Double Entry Bookkeeping
About This Course
This course will teach how an investor, or someone else, can interpret, comprehend, and analyze financial statements and ratio analysis to assess a company’s financial health. This will aid in finding good stocks for long-term investing while also warning investors to stay away from underperforming businesses or to exclude volatile securities from their portfolios. To clarify the contents, real-life financial statements from a working business were used instead of fictional scenarios. This course would be very beneficial to those who want to participate in the stock market as well as those who are still doing so but have little experience. This course would assist students in banking, commerce, and those studying or planning to study management courses in any subject in building a solid foundation for their future careers. This course would be beneficial to students from other fields such as science, engineering, and the humanities who are involved in balancing their personal investments. This course would include the fundamentals of the four most common financial statements used by businesses: the balance sheet, income statement, cash flow statement, and retained earnings statement. Many practitioners are apprehensive about reading and interpreting financial statements. Really, someone who will decipher a nutrition label can learn to read financial statements. Rather than focusing on the computations and strategies of any of the claims, we’ll go through the key principles of how they communicate and connect to one another, giving management the crucial details they need to handle their organization’s financial stability. It’s important for practitioners to understand that no one comment can tell the whole story, but when integrated, they can be an effective management tool.
Skills You Will Master:
- Expenses and Income – In this topic we will discuss about expenses and income where your business’s revenue is the money it brings in, and the losses are the money it loses. Your sales, or all of the money coming into your company, minus all of your expenditures, is your net profits.
- Concept of Going Concern – In this section we will see the concept of a going concern is an implicit presumption in the preparing of financial statements; as a result, it is concluded that the company has neither the purpose nor the need to liquidate or scale down its activities materially.
- Double Entry Bookkeeping – In this topic we will that any financial activity has an effect on a company’s assets, according to double-entry bookkeeping.
- Accounts & Financial Statements – In this section we will learn financial statements are published accounts that describe a company’s operations and financial performance. Government bodies, accountants, and companies also inspect financial records.
- Vertical and Horizontal Analysis – In this section we will see vertical analysis is also known as financial statement analysis with common size and horizontal analysis is also referred to as trend analysis.
- Profitability of a Company – In this topic we will learn profitability refers to a company’s ability to produce income that exceeds its costs by using its capital.
- Liquidity & Solvency – Here we will see the term solvency refers to a company’s ability to satisfy long-term financial obligations. The willingness of a company to pay short-term debts is referred to as liquidity.
Learning Objectives
Material Includes
- 19 on demand videos
- Downloadable exercise files
- Lifetime Access
- Certificate of Completion
Requirements
- No prior accounting knowledge is necessary to learn this course.
- Basic fundamentals of Mathematics will help.
Target Audience
- Finance students, managers, accountants or anyone who wants to upgrade their skills in the area of accounting.
- Learn this course if you want to understand the principles and concept of double-entry bookkeeping.