Accounting Basics for Success in Business and in Life!

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  • Study type: Online
  • Starts: Anytime
  • Price: See latest price on Udemy
Udemy

Course Description

Has Accounting always sounded like a foreign language to you?

Do Financial Statements add so much confusion to your life that you secretly avoid them?

If you are struggling to understand 'the numbers' as they say and have answered YES to ANY of these questions - You've come to the right place.

"Over 1,800 people have trusted this course to give them a good overview of the most important aspects of Accounts and Financial Statements"

This course is designed to give you must needed insights into the World of Accounts where we go over the building blocks of Bookkeeping, Accounting, Financial Statements and Ratio Analysis together.


There are Six Sections to this Course -

The First Section goes through Accounting Lingo and is perfect for beginners to start understanding the language of Accounts. This section is meant for people who have little working knowledge of accounts. This Section will help bring you up to speed with Basic Accounting Vocabulary. After all, if you were to learn any Language you would start with the ABC's right?

In the Second Section - We go through what is called the Accounting Cycle (which in plain English simply means the process Accountants follow). If you've ever wondered what Accountants really do- you'll get a sneak peek in this section. Plus, I give you a cool little trick to understand journal entries- the building blocks of accounting functionality. If Debits and Credits have ever confused you in school- you'll never be confused again. Many people also get confused by the term Bookkeeping and don't fully understand the functioning of Bookkeepers in the Business process and we also go over that together in this section. Once you know more about the Accounting Cycle you'll uncover the mystery behind the numbers of your Business.

Section Three takes us away from the world of the theoretical into the world of the practical as we take the knowledge we have learned from Sections 1 & 2 and put it into practice by taking a deep dive and learning a Free Accounting Software called Wave.

In Section Four- we will look at and understand the 3 Main Financial Statements - The Balance Sheet, The Income Statement and the Cash Flow Statement. If you have not understood Financial Statements in the past and why they are so important - You've been missing out! Understanding Financial Statements is a MUST for anybody who wants to make a dent in the world of Business. If you own a Business or ever plan to own one - Understanding how to read Financial Statements can take you from being a good business owner to a great one. They can take you from an Average investor to a Savvy one.

Section Five teaches you Ratio Analysis. Ratio Analysis allows you to thoroughly analyze a company's performance using the companies Financial Statements. Learning how to calculate Financial Ratios can help give you quick and insightful information about companies.

Last, but not least we have all the commonly asked questions as part of an ongoing library assembled and put together in Section Six.


This course is made in an easy to follow, topic by topic format with plenty of quizzes to test your learning along the way. 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). See, I warned you about my zany humor, didn't I?


Apart from any of the humor - more importantly - This Course WILL give you a Good rundown into the world of Accounts - something which I believe will help you and your business in many ways throughout your lifetime.


With Best Regards,

Uday Gehani

Who this course is for:

  • Anyone who are is not familiar with Accounting and wants to learn more in a quick and fun way.
  • Business Owners looking for a quick refresher to Basics of Financial Accounting.
  • Managers with limited accounting backgrounds.
  • Budding Investors who think reading Financial Statements and Understanding Accounts is their 'weakest link.'

