Financial Accounting, its Cycle, Statements and Analysis
5.0 (3 ratings)
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Financial Accounting, its Cycle, Statements and Analysis

An Ultimate Guide to Basic Financial Accounting
5.0 (3 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.
860 students enrolled
Created by Sajid Haider
Last updated 9/2017
English
Current price: $10 Original price: $40 Discount: 75% off
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Includes:
  • 3.5 hours on-demand video
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Have a firm grip on accounting concepts, procedures, steps, and preparing financial reports and statements
View Curriculum
Requirements
  • Anyone can join the course. No specific requirements are there. Potential students should just know basic maths, economics or finance.
Description

The course covers almost entire syllabus of the portion of financial accounting which we call basic 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 and demonstrated in Microsoft excel 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 are easily understood and 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 sections and in topics.

By having this course, I expect that students as well as entrepreneurs will pick up not only the concepts of theoretical accounting but use them practically also.

Who 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.
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Curriculum For This Course
35 Lectures
03:37:35
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Introduction
5 Lectures 23:41

An introduction to Accounting
5 questions

Types of Accounting
03:53

Types of Accounting
5 questions

Purpose of financial accounting
02:47

Purpose of financial accounting
5 questions

Meaning of the term, "Account"
03:25

Meaning of the term accounting
5 questions

An Introduction to Computerized Accounting
05:02

An Introduction to Computerized accounting
5 questions
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Concepts in Accounting
9 Lectures 37:15

Cash & Accrual methods of Accounting
5 questions

Double Entry System of Accounting
05:14

Double Entry System of Accounting
10 questions

The Accounting Equation
02:28

The Accounting Equation
10 questions


Asset & its debit credit rule
10 questions

Revenue & its debit credit rule
03:05

Revenue & its debit credit rule
10 questions

Expense & its debit credit rule
04:01

Expense & its debit credit rule
10 questions

Liability & its debit credit rule
03:59

Liability & its debit credit rule
10 questions


An Introduction to Accounting Cycle
04:50
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Steps of Accounting Cycle with Demonstration in Excel
10 Lectures 01:30:18

Identification & Analysis of transactions
10 questions

Step-2 Making entries in Journal
12:56

Step-3 Posting to Ledger (T-Account)
15:44

Step-4 Preparing unadjusted Trial Balance
06:51

Step-5 Passing Adjustment Entries
09:19



Step-7-2 Preparing Balance Sheet
11:09

Step-7-3 Preparing Statement of Cash Flow
10:09

Step-7-4 Preparing Statement of Changes in Equity & Retained Earnings
06:01
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Some Advanced Topics in Basic Financial Accounting
11 Lectures 01:06:21
Accounting Assumptions, Principles & Constraints
07:12

Differentiating Accounting Process & Accounting Cycle
03:52


Capital & Revenue expenditures' difference & treatment
03:51

Company Statement of Equity & Retained Earnings Demo
04:28

Indirect method of Cash Flow Statement
06:43


The 3 types of Cash Book with Solved Problems
06:00

Bank Reconciliation Statement with Solved Problems
11:17

Double entries for Sale/disposal of Fixed Assets
07:28

Journals & Ledgers
04:00
About the Instructor
Sajid Haider
5.0 Average rating
3 Reviews
860 Students
1 Course
Certified Management Accountant, M.S. in Accounting

Sajid is  an M.S. in accounting and has also done B.COM. in accounting & finance. Sajid is now doing his PhD. in accounting. He is also a C.A. (chartered accountant)  and C.M.A. (certified management accountant). He is basically a professional accountant with a few years of experience but has 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 Sajid and if his first two or three courses are somewhat successful, Sajid intends to create many courses related to advanced financial and cost/management accounting and courses related to computerized accounting such as Quick Books, SAP, Oracle etc.