Finance and Accounting For Beginners

Finance and Accounting for Beginners is the ideal course for Managers and Entrepreneurs who want to quickly learn the language of business such as; The Income Statement / Profit & Loss Statement and what to look out for in business meetings, the Balance Sheet and why this important statement is not complicated, Options for raising extra cash and Best practice when preparing statements.

This course assumes that you either work in a business, or have entrepreneurial ambitions to control your own business

Part 1 – Profit & Loss or Income Statement

About Chris the instructor

Introduction to the next video on P&L and Income Statements

Introduction to Profit & Loss and Income Statements

Are they Expenses or Assets? Why is this?

Accounting Jargon explained

Why Accruals Accounting is so Fundamental

How the Financials are born from the simple Trial Balance

Fixed Assets and how they are shown in the Income Statement

Stock movements (Inventories) and how they affect the financials

Part 2 – Balance Sheets

Is a Personal Balance Sheet the same as a Company Balance Sheet?

Balance Sheet Level 2

Part 3 – Cash & Working Capital

Raising cash from your receivables/debtors

Part 4 – Working more efficiently

Show two different variables on the same chart

Jump around an excel worksheet

Eliminate Excel Error messages

How to present a moving financial chart in PowerPoint

Don’t get embarrassed, avoid adding mistakes with the rounding function

Part 5 – Other Points

How to calculate the Return on Capital Employed

Transfer Pricing – International Rules

Why Absolute Referencing is important to save time

Excel and Calculator logic are Different

Part 6 – Printed Resources

Profit and Loss, Income Statement Introduction Print

Profit & Loss Income Statement Accruals Print

Expenses or Assets Print

Profit & Loss, Income Statement Terms print

Depreciation Print

Trial Balance into Financials print

Inventories and Stocks Print

Balance Sheet start print

Balance Sheet Introduction print

Invoice Finance print

Return on Capital Employed print

International Rules print

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