Finance and Accounting for Beginners
4.2 (12 ratings)
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Finance and Accounting for Beginners

Finance and Accounting for Managers and Entrepreneurs who want to quickly learn the language of business
4.2 (12 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.
1,215 students enrolled
Created by Chris Moore
Last updated 3/2017
English
English
Current price: $20 Original price: $95 Discount: 79% off
30-Day Money-Back Guarantee
Includes:
  • 1.5 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 Finance and Accounting course has over 1,200 students and was substantially updated in March 2017.

This course has the option of turning on Subtitles or Closed Captions.

This course will cover the three main areas of finance & accounting : This is an ideal course for Managers and Entrepreneurs who want to quickly learn finance and accounting which is the language of business

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

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
Expand All 45 Lectures Collapse All 45 Lectures 04:49:33
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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
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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
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Profit & Loss or Income Statement
8 Lectures 24:49

A brief bio of the instructor

Preview 00:44

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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Cash & Working Capital
2 Lectures 06:05

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
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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
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Other points
7 Lectures 15:58

Acquiring a Fixed Asset gives you multiple methods of funding it; cash, capital lease, financial lease, or simply renting it. Which method is best? It depends.

Rent, Lease, or Buy a Fixed Asset?
02:56

Investing in an activity isn't just about the net income it produces. ROCE gives you a tool to differentiate between different investments  

How to calculate the Return on Capital Employed
04:36

Dealing with different country subsidiaries have specific international rules that you have to obey.

Preview 01:42

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

Budgeting and Macro Economics
02:03

Using a fixed excel cell to put your variables in will save you a heap of time when somebody changes their mind about, say what the inflation rate should be next year.

Why Absolute Referencing is important to save time
01:37

Have you ever tried to use calculator logic within excel? It doesn't always work. This video explains why this is

Excel and Calculator logic are Different
01:39

Asking someone to fill in their figures in your excel worksheet can be dangerous if you haven't protected your worksheet. This video shows you how to protect your work, but still allow the other person to fill in their figures.

Protect your excel work
01:25
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Printed Resources
12 Lectures 00:00

This is a simple page-by-page print of the lesson to aid taking notes

Profit and Loss, Income Statement Introduction Print
26 pages

This is a simple page-by-page print of the lesson to aid taking notes

Profit & Loss Income Statement Accruals Print
10 pages

This is a simple page-by-page print of the lesson to aid taking notes

Expenses or Assets Print
21 pages

This is a simple page-by-page print of the lesson to aid taking notes

Profit & Loss, Income Statement Terms print
10 pages

This is a simple page-by-page print of the lesson to aid taking notes

Depreciation Print
11 pages

This is a simple page-by-page print of the lesson to aid taking notes

Trial Balance into Financials print
27 pages

This is a simple page-by-page print of the lesson to aid taking notes

Inventories and Stocks Print
21 pages

This is a simple page-by-page print of the lesson to aid taking notes

Balance Sheet start print
24 pages

This is a simple page-by-page print of the lesson to aid taking notes

Balance Sheet Introduction print
20 pages

This is a simple page-by-page print of the lesson to aid taking notes

Invoice Finance print
8 pages

This is a simple page-by-page print of the lesson to aid taking notes

Return on Capital Employed print
16 pages

This is a simple page-by-page print of the lesson to aid taking notes

International Rules print
6 pages
About the Instructor
Chris Moore
4.2 Average rating
12 Reviews
1,216 Students
2 Courses
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