- Introduction - Is this Course for you?
- Mind the GAAP
- Not All Accounting Standards are created Equal!
- Types of Accounting - Financial Accounting
- Managerial Accounting- Can you keep a secret?
- Tax Accounting- Everyone Must Pay!
- Learning the Language of Accounting
- The Accounting Equation & it's Components- Assets, Liabilities & Owners Equity
- Revenue, Expenses, Earnings and More!
- Gains and Losses
- A Deep Dive into the Accounting Equation
- Examples of the Accounting Equation
- Short Quiz: The Accounting Equation
- Accounts - Your Journey has just begun
Accounting Basics for Success in Business and in Life!
Quick Facts
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Medium of instructions
English
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Mode of learning
Self study
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Mode of Delivery
Video and Text Based
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Course overview
Financial statements are more likely to be accurate when accounting standards are used. The income statement, the balance sheet, the cash flow statement, and the statement of retained earnings are all part of the financial statements. All stakeholders and shareholders can judge how well a business is doing with the help of standardized reporting. Financial statements must be clear, trustworthy, and correct. Accounting is the process of putting together financial information so that it is clear and easy for all stakeholders and shareholders to understand. The main purpose of accounting is to record and report a company's financial transactions, financial performance, and cash flows. Accounting Basics for Success in Business and in Life! online certification is made available by Udemy to candidates who want to learn the fundamentals of accounting to set themselves up for success in business.
Accounting Basics for Success in Business and in Life! online training comprises five hours of video content, seven articles, and 11 downloadable resources are included. Individuals who complete the course can access the materials indefinitely and print a digital certificate.
Accounting Basics for Success in Business and in Life! online classes include financial statements, ratio analysis, accounting cycles, managerial accounting, tax accounting, and various accounting software.
The highlights
- Five Hours of On-Demand Video
- Full Lifetime Access
- Seven Articles
- 11 Downloadable Resources
- Access on Mobile and TV
- Certificate of Completion
Program offerings
- Online course
- Learning resources
- 30-day money-back guarantee
- Unlimited access
Course and certificate fees
Fees information
certificate availability
Yes
certificate providing authority
Udemy
Who it is for
What you will learn
Accounting Basics for Success in Business and in Life! certification course, the aspirants will learn the basics of finance and accounting, how to generate the income statement, balance sheet, and cash flow statement and how they all fit together, as well as practical strategies that can be used to reach business goals faster. The applicant will do paradigm shifts, financial ratios, analysis, and get quick and useful information about companies. Participants will learn about financial statements, common business mistakes, accounting jargon, and real-life business examples that will help them become better investors. Individuals will also learn the basics of bookkeeping, accounting and taxation as well as how to use free accounting software to keep track of their accounts.
The syllabus
Accounting Speak
The Accounting Cycle
- An Introduction to Section 2
- The Chart of Accounts
- Technology and the Chart of Accounts
- The Accounting Cycle - The Journey of a Transaction
- Transactions and Breaking Down a Journal Entry
- Debits and Credits
- Short Quiz: Journal Entries
- The Basics of Bookkeeping
- T- Accounts
- Trial Balances, Adjusting Entries and Closing out the Accounting Cycle
- Testing your Knowledge - The Long Quiz
- Question 11 - Meet the Big Boss!
Using FREE Accounting Software to manage your Bookkeeping & Accounting Needs
- The Different Accounting Software Available in the Market
- A New Announcement made by Wave
- An Introduction to Wave: The Free Accounting Software
- Setting Up a New Wave Account
- Setting Up a Chart of Accounts in Wave
- Recording Transactions in Wave
Financial Statements - The Measures of Performance
- Financial Statements and why they are necessary
- Types of Financial Statements
- The Income Statement - Exploring the Earnings
- Disclosing Financial Statements - Private vs. Public Companies
- Martians - Keeping things in the Family!
- The Income Statement - in Practice
- Short Quiz: The Income Statement
- An Independent Review of the Income Statement
- Reviewing the Income Statement
- The Balance Sheet - Assets - The more the Better!
- And now we meet the other half - Liabilities and Owner's Equity.
- The Balance Sheet - In Practice
- Short Quiz: The Balance Sheet
- Cash Vs. Accrual Accounting - Uncovering Hidden Secrets of Financial Statements
- Diving Deeper into Accrual Accounting!
- Short Quiz: Accrual Accounting - Test your understanding!
- 'Cash is King' - The Cash Flow Statement
- The Cash Flow From Operations - Indirect Method
- The Cash Flow From Operations - Direct Method
- The Cash Flow from Operations - In Practice
- The Cash Flow From Investing
- Testing your Knowledge about the Financials
- The Cash Flow from Investing - In Practice
- Cash Flow from Financing
- The Cash Flow from Financing - In Practice
- Short Quiz: The Cash Flow Statement
- It's all in the Notes
Ratio Analysis
- Introduction to Ratio Analysis
- What is Ratio Analysis?
- Categories of Ratios
- Liquidity Ratios
- Short Quiz: Liquidity Ratios
- Solvency Ratios
- Short Quiz: Solvency Ratios
- Activity (Efficiency) Ratios
- Short Quiz: Activity (Efficiency) Ratios
- Profitability Ratios
- Short Quiz: Profitability Ratios
- Valuation Ratios- A look at the P/E
- Ratio Information Sources
- Long Quiz: Testing your Knowledge about Ratios
- Goodbye and Thank You!
FAQ's
- What are Sole Propreitorships?
- What are Partnerships?