Expected Outcomes

  1. You will BUILD A SOLID FOUNDATION IN UNDERSTANDING BUSINESS by learning the Basics of Accounts. You will LEARN TO READ FINANCIAL STATEMENTS to assess the health of any Business. You will understand how the Income Statement, Balance Sheet and Cash Flow Statement work and tie in together. You will learn about common Entrepreneurial mistakes - such as not understanding the difference between Profits and Cash Flow which drain an Entrepreneurs Resources. You will learn practical strategies which can be used to REACH BUSINESS GOALS FASTER. You will learn 'Accounting Jargon' and 'Real Life Business Examples' making you a better Investor. You will have a complete 'Paradigm shift' in how you view business making you understand the world of Business better. You will learn the Basics of Bookkeeping and how to use free Accounting Software to manage Accounts You will learn about RATIO ANALYSIS & FINANCIAL RATIOS to help you get quick & insightful information about companies. Curated for the Udemy Business collection Requirements Know English. Understand Basic Math. A basic calculator would be helpful to solve some Quizzes but is not required. No other prior Accounting knowledge is needed - Just a curious mind! Description Has Accounting always sounded like a foreign language to you? Do Financial Statements add so much confusion to your life that you secretly avoid them? If you are struggling to understand 'the numbers' as they say and have answered YES to ANY of these questions - You've come to the right place. "Over 1,800 people have trusted this course to give them a good overview of the most important aspects of Accounts and Financial Statements" This course is designed to give you must needed insights into the World of Accounts where we go over the building blocks of Bookkeeping, Accounting, Financial Statements and Ratio Analysis together. There are Six Sections to this Course - The First Section goes through Accounting Lingo and is perfect for beginners to start understanding the language of Accounts . This section is meant for people who have little working knowledge of accounts. This Section will help bring you up to speed with Basic Accounting Vocabulary. After all, if you were to learn any Language you would start with the ABC's right? In the Second Section - We go through what is called the Accounting Cycle (which in plain English simply means the process Accountants follow). If you've ever wondered what Accountants really do- you'll get a sneak peek in this section. Plus, I give you a cool little trick to understand journal entries - the building blocks of accounting functionality. If Debits and Credits have ever confused you in school- you'll never be confused again. Many people also get confused by the term Bookkeeping and don't fully understand the functioning of Bookkeepers in the Business process and we also go over that together in this section. Once you know more about the Accounting Cycle you'll uncover the mystery behind the numbers of your Business. Section Three takes us away from the world of the theoretical into the world of the practical as we take the knowledge we have learned from Sections 1 & 2 and put it into practice by taking a deep dive and learning a Free Accounting Software called Wave. In Section Four - we will look at and understand the 3 Main Financial Statements - The Balance Sheet, The Income Statement and the Cash Flow Statement. If you have not understood Financial Statements in the past and why they are so important - You've been missing out! Understanding Financial Statements is a MUST for anybody who wants to make a dent in the world of Business. If you own a Business or ever plan to own one - Understanding how to read Financial Statements can take you from being a good business owner to a great one. They can take you from an Average investor to a Savvy one. Section Five teaches you Ratio Analysis. Ratio Analysis allows you to thoroughly analyze a company's performance using the companies Financial Statements. Learning how to calculate Financial Ratios can help give you quick and insightful information about companies. Last, but not least we have all the commonly asked questions as part of an ongoing library assembled and put together in Section Six. This course is made in an easy to follow, topic by topic format with plenty of quizzes to test your learning along the way. 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). See, I warned you about my zany humor, didn't I? Apart from any of the humor - more importantly - This Course WILL give you a Good rundown into the world of Accounts - something which I believe will help you and your business in many ways throughout your lifetime. With Best Regards, Uday Gehani Who this course is for: Anyone who are is not familiar with Accounting and wants to learn more in a quick and fun way. Business Owners looking for a quick refresher to Basics of Financial Accounting. Managers with limited accounting backgrounds. Budding Investors who think reading Financial Statements and Understanding Accounts is their 'weakest link.' Show more Show less Course content 6 sections • 62 lectures • 5h 9m total length Expand all sections "Accounting Speak" 12 lectures • 54min Introduction - Is this Course for you? Preview 04:21 Mind the GAAP 02:42 Not All Accounting Standards are created Equal! 01:27 Types of Accounting - Financial Accounting Preview 06:58 Managerial Accounting- Can you keep a secret? 05:07 Tax Accounting- Everyone Must Pay! 02:03 Learning the Language of Accounting Preview 01:47 The Accounting Equation & it's Components- Assets, Liabilities & Owners Equity 03:33 Revenue, Expenses, Earnings and More! 03:11 Gains and Losses 01:53 A Deep Dive into the Accounting Equation 07:11 Examples of the Accounting Equation 13:17 Short Quiz: The Accounting Equation 3 questions Accounts - Your Journey has just begun 5 questions The Accounting Cycle 10 lectures • 39min An Introduction to Section 2 Preview 01:52 The Chart of Accounts 10:49 Technology and the Chart of Accounts 00:27 The Accounting Cycle - The Journey of a Transaction Preview 01:47 Transactions and Breaking Down a Journal Entry Preview 02:59 Debits and Credits 05:04 Short Quiz: Journal Entries 4 questions The Basics of Bookkeeping 05:15 T- Accounts 04:26 Trial Balances, Adjusting Entries and Closing out the Accounting Cycle 05:42 Testing your Knowledge - The Long Quiz 10 questions Question 11 - Meet the Big Boss! 00:59 Using FREE Accounting Software to manage your Bookkeeping & Accounting Needs 6 lectures • 33min The Different Accounting Software Available in the Market 02:56 A New Announcement made by Wave 01:35 An Introduction to Wave: The Free Accounting Software 02:09 Setting Up a New Wave Account 03:40 Setting Up a Chart of Accounts in Wave 08:27 Recording Transactions in Wave 14:25 Financial Statements - The Measures of Performance 22 lectures • 1hr 50min Financial Statements and why they are necessary 01:39 Types of Financial Statements 01:09 The Income Statement - Exploring the Earnings 06:55 Disclosing Financial Statements - Private vs. Public Companies 04:52 Martians - Keeping things in the Family! 01:23 The Income Statement - in Practice 08:18 Short Quiz: The Income Statement 4 questions An Independent Review of the Income Statement 02:04 Reviewing the Income Statement 00:29 The Balance Sheet - Assets - The more the Better! 08:18 And now we meet the other half - Liabilities and Owner's Equity. 05:41 The Balance Sheet - In Practice 04:18 Short Quiz: The Balance Sheet 2 questions Cash Vs. Accrual Accounting - Uncovering Hidden Secrets of Financial Statements 08:30 Diving Deeper into Accrual Accounting! 01:01 Short Quiz: Accrual Accounting - Test your understanding! 