KNOCK OUT Accounting Concepts- Accounting BASICS for Beginners! (Sec Three) - Financial Statements Premium class
- 1x (Normal)
Financial Statements and why they are Necessary1:39
Types of Financial Statements1:09
The Income Statement - Exploring the Earnings6:55
The Balance Sheet - Assets - The more the Better!8:18
And now we meet the other half - Liabilities and Owner's Equity.5:41
Cash Vs Accrual Accounting8:30
Cash Flow from Operations- Indirect Method10:01
Cash Flow from Operations - Direct Method9:22
Cash Flow from Investing3:38
Cash Flow from Financing7:59
It's all in the Notes2:26
Goodbye and Thank You!0:49
About This Class
Does Accounting sound like a Foreign Language to you?
If you answered YES to that question - You've come to the right place.
This Course is designed to give you an introduction to the Language of Accounts where we will go over the Basic building blocks of accounting together. Let me add that this Course is not designed to be the be all and end all of all accounting courses - But, more as a start to give you a good overview of the most important aspects in Accounts.
There are 3 Sections to this Course -
The First Section goes through Basic Accounting Lingo so that you begin to understand the language of Accounts. After all, if you were to learn a Language you would start with the ABC's right?
In the Next Section - We go through the Accounting Cycle. Ever wondered what Accountants really do? Are they really working or busy playing the latest version of Clash of Clans on their phone. Once you know more about the Accounting Cycle you'll uncover the mystery behind the numbers.
In the Last section - We will look at the Financial Statements. What they are? Their purpose and their Value to you as an Individual. Financial Statements are like the pot of Gold at the End of the Rainbow and we'll be enjoying the Gold together....
Sorry...what I mean is we will be going through the Financial Statements together.
You will also be seeing a bit of my zany humor in bits and pieces so please find it in your heart to forgive me. After all, Most accounting courses have put me to sleep and if that's the kind of course your looking for then this course is not for you.
This Course is also NOT designed to save your Marriage or get you a Date with Katy Perry (Or Brad Pitt if you prefer). This Course will however give you a Good Introduction into the world of Accounts - something which I believe will help you in many ways throughout your lifetime.
With Best Regards,
I began my career as a Financial Analyst at a New York Bank analyzing the Financial Statements for Small and Medium Enterprises for 10 years which made me understand and enhance all my Accounting and Finance concepts. This Knowledge later enabled me to create a concrete business plan and successfully start and run two profitable businesses since then - All in a span of 4 years. Having my fundamentals of Accounting, Finance and Entrepreneurship clear has had a big impact on my life and I am passionate about teaching what I have learnt to others.