Practical Accounting – Beginners, Founders & Business Owners

All Startup founders and business owners, executives must get a basic understanding of finance and accounting to enable themselves to be able to read financial statements, analyze results and the impact of their business decisions.

This course was recorded during a live class with startup founders who do not have any formal background in accounting and finance. Course contents, speed, and explanations are designed keeping in mind those users, hence other users may find it slow and sometimes repetitive. I repeated a few things just to make my audience understand and absorb concepts.

This Class is the first day of five-day series topics discussion in the course includes

Understanding the fundamentals of Accounting & financial statements and how to draw them.

1. Fundamentals of accounting practices.

2. Types of Accounts and Financial Statements

3. Accounting Entries

4. Relationship between Profit & Loss / Balance Sheet and Cash Flow

5. Key Accounting Policies

a. Inventory

b. Fixed Assets

c. Capital vs operating expenses.

d. Revenue Recognition

e. Expenses Accounting

6. Accounting Control Practices

a. Receivable from customers

b. Advance / pre payments

c. Accruals and Provisions

d. Fixed Assets

e. Supplier Payments

7. Working Capital

8. Analysis Steps and Methods

Please let me know if you feel any topic is missed.