4 questions 'Cash is King' - The Cash Flow Statement 02:53 The Cash Flow From Operations - Indirect Method 10:01 The Cash Flow From Operations - Direct Method 09:22 The Cash Flow from Operations - In Practice 07:26 The Cash Flow From Investing 03:38 Testing your Knowledge about the Financials 11 questions The Cash Flow from Investing - In Practice 03:31 Cash Flow from Financing 07:59 The Cash Flow from Financing - In Practice Preview 08:25 Short Quiz: The Cash Flow Statement 2 questions It's all in the Notes 02:26 Ratio Analysis 10 lectures • 59min Introduction to Ratio Analysis 02:40 What is Ratio Analysis? Preview 04:54 Categories of Ratios 06:00 Liquidity Ratios 05:40 Short Quiz: Liquidity Ratios 3 questions Solvency Ratios 05:05 Short Quiz: Solvency Ratios 2 questions Activity (Efficiency) Ratios 07:10 Short Quiz: Activity (Efficiency) Ratios 2 questions Profitability Ratios 09:45 Short Quiz: Profitability Ratios 2 questions Valuation Ratios- A look at the P/E 06:51 Ratio Information Sources 09:42 Long Quiz: Testing your Knowledge about Ratios 4 questions Goodbye and Thank You! 00:49 FAQ's 2 lectures • 15min What are Sole Propreitorships? 05:30 What are Partnerships? 09:26 Instructor Uday Gehani Dedicated to make complex topics easy! 4.4 Instructor Rating 815 Reviews 4,863 Students 3 Courses 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 my own business. Starting and running my own business came with a steep learning curve which thought me a lot. I use the experiences I have gained in life to build courses in several areas including Accounting, Finance, Productivity & Marketing. Show more Show less Udemy Business Teach on Udemy Get the app About us Contact us Careers Blog Help and Support Affiliate Impressum Kontakt Terms Privacy policy Cookie settings Sitemap © 2021 Udemy, Inc. window.handleCSSToggleButtonClick = function (event) { var target = event.currentTarget; var cssToggleId = target && target.dataset && target.dataset.cssToggleId; var input = cssToggleId && document.getElementById(cssToggleId); if (input) { if (input.dataset.type === 'checkbox') { input.dataset.checked = input.dataset.checked ? '' : 'checked'; } else { input.dataset.checked = input.dataset.allowToggle && input.dataset.checked ? 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  2. You will LEARN TO READ FINANCIAL STATEMENTS to assess the health of any Business. You will understand how the Income Statement, Balance Sheet and Cash Flow Statement work and tie in together. You will learn about common Entrepreneurial mistakes - such as not understanding the difference between Profits and Cash Flow which drain an Entrepreneurs Resources. You will learn practical strategies which can be used to REACH BUSINESS GOALS FASTER. You will learn 'Accounting Jargon' and 'Real Life Business Examples' making you a better Investor. You will have a complete 'Paradigm shift' in how you view business making you understand the world of Business better. You will learn the Basics of Bookkeeping and how to use free Accounting Software to manage Accounts You will learn about RATIO ANALYSIS & FINANCIAL RATIOS to help you get quick & insightful information about companies. Curated for the Udemy Business collection Requirements Know English. Understand Basic Math. A basic calculator would be helpful to solve some Quizzes but is not required. No other prior Accounting knowledge is needed - Just a curious mind! Description Has Accounting always sounded like a foreign language to you? Do Financial Statements add so much confusion to your life that you secretly avoid them? If you are struggling to understand 'the numbers' as they say and have answered YES to ANY of these questions - You've come to the right place. "Over 1,800 people have trusted this course to give them a good overview of the most important aspects of Accounts and Financial Statements" This course is designed to give you must needed insights into the World of Accounts where we go over the building blocks of Bookkeeping, Accounting, Financial Statements and Ratio Analysis together. There are Six Sections to this Course - The First Section goes through Accounting Lingo and is perfect for beginners to start understanding the language of Accounts . This section is meant for people who have little working knowledge of accounts. This Section will help bring you up to speed with Basic Accounting Vocabulary. After all, if you were to learn any Language you would start with the ABC's right? In the Second Section - We go through what is called the Accounting Cycle (which in plain English simply means the process Accountants follow). If you've ever wondered what Accountants really do- you'll get a sneak peek in this section. Plus, I give you a cool little trick to understand journal entries - the building blocks of accounting functionality. If Debits and Credits have ever confused you in school- you'll never be confused again. Many people also get confused by the term Bookkeeping and don't fully understand the functioning of Bookkeepers in the Business process and we also go over that together in this section. Once you know more about the Accounting Cycle you'll uncover the mystery behind the numbers of your Business. Section Three takes us away from the world of the theoretical into the world of the practical as we take the knowledge we have learned from Sections 1 & 2 and put it into practice by taking a deep dive and learning a Free Accounting Software called Wave. In Section Four - we will look at and understand the 3 Main Financial Statements - The Balance Sheet, The Income Statement and the Cash Flow Statement. If you have not understood Financial Statements in the past and why they are so important - You've been missing out! Understanding Financial Statements is a MUST for anybody who wants to make a dent in the world of Business. If you own a Business or ever plan to own one - Understanding how to read Financial Statements can take you from being a good business owner to a great one. They can take you from an Average investor to a Savvy one. Section Five teaches you Ratio Analysis. Ratio Analysis allows you to thoroughly analyze a company's performance using the companies Financial Statements. Learning how to calculate Financial Ratios can help give you quick and insightful information about companies. Last, but not least we have all the commonly asked questions as part of an ongoing library assembled and put together in Section Six. This course is made in an easy to follow, topic by topic format with plenty of quizzes to test your learning along the way. 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). See, I warned you about my zany humor, didn't I? Apart from any of the humor - more importantly - This Course WILL give you a Good rundown into the world of Accounts - something which I believe will help you and your business in many ways throughout your lifetime. With Best Regards, Uday Gehani Who this course is for: Anyone who are is not familiar with Accounting and wants to learn more in a quick and fun way. Business Owners looking for a quick refresher to Basics of Financial Accounting. Managers with limited accounting backgrounds. Budding Investors who think reading Financial Statements and Understanding Accounts is their 'weakest link.' Show more Show less Course content 6 sections • 62 lectures • 5h 9m total length Expand all sections "Accounting Speak" 12 lectures • 54min Introduction - Is this Course for you? Preview 04:21 Mind the GAAP 02:42 Not All Accounting Standards are created Equal! 01:27 Types of Accounting - Financial Accounting Preview 06:58 Managerial Accounting- Can you keep a secret? 05:07 Tax Accounting- Everyone Must Pay! 02:03 Learning the Language of Accounting Preview 01:47 The Accounting Equation & it's Components- Assets, Liabilities & Owners Equity 03:33 Revenue, Expenses, Earnings and More! 03:11 Gains and Losses 01:53 A Deep Dive into the Accounting Equation 07:11 Examples of the Accounting Equation 13:17 Short Quiz: The Accounting Equation 3 questions Accounts - Your Journey has just begun 5 questions The Accounting Cycle 10 lectures • 39min An Introduction to Section 2 Preview 01:52 The Chart of Accounts 10:49 Technology and the Chart of Accounts 00:27 The Accounting Cycle - The Journey of a Transaction Preview 01:47 Transactions and Breaking Down a Journal Entry Preview 02:59 Debits and Credits 05:04 Short Quiz: Journal Entries 4 questions The Basics of Bookkeeping 05:15 T- Accounts 04:26 Trial Balances, Adjusting Entries and Closing out the Accounting Cycle 05:42 Testing your Knowledge - The Long Quiz 10 questions Question 11 - Meet the Big Boss! 00:59 Using FREE Accounting Software to manage your Bookkeeping & Accounting Needs 6 lectures • 33min The Different Accounting Software Available in the Market 02:56 A New Announcement made by Wave 01:35 An Introduction to Wave: The Free Accounting Software 02:09 Setting Up a New Wave Account 03:40 Setting Up a Chart of Accounts in Wave 08:27 Recording Transactions in Wave 14:25 Financial Statements - The Measures of Performance 22 lectures • 1hr 50min Financial Statements and why they are necessary 01:39 Types of Financial Statements 01:09 The Income Statement - Exploring the Earnings 06:55 Disclosing Financial Statements - Private vs. Public Companies 04:52 Martians - Keeping things in the Family! 