Last updated 9/2019 MP4 | Video: h264, 1280x720 | Audio: AAC, 44.1 KHz Language: English | Size: 1.42 GB | Duration: 6h 51m Let's get ready to do some Accounting and Bookkeeping!
What you'll learn Understand the purpose and types of businesses and how they interact with key stakeholders and the external environment. Understand the purpose and types of businesses and how they interact with key stakeholders and the external environment. Recognise the function of accountancy and audit in communicating, reporting and assuring financial information and in effective financial control and compliance Understanding the various statements within the Financial Statements Preparing a bank reconciliation Preparing a trial balance Posting to the general ledger accounts Preparing a set of financial statements Preparing a set of consolidated financial statements Choosing the right accounting package for you How to manage working capital of a business Ratio analysis and how to make use of various ratios to increase performance Demonstrate the use of double-entry and accounting systems Record transactions and events And much more... Requirements An eager mind to learn the basics of accounting and bookkeeping Description This course is designed to develop knowledge and understanding of the underlying principles and concepts relating to financial accounting and technical proficiency in the use of double-entry accounting techniques including the preparation of basic financial statements and assist students and learners to various accounting techniques that can be used in the every day world of finance as well as to introduce knowledge and understanding of the business and its environment and the influence this has on how organisations are structured and on the role of the accounting and other key business functions in contributing to the efficient, effective and ethical management and development of an organisation and its people and systems.This course is great for individuals that are starting up their own businesses in order for them to manage finances and understand the rules of accounting. Overview Section 1: Understanding what a business is and how it functions Lecture 1 The business environment Lecture 2 Business organsation, structure and strategy Lecture 3 The role of accounting Section 2: Introduction to accounting Lecture 4 Choosing the right accounting software for you Lecture 5 The difference between profit and cash Lecture 6 What is a Balance Sheet (SoFP)? Lecture 7 What is an Income Statement (SoCI)? Lecture 8 Managing your working capital cycle and cash flow Section 3: Ratio analysis Lecture 9 Profitability ratios Lecture 10 Solvency and liquidity ratios Section 4: In depth explanations of Financial Accounting concepts Lecture 11 The regulatory framework Lecture 12 The qualitative characteristics of financial information Lecture 13 Sources, records and books of prime entry Lecture 14 Ledger accounts and double entry Lecture 15 From trial balance to financial statements Lecture 16 Sales tax Lecture 17 Inventory Lecture 18 Tangible non-current assets Lecture 19 Intangible non-current assets Lecture 20 Accruals and prepayments Lecture 21 Irrecoverable debts and allowances Lecture 22 Provisions and contingencies Lecture 23 Control accounts Lecture 24 Bank reconciliations Lecture 25 Correction of errors Lecture 26 Preparation of financial statements for sole traders Lecture 27 Incomplete records Lecture 28 Introduction to company accounting Lecture 29 Preparation of financial statements for companies Lecture 30 Events after reporting period Lecture 31 Statement of Cash Flows Section 5: Group Accounting Lecture 32 Introduction to consolidated financial statements Lecture 33 The consolidated statement of financial position (IFRS 10) Lecture 34 The consolidated statement of profit or loss and other comprehensive income People wanting to learn and understand accounting.