, and receivables.

Explore calculating operating cash flow using the indirect method, analyzing cash receipts from sales, credit collections, depreciation, and cash payments in a practical cash flow statement exercise.

Analyze liquidity by examining the current ratio and asset test ratio, considering inventories and cash assets, and relate them to debt-to-equity ratio and operating income.

Analyze efficiency ratios like asset turnover, inventory turnover, and receivable turnover, focusing on average inventory, cost of goods sold, and industry differences. Also cover gross profit ratio and operating margin.