Free Course on Accounting Skills for Business Owners. A very short, concise, and to-the-point accounting course. Accounting can be a very dry and daunting subject for many. To be honest, some lecturers that teach this subject almost sound like they are speaking a different language Accounting-lish.
You will Learn
- Be more confident in the accounting lingo
- Have a basic understanding of the income statement
- Have a basic understanding of the balance sheet
Even the textbooks can be as dry. I vividly remember having to study this subject when I was in University and it was a struggle. Luckily for me after working for a couple of years in a Big 4 and seeing the application of Accounting. It just clicked for me.
There are a number of online courses available that teach basic accounting skills. Many focus on the principles underlying financial statements, such as net income, cash flow, and balance sheet items. Others cover more specific areas such as preparing financial statements or auditing accounts receivable. Whichever course you choose, be sure to research the material beforehand so that you are able to understand it fully and answer questions accurately.
Business owners need to be able to understand their financial statements and make decisions based on them. This includes looking at income vs expenses, analyzing trends, and making decisions about where to allocate resources.
Bookkeeping is the process of tracking the financial transactions of a company. This includes recording payments made, receipts received, and other information related to finances. It also helps businesses identify any discrepancies between their books and actual financial data.
Businesses must pay taxes on their profits each year. This includes determining what taxes are due (based on company income), filing the appropriate forms with the government, and paying the taxes owed. Business owners who understand tax laws and regulations can save money on their taxes by making wise investment choices or avoiding costly mistakes.
So I made it a mission of mine to give back and teach this subject to the new generation of accountants so I have created this course to help you in your accounting journey. So in this course, we shall cover the following :
– Why Even Study Accounting
I think this section is extremely important to cover as it gives you a context on why you should even study this subject. Only knowing the why, will enable us to gain some context on why we study this subject in the 1st place.
– The Basic Lingo – What is an Asset, Liability & Shareholder Equity
To understand a book, we need to know the words. And like accounting, to understand the statements we need to have a grasp on the accounting lingo.
– The Accounting Equation – Asset = Liability + Equity
This is the very base of accounting knowledge.
This course is Good for:
- Small Business Owners
- High School Students that want practical Accounting knowledge
- College Students that want to further understand accounting used in practice
- Someone that loves start-ups and business
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