Accounting Fsa A Solid Foundation For A Career In Finance

Tags: Financial Accounting

Accounting & Financial Ratio Analysis made easy. Learn important accounting skills that will get your foot in the door!

Last updated 2022-01-10 | 4.6

- Understand bookkeeping records
- Build an Income Statement
- Build a Balance Sheet

What you'll learn

Understand bookkeeping records

Build an Income Statement

Build a Balance Sheet

Understand the accounting equation and the principle of double entry

Tell the difference between debits and credits

Account for the difference between income and cash

Navigate through Financial Reports with ease

Perform Vertical and Horizontal Analysis

Calculate Liquidity

Solvency

Profitability and Growth ratios

Analyze a company's performance based on the figures in its annual report

* Requirements

* No prior knowledge of accounting is assumed or needed
* There is nothing to buy or pay for - everything is included for free
* You'll need a notebook and a pen

Description

National Association of State Boards of Accountancy (NASBA)

NASBA CPE credits: 5.8

Recommended NASBA field of study: Accounting

Program level: Basic

To earn NASBA CPE credits:

Complete all videos
Score 70% or higher on final exam

Glossary: Find PDF attached to the first lecture of this course.

Completion to obtain CPE should be accomplished a year after purchase date.

If you undertake this course for NASBA CPE credits, please complete the Self Study Course Evaluation.

Udemy is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. For additional information including refunds and complaints, please see Udemy Terms of Use. For more information regarding administrative policies, please contact our support.

Course content

10 sections • 76 lectures

Introduction to Accounting - Why Accounting Is Important? 8 lectures

What Does The Course Cover? Preview 01:14

What Is Accounting and Why Do We Need It? Preview 05:27

Why do we need Accounting?

The Importance of Bookkeeping - Good Accounting Records Are Essential Preview 02:34

The importance of Bookkeeping

Financial Accounting - Who Needs Financial Reports? Preview 02:44

Course Notes - Download Preview 1 page

CPE Review Quiz: Section 1

Let's review what you've learned in Section 1.

The Three Main Statements in Financial Accounting 8 lectures

The Three Main Financial Statements: P&L, Balance Sheet and Cash Flow Preview 02:52

Income Statement Items Preview 05:55

Revenue types - practical exercise Preview 01:47

Depreciation and amortization Preview 04:48

Balance sheet items Preview 04:36

The types of assets - practical example Preview 03:47

The types of liabilities - practical example Preview 02:30

CPE Review Quiz: Section 2

Let's review what you've learned in Section 2.

Understanding the Big Picture: Why, What, When, and How Much in Accounting 5 lectures

The Revenue Recognition Principle - Why Is it so Important? Preview 02:28

Completing 33% of the course Preview 00:32

The Expense Recognition Principle - When to Recognize Expenses Preview 02:09

Historical Cost vs. Fair Value Accounting Preview 02:26

CPE Review Quiz: Section 3

Let's review what you've learned in Section 3.

Let's Build a Solid Foundation: Core Accounting Principles That You Should Learn 10 lectures

The Accounting Equation and How It Stays in Balance Preview 02:00

The Accounting Equation

General & Subsidiary Ledgers - This Is How a Firm Organizes Its Accounts Preview 01:42

General and Subsidiary Ledgers

Making Sense of Debits and Credits! It Does Not Have To Be Hard Preview 04:22

Income Statement T-Accounts Preview 02:56

T-Accounts

The Cornerstone Principle of Accounting - Double Entry Bookkeeping Preview 05:17

Double-Entry Bookkeeping

CPE Review Quiz: Section 4

Let's review what you've learned in Section 4.

A COMPLETE Case Study: Bookkeeping Records + Income Statement + Balance Sheet 10 lectures

Practical Exercise: Bookkeeping entries + Building a P&L & a Balance Sheet (1/4) Preview 10:20

Case Study (Part 1)

Completing 50% of the course Preview 00:39

Practical Exercise: Bookkeeping entries + Building a P&L & a Balance Sheet (2/4) Preview 07:39

Practical Exercise: Bookkeeping entries + Building a P&L & a Balance Sheet (3/4) Preview 07:30

Case Study (Part 2)

Practical Exercise: Bookkeeping entries + Building a P&L & a Balance Sheet (4/4) Preview 08:14

Case Study (Part 3)

Course Challenge - Build a P&L and Balance Sheet from scratch Preview 01:19

CPE Review Quiz: Section 5

Let's review what you've learned in Section 5.

Accounting & Timing: Income and Cash Flow Are Two Different Things 5 lectures

The Importance of Timing: Revenue and Expense Recognition Preview 01:12

The Difference Between Cash Flow and Profit - A Must Know For Every Entrepreneur Preview 06:16

The Timing of Payments: Here Is How Many Business Owners Improve Their Cash Flow Preview 03:51

The Four Types of Accruals Arising in Accounting Transactions Preview 06:11

CPE Review Quiz: Section 6

Let's review what you've learned in Section 6.

Preparing a Cash Flow Statement: Understanding Cash Flow Analysis 6 lectures

Calculating Cash Flows - Understand if a business makes or burns cash Preview 02:44

The three parts of Cash Flow statements explained Preview 02:15

Cash Flow computations - The Direct method Preview 02:02

Cash Flow computations - The Indirect method Preview 03:40

Calculating Cash Flow in practice: A complete example Preview 06:18

CPE Review Quiz: Section 7

Let's review what you've learned in Section 7.

Introduction to Financial Reporting 4 lectures

Introduction to Financial Statements Preview 02:33

Let's Open P&G's 2015 Financial Report and Take a Look At It Together Preview 06:53

Who Verifies That The Figures Presented in Financial Statements Are Correct? Preview 02:27

CPE Review Quiz: Section 8

Let's review what you've learned in Section 8.

Financial Statement Analysis: Science and Practice 11 lectures

The Essence of Financial Statement Analysis: Four Key Dimensions Preview 01:57

Calculating Subtotals, Totals and Year-on-Year Growth Preview 01:41

Key Mechanics of Financial Statement Analysis: Performing a Meaningful Analysis Preview 03:02

Using Different P&L and Balance Sheet Formats + Horizontal and Vertical Analysis Preview 03:37

An Introduction to the "Days" Methodology: Understanding Working Capital Trends Preview 01:23

Financial Ratios Every Investor Should Use: Understanding Financial Ratios Preview 07:36

Quiz Number 6

Practical Exercise: Analyzing P&G's Business Through Financial Ratios (1 of 2) Preview 06:55

Practical Exercise: Analyzing P&G's Business Through Financial Ratios (2 of 2) Preview 04:43

Financial statement analysis

Calculate financial ratios and analyze Tesla Inc.'s financials in terms of liquidity, profitability, solvency, and growth.

CPE Review Quiz: Section 9

Let's review what you've learned in Section 9.

Financial Statement Analysis - Tesla exercise 9 lectures

What you will see next in this section Preview 01:02

How to download Tesla's historical financials Preview 02:37

Calculating and analyzing growth and profitability ratios Preview 10:38

Calculating and analyzing liquidity ratios Preview 06:23

Calculating and analyzing solvency ratios Preview 02:22

Assessment 10

Choose the most suitable option.

Congratulations! Preview 01:03

CPE Qualified Assessment

In order to receive CPE credit for this course, you must a) complete all course content, and b) pass this qualified assessment with 70% or greater.