Course: Accounting for Beginners - By Chris Moore

Accounting for Beginners - By Chris Moore

  • Life Time Access
  • Certificate on Completion
  • Access on Android and iOS App
  • Self-Paced
About this Course

This course will cover the two main areas of finance & accounting :

  • 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, even though the US and UK have a different style of presenting it

Who is the target audience?

  • This course assumes that you either work in a business, or have entrepreneurial ambitions to control your own business
  • People wanting a career in a Finance department
  • Entrepreneurs
  • Non-accounting executive who needs to understand more about the Company’s finances
Basic knowledge
  • No previous knowledge is required, other than basic business knowledge
What you will learn
  • Entrepreneurs who want to quickly learn the language of business
  • Managers, Directors, Vice Presidents that want to be taken seriously by their colleagues and bosses
  • Anybody who is planning a start-up business
Number of Lectures: 21
Total Duration: 01:10:04
Accounting for Beginners
  • Introduction  
  • First Transactions  

    Follow the first transactions of this new start-up Company

  • T-Accounts Introduction  

    Follow the second transactions of this new start-up Company

  • T-Accounts Conclusion  

    Follow the final transactions of this new start-up Company

  • The First Trial Balance  

    Now we can extract the Company's first Trial Balance and see that it does indeed balance

  • The First Income Statement, also called: The Profit & Loss Account  

    The follow on from the Trial Balance is to extract the Company's first Income Statement for the month, which is also called the Profit & Loss Account

  • The First Balance Sheet  

    Now we have the Company's first Trial Balance and the Income Statement, we can extract the first Balance Sheet.

  • Balance Sheet Variations  

    Balance Sheets are all basically the same, but they don't look the same. If you understand one Balance Sheet, you will understand other formats after seeing this video

  • Accounts in Practise  

    This is a wrap-up of level one, together with a few extra points to help you remember the previous lessons in level one

  • A Personal Balance Sheet compared with a Company Balance Sheet  

    This looks at the difference between a personal Balance Sheet and a Company Balance Sheet

  • Balance Sheet Level 2  

    This relooks at the different types of Balance Sheets

  • Income Statement / Profit & Loss Account Introduction  

    If you are ever sat in a management meeting going through the Income Statement (Profit & Loss Account), you may have wondered what the various categories referred to. This follows a typical Income Statement.

  • Are these costs, Expenses, or Assets? Why is this?  

    All costs are not treated as equal; some are expenses and some are assets. This video shows the differences

  • Accounting Jargon explained  

    The commonly used accounting jargon is explained, building up from the top line to the bottom line, I have just used more jargon.

  • Why Accuals Accounting is so Fundamental  

    Late invoices, or no invoices can cause issues if the bookkeeper, or accountant doesn't allow for this. Accruals are necessary for various reasons, this video explains why.

  • Trial Balances are the start of Financials  

    Before any financials are extracted, the Trial Balance is extracted, this video shows you why the Trial Balance is so useful

  • Fixed Assets and how they are shown in the Income Statement  

    Fixed Assets are purchased, but they are not shown in the Income Statement in the month of purchase, but spread over years. This video shows how this is done

  • Stock Inventories movements affecting the Income Statement  

    Bulk purchasing to obtain a bigger discount can sometimes make sense, but it does have implications to the financials. This video shows how to deal with this issue.

  • Accounts Receivable  
  • How to calculate the Return on Capital Employed  
  • Transfer Pricing - International Rules  
Reviews (0)