Financial Accounting For Beginners (Finac101)

What you'll learn
Learn concepts relating to income statements such as fiscal year and calendar year, the format of the income statement, profit margin calculations
Learn non-recurring items, changes in accounting estimates, and methods of revenue recognition.
Learn balance sheet and its various components such as current assets, current liabilities long-term assets, long-term liabilities, and shareholder's equity.
Learners will also gain knowledge about the preparation of cash flow statements using direct and indirect methods, along with practical examples.
Requirements
Numerical Abilities: To take any of the above Courses, one has to have basic Mathematical Skills and should be good in numbers.
Willingness to make a career in Accounting: The Candidate who is looking out to make a career in the Accounting in future should take up this Online Accounting Course as it will enable him to lay a Strong Foundation right from the beginning of his College Days.
Quantitative Skills: These skills are very much required in this Online Accounting Course since the Candidate will work heavily on large Databases and Numbers and Mathematical Skills will play a crucial role in the Course Study.
Description
The training is specially designed to meet the learning desires of those who connected with the accounting field. The course is a detailed one that will take you through various accounting concepts that will help you with practical application in real life. The course is aimed to provide the learners with essential concepts of accounting domains such as financial accounting, accounting standards, cost accounting, and other relevant concepts. At the end of the course, learners will be well equipped with knowledge regarding important accounting concepts.The training will commence with a lecture on the introduction to financial accounting.A session will be run to explain concepts relating to income statements such as fiscal year and calendar year, the format of the income statement, profit margin calculations, non-recurring items, changes in accounting estimates, and methods of revenue recognition.An understanding will be developed on the preparation of balance sheet and its various components such as current assets, current liabilities long-term assets, long-term liabilities, and shareholder's equity.Learners will also gain knowledge about the preparation of cash flow statements using direct and indirect methods, along with practical examples.It refers to the recording the Day to day Business transactions in the Books of Accounts and preparing the Financial Statements at the year-end.In simple terms, Accounting refers to record-keeping of all the financial transactions of the Business daily to run the Business Smoothly.It means Book-keeping of all the financial and Non-Financial Activities of the Business i.e it's the process of Summarizing, recording, analyzing the Transactions.It can be divided into Management Accounting, Financial Accounting, Cost Accounting.Every Company has an Accounts department to take care of the Financial Transactions of the Business and to provide with the latest Reports on the Performance to the Management.In recent times, there has been a change in the Accounting Standards that need to be followed globally i.e Every Company should prepare its Financial Statements as per IFRS only so that all are comparable to each other.Generally, a CPA is appointed by Companies to take care of the Accounting Activities of the Company.
Overview
Section 1: Accounting - The Foundation
Lecture 1 An Introduction To Financial Accounting
Lecture 2 Purpose Of Financial Statements
Lecture 3 Explaining A Business Cycle
Lecture 4 Accounting For Income Statement
Lecture 5 Accounting For Balance Sheet -1
Lecture 6 Accounting For Balance Sheet -2
Lecture 7 Accounting For Balance Sheet - 3
Lecture 8 Accounting For Cash Flows
Lecture 9 Conclusion
Section 2: Accounting:01 - Income Statement
Lecture 10 Financial Statements - Fiscal Year Vs Calendar Year
Lecture 11 Income Statement Format
Lecture 12 Calculating Profit Margins
Lecture 13 Non Recurring Items
Lecture 14 Changes In Accounting Estimates
Lecture 15 Final Remarks
Lecture 16 Revenue Recognition - Percentage Completion & Completed Contract
Lecture 17 Revenue Recognition - Installment Method & Cost Recovery
Lecture 18 Depreciation Expense
Lecture 19 Downloading Colgates Income Statement
Lecture 20 Analyst Format Of Colgates Income Statement
Lecture 21 Formatting The Income Statement
Lecture 22 Investigating The Non-Recurring Charges
Lecture 23 Seperating Non-Recurring Items
Lecture 24 Comparision Of Margins - Before And After Adjustments
Section 3: Accounting:02 - Balance Sheet
Lecture 25 Introduction To Balance Sheet
Lecture 26 Introduction To Current Assets
Lecture 27 Cash And Cash Equivalents
Lecture 28 Cash And Cash Equivalents - Colgate PandG Microsoft
Lecture 29 Accounts Receivables
Lecture 30 Accounts Receivables Case Study
Lecture 31 Inventory
Lecture 32 Inventory - Case Study
Lecture 33 Inventory - Lcm
Lecture 34 Inventory - Colgate
Lecture 35 Inventory Valuations
Lecture 36 Inventory Valuation - Recap
Lecture 37 Prepaid Expenses
Lecture 38 Other Current Assets - Colgate
Lecture 39 Financial Reporting Standards
Lecture 40 Current Liabilities
Lecture 41 Current Liabilities - Colgate
Lecture 42 Long Term Assets
Lecture 43 Introduction To Goodwill
Lecture 44 Pooling Method Of Accounting
Lecture 45 Purchase Method Of Accounting
Lecture 46 Goodwill Impairment
Lecture 47 Long Term Investments Part 1
Lecture 48 Long Term Investments Continued
Lecture 49 Long Term Investments - Example
Lecture 50 Long Term Liabilities
Lecture 51 Long Term Liabilities - Risk Profile
Lecture 52 Introduction To Shareholde'S Equity
Lecture 53 Common Stock - Par Value And Apic
Lecture 54 Treasury Stock Or Shares
Lecture 55 Retained Earnings & Dividends
Lecture 56 Additional Other Comprehensive Income
Lecture 57 Introduction To Preference Shares
Lecture 58 Macdonald'S Shareholder'S Equity
Lecture 59 Dividends - Types
Lecture 60 Cash And Property Dividend - Example
Lecture 61 Stock Dividends
Lecture 62 Small & Large Stock Dividends - Example
Lecture 63 Stock Split
Section 4: EPS - The Concepts Of Earnings Per Share
Lecture 64 Introduction To Eps
Lecture 65 Basic Eps Example
Lecture 66 Calculating Weighted Average Shares
Lecture 67 Effect Of Stock Dividends And Stock Splits
Lecture 68 Simple Vs Complex Structures
Lecture 69 Preferred Convertible Shares Dilution
Lecture 70 Preferred Convertible Shares Dilution - Example
Lecture 71 Anti-Dilutive Preferred Convertible Shares
Lecture 72 Convertible Debt Dilution
Lecture 73 Convertible Debt Dilution - Example
Lecture 74 Anti-Dilutive Convertible Debt
Lecture 75 Stock Options
Lecture 76 Treasury Stock Method
Lecture 77 Stock Option Dilution - Example
Lecture 78 Comprehensive Example
Students: It refers to the Undergraduates or Graduates who have just joined College and willing to start a career in Accountancy. Since many Students take up Commerce after School is over, these will be the right audience for this Online Accounting Training.,Professional Accountants: It refers to the CA's, CS, MBA who are already working in a Corporate and are willing to enhance their Accounting skills further. These are the ones who want to update themselves about different types of Accounting and are willing to learn about Complex Accounting Treatment as per the Newly launched IFRS.,Anyone willing to learn about Accounts: It refers to those who are from Non-Finance background and are willing to learn the Accounting Concepts and its applications in the practical world.
Homepage

https://www.udemy.com/course/financial-accounting-for-beginners-finac101/