Accounting- Financial Accounting, Cash vs Accrual Accounting
- Basic knowledge of Finance & Accounting
Let's discover the untold story of Cash vs Accrual Accounting.
If you are an accounting or finance enthusiast, this mini course is for you.
Have you ever thought why Accounting has to be complex? Why someone made Accrual Accounting? Why it can’t be simple? Why don’t we use the simple Cash based Accounting? I bet you have.
I will tell you the answer. And for that we need to understand how business accounts will look like if we use Cash Accounting vs Accrual Accounting. And we will learn that in this course.
One thing is sure that Accrual Accounting is used by the whole world. That means it has to have certain characteristics which make it powerful. What are these, let’s find out.
In this mini-course I’m going to take you through an excel based exercise on creating accounts using cash based and then using accrual based accounting. So, that we can compare the two and figure out interesting insights.
I teach this module in b-schools and students find it an incredible insight, never told before.
By realizing what lies at the core of accounting, you will not only appreciate accounting methods but will also be equipped with the right mindset to learn. It will enable you to better analyse the financials of any company.
Contents and Overview This course includes 10 lectures and just over 30 minutes of content in order to give students a working knowledge and an invaluable insight into Accounting.
What you’ll learn
At the end of this course you have following takeaways
You will be well versed with Cash vs Accrual Accounting
You will be able to record basic transactions in Cash as well as Accrual Accounting
You will have an invaluable insight into the science behind of Accounting
Who this course is for:
- Students of Accounting and Finance
- 01:39Course Preview
- 01:20Introduction to Cash & Accrual Accounting
- 02:00Business Transactions
- 00:56Additional Info
- 02:07Listing Transactions
- 07:25Cash Accounting - P&L and Balance Sheet
- 10:03Accrual Accounting - P&L and Balance Sheet
- 05:55Consolidated Accounts & Insights
- 01:54Important Learning & Summary
Having built hundreds of financial models for multiple companies over last many years, Sandesh Banger (CFA level 2 & MBA – IIM Kozhikode) is student’s favorite instructor in Finance & Accounting. He has been a Corporate Banker and a Finance Trainer. He delivers amazing insights into Finance through live examples and keeps the learning levels of students in mind while teaching. He loves to draw business insights from raw data.
Sandesh runs Hipertap Consulting – a venture into Education and Training. In his current role, he has been instrumental in guiding thousands of students and young professionals on business finance, financial modelling as well as preparing them for placements. He also regularly mentors young buds in their career aspirations.
You can visit his credentials on the LinkedIn page & feel free to connect on LinkedIn and social media.