All Startup founders and business owners, executives must get a basic understanding of finance and accounting to enable themselves to be able to read financial statements, analyze 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.

This Class is the 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
   • Inventory
   • Fixed Assets
   • Capital vs operating expenses.
   • Revenue Recognition
   • Expenses Accounting
6. Accounting Control Practices
   • Receivable from customers
   • Advance / pre payments
   • Accruals and Provisions
   • Fixed Assets
   • Supplier Payments
7. Working Capital
8. Analysis Steps and Methods

Why choose Edplx?

• Internationally recognised accredited qualification
• Access to our free career advisors
• Approved UK Learning Centre
• 1 year accessibility to the course
• Attain PDF or hardcopy certificate to show employers
• Study at your own pace anywhere
• Employer has access to certificate validation
• Tutor Support available Monday-Friday
• Invitation to job fairs

Course Curriculum

This Course will cover some of the following topics:-

SECTION-1 ACCOUNTING FUNDAMENTALS

• What is Financial Accounting 
• Accounting Double Entry System and Fundamental Accounting Rules 
• Financial Accounting Process and Financial Statements Generates 
• Basic Accounting Equation and Four Financial Statements 
• Define Chart of Accounts and Classify the Accounts 
• External and Internal Transactions with Companies 
• Short Exercise to Confirm What We Learned in This Section 

SECTION-2. ACCOUNTING POLICIES

• What are Major Accounting Policies Need to Be Decided by Companies 
• Depreciation Policies 
• Operational Fixed Asset Controls 
• Inventory Accounting and Controls 
• Revenue Accounting and Controls 
• Expenses Accounting and Working Capital 

Who is this Course for

This course is suitable for

• Startup Founder and Co-founder
• Small Business Owners
• Other Business Executives with no formal background in accounting
• MBA students

Requirement

This course is open to all with no formal entry requirements.