Exam 1 Review - Managerial Accounting What is the course about? I designed this Exam 1 Review for Managerial Accounting Students. I teach students Accounting the Easy way. Through engaging lectures, I use fun examples and cool graphics. And then we'll practice real test questions. I'll show you how test writers make the exam so you can reach the answer faster! Ho w is the Review structured? -Video Lectures -We'll cover chapters 1-4. Cost Basics, Job Costing, Process Costing, and CVP Analysis. -Videos where I show you how to solve Real Test Questions -You can freely navigate through each video -Additional Practice Questions at the End of Each Section to Download and Work on your Own Why take this course? You want to Pass Exam 1 You need a guide through chapters 1-4 Learn Test Strategy to get the Answer Faster

Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business. whereas  accounting or accountancy is the measurement, processing, and communication of financial information about economic entities such as businesses and corporations.So to record and measure general-purpose financial statements, several guidelines that are understood by both the accountants who prepare them and the users of such reports should be followed. So we have designed this best selling course which will give a broad idea on various fundamentals of accounting (Accounting Basics) that will make your accounting base stronger. This course is designed in a very easy to understand and logical format. Requirements No prior experiences is necessary. We believe that anyone can learn accounting with a proper guidance! -What you will learn? 1. Basic of accounting. 2. Introduction to bookkeeping and accounting. 3. Fundamentals of Accounting. 4. 14 important principles and conventions of accounting. 5. Common terms used in bookkeeping and accounting. 6. Learn to classify different  accounts. 7. Three golden rules of accounting. 8. What is debit and credit? These topics have widespread use in practical accountancy. This course includes 15 video sessions & 5 PDF documents which will help you to get more knowledge about this topic. -Who can take this course? Interested in studying bookkeeping or accounting. This course can be helpful for student, teacher, professional or businessman. This course can be useful for CA, CPT and some exam preparation. We believe that anyone can learn accounting with a proper guidance! -Benefits of taking this Course: This course will make your fundamentals stronger with the help of: Explanatory videos ensures complete concept understanding. Downloadable resources helps in applying your knowledge to solve various problems. Quiz video helps in testing your knowledge. In short it is an interesting course fulfilling all the student's needs. So hurry up and enroll now!! Use Coupon Code: SALE30

Course Introduction: Knowledge of management accounting helps in designing the most appropriate internal financial information systems. The Management Accounting course explains how you can analyse financial statements to make the right decisions in the day-to-day activities in an organisation, which in turn will help add value to the organisation. Why Learn Management Accounting? With the help of financial data, managers make decisions regarding day-to-day activities in the organisation. Management accounting helps in taking the right decisions. It is concerned with providing information to managers, that is, people in an organisation who direct and control its operation. Managerial accounting is manager-oriented and provides the essential data with which the organisations are actually run. Management accounting is much broader than financial accounting because it includes aspects of managerial economics, industrial engineering, and management science. However, management accounting and financial accounting are part of the total accounting information system. The content of management accounting system is driven by the needs of the financial accounting system. A firm’s profitability is of interest to investors but managers need to know the profitability of individual products. The accounting system should be designed to provide total profits and profits for individual products. Hence, accounting system should be able to supply different information for different purposes. Join us on this exciting journey as we learn about Management Accounting and how to apply it in organisations. Learning Plan You are expected to spend the following effort in completing this course: Activity Time Spent (hrs.) Read Learner Handbook 1 Watch videos for all modules 20 Self-Assessment Exercises 5 Total 26 What Next? This course provided you an overview of the field of Management Accounting. To gain further competency as a Management Accounting professional you would need to gain an understanding of one or more of the following areas: Finance for Non-Finance Basic Corporate Finance Equity Research Financial Risk Management Private Equity Management Accounting is a powerful and important field for all organisations. To remain employable and competitive, you need to be frequently taking courses and learning about all the different aspects of Management Accounting and how they are applied across companies.