01:23 The Income Statement - in Practice 08:18 Short Quiz: The Income Statement 4 questions An Independent Review of the Income Statement 02:04 Reviewing the Income Statement 00:29 The Balance Sheet - Assets - The more the Better! 08:18 And now we meet the other half - Liabilities and Owner's Equity. 05:41 The Balance Sheet - In Practice 04:18 Short Quiz: The Balance Sheet 2 questions Cash Vs. Accrual Accounting - Uncovering Hidden Secrets of Financial Statements 08:30 Diving Deeper into Accrual Accounting! 01:01 Short Quiz: Accrual Accounting - Test your understanding! 4 questions 'Cash is King' - The Cash Flow Statement 02:53 The Cash Flow From Operations - Indirect Method 10:01 The Cash Flow From Operations - Direct Method 09:22 The Cash Flow from Operations - In Practice 07:26 The Cash Flow From Investing 03:38 Testing your Knowledge about the Financials 11 questions The Cash Flow from Investing - In Practice 03:31 Cash Flow from Financing 07:59 The Cash Flow from Financing - In Practice Preview 08:25 Short Quiz: The Cash Flow Statement 2 questions It's all in the Notes 02:26 Ratio Analysis 10 lectures • 59min Introduction to Ratio Analysis 02:40 What is Ratio Analysis? Preview 04:54 Categories of Ratios 06:00 Liquidity Ratios 05:40 Short Quiz: Liquidity Ratios 3 questions Solvency Ratios 05:05 Short Quiz: Solvency Ratios 2 questions Activity (Efficiency) Ratios 07:10 Short Quiz: Activity (Efficiency) Ratios 2 questions Profitability Ratios 09:45 Short Quiz: Profitability Ratios 2 questions Valuation Ratios- A look at the P/E 06:51 Ratio Information Sources 09:42 Long Quiz: Testing your Knowledge about Ratios 4 questions Goodbye and Thank You! 00:49 FAQ's 2 lectures • 15min What are Sole Propreitorships? 05:30 What are Partnerships? 09:26 Instructor Uday Gehani Dedicated to make complex topics easy! 4.4 Instructor Rating 815 Reviews 4,863 Students 3 Courses 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 my own business. Starting and running my own business came with a steep learning curve which thought me a lot. I use the experiences I have gained in life to build courses in several areas including Accounting, Finance, Productivity & Marketing. Show more Show less Udemy Business Teach on Udemy Get the app About us Contact us Careers Blog Help and Support Affiliate Impressum Kontakt Terms Privacy policy Cookie settings Sitemap © 2021 Udemy, Inc. window.handleCSSToggleButtonClick = function (event) { var target = event.currentTarget; var cssToggleId = target && target.dataset && target.dataset.cssToggleId; var input = cssToggleId && document.getElementById(cssToggleId); if (input) { if (input.dataset.type === 'checkbox') { input.dataset.checked = input.dataset.checked ? '' : 'checked'; } else { input.dataset.checked = input.dataset.allowToggle && input.dataset.checked ? 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  3. You will understand how the Income Statement, Balance Sheet and Cash Flow Statement work and tie in together. You will learn about common Entrepreneurial mistakes - such as not understanding the difference between Profits and Cash Flow which drain an Entrepreneurs Resources. You will learn practical strategies which can be used to REACH BUSINESS GOALS FASTER. You will learn 'Accounting Jargon' and 'Real Life Business Examples' making you a better Investor. You will have a complete 'Paradigm shift' in how you view business making you understand the world of Business better. You will learn the Basics of Bookkeeping and how to use free Accounting Software to manage Accounts You will learn about RATIO ANALYSIS & FINANCIAL RATIOS to help you get quick & insightful information about companies. Curated for the Udemy Business collection Requirements Know English. Understand Basic Math. A basic calculator would be helpful to solve some Quizzes but is not required. No other prior Accounting knowledge is needed - Just a curious mind! Description Has Accounting always sounded like a foreign language to you? Do Financial Statements add so much confusion to your life that you secretly avoid them? If you are struggling to understand 'the numbers' as they say and have answered YES to ANY of these questions - You've come to the right place. "Over 1,800 people have trusted this course to give them a good overview of the most important aspects of Accounts and Financial Statements" This course is designed to give you must needed insights into the World of Accounts where we go over the building blocks of Bookkeeping, Accounting, Financial Statements and Ratio Analysis together. There are Six Sections to this Course - The First Section goes through Accounting Lingo and is perfect for beginners to start understanding the language of Accounts . This section is meant for people who have little working knowledge of accounts. This Section will help bring you up to speed with Basic Accounting Vocabulary. After all, if you were to learn any Language you would start with the ABC's right? In the Second Section - We go through what is called the Accounting Cycle (which in plain English simply means the process Accountants follow). If you've ever wondered what Accountants really do- you'll get a sneak peek in this section. Plus, I give you a cool little trick to understand journal entries - the building blocks of accounting functionality. If Debits and Credits have ever confused you in school- you'll never be confused again. Many people also get confused by the term Bookkeeping and don't fully understand the functioning of Bookkeepers in the Business process and we also go over that together in this section. Once you know more about the Accounting Cycle you'll uncover the mystery behind the numbers of your Business. Section Three takes us away from the world of the theoretical into the world of the practical as we take the knowledge we have learned from Sections 1 & 2 and put it into practice by taking a deep dive and learning a Free Accounting Software called Wave. In Section Four - we will look at and understand the 3 Main Financial Statements - The Balance Sheet, The Income Statement and the Cash Flow Statement. If you have not understood Financial Statements in the past and why they are so important - You've been missing out! Understanding Financial Statements is a MUST for anybody who wants to make a dent in the world of Business. If you own a Business or ever plan to own one - Understanding how to read Financial Statements can take you from being a good business owner to a great one. They can take you from an Average investor to a Savvy one. Section Five teaches you Ratio Analysis. Ratio Analysis allows you to thoroughly analyze a company's performance using the companies Financial Statements. Learning how to calculate Financial Ratios can help give you quick and insightful information about companies. Last, but not least we have all the commonly asked questions as part of an ongoing library assembled and put together in Section Six. This course is made in an easy to follow, topic by topic format with plenty of quizzes to test your learning along the way. 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). See, I warned you about my zany humor, didn't I? Apart from any of the humor - more importantly - This Course WILL give you a Good rundown into the world of Accounts - something which I believe will help you and your business in many ways throughout your lifetime. With Best Regards, Uday Gehani Who this course is for: Anyone who are is not familiar with Accounting and wants to learn more in a quick and fun way. Business Owners looking for a quick refresher to Basics of Financial Accounting. Managers with limited accounting backgrounds. Budding Investors who think reading Financial Statements and Understanding Accounts is their 'weakest link.' Show more Show less Course content 6 sections • 62 lectures • 5h 9m total length Expand all sections "Accounting Speak" 12 lectures • 54min Introduction - Is this Course for you? Preview 04:21 Mind the GAAP 02:42 Not All Accounting Standards are created Equal! 