Financial Accounting, its Cycle, Statements & Analysis

An Ultimate Practical & Simple Guide to Financial Accounting for students & entrepreneurs
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848 students enrolled
Instructed by Sajid Haider Business / Finance
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  • Lectures 35
  • Length 5 hours
  • Skill Level Beginner Level
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
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About This Course

Published 3/2016 English

Course Description

The course is about some very important and basic topics of financial accounting. The most important function of financial accounting is to prepare statements and reports that depict the financial and performance positions of a company. For that purpose statements such as income statement, balance sheet and statement of cash flow are prepared. I have very simply explained the procedures and steps to prepare such reports. The course also includes transactions related to a business that include discounts allowed. Cash-based and accrual-based accounting have been clearly differentiated. The most important transactions and their treatment such as those related to expenses, cost of goods sold and revenues have also been discussed. Each important topic not only includes theoretical presentation but practical examples have been included so that the concepts of students are cleared. The whole accounting cycle has been classified into steps so that students can easily pick up the basic concepts and procedures of financial accounting.

Students who want to learn accounting cycle which leads to financial statements will find this course very helpful and simple to understand. The course has been divided into topics and then further into sections.

I expect students to take this course as it has been prepared so that students as well as entrepreneurs can easily pick up not only the concepts of theoretical accounting but use them practically also.

What are the requirements?

  • Anyone can join the course. No specific requirements are there. Potential students should just know basic maths, economics or finance.

What am I going to get from this course?

  • Have a firm grip on accounting concepts, procedures, steps, and preparing financial reports and statements

What is the target audience?

  • This course is meant for anyone who is interested in learning financial accounting and for someone who wants to excel in the field of theoretical or practical accounting such as working in a finance or accounting position in a company.

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.

Curriculum

Section 1: Introduction
Introduction to the Course
Preview
02:35
An introduction to Accounting
Preview
13:27
An introduction to Accounting
5 questions
Types of Accounting
Preview
11:16
Types of Accounting
5 questions
Purpose of financial accounting
05:37
Purpose of financial accounting
5 questions
Meaning of the term, "Account"
06:17
Meaning of the term accounting
5 questions
Introduction to Computerized Accounting
Preview
11:23
Introduction to computerized accounting
5 questions
Section 2: Concepts in Accounting
Accrual & Cash methods of Accounting
Preview
09:15
5 questions


Double Entry System of Accounting
Preview
06:51
Double Entry System of Accounting
10 questions
The Accounting Equation
Preview
05:44
The Accounting Equation
10 questions
Asset & its debit credit rule
08:28
Asset & its debit credit rule
10 questions
Revenue & its debit credit rule
06:10
Revenue & its debit credit rule
10 questions
Expense & its debit credit rule
Preview
06:08
Expense & its debit credit rule
10 questions
Liability & its debit credit rule
07:00
Liability & its debit credit rule
10 questions
Equity or Capital & its debit credit rule
06:30
Introduction to The Accounting Cycle
06:58
Section 3: The Accounting Cycle Practice Session
Step-1 Identification & Analysis of transactions
04:39
Identification & Analysis of Transactions
10 questions
Step-2 Making entries in Journal video 1
08:09
Step-2 Making entries in Journal video 2
Preview
06:38
Step-2 Making entries in journal video 3
07:56
Step-3 Posting to Ledger (T-Account) video 1
12:50
Step-3 Posting to Ledger (T-Account) video 2
07:03
Step-3 Posting to Ledger (T-Account) video 3
06:18
Step-3 Posting to Ledger (T-Account) video 4
Preview
09:35
Step-3 Posting to Ledger (T-Account) video 5
05:48
Step-4 Creating unadjusted Trial Balance
Preview
09:28
Step-5 Passing Adjustment Entries
18:23
Step-6 Creating Adjusted Trial Balance video 1
11:35
Step-6 Creating Adjusted Trial Balance video 2
08:07
Step-7 Preparing Income Statement video 1
Preview
09:54
Step-7 Preparing Income Statement video 2
06:48
Step-7 Preparing Balance Sheet
12:37
Step-7 Introduction to the Statement of Cash flow
13:31
Step-7 Preparing Statement of Cash Flow
17:12
Step-7 Intro. to the Statement of Changes in equity
10:50
Step-7 Preparing the Statement of Changes in equity
Preview
07:15

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Instructor Biography

Sajid Haider, CA, MS, CMA

My name is Sajid Khan. I am an MS in accounting and I have also done B.COM in accounting & finance. I intend to join Phd in accounting. I am also a CA (chartered accountant)  and CMA (certified management accountant). I am basically a professional accountant with a few years of experience but I have also been teaching accounting and related subjects and accounting software such as Quick Books and Tally 9 for the last 4 years. Online teaching is a new area for me and if my first two or three courses are somewhat successful, i will then create many courses related to advanced financial and cost/management accounting and courses related to computerized accounting such as Quick Books, SAP, Oracle etc. 

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