Book Keeping involves recording of financial transactions in various accounting books whereas the accounting process involves recording, interpreting, classifying, analyzing, reporting and summarizing financial data. Recording financial transactions is the first part of  the foundation of the accounting process. Here we will understand the fundamentals and the entire process of accounting for a sole proprietor. also, there are various types of business organisations who wants to get there accounting done here is the detail breakdown of such organisations. The one who has two or more individuals engaged in an enterprise as a co-owners the organization is known as partnership firm It is important then to have a proper guidelines for partners, An agreement to know the terms and understand how the accounting is done to be able to make sound business decisions And the organisations like non profit concerns Even though a they doesn’t aim for profit they do require to maintain accounting so that they can track how much funds they’ve received and from what sources and where is the money being utilized,etc. Plus Small scale businessmen or professionals might use a simpler way to keep their accounting records which we will understand in the single entry system of accounts. We are also going to learn accounting of joint stock companies And bills of exchange this is a negotiable instrument used in the credit system of accounting. This Accountancy for beginner course consists of simple and logical explanatory videos on each of the  mentioned topics along with some problem solving sessions and fun quiz videos that will test your knowledge on the subject. It also includes assessment tools in PDF format which contain a summary on the topic along with practice questions and solutions. -What you will learn? I. All the basic fundamentals of accounting II. Detailed process of preparing financial statement of a sole proprietor. III. Entire Partnership Accounting IV. Accounting For Non Profit Organisations V. Accounting For Incomplete Records (Single Entry System) VI. Accounting of Negotiable Instrument - Bill of Exchange VII. Accounting of Companies This course consists of simple and logical explanatory videos on each of the mentioned topics along with some problem solving sessions and fun quiz videos that will test your knowledge on the subject. It also includes assessment tools in PDF format which contain a summary on the topic along with practice questions and solutions. -Who can take this course? This course is beneficial to you weather you are a student, professional or businessman who wants to have proper knowledge of all the fundamentals of accounting. also this course is suitable for both boards of students. (CBSE and Maharashtra state board students). -Benefits of taking this Course: On completion of the course, your foundation on accounting will be stronger. You will understand the fundamentals of accounting and the entire process in which a sole trader would maintain his accounting records also one will understand the accounting of different types of business organisations with the help of: Explanatory videos ensures complete concept understanding. Problem solving sessions & Downloadable resources helps in applying your knowledge to solve various problems. Quiz video helps in testing your knowledge. This course will prove beneficial in learning any other higher level accounting chapter as well because the basics always remain the same. In short it is an interesting course fulfilling all the student's needs. If one wish to learn in parts then we also have this course in two parts, Book-keeping & Accountancy Level- I Book-keeping & Accountancy Level - II So hurry up and enroll now for Accounting for Beginner! Use Coupon Code: SALE30

Do you want to learn the basics of accounting incredibly quickly? Like in 30 minutes. Do you want to learn complex accounting concepts without getting bored? Do you want an interactive and fun course? This course is for you! Accounting is indeed one of the most important skill in today's world whether you are a student, employee or an entrepreneur you have to good with number & money and that's exactly what you're going to learn in this accounting course. In this course, You will learn the fundamental concepts of accounting with the help animations so that during the course you won't get bored. So what are you waiting for? Enroll Now.

Master budget construction, including demonstration problems, excel worksheets, practice test questions, discussion questions, and a comprehensive problem we work together using Excel in a step by step format. The course will provide a managerial accounting overview, comparing managerial accounting and financial accounting, and providing essential managerial accounting tools we will need in the budgeting process. We will discuss methods of budget timing and the pros and cons of each technique. The course will discuss the characteristics and functions of the budget committee. We will discuss the components of a master budget and break it out into its parts, listing the order that those components need to be completed in. The course will discuss how to put together a sales budget and will also walk through a step by step process using preformatted Excel worksheets for learners to follow along with. We will discuss how to put together a production budget and will also walk through a step by step process using preformatted Excel worksheets for learners to follow along with. The course will discuss how to put together a materials budget and will also walk through a step by step process using preformatted Excel worksheets for learners to follow along with. We will discuss how to put together a direct labor budget and will also walk through a step by step process using preformatted Excel worksheets for learners to follow along with. The course will discuss how to put together a factory overhead budget and will also walk through a step by step process using preformatted Excel worksheets for learners to follow along with. We will discuss how to put together a general and administrative budget and will also walk through a step by step process using preformatted Excel worksheets for learners to follow along with. The course will discuss how to put together a cash budget and will also walk through a step by step process using preformatted Excel worksheets for learners to follow along with. We will discuss how to put together a budgeted cost of goods manufactured statement and will also walk through a step by step process using preformatted Excel worksheets for learners to follow along with. The course will discuss how to put together a budgeted cost of goods sold statement and will also walk through a step by step process using preformatted Excel worksheets for learners to follow along with. We will discuss how to put together a budgeted income statement and will also walk through a step by step process using preformatted Excel worksheets for learners to follow along with. The course will discuss how to put together a budgeted balance sheet and will also walk through a step by step process using preformatted Excel worksheets for learners to follow along with. We will also go over a comprehensive problem in Excel so we can see all the components of the master budget and work through them in one place.