01:27 Types of Accounting - Financial Accounting Preview 06:58 Managerial Accounting- Can you keep a secret? 05:07 Tax Accounting- Everyone Must Pay! 02:03 Learning the Language of Accounting Preview 01:47 The Accounting Equation & it's Components- Assets, Liabilities & Owners Equity 03:33 Revenue, Expenses, Earnings and More! 03:11 Gains and Losses 01:53 A Deep Dive into the Accounting Equation 07:11 Examples of the Accounting Equation 13:17 Short Quiz: The Accounting Equation 3 questions Accounts - Your Journey has just begun 5 questions The Accounting Cycle 10 lectures • 39min An Introduction to Section 2 Preview 01:52 The Chart of Accounts 10:49 Technology and the Chart of Accounts 00:27 The Accounting Cycle - The Journey of a Transaction Preview 01:47 Transactions and Breaking Down a Journal Entry Preview 02:59 Debits and Credits 05:04 Short Quiz: Journal Entries 4 questions The Basics of Bookkeeping 05:15 T- Accounts 04:26 Trial Balances, Adjusting Entries and Closing out the Accounting Cycle 05:42 Testing your Knowledge - The Long Quiz 10 questions Question 11 - Meet the Big Boss! 00:59 Using FREE Accounting Software to manage your Bookkeeping & Accounting Needs 6 lectures • 33min The Different Accounting Software Available in the Market 02:56 A New Announcement made by Wave 01:35 An Introduction to Wave: The Free Accounting Software 02:09 Setting Up a New Wave Account 03:40 Setting Up a Chart of Accounts in Wave 08:27 Recording Transactions in Wave 14:25 Financial Statements - The Measures of Performance 22 lectures • 1hr 50min Financial Statements and why they are necessary 01:39 Types of Financial Statements 01:09 The Income Statement - Exploring the Earnings 06:55 Disclosing Financial Statements - Private vs. Public Companies 04:52 Martians - Keeping things in the Family! 01:23 The Income Statement - in Practice 08:18 Short Quiz: The Income Statement 4 questions An Independent Review of the Income Statement 02:04 Reviewing the Income Statement 00:29 The Balance Sheet - Assets - The more the Better! 08:18 And now we meet the other half - Liabilities and Owner's Equity. 05:41 The Balance Sheet - In Practice 04:18 Short Quiz: The Balance Sheet 2 questions Cash Vs. Accrual Accounting - Uncovering Hidden Secrets of Financial Statements 08:30 Diving Deeper into Accrual Accounting! 01:01 Short Quiz: Accrual Accounting - Test your understanding! 4 questions 'Cash is King' - The Cash Flow Statement 02:53 The Cash Flow From Operations - Indirect Method 10:01 The Cash Flow From Operations - Direct Method 09:22 The Cash Flow from Operations - In Practice 07:26 The Cash Flow From Investing 03:38 Testing your Knowledge about the Financials 11 questions The Cash Flow from Investing - In Practice 03:31 Cash Flow from Financing 07:59 The Cash Flow from Financing - In Practice Preview 08:25 Short Quiz: The Cash Flow Statement 2 questions It's all in the Notes 02:26 Ratio Analysis 10 lectures • 59min Introduction to Ratio Analysis 02:40 What is Ratio Analysis? Preview 04:54 Categories of Ratios 06:00 Liquidity Ratios 05:40 Short Quiz: Liquidity Ratios 3 questions Solvency Ratios 05:05 Short Quiz: Solvency Ratios 2 questions Activity (Efficiency) Ratios 07:10 Short Quiz: Activity (Efficiency) Ratios 2 questions Profitability Ratios 09:45 Short Quiz: Profitability Ratios 2 questions Valuation Ratios- A look at the P/E 06:51 Ratio Information Sources 09:42 Long Quiz: Testing your Knowledge about Ratios 4 questions Goodbye and Thank You! 00:49 FAQ's 2 lectures • 15min What are Sole Propreitorships? 05:30 What are Partnerships? 09:26 Instructor Uday Gehani Dedicated to make complex topics easy! 4.4 Instructor Rating 815 Reviews 4,863 Students 3 Courses 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 my own business. Starting and running my own business came with a steep learning curve which thought me a lot. I use the experiences I have gained in life to build courses in several areas including Accounting, Finance, Productivity & Marketing. Show more Show less Udemy Business Teach on Udemy Get the app About us Contact us Careers Blog Help and Support Affiliate Impressum Kontakt Terms Privacy policy Cookie settings Sitemap © 2021 Udemy, Inc. window.handleCSSToggleButtonClick = function (event) { var target = event.currentTarget; var cssToggleId = target && target.dataset && target.dataset.cssToggleId; var input = cssToggleId && document.getElementById(cssToggleId); if (input) { if (input.dataset.type === 'checkbox') { input.dataset.checked = input.dataset.checked ? '' : 'checked'; } else { input.dataset.checked = input.dataset.allowToggle && input.dataset.checked ? 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  4. You will learn about common Entrepreneurial mistakes - such as not understanding the difference between Profits and Cash Flow which drain an Entrepreneurs Resources. You will learn practical strategies which can be used to REACH BUSINESS GOALS FASTER. You will learn 'Accounting Jargon' and 'Real Life Business Examples' making you a better Investor. You will have a complete 'Paradigm shift' in how you view business making you understand the world of Business better. You will learn the Basics of Bookkeeping and how to use free Accounting Software to manage Accounts You will learn about RATIO ANALYSIS & FINANCIAL RATIOS to help you get quick & insightful information about companies. Curated for the Udemy Business collection Requirements Know English. Understand Basic Math. A basic calculator would be helpful to solve some Quizzes but is not required. No other prior Accounting knowledge is needed - Just a curious mind! Description Has Accounting always sounded like a foreign language to you? Do Financial Statements add so much confusion to your life that you secretly avoid them? If you are struggling to understand 'the numbers' as they say and have answered YES to ANY of these questions - You've come to the right place. "Over 1,800 people have trusted this course to give them a good overview of the most important aspects of Accounts and Financial Statements" This course is designed to give you must needed insights into the World of Accounts where we go over the building blocks of Bookkeeping, Accounting, Financial Statements and Ratio Analysis together. There are Six Sections to this Course - The First Section goes through Accounting Lingo and is perfect for beginners to start understanding the language of Accounts . This section is meant for people who have little working knowledge of accounts. This Section will help bring you up to speed with Basic Accounting Vocabulary. After all, if you were to learn any Language you would start with the ABC's right? In the Second Section - We go through what is called the Accounting Cycle (which in plain English simply means the process Accountants follow). If you've ever wondered what Accountants really do- you'll get a sneak peek in this section. Plus, I give you a cool little trick to understand journal entries - the building blocks of accounting functionality. If Debits and Credits have ever confused you in school- you'll never be confused again. Many people also get confused by the term Bookkeeping and don't fully understand the functioning of Bookkeepers in the Business process and we also go over that together in this section. Once you know more about the Accounting Cycle you'll uncover the mystery behind the numbers of your Business. Section Three takes us away from the world of the theoretical into the world of the practical as we take the knowledge we have learned from Sections 1 & 2 and put it into practice by taking a deep dive and learning a Free Accounting Software called Wave. In Section Four - we will look at and understand the 3 Main Financial Statements - The Balance Sheet, The Income Statement and the Cash Flow Statement. If you have not understood Financial Statements in the past and why they are so important - You've been missing out! Understanding Financial Statements is a MUST for anybody who wants to make a dent in the world of Business. If you own a Business or ever plan to own one - Understanding how to read Financial Statements can take you from being a good business owner to a great one. They can take you from an Average investor to a Savvy one. Section Five teaches you Ratio Analysis. Ratio Analysis allows you to thoroughly analyze a company's performance using the companies Financial Statements. Learning how to calculate Financial Ratios can help give you quick and insightful information about companies. Last, but not least we have all the commonly asked questions as part of an ongoing library assembled and put together in Section Six. This course is made in an easy to follow, topic by topic format with plenty of quizzes to test your learning along the way. 