The Introduction to Business Accounting is a fundamental course for new entrepreneurs and business owners to understand the accounting basics and financial statements. The course covers the four basic financial statements, Income Statement, Balance Sheet, Statement of Retained Earnings, and Statement of Cash Flows. These four elements are a key to evaluate any company’s growth and financial standings. In addition, this course provides the candidates with the basic tools to project profitability and break down the costs to help analyze any company’s actual worth. Understanding the basics of accounting is essential for the prospective business owners. The Introduction to Business Accounting course helps the candidates to achieve the basic knowledge and understanding of fundamental accounting principles. The course is designed for beginner-level candidates with little to no knowledge of accounting.

An employee stock ownership plan (ESOP) is a type of employee benefit plan which is mainly intended to encourage employees to acquire stocks or ownership in the company. Under these plans, the employer gives certain stocks of the company to the employee for negligible or less costs which remain in the ESOP trust fund, until the options vests and the employee exercises them or the employee leaves/retires from the company or institution. These plans are aimed at improving the performance of the company and increasing the value of the shares by involving stock holders, who are also the employees, in the working of the company. The ESOPs help in minimizing problems related to incentives. ESOPs can be an ideal business transition solution for many business owners, providing a way to preserve their legacy with employees and the community, get a fair price, retain a role in the company if they like, and get unmatched tax benefits in the process. This Course is structured in self paced learning style and it follows academic syllabus prescribed for CA intermediate.

Are You An Accounting Student? Do You Want To Learn More About Accounting Before Committing To It As A Career? Have You Heard Of The Accounting Cycle But Never Really Understood What Wa Meant? Do You Need To Fill In The Gaps With How The Entire Accounting Process Works? If You Answered "Yes" To Any Of The Above, Look No Further.  This Is The Course For You! *** Updated in January 2021 with new content! *** Enroll today and join the 100,000+ successful students I have taught as a Top Rated Udemy instructor! Three reasons to TAKE THIS COURSE right now: You get lifetime access to lectures, including all new lectures, assignments, quizzes and downloads You can ask me questions and see me respond to every single one of them thoroughly! You will are being taught by a professional with a proven track record of success! Bonus reason: Udemy has a 30 day 100% money back guarantee if for some reason you don't enjoy the course! Recent Review: Ralph Z. says: "Great course. Really everything you need to know about the accounting cycle in one easy to understand course.  Instructor has great delivery, is well versed in the topic, and I'm very impressed.  I learned the entire accounting cycle with ease, just as the title says.  highly recommended to anyone and everyone!" Why You Should Take This Course: Accounting starts with learning the Accounting Cycle.  Learn the flow from transaction to data entry to financial statement presentation as we follow how several transactions work their way through the Accounting Cycle in this Accounting 101 course! Become an accounting pro and further your knowledge of the accounting cycle today! This course is custom designed by me, Chris Benjamin, a 20+ year accounting & finance professional.  With both a BA and MBA degree in accounting, having worked in private and public accounting and with over 100 companies, I will guide you expertly through the accounting cycle in a clear and simple manner. Go step by step through the accounting cycle in this accounting 101 course Provide examples of possible transactions, debits, credits, journal entries and more Summarize the importance of following accounting rules and conventions Visually examine the accounting cycle Discuss the timing of the accounting cycle And Much More!!! At any point if you have a question, please feel free to ask through the course forum, I'd be happy to answer any and all questions. ***CLICK "BUY NOW" AND LEARN THE ENTIRE ACCOUNTING CYCLE EASILY! *** About The Instructor Chris Benjamin, MBA & CFO is a seasoned professional with over 25 years experience in accounting, finance, financial reporting, and small business, and teaching accounting 101.  Having spent the first 10 years of my career in corporate settings with both large and small companies, I learned a lot about the accounting process, managing accounting departments, financial reporting, external reporting to board of directors and the Securities and Exchange Commission, and working with external auditors. The following 10+ years I decided to go into CFO Consulting, working with growing companies and bringing CFO level experience to companies.  I help implement proper best business practices in accounting and finance, consult on implementation of accounting systems, implementing accounting procedures, while also still fulfilling the CFO roll for many of my clients which includes financial reporting, auditing, working with investors, financial analysis and much more. Thank you for signing up for this course on Udemy. I look forward to being your instructor for this course and many more! Chris Benjamin, Instructor, CFO & MBA

Internal Controls (IC) are in place for a reason. They help maintain the control environment and establish efficient and effective processes. They also serve as a mitigation technique for identifying when processes have changed and when procedures need to be adjusted. In today’s business world, all personnel must understand the concept of internal control, how they should be utilized and their benefits. The purpose and value of internal controls are often misunderstood and misapplied by management. Internal controls should be viewed as a value-oriented activity that assists the organization in the effective execution of its objectives. Properly designed and executed controls are the key to ensuring this view. This course explores the types of ICs, how they can be properly utilized and the cost benefit considerations for implementation. Internal control is a process designed to provide reasonable assurance regarding the achievement of objectives in the following areas: Effectiveness and efficiency of operations Reliability of financial reporting Compliance with applicable laws and regulations Safeguarding assets If you would like Continuing Education Credit (e.g. CPE, CE, CPD, etc.) for this course, it is available if you take this course on the Illumeo dot com platform under course title: Identifying and Implementing the Proper Balance of Internal Controls . Illumeo is certified to provide CPE in over two dozen different professional certifications covering finance, accounting, treasury, internal audit, HR, and more. However, in order to receive CPE credit the courses must be taken on an ‘approved-by-the-governing-body’ CPE platform, and for over two dozen corporate professional certifications, that is the Illumeo platform. Go to Illumeo dot com to learn more.

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.

Accounting is important in our day to day life. When small businesses can’t afford accounting software, they keep their daily business record on excel. This course has developed a simple method where business can have all their data on excel without using any complicated excel workbooks. Simple Steps Learning core principle is to develop courses with simple and straightforward approach with easy understanding. This course would explain to you what is double entry bookkeeping, and how it works in practical life. You would learn five important steps which will in the end produce your business profit and loss account and balance sheet. These five steps contain day book, journal entry, trial balance, profit and loss account and balance sheet. There is no other simple way than this for your daily bookkeeping and accounts preparation. I hope you would learn new skills which will be beneficial for life! Please note some tasks are repeated for extra 15 minutes. You can skip as per your need. All the best Simple Steps Learning