Fundamentals of Accounting for Small Business and Startups

Equip Business Owners and Startup Founders to analyse and understand impact of their business decisions on profitability.
What you'll learn
Fundamentals of Accounting
First Hand understanding to Financial Statements
Accounting Policies and their affect on accounting methods
Meaning & Basic understanding of All financial statements
Requirements
Time & Desire to Learn
Description
All Startup founders and Business owners, executives must get basic understanding of finance and accounting to enable themselves to be able to read financial statements, analyse 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 few things just to make my audience understand and absorb concepts.
This Class is a 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.
Who this course is for:
Startup Founder and Co-founder
Small Business Owners
Other Business Executives with no formal background in accounting
MBA students

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