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). See, I warned you about my zany humor, didn't I? Apart from any of the humor - more importantly - This Course WILL give you a Good rundown into the world of Accounts - something which I believe will help you and your business in many ways throughout your lifetime. With Best Regards, Uday Gehani Who this course is for: Anyone who are is not familiar with Accounting and wants to learn more in a quick and fun way. Business Owners looking for a quick refresher to Basics of Financial Accounting. Managers with limited accounting backgrounds. Budding Investors who think reading Financial Statements and Understanding Accounts is their 'weakest link.' Show more Show less Course content 6 sections • 62 lectures • 5h 9m total length Expand all sections "Accounting Speak" 12 lectures • 54min Introduction - Is this Course for you? Preview 04:21 Mind the GAAP 02:42 Not All Accounting Standards are created Equal! 01:27 Types of Accounting - Financial Accounting Preview 06:58 Managerial Accounting- Can you keep a secret? 05:07 Tax Accounting- Everyone Must Pay! 02:03 Learning the Language of Accounting Preview 01:47 The Accounting Equation & it's Components- Assets, Liabilities & Owners Equity 03:33 Revenue, Expenses, Earnings and More! 03:11 Gains and Losses 01:53 A Deep Dive into the Accounting Equation 07:11 Examples of the Accounting Equation 13:17 Short Quiz: The Accounting Equation 3 questions Accounts - Your Journey has just begun 5 questions The Accounting Cycle 10 lectures • 39min An Introduction to Section 2 Preview 01:52 The Chart of Accounts 10:49 Technology and the Chart of Accounts 00:27 The Accounting Cycle - The Journey of a Transaction Preview 01:47 Transactions and Breaking Down a Journal Entry Preview 02:59 Debits and Credits 05:04 Short Quiz: Journal Entries 4 questions The Basics of Bookkeeping 05:15 T- Accounts 04:26 Trial Balances, Adjusting Entries and Closing out the Accounting Cycle 05:42 Testing your Knowledge - The Long Quiz 10 questions Question 11 - Meet the Big Boss! 00:59 Using FREE Accounting Software to manage your Bookkeeping & Accounting Needs 6 lectures • 33min The Different Accounting Software Available in the Market 02:56 A New Announcement made by Wave 01:35 An Introduction to Wave: The Free Accounting Software 02:09 Setting Up a New Wave Account 03:40 Setting Up a Chart of Accounts in Wave 08:27 Recording Transactions in Wave 14:25 Financial Statements - The Measures of Performance 22 lectures • 1hr 50min Financial Statements and why they are necessary 01:39 Types of Financial Statements 01:09 The Income Statement - Exploring the Earnings 06:55 Disclosing Financial Statements - Private vs. Public Companies 04:52 Martians - Keeping things in the Family! 01:23 The Income Statement - in Practice 08:18 Short Quiz: The Income Statement 4 questions An Independent Review of the Income Statement 02:04 Reviewing the Income Statement 00:29 The Balance Sheet - Assets - The more the Better! 08:18 And now we meet the other half - Liabilities and Owner's Equity. 05:41 The Balance Sheet - In Practice 04:18 Short Quiz: The Balance Sheet 2 questions Cash Vs. Accrual Accounting - Uncovering Hidden Secrets of Financial Statements 08:30 Diving Deeper into Accrual Accounting! 01:01 Short Quiz: Accrual Accounting - Test your understanding! 4 questions 'Cash is King' - The Cash Flow Statement 02:53 The Cash Flow From Operations - Indirect Method 10:01 The Cash Flow From Operations - Direct Method 09:22 The Cash Flow from Operations - In Practice 07:26 The Cash Flow From Investing 03:38 Testing your Knowledge about the Financials 11 questions The Cash Flow from Investing - In Practice 03:31 Cash Flow from Financing 07:59 The Cash Flow from Financing - In Practice Preview 08:25 Short Quiz: The Cash Flow Statement 2 questions It's all in the Notes 02:26 Ratio Analysis 10 lectures • 59min Introduction to Ratio Analysis 02:40 What is Ratio Analysis? Preview 04:54 Categories of Ratios 06:00 Liquidity Ratios 05:40 Short Quiz: Liquidity Ratios 3 questions Solvency Ratios 05:05 Short Quiz: Solvency Ratios 2 questions Activity (Efficiency) Ratios 07:10 Short Quiz: Activity (Efficiency) Ratios 2 questions Profitability Ratios 09:45 Short Quiz: Profitability Ratios 2 questions Valuation Ratios- A look at the P/E 06:51 Ratio Information Sources 09:42 Long Quiz: Testing your Knowledge about Ratios 4 questions Goodbye and Thank You! 00:49 FAQ's 2 lectures • 15min What are Sole Propreitorships? 05:30 What are Partnerships? 09:26 Instructor Uday Gehani Dedicated to make complex topics easy! 4.4 Instructor Rating 815 Reviews 4,863 Students 3 Courses 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 my own business. Starting and running my own business came with a steep learning curve which thought me a lot. I use the experiences I have gained in life to build courses in several areas including Accounting, Finance, Productivity & Marketing. Show more Show less Udemy Business Teach on Udemy Get the app About us Contact us Careers Blog Help and Support Affiliate Impressum Kontakt Terms Privacy policy Cookie settings Sitemap © 2021 Udemy, Inc. window.handleCSSToggleButtonClick = function (event) { var target = event.currentTarget; var cssToggleId = target && target.dataset && target.dataset.cssToggleId; var input = cssToggleId && document.getElementById(cssToggleId); if (input) { if (input.dataset.type === 'checkbox') { input.dataset.checked = input.dataset.checked ? '' : 'checked'; } else { input.dataset.checked = input.dataset.allowToggle && input.dataset.checked ? 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  5. You will learn practical strategies which can be used to REACH BUSINESS GOALS FASTER. You will learn 'Accounting Jargon' and 'Real Life Business Examples' making you a better Investor. You will have a complete 'Paradigm shift' in how you view business making you understand the world of Business better. You will learn the Basics of Bookkeeping and how to use free Accounting Software to manage Accounts You will learn about RATIO ANALYSIS & FINANCIAL RATIOS to help you get quick & insightful information about companies. Curated for the Udemy Business collection Requirements Know English. Understand Basic Math. A basic calculator would be helpful to solve some Quizzes but is not required. No other prior Accounting knowledge is needed - Just a curious mind! Description Has Accounting always sounded like a foreign language to you? Do Financial Statements add so much confusion to your life that you secretly avoid them? If you are struggling to understand 'the numbers' as they say and have answered YES to ANY of these questions - You've come to the right place. "Over 1,800 people have trusted this course to give them a good overview of the most important aspects of Accounts and Financial Statements" This course is designed to give you must needed insights into the World of Accounts where we go over the building blocks of Bookkeeping, Accounting, Financial Statements and Ratio Analysis together. There are Six Sections to this Course - The First Section goes through Accounting Lingo and is perfect for beginners to start understanding the language of Accounts . This section is meant for people who have little working knowledge of accounts. This Section will help bring you up to speed with Basic Accounting Vocabulary. After