Our basic accounting course is about fundamentals when it comes to accounting, it’s about the procedures you should have in place, the routines. We also break it down on how it all works and most importantly we bring to you the very basic entries you will encounter as you start your business.
|Creating Annual Report
Preparing your very own Annual Report can be a daunting challenge. Especially if it’s your first time and you don’t exactly have an idea what you’re supposed to do. To help you, what we’ve prepared is an Excel template in which you can build up numbers and tables – all of which are all copy-past able to our Word template. Just add a little bit content and you’re done. To give you an idea we’ve also prepared an example Annual Report and all relevant templates to help you even further.
|How To Get Accounting Going
One vital part of running a business is and has always been accounting and everything that comes with it. It’s recording your transactions and reporting on them, but it’s also ensuring proper routines and controls, it’s avoiding common pitfalls and knowing your way around your accounting. It’s the foundation to a successful business. When it comes to building up and starting with your own accounting, we will cover the basics step-by-step.
|Balance Sheet Basics
Balance sheet is one of the main statements when it comes to financial performance of business – it’s the assets the company owns and the liabilities the company still has to pay up. All your transactions one-way or the other affect your balance sheet. What we’ve done is explained the balance sheet fundamentals, but not only. We’ve also listed the main transactions and how they affect the statement of company’s financial position – it’s assets and liabilities.
|Income Statement Basics
When the balance sheet is all about assets and liabilities, the income statement is showing what you earned and spent during the reporting period – it’s your revenues and expenses – and it ends up with the profits or losses for the period. With our fundamental course on the income statement we’re explaining the structure, the basics and also giving you an overview of the main transactions a company can have that affect the income statement.
|Statement of Cash Flows Basics
Cash flows of a company are like blood vessels of a human body – with inflows you’re getting cash and with outflows you’re giving someone else your cash, kind of like oxygen in blood, one way moving away and coming back with another. When your balance sheet and income statement are statements on their own meaning you actually make entries onto their accounts, the statement of cash flows is a mixture of both and then some. What we set out to do is explain the characteristics and fundamentals of types of various cash flows a company can have and how it all works out together.
|Annual Report BasicsYour company’s Annual Report tells others how reporting period or financial year turned out for you. It’s not just numbers, but content behind them and any other relevant information you find relevant to the users of the report. With out Annual Report Basics we aim to give you the general understanding of how the report should be build up.|
|Statement of Changes in Owners Equity Basics
What’s the equity about? What’s the statement about it saying to us? Statement of Changes in Owners Equity Basics is about explaining the structure of the statement, the fundamental meaning of it obviously and how to compose one.
|Confirmation Letters – AP
One part is preparing the letters to your suppliers, the other procedure itself. Our aim with our course is simple – we give you the templates and explain the reasons behind the procedure, how to do it properly and share best practices.
|Confirmation Letters – AR
One part is preparing the letters to your customers, the other procedure itself. Our aim with our course is simple – we give you the templates and explain the reasons behind the procedure, how to do it properly and share best practices.