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Description
In this course, you will learn:-
- Explain the income statement and balance sheet formats.
- Define the words used in financial statements (e.g. accounts receivable, prepayments, etc.).
- Transactions on the financial statement should be recorded (e.g. invoicing, raising equity, buying inventory, etc.).
- Make a straightforward income statement and balance sheet.
- Outline the cash flow statement's format.
- What is the distinction between profit and cash?
Syllabus:-
- Introduction
- Downloadable Files
- Session Objectives
- The Three Key Financial Statements
- The Balance Sheet: Assets
- The Balance Sheet: Liabilities
- The Balance Sheet: Shareholders' Equity
- Balancing The Balance Sheet
- Recording Transactions
- Issuing Shares For 100 in Cash
- Taking Out a Four Year Bank Loan
- Buying a Property For 80
- Buying Inventory For 60
- Selling All Inventory For 90
- Paying Salaries of 20
- Paying Interest of 3
- Current Assets Quiz
- Defining Accounts Receivable and Payable
- Buying and Selling on Credit
- Valdero Inc. Exercise
- Balance Sheet Quiz
- Session Objectives
- Role of the Income Statement
- Income Statement: Gross Profit
- Income Statement: Operating Income
- Income Statement: Net Income
- Creating a Full Income Statement
- Recording Income and Expenses
- Prepayments
- Recording Expenses Part 2
- Accrued Expenses
- Finance Term Quiz
- Luton Inc. Exercise
- Depreciation
- The Impact of Depreciation
- Jenga Inc. Exercise
- Quiz
- Session Objectives
- Downloadable Files
- Three Key Financial Statements Review
- The Role of Cash Flow Statement
- The Cash Flow Statement: Operating Cash Flows
- The Cash Flow Statement: Investing Cash Flows
- The Cash Flow Statement: Financing Cash Flows
- Profit vs. Cash Flow
- The Idea of Matching Over Time
- Matching Over Time Solution
- PP&E Depreciation Recap
- Depreciation and the Three Financial Statements
- Different Types of Depreciation Methods
- Calculating Operating Cash Flows - Direct Method
- The Indirect Method
- Operating Cash Flows - Indirect Method
- Operating Cash Flows Example Period 1
- Period 1 Solution
- Operating Cash Flows Example Period 2
- Period 2 Solution
- Operating Cash Flows Example Period 3
- Period 3 Solution
- Operating Cash Flows Quiz
- Johannes Operating Cash Flow Exercise
- Deriving the Complete Cash Flow Statement
- Stage One - Compare the Balance Sheets
- Comparing Assets and Liabilities
- Stage Two - Classifying the Cash Flows
- Classifying Working Capital Cash Flows
- Dealing With Property, Plant and Equipment (PP&E)
- Calculating Net Capital Expenditures (Capex)
- Net Capital Expenditure Quiz
- Dealing With Retained Earnings
- Preparing a Cash Flow Statement Exercise