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.
Follow the first transactions of this new start-up Company
Follow the second transactions of this new start-up Company
Follow the final transactions of this new start-up Company
Now we can extract the Company's first Trial Balance and see that it does indeed balance
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
Now we have the Company's first Trial Balance and the Income Statement, we can extract the first Balance Sheet.
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
This is a wrap-up of level one, together with a few extra points to help you remember the previous lessons in level one
This looks at the difference between a personal Balance Sheet and a Company Balance Sheet
This relooks at the different types of Balance Sheets
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.
All costs are not treated as equal; some are expenses and some are assets. This video shows the differences
The commonly used accounting jargon is explained, building up from the top line to the bottom line, I have just used more jargon.
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.
Before any financials are extracted, the Trial Balance is extracted, this video shows you why the Trial Balance is so useful
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
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.
This is an introduction to the bigger country wide things that affect your budgeting process
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?
Rather than obtaining a bank overdraft, or loan, is there another method of raising cash?
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
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
This shows how to improve you productivity when working within excel.
Error messages within excel, can be annoying. This video shows you how to fix this issue.
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.
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