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This course provides a comprehensive introduction to accounting for small businesses, covering the accounting cycle, financial statements, and accounting software. Students learn to record, classify, and summarise financial transactions, interpret financial statements, and evaluate business health.

Course Price:
Original price was: £194.00.Current price is: £19.99.
Course Duration:
2 hours, 22 minutes
Total Lectures:
14
Total Students:
115
Average Rating:
4.5

Overview

This course is designed to provide students with a comprehensive introduction to accounting for small businesses. The course will cover the fundamentals of accounting, including the accounting cycle, financial statements, and the use of accounting software. Students will learn about the various accounting policies and procedures that affect accounting profit and the importance of adhering to accounting standards. The course will also explore the impact of different accounting policies on financial statements, and how they can be used to make better business decisions.

Throughout the course, students will develop the skills necessary to record, classify, and summarise financial transactions using a variety of accounting tools and techniques. They will also learn how to interpret financial statements and use them to evaluate the financial health of a business.

By the end of this course, students will have a solid understanding of the fundamentals of accounting and be equipped with the knowledge to maintain accurate financial records, make informed business decisions, and assess the financial performance of a small business.

What Will You Learn?

  • The basics of accounting, including the accounting cycle, financial statements, and the use of accounting software.
  • The importance of accounting policies and procedures for small businesses, and their impact on accounting profit.
  • How to record, classify, and summarise financial transactions using different accounting tools and techniques.
  • How to interpret financial statements and use them to evaluate the financial health of a small business.
  • The impact of different accounting policies on financial statements and how they can be used to make better business decisions.
  • How to maintain accurate financial records and make informed business decisions based on financial information.
  • The ability to assess the financial performance of a small business.

Who Should Take The Course

  • Small business owners or entrepreneurs who want to manage their financial records effectively.
  • Aspiring entrepreneurs who want to start their own business and need to understand the basics of accounting.
  • Students who are interested in pursuing a career in accounting or finance and want to gain a foundational understanding of accounting for small businesses.
  • Professionals who are in a non-financial role, but want to improve their financial literacy and gain a better understanding of how small businesses manage their finances.

Requirements

  • Basic computer skills: You should have basic computer skills, including the ability to use a web browser, email, and word processing software.
  • Access to a computer and the internet: You will need access to a computer or laptop and a reliable internet connection to access the course materials and complete assignments.
  • Basic math skills: You should have a basic understanding of mathematical concepts such as addition, subtraction, multiplication, and division.

Course Curriculum

    • What is Financial Accounting 00:12:00
    • Double Entry & Accounting Rules 00:09:00
    • Accounting Process and Introduction to Financial Statements 00:13:00
    • What is Accounting Equation and How Financial Statements are Linked 00:20:00
    • Define Chart of Accounts and Classify the accounts 00:07:00
    • External and Internal Transactions with companies 00:12:00
    • Sample Transactions in Accounting – Excercise done together 00:06:00
    • Key Accounting Policies 00:06:00
    • Depreciation Policies 00:11:00
    • Controlling Aspects of Fixed Assets of Business 00:12:00
    • Inventory Accounting & Controls 00:10:00
    • Revenue Accounting Policy and Segmentation 00:08:00
    • Expenses Accounting and Working Capital Concepts 00:11:00
    • Order Certificate 00:05:00

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