Accounting 101: How to read a Balance Sheet
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Leela Krishna Says: ★★★★★
"...If you are serious about learning the RIGHT things about FINANCIAL STATEMENTS, I would strongly recommend this course. The instructor is very knowledgeable and explained the concepts with great clarity using examples for easy understanding..."
Marvin Says: ★★★★★
"...So glad I found it here. Wooaahh. Numbers not that hard anymore!!! How I wish I had seen this lecture before. More than worth a penny!!!....
Adam Says: ★★★★★
"This course makes you a finance literate! Fantastic coverage of financial statements and key aspects of financial management. Recommended."
Millions of people around the world, just like you and me are somehow involved in reading financial numbers.
Be it your business, your personal finance or your savings, understanding finance is now an essential pre-requisite for business survival and informed decision making.
Interestingly, the single biggest skill in life that could make or break your financial success is not taught in school.
Many entrepreneurs run businesses without having a clue on how to read a balance sheet. Business owners are and continue to remain dangerously ignorant of their numbers and the tax laws.
This course reveals exactly how you overcome these issues by following the simple steps and tips we give in this course!
There really is nothing more to do!
At the end of this course you will be able to:
Just follow the simple steps and tips that we reveal.
The course will continue to grow and grow with new materials, new examples and new case studies being added every week!
About this course:
So, why are you waiting? Join me in learning how financial statements are made and what they mean!
Remember, for every minute that you are waiting, somebody else is getting ahead of you!
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30 day money back guarantee.
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Certificate of completion.
|Section 1: Introduction|
In this introduction lecture, we discuss the basics of this course on Financial Statements 101: How to read a Balance Sheet. We understand what account really is, and how it is different for each type of stakeholder.
Financial Statements 101 - Lesson 2: Some Basic Concepts
In this lesson, we look into a few basic accounting concepts that are essential for us to understand financial statements. We look into:
1. Revenue vs Sales
2. Profit vs Income
3. Costs vs Expenses
4. Profits vs Cash
Financial Statements 101 - Lesson 3: Accounting Assumptions
In this brief lesson, we look at three fundamental accounting assumptions that accountants make while preparing financial statements.
Financial Statements 101 - Lesson 4: Accounting Principles
In this brief lesson, we discuss five very important principles which form the basis for preparation of financial statements.
|Quiz 1||3 questions|
This quiz tests your knowledge on accounting concepts and principles
Financial Statements 101 - Lesson 5: Introduction to Financial Statements
In this lesson, we understand what financial statements are, why they are prepared, and how they are different from each other.
|Quiz 2||4 questions|
This quiz tests your knowledge on conceptual aspects of the financial statements.
Financial Statements 101 - Lesson 6: Accounting Equation
In this lesson, we look at the accounting equation. Understanding of the accounting equation is very crucial in order to get a full picture of the financial statements. In simple terms, accounting equation states that:
Assets = Liabilities + Equity
|Section 2: The Balance Sheet|
Financial Statements 101 - Lesson 7: The Assets Side Part I
In this video, we explore the assets side and understand what assets actually mean, the components of assets, and how they are different from each other.
Financial Statements 101 - Lesson 8: The Assets Side Part II
In this video, we go a bit indepth on each of the components of the assets side of the balance sheet.
|Quiz 3||2 questions|
This quiz tests your knowledge on understanding of 'assets'
Financial Statements 101 - Lesson 9: The Liabilities
In this lesson, we understand the liabilities side of the balance sheet, its components and how they are to be interpreted.
|Quiz 4||2 questions|
This quiz tests your knowledge on liabilities side of the Balance Sheet
Financial Statements 101 - Lesson 10: The Equity Component
In this brief video, we understand the equity component of the balance sheet.
|Section 3: The Income Statement|
Financial Statements 101 - Lesson 11: Introduction to the Income Statement
In this brief lesson, we explain the basic concepts of accrual basis and cash basis of accounting. Understanding this concept is extremely essential to understand the income statement.
Financial Statements 101 - Lesson 12: The Income Statement
In this lesson, we explain the components of the income statement, and how they are different from each other.
|Section 4: The Statement of Cash Flows|
Financial Statements 101 - Lesson 13: Introduction to the Cash Flow Statement
In this lesson, we explain the basics of the cash flow statement, the three main activities of a business, and how they are different from each other.
Financial Statements 101 - Lesson 14: Why are profits not equal to Cash
In this lesson, we explain why profits and cash are not the same thing.
|Quiz 5||3 questions|
This quiz tests your knowledge on the three types of cash flows.
|Section 5: How do all these link together|
|Lecture 16||1 page|
Financial Statements 101 - Case Study
This case study covers 10 basic transactions and we explain how these transactions impact each of the three financial statements.
Financial Statements 101 - Lesson 16: How do all these link together
In this lesson, we use the case study to understand how each transaction affects the income statement, the cash flows statement and the balance sheet.
|Section 6: Financial Analysis Techniques|
Case Study - Apple Inc.
This video discusses the Trend Analysis technique for analyzing financial statements
This video discusses the Common Sized Analysis
This video discusses the funds flow statement
|Section 7: Conclusion|
Conclusion and Summary
Do you struggle to understand financial jargons? Are things like ROI, NPV, Balance Sheets giving you nightmares? Are you interested in getting secret insights into the business world?
If the answer to any of these questions is "yes", KayOne Education is dedicated to showing you how to quickly learn these, and help you to be the star performer of the year, in your company.
You will become expert in finance and management related topics from scratch, taking our courses. These will not only give you a conceptual understanding, but will also give you a practical hands on experience to make you shine out in the crowd!