Basics Of Accounting - A Compelling Refresher For Freshers
Published 10/2022
MP4 | Video: h264, 1280x720 | Audio: AAC, 44.1 KHz
Language: English | Size: 202.02 MB | Duration: 1h 4m
Published 10/2022
MP4 | Video: h264, 1280x720 | Audio: AAC, 44.1 KHz
Language: English | Size: 202.02 MB | Duration: 1h 4m
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