Rating 0 out of 5 (0 ratings in Udemy)
What you'll learn- Understand the difference between the Balance Sheet, Income Statement, and Statement of Cash Flows.
- Identify different asset, liability, equity, income, and expense accounts.
- Understand the components of a loan and how to create a loan amortization schedule.
- Review different ratio groups and understand their use and significance.
DescriptionThe goal of this module is to understand the financial statements a business should …
Rating 0 out of 5 (0 ratings in Udemy)
What you'll learn- Understand the difference between the Balance Sheet, Income Statement, and Statement of Cash Flows.
- Identify different asset, liability, equity, income, and expense accounts.
- Understand the components of a loan and how to create a loan amortization schedule.
- Review different ratio groups and understand their use and significance.
DescriptionThe goal of this module is to understand the financial statements a business should prepare on a periodic basis. We will review all three financial statements and breakdown the components that make them so important in business. Towards the end of the course, I will explain ratio groups and how to utilize under different scenarios. We will discuss key terms and concepts necessary to succeed not only in this course, but also your professional career. This course includes video lessons, quizzes, and carefully designed excel spreadsheets to carry out activities.
Here are the lessons we will cover throughout this course:
Income Statement Analysis
Balance Sheet Analysis Part 1
Balance Sheet Analysis Part 2: Accounts Receivable and Prepaid Assets
Quiz 1 Recap
Balance Sheet Analysis Part 3: Liability + Equity Accounts
Quiz 2 Recap
Components of a Loan and Amortization Schedule
Statement of Cash Flows Part 1
What is Ratio Analysis?
Quiz 3 Recap
Ratio Analysis Part 2 - Solvency and Efficiency Ratios
Quiz 3 Recap
After the course
Once you have completed this module, it would be beneficial to move onto "QuickBooks Online Part 1." The QuickBooks Online series helps you apply what you the learned in "Basic Accounting Concepts and Principles" and "Understanding Financial Statements and Ratio Analysis". These QuickBook courses can be taken by anyone with an accounting background to further increase their knowledge of the accounting software.
