Basics Of Accounting - A Compelling Refresher For Freshers

Birds eye view of the world of Accounting and Finance processes.

What you'll learn
Good understanding of Basics of Accounting concepts, Bookkeeping, Errors in Trial balance etc.
Familiarity with Financial statements elements and a basic understanding of the flow and presentation - Income statement, Balance Sheet and Cash flow statement
High level Process overview of key finance processes - Order to Cash, Procure to Pay, Record to Report, Travel expense, Payroll, Fixed Assets, BRS
Awareness of all the basic accounting journal entries - Simplified into a downloadable resource for offline reading
Requirements
No prerequisite for the course. Even a fresher or layman can understand the concepts.
Description
This course will provide a holistic view of the Accounting and Finance processes for a fresher or beginner level.This course is purposely kept at 1 hour to ensure beginners and freshers get an overview in quick time. Separate lectures are created for each topic and the essence of the topic is summarized in a bite size videos for easy understanding. This course covers:Basics of Accounting and Bookkeeping, Accounting concepts, 3 golden rules of Accounting, Debit and Credit, Cash basis and accrual basis etc.Trial Balance and Errors in Trial balance etc.Financial statements elements and a basic understanding of the flow and presentation of Income statement, Balance Sheet and Cash flow statement.  Introduction to Key concepts like Capex/Opex, Accruals/Prepaid, Provision/Reserves, working capital, Broad categories of ratios, Chart of Accounts etc.Management's assertions of financial statementsHigh level Process overview of key finance processes - Order to Cash, Procure to Pay, Record to Report, Travel expense, Payroll, Fixed Assets, Bank Reconciliation statement. This will give the student an end-to-end perspective of most of the finance processes which a beginner might start working and all these information and learnings will be relatable in a real work environment.Basic accounting journal entries - Simplified into a downloadable resource for offline readingSummary of all the key points of this course into a downloadable resource for offline reading

Overview

Section 1: Introduction

Lecture 1 Accounting Concepts

Lecture 2 Accounting entry system

Lecture 3 Golden Rules of Accounting

Lecture 4 Examples of Identifying the correct accounting entries

Lecture 5 Accounting - End to End process flow - Transaction to Financial statements

Lecture 6 Trial Balance

Lecture 7 Adjustment Entries

Lecture 8 3 Key concepts

Section 2: Financial statements - An Introduction

Lecture 9 Financial statements - Overview

Lecture 10 Income Statement - Overview

Lecture 11 Balance Sheet - Overview

Lecture 12 Cash Flow Statement - Overview

Lecture 13 Financial statement and Management Assertions

Lecture 14 Working Capital

Lecture 15 Interpretation of Financial statements - Ratio Analysis - High level Overview

Section 3: Process flows - High level overview

Lecture 16 Order to cash (O2C) - High level overview

Lecture 17 Procure to Pay (P2P) - High level overview

Lecture 18 Travel expenses - High level overview

Lecture 19 Payroll - High level overview

Lecture 20 Fixed Assets - High level overview

Lecture 21 Bank Reconciliation - High level overview

Lecture 22 Record to Report (R2R)- High level overview

Lecture 23 Additional Resource - Question and Answers - Downloadable PDF

Lecture 24 Additional Resource - Accounting Journal Entries - A simple compilation

Beginner who wants to pursue a career in Accounting or Finance