Accounting 101 How to read an Accounting Balance Sheet
What you’ll learn
By the end of this course you will understand the three financial statements, and the difference between them.
You will be able to read and understand the numbers on any annual report and/or balance sheets.
You will also be able to make preliminary assessments of whether a business is doing well or not, based on the financial statements
Open mind and time to go through the entire course
You should not be shy to ask any questions/doubts on the discussion board.
_______________________________________________________________________Leela Krishna Says: “…If you are serious about learning the RIGHT things about FINANCIAL STATEMENTS, I would strongly recommend this course. The instructor is very knowledgeable and explained the concepts with great clarity using examples for easy understanding…”_______________________________________________________________________Marvin Says: “…So glad I found it here. Wooaahh. Numbers not that hard anymore!!! How I wish I had seen this lecture before. More than worth a penny!!!…. _______________________________________________________________________ Adam Says: “This course makes you a finance literate! Fantastic coverage of financial statements and key aspects of financial management. Recommended.” ________________________________________________________________________ Millions of people around the world, just like you and me are somehow involved in reading financial numbers. Be it your business, your personal finance or your savings, understanding finance is now an essential pre-requisite for business survival and informed decision making. Interestingly, the single biggest skill in life that could make or break your financial success is not taught in school. Many entrepreneurs run businesses without having a clue on how to read a balance sheet. Business owners are and continue to remain dangerously ignorant of their numbers and the tax laws. A recent study showed that 55% of small business owners did not review their monthly balance sheets, because they did not understand them.Another survey finds that 83% of small businesses face a serious financial literacy gap.The survey also found that the single reason why most small businesses didn’t succeed was the lack of financial literacy skills needed to navigate the obstacles.This course reveals exactly how you overcome these issues by following the simple steps and tips we give in this course! There really is nothing more to do! ________________________________________________________________________At the end of this course you will be able to: Understand the business section of any newspaper or magazine, if you don’t do so already.Understand the three main financial statements, viz. Balance Sheet, Income Statement and Cash flow and how they are different from each other.Read these financial reports and interpret what the numbers really mean.Throw questions on your financial reports that your accountant has never been asked before! Just follow the simple steps and tips that we reveal. The course will continue to grow and grow with new materials, new examples and new case studies being added every week! ______________________________________________________________________ About this course: Step-by-Step approach to reading financial statementsDownloadable case studies and materialFull lifetime access to this course and course materialSo, why are you waiting? Join me in learning how financial statements are made and what they mean! Remember, for every minute that you are waiting, somebody else is getting ahead of you!
Section 1: Introduction
Lecture 1 Course Introduction
Lecture 2 What is Accounting
Lecture 3 Watch this first – Some basics of finance
Lecture 4 Learn the 3 important assumptions that accountants make!
Lecture 5 The 5 fundamental principles in finance
Lecture 6 The Secret Analogy of Financial Statements
Lecture 7 Accounting Equation: Do the numbers always add up?
Section 2: The Balance Sheet
Lecture 8 The Assets Side – Part I
Lecture 9 The Assets Side – Part II
Lecture 10 The Liabilities Side
Lecture 11 The Equity Component
Section 3: The Income Statement
Lecture 12 Introduction to the Income Statement
Lecture 13 Income Statement – Explained
Section 4: The Statement of Cash Flows
Lecture 14 Introduction to the Cash Flow Statement
Lecture 15 Why are profits not equal to Cash
Section 5: How do all these link together
Lecture 16 Case Study
Lecture 17 How do all these link together – Explained
Section 6: Financial Analysis Techniques
Lecture 18 Case Study – Apple Inc.
Lecture 19 Income Statement Analysis
Lecture 20 Balance Sheet Analysis
Lecture 21 Cash Flow Analysis
Section 7: Conclusion
Lecture 22 Conclusion and Summary
People who know very little on accounting and finance and would like to learn more;,Managers or entrepreneurs and they regularly receive financial information but are not able to make sense of the numbers,People who have invested money in businesses or stocks and are not sure how the business is performing financially
Udemy | English | 1h 46m | 740.25 MB
Created by: KayOne Academy