Do you want to work in finance but do not have the time and money to enroll in an MBA? Continue reading…
Instructor Bio: "Gennaro Cuofano matured international experience for over Ten years between Europe and US. After graduating from Law School, he worked for a while in the legal field. His passion for finance and international business brought him to become an International MBA, with concentration in Corporate Finance.
Did you know that when you read you just retain 10% of the information?
What is the best way to retain information then?
Numerous researches showed that when you put in practice what you just learned 75% of the information is retained in the long-term. For such reason this course has been structured around the “case study methodology." The same used in Business Schools.
If you are a newbie willing to learn the inside out of accounting in the most effective way, join “The Udemy Accounting Case Study".
You will learn:
Build the foundation that will lead to a successful career in finance
A deeper understanding of the above topics will make your life much easier as financial analyst.
Content and Overview
Suitable for students who want to become financial analysts or undertake a career in finance, you will get the following benefits:
The knowledge acquired in over 10 years of experience in the financial world is distilled in few hours. Indeed, Gennaro Cuofano, your instructor, managed a team within the accounting and finance department of an Investment Firm, based in California. There, he learned how accountants communicate. Now he wants to share his knowledge with you!
In addition, together with the over ten case studies and quizzes you will learn how to build your financials using excel. Follow the learning process that will give you access to years of practical and theoretical information. Indeed, in addition to the practical material you will have free access to the theoretical course "How to become a financial analyst from scratch".
“You have to understand accounting and you have to understand the nuances of accounting. It's the language of business and it's an imperfect language. “Unless you are willing to put in the effort to learn accounting – how to read and interpret financial statements – you really shouldn't select stocks yourself" Warren Buffet
Get ready for this exiting journey!
In this lecture I will show you how the case study template has been organized. For each lecture follow the same process. First, download the Practice Sheet. Second, follow the lesson and build the model in excel. Third, assess your level of understanding through the quiz
In this lecture you will learn the definition of cash and equity and how to record Case One: Udemy incorporated in 2009. Udemy Shareholders endow $100,000 on January 1st.
Take the first quiz of "The Udemy Accounting Case Study"
In this lecture you will learn the definition of current assets and how to record Case Two: On January 2nd Udemy pays $30,000 in advance for the first three months rent. Rent is fixed, at $10,000 per month. It is due on the 1st of every month. The second and third month will be paid once due.
Take the second quiz of "The Udemy Accounting Case Study"
In This Lesson you will learn the definition of Fixed Assets and how to record Case Three: On January 3rd, Udemy buys the furnishing for the office. It costs $50,000 and it is all paid thru cash. The furnishing consists of 20 desks and 20 chairs.
Take the third quiz of "The Udemy Accounting Case Study"
In This Lesson you will learn the definition of Current Liabilities and how to record Case Four:
Part I. On January 5th Udemy buys the office supplies (20 printers and 20 scanners) They are purchased on account. The cost is $10,000.
Part II. On January 6th, the office supplies are paid on the account.
Take the fourth quiz of "The Udemy Accounting Case Study"
In This Lesson you will learn the definition of COGS and how to record Case Five:
Part I. On January 6th The first Udemy Course "How to build models in excel" has been published on the platform. The single course is worth $100; 500 students enrolled in one day trhough the platform. The revenue share is %50. Customers pay with credit cards.
Part II. The revenue generated on January 6th are deposited on Udemy's bank account on January 8th. The credit card fee is 2%.
Take the fifth quiz of The Udemy Accounting Case Study
In this lecture you will learn how to record prepaid marketing expenses on your balance sheet and solve Case Six:
On January 10th Udemy promotes its courses through another web portal.
The marketing campaign budget is $10,000. It is paid in advance and it will expire on Jan 19th.
The PPC (pay per click rate) is $3. On Jan. 19th the cost will be determined.
Take the sixth quiz of The Udemy Accounting Case Study
In this lecture you will learn the definition of unearned revenue, how to record them on your balance sheet. Eventually you will be able to reverse them and solve Case Seven:
PART I: On January 15th Udemy students pre-order two online courses on web design. The first course will come out on January 17th, worth $100, offered with a %50 discount. The second course will come out on January 18th, worth $100, offered at %25 discunt. Course n.1 is bought by 100 students. Course n.2 is bought by 200 students.
PART II: On January 17th Course N.1 has been delivered to its students.
PART III: On January 18th Course N.2 has been delivered to its students.
Take the seventh quiz of The Udemy Accounting Case Study
In this Lecture you will learn how to reverse the marketing expense paid in advance in Case Six and solve Case Eight:
Remember that On January 10th Udemy promoted its courses through another web portal. The marketing campaign budget was $10,000, paid in advance. As of January 19th, 2000 users clicked through the campaign. The PPC is $3. With the money left Udemy decides to keep it on its marketing account for future campaigns.
Take the eighth quiz of The Udemy Accounting Case Study
In this Lecture you will learn how to record wages and solve Case Nice:
Udemy started its operations on January 2nd. Employees started to work on January 6th. Now the salaries are due. Udemy owes its 20 employees, $40,000 gross.
Take the ninth quiz of The Udemy Accounting Case Study
In this Lecture you will learn the definition of Overdraft and how to record it under your balance sheet. Case Ten will be solved in three steps:
PART I: On January 20th five new employees are hired. Udemy buys new office furniture (5 chairs and 5 desks) for a total of $6,000 and office supplies (5 printers and 5 scanners) for $2,000 . Funds on the bank account are insufficient. A bank overdaft account is automatically created.
PART II: Udemy shareholders endow 10,000 to set up a cash reserve account.
PART III: Udemy has to pay off its overdraft payable. A Fee of $200 has been assesed by the bank.
Take the Tenth quiz of The Udemy Accounting Case Study
In this Lecture you will learn how to build the balance sheet and income statement starting from scratch. You will start from your General Ledger as of the end of Udemy's first month of life and from there build your financials in three simple steps. Eventually, your understanding of the financials should be much clearer. In today's world software do all for you. Therefore, having the ability to draw the financials by your own is an invaluable skill.
Take the eleventh quiz of The Udemy Accounting Case Study
Thank you for taking the whole course! Great job!
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The Four-Week MBA community starts from the following idea:
"You can learn business effectively without having to spend thousand of dollars or sit for hours in a classroom to listen pointless fluffing. You can now learn everything you need to know about business and finance thanks to a simple language and an effective learning methodology!"
Gennaro matured international experience in the business world for over ten years across Europe and US. After graduating from Law School, he worked in the legal field. Afterward his passion for finance and international business brought him to become a business journalist, a private trader, an International MBA, a Financial Analyst and Assistant Controller. He tried all the professions in business and finance.
His experience can serve you to avoid the major pitfalls in your career. In addition, He truly believes that to master business and finance there is no need of useless technical jargon, or pompous language. Gennaro wants to share all the lessons learned throughout those years with you.