Finance and Accounting for Beginners to Intermediate
4.1 (15 ratings)
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Finance and Accounting for Beginners to Intermediate

This course will help you understand finance and accounting from beginner to more advanced areas of accounting
4.1 (15 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
1,231 students enrolled
Created by Chris Moore
Last updated 6/2017
English
English
Current price: $20 Original price: $95 Discount: 79% off
30-Day Money-Back Guarantee
Includes:
  • 3 hours on-demand video
  • 13 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Entrepreneurs who want to quickly learn the language of business
  • Managers, Directors, Vice Presidents that want to be taken seriously by their colleagues and bosses
  • Anybody who is planning a start-up business
View Curriculum
Requirements
  • No previous knowledge is required, other than basic business knowledge
Description

This Accounting course has over 1,200 students and was substantially updated in June 2017.

This course 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 for 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.

Who is the target audience?
  • 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
Curriculum For This Course
61 Lectures
06:04:59
+
Level One
9 Lectures 28:39

Follow the first transactions of this new start-up Company

First Transactions
05:06

Follow the second transactions of this new start-up Company

T-Accounts Introduction
02:47

Follow the final transactions of this new start-up Company

T-Accounts Conclusion
03:01

Now we can extract the Company's first Trial Balance and see that it does indeed balance

The First Trial Balance
01:49

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

Preview 02:40

Now we have the Company's first Trial Balance and the Income Statement, we can extract the first Balance Sheet.

The First Balance Sheet
02:43

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

Preview 02:36

This is a wrap-up of level one, together with a few extra points to help you remember the previous lessons in level one

Accounts in Practise
04:52
+
Balance Sheets
2 Lectures 07:11

This looks at the difference between a personal Balance Sheet and a Company Balance Sheet

Preview 04:30

This relooks at the different types of Balance Sheets

Balance Sheet Level 2
02:41
+
Profit & Loss or Income Statement
7 Lectures 24:05

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.

Income Statement / Profit & Loss Account Introduction
06:23

All costs are not treated as equal; some are expenses and some are assets. This video shows the differences

Preview 02:55

The commonly used accounting jargon is explained, building up from the top line to the bottom line, I have just used more jargon.

Accounting Jargon explained
02:23

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.

Why Accuals Accounting is so Fundamental
03:07

Before any financials are extracted, the Trial Balance is extracted, this video shows you why the Trial Balance is so useful

Trial Balances are the start of Financials
03:48

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

Fixed Assets and how they are shown in the Income Statement
02:53

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.

Stock Inventories movements affecting the Income Statement
02:36
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Accruals Accounting is Fundamental to Accounting
2 Lectures 08:06
Accruals Accounting Issues
04:19

Accruals Accounting Fixes
03:47
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The Profit & Loss Statement (Income Statement) - More Advanced
3 Lectures 12:46
Fixed Assets, Depreciation & Disposal of Fixed Assets
03:42

Stock Inventories and Work-In-Progress Movements
01:54

Calculating Work-In-Progress
07:10
+
Company Budgeting
7 Lectures 25:48
Sales Forecasting and Budgeting
03:28

Budgeting Overview
06:38

Budgeting Gross Profit
02:53

Comparing Budgets with Actual Results
03:57

Avoiding Rounding errors
02:25

Cash Forecasting
04:24

This is an introduction to the bigger country wide things that affect your budgeting process

Budgeting and Macro Economics
02:03
+
Cash & Working Capital
4 Lectures 12:35

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?

Collecting money from your customers directly
03:18

Rather than obtaining a bank overdraft, or loan, is there another method of raising cash?  

Raising cash, using your receivables/debtors
02:47

Cash Versus Profit
05:02

Bank Loan, or Bank Overdraft
01:28
+
Calculating Charge-out and Cost-rates for Staff & Machines
2 Lectures 12:36
Calculating Charge-out and Cost-rates Machines
05:00

Calculating Charge-out and Cost-rates for People
07:36
+
Improving the Company's Profits
2 Lectures 12:27
Pump up the Profits
05:36

Fix a Loss making Company
06:51
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Working more efficiently
5 Lectures 06:51

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

Show two different variables on the same chart
01:48

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

How to present a moving financial chart in PowerPoint
02:00

This shows how to improve you productivity when working within excel.

Jump around an excel worksheet
00:36

Error messages within excel, can be annoying. This video shows you how to fix this issue.

Eliminate Excel Error messages
00:55

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.  

Don't get embarrassed, avoid adding mistakes with the rounding function
01:32
2 More Sections
About the Instructor
Chris Moore
4.1 Average rating
15 Reviews
1,231 Students
1 Course
Chartered Management Accountant FCMA, FIoD, FCMI, CGMA,

Before becoming a Coaching Finance specialist Chris Moore's career included 20 years in Financial Director roles, including working for USA companies. The last seven years were spent as the Managing Director of one of Boeing Aircraft's UK subsidiaries, and in this time he oversaw the setting up of a multi-million dollar eLearning and training division.

Chris is a: Fellow of the Chartered Institute of Management Accountants Fellow of the Institute of Directors Fellow of the Chartered Management Institute Global Management Accountant