This course will use free accounting software which is an excellent tool to practice with. This course will jump right into bank feeds and how to use them. Many accounting software courses will spend a lot of time talking about how a full-service accounting system works. We do recommend spending time learning the full accounting process, and we do have courses that do just that. However, many small businesses want to get right down to data input as fast as possible, and others already have a good understanding of the system and want to focus specifically on bank feeds. We will focus on bank feeds in this course. For example, some small businesses may be perfectly happy using a cash basis system and will, therefore, not need some of the functions used in a full accounting cycle. Businesses that use a cash basis model can structure their data input to be much more heavily dependent on the bank and bank feed data. We will discuss types of businesses that fit well into a cash basis model as we work through the practice problems. We will also discuss some problem areas many businesses have and how to set up a system that works for them. This course will work through a practice problem and will provide test data that learners can use in their system to follow along if they choose.

WAVE Accounting / Bookkeeping software - Computerised Accounts course is about how to use WAVE based on the most popular functions which you as a WAVE operator needs to know how to use, in order to be proficient in using the software. The learning is structured in a practical way. You are given a practical scenario assignment. There are various tasks to complete. You are given the task to do and have a go at, and then the video answer is available. It is suggested that you: Read the task Watch the video Have a go at it yourself on your own system Rewatch the video (if necessary) - to reinforce the learning You'll learn how to set up a Tally accounting system from scratch, how to enter opening balances, post customer invoices and credit notes, post supplier bills and credit notes, pay suppliers, petty cash, prepare a VAT return, reconcile the bank, post journals, run reports amongst over things. This is a useful course if: You are thinking of working with the software, You are going for jobs which have a requirement for you to be able to use this software You want to put this skill on your CV, or You are a bookkeeper or accountant and will be using this for clients or even You run your own business and want to know how to use WAVE for yourself. You will need to have access to WAVE. You can sign up to the WAVE site to get a free trial. We give you the link in lecture one and show you how to do this. The instructor is usually online to answer student queries for 2 hours each day. The course materials includes the handout of the assignment task. Successful completion of the course is the equivalent to being at the level of having a level 2 certificate in computerised accounts. The course will take about 3-4 hours to complete.

What is Accounts Payable (AP) Workflow? How is it different from a Document Management system? The differences between the two are explored in this course. Discover the different functionality AP Workflow systems can supply including Purchase Order validation, confirmation of account coding and compliance to company specific approval and other business rules. In this accounts payable training you will learn what due diligence should be performed by the company to identify, and then record, requirements for an Accounts Payable Workflow system. Discover who should be on the steering committee and project teams. And since an Accounts Payable Workflow tool is not just about Accounts Payable, this discussion will include the role of IT throughout the implementation process. We will also identify the groups of employees who will need access to the system and others who may benefit by being set up as users. Change management is key in implementing any new system. Discover the steps needed to communicate such an implementation to vendors and to any employees who are involved in the Procure to Pay Work Stream, receive invoices directly from vendors today, or have invoice approval responsibilities.

This accounts receivable training covers the proper accounting for receivables and related issues surrounding uncollectible accounts/bad debts. A brief discussion of the direct write-off method will explain why the allowance method is the better approach. The subtle differences between the Balance Sheet approach vs. the Income Statement approach are presented. Additionally, simple interest on notes receivable are calculated and detailed examples are provided.