
Discover financial management basics, from business ownership and funding to accounting concepts, including debits and credits, and balance sheet basics. Learn ERP essentials, including cloud vs on-premises architecture and processes.
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.
Learn that assets equal liabilities plus equity and apply the dead vs click rule: debit increases expenses and assets, credit increases liabilities and capital.
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.
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 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.
Majority computer based business applications revolves around Finance. Anyone with technical background like engineers, non- financial background folks, tech-prenuers or management students look at the ways to quickly learn on accounting concepts like
Business entity - Proprietor, Partnership, Limited companies with financing option
Double entry system accounting - Debit, Credit with account rules.
Trial balance
Balance sheet entries - Assets, Liabilities.
Cash flows.
Financial Ratios
Capital budget.
Generally, one need to opt for structured course like MBA, which involve time, effort and huge cost as well.
This course is designed is such a way that one learns basics in financial concepts and management. It also has a role play discussion on " Basic Financial Concepts and ERP Discussion Between Friends" generated through AI
While one need to have good understanding on the above to start a career in business application consulting like ERP. So additionally apart from covering the above topics this course also covers.
Accounting entries automation linking with Enterprise resource planning (ERP)
ERP overview and evolution .
Different type of ERP application - On- premise and Cloud.
What is cloud or On- premise application.
Business flows in ERP - Procure to Pay and Order to cash.
So in if you are technical person (non finance background) want to learn basics of Finance along with introduction to Enterprise resource planning (ERP), then this course would be the ideal choice.
In addition to role play supported by built‑in AI, the course also features AI‑generated support voice content presentation on a lecture topic on Different Financial Statements - Part1. These new innovative AI‑driven learning methods are sure to make the course more engaging and interesting
Happy learning!!!