all, if you were to learn any Language you would start with the ABC's right? In the Second Section - We go through what is called the Accounting Cycle (which in plain English simply means the process Accountants follow). If you've ever wondered what Accountants really do- you'll get a sneak peek in this section. Plus, I give you a cool little trick to understand journal entries - the building blocks of accounting functionality. If Debits and Credits have ever confused you in school- you'll never be confused again. Many people also get confused by the term Bookkeeping and don't fully understand the functioning of Bookkeepers in the Business process and we also go over that together in this section. Once you know more about the Accounting Cycle you'll uncover the mystery behind the numbers of your Business. Section Three takes us away from the world of the theoretical into the world of the practical as we take the knowledge we have learned from Sections 1 & 2 and put it into practice by taking a deep dive and learning a Free Accounting Software called Wave. In Section Four - we will look at and understand the 3 Main Financial Statements - The Balance Sheet, The Income Statement and the Cash Flow Statement. If you have not understood Financial Statements in the past and why they are so important - You've been missing out! Understanding Financial Statements is a MUST for anybody who wants to make a dent in the world of Business. If you own a Business or ever plan to own one - Understanding how to read Financial Statements can take you from being a good business owner to a great one. They can take you from an Average investor to a Savvy one. Section Five teaches you Ratio Analysis. Ratio Analysis allows you to thoroughly analyze a company's performance using the companies Financial Statements. Learning how to calculate Financial Ratios can help give you quick and insightful information about companies. Last, but not least we have all the commonly asked questions as part of an ongoing library assembled and put together in Section Six. This course is made in an easy to follow, topic by topic format with plenty of quizzes to test your learning along the way. 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). See, I warned you about my zany humor, didn't I? Apart from any of the humor - more importantly - This Course WILL give you a Good rundown into the world of Accounts - something which I believe will help you and your business in many ways throughout your lifetime. With Best Regards, Uday Gehani Who this course is for: Anyone who are is not familiar with Accounting and wants to learn more in a quick and fun way. Business Owners looking for a quick refresher to Basics of Financial Accounting. Managers with limited accounting backgrounds. Budding Investors who think reading Financial Statements and Understanding Accounts is their 'weakest link.' Show more Show less Course content 6 sections • 62 lectures • 5h 9m total length Expand all sections "Accounting Speak" 12 lectures • 54min Introduction - Is this Course for you? Preview 04:21 Mind the GAAP 02:42 Not All Accounting Standards are created Equal! 01:27 Types of Accounting - Financial Accounting Preview 06:58 Managerial Accounting- Can you keep a secret? 05:07 Tax Accounting- Everyone Must Pay! 02:03 Learning the Language of Accounting Preview 01:47 The Accounting Equation & it's Components- Assets, Liabilities & Owners Equity 03:33 Revenue, Expenses, Earnings and More! 03:11 Gains and Losses 01:53 A Deep Dive into the Accounting Equation 07:11 Examples of the Accounting Equation 13:17 Short Quiz: The Accounting Equation 3 questions Accounts - Your Journey has just begun 5 questions The Accounting Cycle 10 lectures • 39min An Introduction to Section 2 Preview 01:52 The Chart of Accounts 10:49 Technology and the Chart of Accounts 00:27 The Accounting Cycle - The Journey of a Transaction Preview 01:47 Transactions and Breaking Down a Journal Entry Preview 02:59 Debits and Credits 05:04 Short Quiz: Journal Entries 4 questions The Basics of Bookkeeping 05:15 T- Accounts 04:26 Trial Balances, Adjusting Entries and Closing out the Accounting Cycle 05:42 Testing your Knowledge - The Long Quiz 10 questions Question 11 - Meet the Big Boss! 00:59 Using FREE Accounting Software to manage your Bookkeeping & Accounting Needs 6 lectures • 33min The Different Accounting Software Available in the Market 02:56 A New Announcement made by Wave 01:35 An Introduction to Wave: The Free Accounting Software 02:09 Setting Up a New Wave Account 03:40 Setting Up a Chart of Accounts in Wave 08:27 Recording Transactions in Wave 14:25 Financial Statements - The Measures of Performance 22 lectures • 1hr 50min Financial Statements and why they are necessary 01:39 Types of Financial Statements 01:09 The Income Statement - Exploring the Earnings 06:55 Disclosing Financial Statements - Private vs. Public Companies 04:52 Martians - Keeping things in the Family! 01:23 The Income Statement - in Practice 08:18 Short Quiz: The Income Statement 4 questions An Independent Review of the Income Statement 02:04 Reviewing the Income Statement 00:29 The Balance Sheet - Assets - The more the Better! 08:18 And now we meet the other half - Liabilities and Owner's Equity. 05:41 The Balance Sheet - In Practice 04:18 Short Quiz: The Balance Sheet 2 questions Cash Vs. Accrual Accounting - Uncovering Hidden Secrets of Financial Statements 08:30 Diving Deeper into Accrual Accounting! 01:01 Short Quiz: Accrual Accounting - Test your understanding! 4 questions 'Cash is King' - The Cash Flow Statement 02:53 The Cash Flow From Operations - Indirect Method 10:01 The Cash Flow From Operations - Direct Method 09:22 The Cash Flow from Operations - In Practice 07:26 The Cash Flow From Investing 03:38 Testing your Knowledge about the Financials 11 questions The Cash Flow from Investing - In Practice 03:31 Cash Flow from Financing 07:59 The Cash Flow from Financing - In Practice Preview 08:25 Short Quiz: The Cash Flow Statement 2 questions It's all in the Notes 02:26 Ratio Analysis 10 lectures • 59min Introduction to Ratio Analysis 02:40 What is Ratio Analysis? Preview 04:54 Categories of Ratios 06:00 Liquidity Ratios 05:40 Short Quiz: Liquidity Ratios 3 questions Solvency Ratios 05:05 Short Quiz: Solvency Ratios 2 questions Activity (Efficiency) Ratios 07:10 Short Quiz: Activity (Efficiency) Ratios 2 questions Profitability Ratios 09:45 Short Quiz: Profitability Ratios 2 questions Valuation Ratios- A look at the P/E 06:51 Ratio Information Sources 09:42 Long Quiz: Testing your Knowledge about Ratios 4 questions Goodbye and Thank You! 00:49 FAQ's 2 lectures • 15min What are Sole Propreitorships? 05:30 What are Partnerships? 09:26 Instructor Uday Gehani Dedicated to make complex topics easy! 4.4 Instructor Rating 815 Reviews 4,863 Students 3 Courses 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 my own business. Starting and running my own business came with a steep learning curve which thought me a lot. I use the experiences I have gained in life to build courses in several areas including Accounting, Finance, Productivity & Marketing. Show more Show less Udemy Business Teach on Udemy Get the app About us Contact us Careers Blog Help and Support Affiliate Impressum Kontakt Terms Privacy policy Cookie settings Sitemap © 2021 Udemy, Inc. window.handleCSSToggleButtonClick = function (event) { var target = event.currentTarget; var cssToggleId = target && target.dataset && target.dataset.cssToggleId; var input = cssToggleId && document.getElementById(cssToggleId); if (input) { if (input.dataset.type === 'checkbox') { input.dataset.checked = input.dataset.checked ? '' : 'checked'; } else { input.dataset.checked = input.dataset.allowToggle && input.dataset.checked ? 