Financial Statement Fundamentals for Small Biz Investors

Financial Statement Fundamentals for Small Biz & Investors, available at $39.99, has an average rating of 4.3, with 61 lectures, 7 quizzes, based on 10 reviews, and has 814 subscribers.

You will learn about Use the financial statements to tell the story of a business Understand fundamental accounting theories that lie underneath the financial statements Assess the performance of a business through the Income Statement via revenue, expenses & profit Know the position or current financial state of a business by reading the Balance Sheet Analyse where business cash came from and where it went (and for what purpose) from navigating the Cash Flow Statement This course is ideal for individuals who are This course is an introductory fundamentals course meant for those with little to no accounting or financial education or training or Small business owners who want to make more use of, and get insights from, accounting information provided by their accountant or financial system should take this course or Stock market investors who would like to analyse investments in more depth, using the financial statements, should take this course or If you have accounting education or financial career experience then this course may NOT be best for you as it is a beginners course (unless you want to undergo revision or follow an intellectual curiosity) It is particularly useful for This course is an introductory fundamentals course meant for those with little to no accounting or financial education or training or Small business owners who want to make more use of, and get insights from, accounting information provided by their accountant or financial system should take this course or Stock market investors who would like to analyse investments in more depth, using the financial statements, should take this course or If you have accounting education or financial career experience then this course may NOT be best for you as it is a beginners course (unless you want to undergo revision or follow an intellectual curiosity).

Enroll now: Financial Statement Fundamentals for Small Biz & Investors

Summary

Title: Financial Statement Fundamentals for Small Biz & Investors

Price: $39.99

Average Rating: 4.3

Number of Lectures: 61

Number of Quizzes: 7

Number of Published Lectures: 61

Number of Published Quizzes: 7

Number of Curriculum Items: 68

Number of Published Curriculum Objects: 68

Original Price: $84.99

Quality Status: approved

Status: Live

What You Will Learn

Use the financial statements to tell the story of a business

Understand fundamental accounting theories that lie underneath the financial statements

Assess the performance of a business through the Income Statement via revenue, expenses & profit

Know the position or current financial state of a business by reading the Balance Sheet

Analyse where business cash came from and where it went (and for what purpose) from navigating the Cash Flow Statement

Who Should Attend

This course is an introductory fundamentals course meant for those with little to no accounting or financial education or training

Small business owners who want to make more use of, and get insights from, accounting information provided by their accountant or financial system should take this course

Stock market investors who would like to analyse investments in more depth, using the financial statements, should take this course

If you have accounting education or financial career experience then this course may NOT be best for you as it is a beginners course (unless you want to undergo revision or follow an intellectual curiosity)

Target Audiences

This course is an introductory fundamentals course meant for those with little to no accounting or financial education or training

Small business owners who want to make more use of, and get insights from, accounting information provided by their accountant or financial system should take this course

Stock market investors who would like to analyse investments in more depth, using the financial statements, should take this course

If you have accounting education or financial career experience then this course may NOT be best for you as it is a beginners course (unless you want to undergo revision or follow an intellectual curiosity)

Latest Course Update: 1st Nov, 2015.

Be the businessperson & investor you have always wanted to be

With Financial Statement Fundamentals you will turn your accounting ‘records’ into value-creating, actionable information allowing increased profits, better cash flow & a higher net worth.

You will be given a clearly structured walkthrough of the three main financial statements. These documents, provided by your accountant or accounting software, will no longer appear to be written in an abstract, foreign language.

After the course you will be able to read and navigate through the Income Statement, Balance Sheet and Cash Flow Statement. And with this knowledge you will have an insight into your business or investments that you have never had the opportunity to see …and from then on, will never want to go without!

Understand the Financial Statements with this Comprehensive Course and Prosper in Business & Investing from Using Financial Data

With this deep-dive course, you will:

Find lessons in core accounting theory

Learn how to read and navigate the Income Statement, Balance Sheet & Cash Flow Statement

Build on all your new knowledge and begin analysing financial statements

Have all the support you need along this new (and exciting) journey

Find free bonus resources attached to the course to assist with your learning

When you take this course, understand the financial statements and start using them, you will never view your business and investments the same again.

For thousands of years there has been some form of accounting record keeping for reporting purposes. While the process has moved from stone carvings to the digital era, financial statements for financial reporting purposes continue to offer a high-level overview of the activities of a business or organisation.

Being able to view beyond the numbers of financial statements and tell the story of a business is a unique skill held by accountants and financial analysts. It enables them to advise businesses and investors on the best course of action to improve the returns on their client’s capital. And while this course will not in itself be able to make you a professional advisor (although it can start you on that journey), it will allow you to view any business or any investment and assess its performance or position based on the three financial statements.

The course has been developed for small business owners and stock market investors who, while skilled in their own field, have no direct accounting or financial education or training.

