Accounting Fundamentals

4.92 (12 Ratings)

Enrolled:54

Level

Beginner
Duration

6 hours 27 minutes
Last Updated

January 29, 2025
Enrollment validity

Enrollment validity: 365 days
Certificate

Certificate of completion

About Course

Financial modeling, project finance modeling, and business valuation would almost require the precision of a surgeon, the creativity of an artist, and the patience of a saint. It's a dance between financial statements, cash flows, financial projections, and numerous other analyses. Without accounting knowledge, it would be like trying to juggle flaming torches while riding a unicycle on a tightrope. This course provides a solid background in accounting fundamentals for financial modeling, business valuation, and project finance. It is designed for individuals with little to no prior knowledge of accounting. Learners will gain a solid understanding of the accounting principles, practices, and concepts essential for building a strong foundation in finance. By the end of the course, participants will be equipped with the knowledge and skills necessary to comprehend and value a business, as well as model income statements, balance sheets, cash flows, and more. This will enable them to apply these skills effectively in project finance and other related fields.

Accounting Overview
Cost Accounting
Budgeting, Variance, & Forecasting
The Financial Statements
Income Statement
Statement of Financial Position
Statement of Cashflow
Margins that Matters
Taxation
Long-Term Debt
Equity & Its Components
Accounting Ratio

Course Curriculum

Introduction

Why Business Need Accounting

01:06
Types of Accounting

02:46
DOWNLOAD COURSE MATERIAL !
Introduction

02:06
Course Outline

01:55
What is Accounting

02:05
End of Module Assessments

Cost Accounting

Introduction to Cost Accounting

01:28
Types of Cost

02:06
Cost Behaviour

01:55
Direct and Indirect Cost

00:38
Product Costing

00:54
Job and Process Costing

00:51
Break-even Analysis

01:13
Components of Break-even Analysis

01:12
Selling Price Per Unit

00:41
Calculation of Break-even Point

02:41
End of Module Assessments

Budgeting, Variance & Forecasting

The Financial Statement

The Income Statement

Introduction

01:14
Classification of Income Statement Items

00:59
Revenue and Expenses

01:23
Cost of Sales

02:24
Selling, General and Administrative Expenses

01:37
Depreciation

02:05
Depreciation – Example

01:51
Amortization

01:37
Amortization – Example

00:38
Gains and Losses

00:41
Earnings Before Interest and Taxes

01:48
Earnings Before Interest, Taxes, Depreciation and Amortization

01:15
Other Non-Operating Income

02:04
Other Non-Operating Expenses

04:01
Operating Expenses (OPEX)

01:12
Typical Income Statement

01:12
End of Module Assessments

Taxation

Margins that Matters

The Balance Sheet

Introduction

01:00
Classification of Balance Sheet Items I

01:28
Classification of Balance Sheet Items II

00:45
Assets

01:24
Cash

01:15
Inventory

00:50
Liabilities

01:06
Short-term Loans

02:12
Equity

00:52
Accounting Equation

00:48
Accounting Equation – Example

01:35
CAPEX

02:30
CAPEX Interaction with the Financial Statements

01:27
Working Capital – Example

00:41
Working Capital – Example

01:57
Account Receivables

00:46
Account Payables

00:36
Typical Balance Sheet

04:24
End of Module Assessments

Long-term Debt

Equity & Its Component

The Cashflow Statement

Project – Financial Statement Basics
Please retrieve the accompanying file named "Financial Statement Basics [Blank].xlxs" and proceed to fulfill the tasks outlined within the prompts and objectives provided in each lesson of this module. Upon successfully accomplishing each task, kindly upload the finalized file showcasing your completed work.

Introduction

01:15
Worksheet Walkthrough

02:11
Business Ideation

00:14
Owner’s Equity

02:05
Purchase of Fixed Assets

01:13
Raw Materials

02:19
Depreciation and Other Direct Inputs

01:36
Direct Input

03:56
Cost of Goods Sold

01:13
Revenue and Credit

02:41
Receipts from Debtors

01:23
Paying off Liabilities

01:43
Transaction Relating to Business Closure

01:35
Loss from Business Closure

01:09
Closing the Business – Disposal of Fixed Asset

02:06
Payment of Dividend, Return of Capital, and Closure

03:25
Wrap Up

00:21
Submit Completed Worksheet

Accounting Ratios

Introduction

00:58
Meaning of Accounting Ratios

00:59
Traditional Classification of Accounting Ratios

02:13
Profitability Ratios

01:54
Profitability Ratios – Example

06:17
Solvency Ratios

01:26
Solvency Ratios – Example

05:46
Liquidity Ratios

03:06
Liquidity Ratios – Example

05:21
Efficiency Ratios

01:29
Efficiency Ratios – Example

08:19
Dupont Analysis

01:45
Dupont Analysis – Example

01:52
End of Module Assessments

Accounting Fundamentals

About Course

What will I learn?

Course Curriculum

Introduction

Why Business Need Accounting

Types of Accounting

DOWNLOAD COURSE MATERIAL !

Introduction

Course Outline

What is Accounting

End of Module Assessments

Cost Accounting

Introduction to Cost Accounting

Types of Cost

Cost Behaviour

Direct and Indirect Cost

Product Costing

Job and Process Costing

Break-even Analysis

Components of Break-even Analysis

Selling Price Per Unit

Calculation of Break-even Point

End of Module Assessments

Budgeting, Variance & Forecasting

Introduction

Steps in Budgeting

Variance Analysis

Variance Analysis – Example

Importance of Variance Analysis

Forecasting

Step in Forecasting

Differences Between Budgeting & Forecasting

End of Module Assessments

The Financial Statement

The 3-Main Financial Statement

Relationship Between Financial Statements

The Annual Report

Relaibility of the Financial Statement

Users of the Financial Statement

End of Module Assessments

The Income Statement

Introduction

Classification of Income Statement Items

Revenue and Expenses

Cost of Sales

Selling, General and Administrative Expenses

Depreciation

Depreciation – Example

Amortization

Amortization – Example

Gains and Losses

Earnings Before Interest and Taxes

Earnings Before Interest, Taxes, Depreciation and Amortization

Other Non-Operating Income

Other Non-Operating Expenses

Operating Expenses (OPEX)

Typical Income Statement

End of Module Assessments

Taxation

Meaning of Taxation

Tax Rate

Temporary Difference in Taxation

Deferred Tax

Tax Expense

Deferred Tax – Example

Deferred Tax – Importance

End of Module Assessments

Margins that Matters

Gross Profit Margin

Net Profit Margin

Shareholders and the Link with Net Margin

End of Module Assessments

The Balance Sheet

Introduction

Classification of Balance Sheet Items I

Classification of Balance Sheet Items II

Assets

Cash

Inventory