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  6. You will learn 'Accounting Jargon' and 'Real Life Business Examples' making you a better Investor. You will have a complete 'Paradigm shift' in how you view business making you understand the world of Business better. You will learn the Basics of Bookkeeping and how to use free Accounting Software to manage Accounts You will learn about RATIO ANALYSIS & FINANCIAL RATIOS to help you get quick & insightful information about companies. Curated for the Udemy Business collection Requirements Know English. Understand Basic Math. A basic calculator would be helpful to solve some Quizzes but is not required. No other prior Accounting knowledge is needed - Just a curious mind! Description Has Accounting always sounded like a foreign language to you? Do Financial Statements add so much confusion to your life that you secretly avoid them? If you are struggling to understand 'the numbers' as they say and have answered YES to ANY of these questions - You've come to the right place. "Over 1,800 people have trusted this course to give them a good overview of the most important aspects of Accounts and Financial Statements" This course is designed to give you must needed insights into the World of Accounts where we go over the building blocks of Bookkeeping, Accounting, Financial Statements and Ratio Analysis together. There are Six Sections to this Course - The First Section goes through Accounting Lingo and is perfect for beginners to start understanding the language of Accounts . This section is meant for people who have little working knowledge of accounts. This Section will help bring you up to speed with Basic Accounting Vocabulary. After all, if you were to learn any Language you would start with the ABC's right? In the Second Section - We go through what is called the Accounting Cycle (which in plain English simply means the process Accountants follow). If you've ever wondered what Accountants really do- you'll get a sneak peek in this section. Plus, I give you a cool little trick to understand journal entries - the building blocks of accounting functionality. If Debits and Credits have ever confused you in school- you'll never be confused again. Many people also get confused by the term Bookkeeping and don't fully understand the functioning of Bookkeepers in the Business process and we also go over that together in this section. Once you know more about the Accounting Cycle you'll uncover the mystery behind the numbers of your Business. Section Three takes us away from the world of the theoretical into the world of the practical as we take the knowledge we have learned from Sections 1 & 2 and put it into practice by taking a deep dive and learning a Free Accounting Software called Wave. In Section Four - we will look at and understand the 3 Main Financial Statements - The Balance Sheet, The Income Statement and the Cash Flow Statement. If you have not understood Financial Statements in the past and why they are so important - You've been missing out! Understanding Financial Statements is a MUST for anybody who wants to make a dent in the world of Business. If you own a Business or ever plan to own one - Understanding how to read Financial Statements can take you from being a good business owner to a great one. They can take you from an Average investor to a Savvy one. Section Five teaches you Ratio Analysis. Ratio Analysis allows you to thoroughly analyze a company's performance using the companies Financial Statements. Learning how to calculate Financial Ratios can help give you quick and insightful information about companies. Last, but not least we have all the commonly asked questions as part of an ongoing library assembled and put together in Section Six. This course is made in an easy to follow, topic by topic format with plenty of quizzes to test your learning along the way. 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). See, I warned you about my zany humor, didn't I? Apart from any of the humor - more importantly - This Course WILL give you a Good rundown into the world of Accounts - something which I believe will help you and your business in many ways throughout your lifetime. With Best Regards, Uday Gehani Who this course is for: Anyone who are is not familiar with Accounting and wants to learn more in a quick and fun way. Business Owners looking for a quick refresher to Basics of Financial Accounting. Managers with limited accounting backgrounds. Budding Investors who think reading Financial Statements and Understanding Accounts is their 'weakest link.' Show more Show less Course content 6 sections • 62 lectures • 5h 9m total length Expand all sections "Accounting Speak" 12 lectures • 54min Introduction - Is this Course for you? Preview 04:21 Mind the GAAP 02:42 Not All Accounting Standards are created Equal! 01:27 Types of Accounting - Financial Accounting Preview 06:58 Managerial Accounting- Can you keep a secret? 05:07 Tax Accounting- Everyone Must Pay! 02:03 Learning the Language of Accounting Preview 01:47 The Accounting Equation & it's Components- Assets, Liabilities & Owners Equity 03:33 Revenue, Expenses, Earnings and More! 03:11 Gains and Losses 01:53 A Deep Dive into the Accounting Equation 07:11 Examples of the Accounting Equation 13:17 Short Quiz: The Accounting Equation 3 questions Accounts - Your Journey has just begun 5 questions The Accounting Cycle 10 lectures • 39min An Introduction to Section 2 Preview 01:52 The Chart of Accounts 10:49 Technology and the Chart of Accounts 00:27 The Accounting Cycle - The Journey of a Transaction Preview 01:47 Transactions and Breaking Down a Journal Entry Preview 02:59 Debits and Credits 05:04 Short Quiz: Journal Entries 4 questions The Basics of Bookkeeping 05:15 T- Accounts 04:26 Trial Balances, Adjusting Entries and Closing out the Accounting Cycle 05:42 Testing your Knowledge - The Long Quiz 10 questions Question 11 - Meet the Big Boss! 00:59 Using FREE Accounting Software to manage your Bookkeeping & Accounting Needs 6 lectures • 33min The Different Accounting Software Available in the Market 02:56 A New Announcement made by Wave 01:35 An Introduction to Wave: The Free Accounting Software 02:09 Setting Up a New Wave Account 03:40 Setting Up a Chart of Accounts in Wave 08:27 Recording Transactions in Wave 14:25 Financial Statements - The Measures of Performance 22 lectures • 1hr 50min Financial Statements and why they are necessary 01:39 Types of Financial Statements 01:09 The Income Statement - Exploring the Earnings 06:55 Disclosing Financial Statements - Private vs. Public Companies 04:52 Martians - Keeping things in the Family! 01:23 The Income Statement - in Practice 08:18 Short Quiz: The Income Statement 4 questions An Independent Review of the Income Statement 02:04 Reviewing the Income Statement 00:29 The Balance Sheet - Assets - The more the Better! 08:18 And now we meet the other half - Liabilities and Owner's Equity. 05:41 The Balance Sheet - In Practice 04:18 Short Quiz: The Balance Sheet 2 questions Cash Vs. Accrual Accounting - Uncovering Hidden Secrets of Financial Statements 08:30 Diving Deeper into Accrual Accounting! 01:01 Short Quiz: Accrual Accounting - Test your understanding! 4 questions 'Cash is King' - The Cash Flow Statement 02:53 The Cash Flow From Operations - Indirect Method 10:01 The Cash Flow From Operations - Direct Method 09:22 The Cash Flow from Operations - In Practice 07:26 The Cash Flow From Investing 03:38 Testing your Knowledge about the Financials 11 questions The Cash Flow from Investing - In Practice 03:31 Cash Flow from Financing 07:59 The Cash Flow from Financing - In Practice Preview 08:25 Short Quiz: The Cash Flow Statement 2 questions It's all in the Notes 02:26 Ratio Analysis 10 lectures • 59min Introduction to Ratio Analysis 02:40 What is Ratio Analysis? Preview 04:54 Categories of Ratios 06:00 Liquidity Ratios 05:40 Short Quiz: Liquidity Ratios 3 questions Solvency Ratios 05:05 Short Quiz: Solvency Ratios 2 questions Activity (Efficiency) Ratios 07:10 Short Quiz: Activity (Efficiency) Ratios 2 questions Profitability Ratios 09:45 Short Quiz: Profitability Ratios 2 questions Valuation Ratios- A look at the P/E 06:51 Ratio Information Sources 09:42 Long Quiz: Testing your Knowledge about Ratios 4 questions Goodbye and Thank You! 00:49 FAQ's 2 lectures • 15min What are Sole Propreitorships? 05:30 What are Partnerships? 09:26 Instructor Uday Gehani Dedicated to make complex topics easy! 4.4 Instructor Rating 815 Reviews 4,863 Students 3 Courses 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 my own business. Starting and running my own business came with a steep learning curve which thought me a lot. I use the exp