The course is structured as follows:

It begins with an introductory section that describes the benefits and content of the complete course (including bonus resources) as well as a brief introduction to the financial statements and why they are unique and useful.

You then move on to learn some fundamental accounting theory. This is considered important (and thus included in the course) because it will help you understand what is going on ‘under the hood’ of the financial reports which you will later cover.

From here you will begin your journey through the financial statements. The income statement comes first, followed by the balance sheet and finally the cash flow statement. To keep it clear and straightforward the structure of each statement’s section is quite similar so you can see the three statements in contrast to each other.

With your new grounding in the statements, you then study how they all can and do link with each other, as well as how you can find more information and detail in the ‘notes’ to the financial statements.

To assist your learning experience as greatly as possible and achieve the learning outcomes (as opposed to just watching videos) each section includes a revision quiz and many sections include ‘Action Stations’ where you are guided on how to begin to put theory into practice.

Last but not least, you will find many free, attached bonus resources. Not only will you have example basic financial statements to study along the way, you will receive three free PDF eBooks that are normally only available for sale. These eBooks cover accounting foundations, income statement basics and balance sheet basics and provide more written detail, or at least another delivery method, in your accounting knowledge journey.

Enrol now, take the leap and never look back, in your business and investments, again!

Course Curriculum

Chapter 1: Introduction

Lecture 1: Section 1: Introduction

Lecture 2: Why Study this Course: The Skill & Benefits

Lecture 3: Nothing is as Practical as Good Theory

Lecture 4: Whats Included in this Course

Lecture 5: Stuck? Need Help?

Lecture 6: Housekeeping

Lecture 7: A First Look at the Three Main Financial Statements

Lecture 8: Financial Statements: What are they?

Lecture 9: The Universality of Financial Statements

Lecture 10: Section 1: Review

Lecture 11: Action Stations 1

Chapter 2: UPDATE: How to Access Your Financial Statements

Lecture 1: Prequel: How to Approach this Section

Lecture 2: Steps (and Demo) on How to Access Your Financial Statements Any Time

Chapter 3: Accounting Basics

Lecture 1: Section 2: Introduction

Lecture 2: The IASB, FASB and the Accounting Standards

Lecture 3: The Accounting Equation

Lecture 4: Accrual Accounting

Lecture 5: Section 2: Review

Lecture 6: Action Stations 2

Chapter 4: The Income Statement

Lecture 1: Section 3: Introduction

Lecture 2: Example Income Statements

Lecture 3: Income Statement Naming Conventions

Lecture 4: Like a Video

Lecture 5: A Performance Statement

Lecture 6: Income

Lecture 7: Expenses

Lecture 8: Net Income

Lecture 9: Income Statement Formatting Alternatives

Lecture 10: Section 3: Review

Lecture 11: Action Stations 3

Chapter 5: The Balance Sheet

Lecture 1: Section 4: Introduction

Lecture 2: Example Balance Sheets

Lecture 3: Balance Sheet Naming Conventions

Lecture 4: Like a Photo

Lecture 5: A Position Statement

Lecture 6: Assets

Lecture 7: Liabilities

Lecture 8: Equity

Lecture 9: Balance Sheet Formatting Alternatives

Lecture 10: Section 4: Review

Lecture 11: Action Stations 4

Chapter 6: Cash Flow Statement

Lecture 1: Section 5: Introduction

Lecture 2: Example Cash Flow Statements

Lecture 3: Cash Flow Statement Naming Conventions

Lecture 4: Like a Video

Lecture 5: A Performance Statement

Lecture 6: Cash Flow from Operating Activities

Lecture 7: Direct & Indirect Cash Flow Statements

Lecture 8: Cash Flows from Investing Activities

Lecture 9: Cash Flow from Financing Activities

Lecture 10: Life Cycle & Business Health Insights

Lecture 11: Section 5: Review

Lecture 12: Action Stations 5

Chapter 7: Links between the Financial Statements

Lecture 1: How All Three Statements Link Between Each Other

Chapter 8: Notes to the Financial Statements

Lecture 1: Example Notes to the Financial Statements

Lecture 2: The Notes to Financial Statements

Lecture 3: Action Stations 6

Chapter 9: Conclusion

Lecture 1: BONUS Resources (Free PDF eBooks)

Lecture 2: Congratulations & Thanks

Lecture 3: Did You Get Value from this Course? Please Consider Leaving a Review

Lecture 4: About accofina

Instructors

Axel Tracy
BBus (UTS) GradCertFinPlan (Kaplan)

Rating Distribution

1 stars: 0 votes

2 stars: 2 votes

3 stars: 1 votes

4 stars: 0 votes

5 stars: 7 votes

Frequently Asked Questions

How long do I have access to the course materials?

You can view and review the lecture materials indefinitely, like an on-demand channel.

Can I take my courses with me wherever I go?

Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don’t have an internet connection, some instructors also let their students download course lectures. That’s up to the instructor though, so make sure you get on their good side!