Understand how transactions are recorded, financial statements generated and how accounting policies Impact results !
What you will 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
Why take this course?
🎉 Course Title: Practical Accounting – Beginners, Founders & Business Owners
🎓 Course Headline: Master the Basics of Accounting for Informed Decision Making!
Course Description:
Are you a startup founder, small business owner, or executive with little to no formal training in accounting and finance? It’s crucial to have at least a foundational understanding of these disciplines to make informed decisions about your business’s financial health. That’s where this comprehensive course comes into play! 🧐
Why Take This Course?
- Practical Insights: Tailored for beginners, this course demystifies accounting principles and their practical application in real-world scenarios.
- Real-World Application: Learn how to record transactions, generate financial statements, and understand the impact of your business decisions on financial results.
- Engaging Instruction: This course was crafted from a live class with startup founders who had no prior accounting knowledge. The pace and explanations are designed for beginners, ensuring clarity and comprehension. 🎬
Course Outline:
- Day 1: Fundamentals of Accounting and Financial Statements
- Introduction to Accounting Practices
- Types of Accounts and Financial Statements Explained
- Balance Sheet
- Income Statement
- Cash Flow Statement
- Accounting Entries Demystified
- Linking Profit & Loss, Balance Sheet, and Cash Flow Statements
- Understanding Key Accounting Policies
- Inventory Management: The Nuts and Bolts
- Fixed Assets: What Every Business Owner Needs to Know
- Capital vs Operating Expenses: Making the Distinction
- Revenue Recognition: A Closer Look
- Expenses Accounting: Keeping Your Finances in Check
- Accounting Control Practices
- Managing Receivables from Customers
- Handling Advances and Prepayments
- Navigating Accruals, Provisions, and Fixed Assets Management
- Effective Supplier Payment Strategies
- Analyzing Financial Health: Working Capital & Methods
- Working Capital: The Lifeblood of Your Business
- Analysis Steps and Methods to Drive Growth and Profitability
Learning Outcomes:
By the end of this course, you will have a clear understanding of how accounting principles can be applied in your business. You’ll know how to maintain accurate financial records, analyze your company’s financial statements, and use this knowledge to make strategic decisions that positively impact your bottom line. 📈
Additional Notes:
This course is a comprehensive introduction to accounting for non-accountants. If you feel any topic has been overlooked or if you have specific areas of interest within accounting, please let us know! Your feedback is invaluable in ensuring this course meets your needs and helps you achieve your financial literacy goals.
Enroll now and take the first step towards financial proficiency for your business! 🚀