Practical Accounting - Beginners, Founders & Business Owners

What you'll learn

• Fundamentals of Accounting

• First Hand understanding to Financial Statements

• Accounting Policies and their affect on accounting methods

• Meaning & Basic understanding of All financial statements

• Understanding Fundamentals of Accounting 1:22:26

  • 1: Lecture-1.What is Financial Accounting Preview 12:52
  • 2: Double Entry & Accounting Rules 09:30
  • 3: Accounting Process and Introduction to Financial Statements 13:34
  • 4: Lecture-4.Basic Accounting Equation and Four Financial Statements 20:35
  • 5: Lecture-5.Define Chart of Accounts and Classify the accounts 07:05
  • 6: Lecture-6. External and Internal Transactions with companies 12:29
  • 7: Lecture-7.Short Exercise to Confirm what we learned in this section 06:21

• Accounting Policies and Their impact on Accounting Profit 1:01:14

  • 8: Key Accounting Policies Preview 06:20
  • 9: Lecture-9.Depreciation Policies 11:57
  • 10: Lecture-10.Operational Fixed Asset Controls 12:36
  • 11: Lecture-11.Inventory Accounting and Controls 10:37
  • 12: Lecture-12.Revenue Accounting and Controls 08:02
  • 13: Lecture-13.Expenses Accounting and Working Capital 11:42

All Startup founders and business owners, executives must get a basic understanding of finance and accounting to enable themselves to be able to read financial statements, analyze results and the impact of their business decisions.

This course was recorded during a live class with startup founders who do not have any formal background in accounting and finance. Course contents, speed, and explanations are designed keeping in mind those users, hence other users may find it slow and sometimes repetitive. I repeated a few things just to make my audience understand and absorb concepts.

This Class is the first day of five-day series topics discussion in the course includes

Understanding the fundamentals of Accounting & financial statements and how to draw them.

1. Fundamentals of accounting practices.

2. Types of Accounts and Financial Statements

3. Accounting Entries

4. Relationship between Profit & Loss / Balance Sheet and Cash Flow

5. Key Accounting Policies

a. Inventory

b. Fixed Assets

c. Capital vs operating expenses.

d. Revenue Recognition

e. Expenses Accounting

6. Accounting Control Practices

a. Receivable from customers

b. Advance / pre payments

c. Accruals and Provisions

d. Fixed Assets

e. Supplier Payments

7. Working Capital

8. Analysis Steps and Methods

Please let me know if you feel any topic is missed.

• Startup Founder and Co-founder
• Small Business Owners
• Other Business Executives with no formal background in accounting
• MBA students

• Time & Desire to Learn

Currently there are no Q&As for this course. Be the first to ask a question.

Reed courses certificate of completion

Digital certificate - Included