Enhance your financial accounting skills with pmTycoon's comprehensive online course. Perfect for beginners and advanced learners, covering everything from basics to portfolio optimization.
The course "Financial Accounting Management" is a comprehensive program designed to provide an in-depth understanding of financial accounting. With a total duration of 7 hours and 4 minutes, this extensive course is categorized under Business Administration and falls specifically within the subcategory of Accounting. Despite having no reviews yet, it promises a thorough exploration of key concepts in financial accounting, making it a valuable resource for anyone looking to deepen their knowledge in this field.
Starting with a foundational overview, the course introduces the essentials of financial accounting, laying the groundwork for more intricate topics to follow. You will first encounter an exploration of accounting basics, including what accounting is and why it holds significant importance in the business world. Following this, you'll delve into the realm of transactions in accounting, giving you a solid grip on bookkeeping basics.
As the course progresses, it transitions into more specific areas such as accounting standards, periods, and the governing bodies that set these standards. A significant portion of the curriculum is dedicated to an extensive explanation of various asset types, including tangible, intangible, current, long-term, and accounts receivable assets. This detailed breakdown ensures you gain a nuanced understanding of how different assets are managed and accounted for.
Liabilities also receive comprehensive coverage, with discussions on the various types of liabilities, including current and accrued liabilities as well as contingents. The subject of equity is dissected to explain the accounting equation, the interplay between assets and liabilities, and the nuances of private equity. This sets the stage for understanding more complex financial reports.
The course takes you through the intricacies of income statements, detailing important components such as EBITDA, cost of goods sold, depreciation, amortization, and earnings per share (EPS). Furthermore, the critical concept of journal entry and double-entry bookkeeping is introduced, accompanied by tips and tricks for mastering the golden rules of accounting.
On the journey to mastering financial accounting management, you'll encounter in-depth lessons on ledger accounts, ledger posting, trial balances, and the creation of T-accounts. The curriculum also includes a discussion on the trading account, highlighting the differences between gross and net profit and detailing closing stock management and the cost of goods sold.
In the latter part of the course, emphasis is placed on the preparation and understanding of foundational financial statements: income statements, balance sheets, and cash flow statements. Through straightforward explanations, you will learn to navigate these documents with ease, making complex accounting topics accessible.
Capital budgeting techniques are another crucial component covered, explaining concepts such as Net Present Value (NPV), Internal Rate of Return (IRR), Payback Period, and Profitability Index (PI). These are elucidated using simple English, with a detailed walkthrough in Excel to enhance practical understanding. The course further delves into the Weighted Average Cost of Capital (WACC), unpacking the WACC formula and the broader ideas of capital cost.
Wrapping up, the course touches on advanced financial accounting aspects, from the beta stocks and their implications, to the Capital Asset Pricing Model (CAPM) and the Sharpe Ratio for portfolio building and optimization. Practical tools such as the portfolio optimization automated file solver are also provided to equip you with hands-on skills.
Overall, this course ensures a holistic education in financial accounting, encompassing both basic and advanced topics from start to finish.
Video class: Financial Accounting Overview - Part 1 of 12 | Financial Management Class
0h04m
Exercise: What is the primary focus of financial accounting within the financial management and functional areas?
Video class: Accounting Basics, What is accounting, and why Accounting is important - Part 2 of 12
0h02m
Exercise: What is the primary purpose of accounting in a business?
Video class: Transactions in Accounting - Part 3 of 12 | Bookkeeping basics
0h03m
Exercise: In the context of financial accounting, what is the primary objective for summarizing transactions into financial statements?
Video class: Accounting Standards, Accounting periods, and Accounting boards - Part 4 of 12
0h07m
Exercise: Which of the following statements is true about the accounting period in different countries?
Video class: All Asset types explained: Tangible, Intangible, Current, Long, Accounts Receivables - Part 5 of 12
0h13m
Exercise: Which of the following items is considered an intangible asset?
Video class: Liability, Types of liabilities, Current Liability, Accrued liability, Contingents – Part 6 of 12
0h05m
Exercise: Which of the following is NOT an example of a current liability?
Video class: Equity, What is Equity, Accounting equation, asset and liability, private equity - Part 7 of 12
0h13m
Exercise: In financial accounting, what is the relationship between assets, liabilities, and equity?
Video class: Income Statement, EBITDA, cost of goods sold, depreciation, amortization, EPS - Part 8 of 12
0h14m
Exercise: What is the correct sequence for calculating a firm's net income from its financial activities?
Video class: Journal Entry, Double entry bookkeeping, Trick for golden rules of accounting, - Part 9 of 12
0h15m
Exercise: Which of the following two events are recorded in a real account?
Video class: Ledger Accounts, Ledger posting, Trial Balance, post closing trial balance, Taccount - Part 10 of 12
0h08m
Exercise: In financial accounting, why is it important to conduct a trial balance?
Video class: Trading account, Gross profit vs net profit, closing stock, cost of goods sold, ... - Part 11 of 12
0h10m
Exercise: Which of the following statements accurately describes the purpose of a trading account in financial accounting for manufacturing and trading companies?
Video class: Income Statement, Balance Sheet, Cash flow statement, - Part 12 of 12
0h12m
Exercise: What is the primary purpose of preparing financial statements for a company?
Video class: Financial Accounting in simple English, All Accounting topics covered.
1h47m
Exercise: What is the main purpose of preparing a balance sheet for a company?
Video class: Capital Budgeting Techniques in English - NPV, IRR , Payback Period and PI, accounting
0h29m
Video class: WACC - Weighted Average Cost of Capital, WACC formula and Cost of Capital explained in detail
0h29m
Exercise: Which of the following factors is NOT included in the calculation of the Weighted Average Cost of Capital (WACC)?
Video class: Master Capital Budgeting with Excel Now : A Step-by-Step Walkthrough.
0h55m
Exercise: Which of the following best describes the concept of Net Present Value (NPV) in capital budgeting?
Video class: The Beta Stocks and What They Mean for YOU
0h23m
Exercise: What is the significance of a beta value equal to 1 for a stock?
Video class: CAPM, capital asset pricing model
0h18m
Exercise: What is the CAPM formula used to determine in financial management?
Video class: Financial Accounting covering all concepts from basics to advanced. Start to End!
0h00m
Video class: Sharpe Ratio (Part 1) for building a Portfolio: Start here to make Your Portfolio Shine.
0h24m
Exercise: Based on the Sharpe Ratio concept discussed in the video, which one of the following is the correct interpretation of the Sharpe Ratio in investment decision making?
Unlock the secrets of financial accounting with our comprehensive list of free courses. Whether you are a beginner looking to understand the basics or an experienced professional seeking to hone your skills, our curated selection of financial accounting courses will help you master the essentials. Financial accounting is a crucial subcategory of accounting that focuses on recording, summarizing, and reporting the myriad of transactions resulting from business operations over a period of time. Dive into our free courses to gain a solid foundation in financial accounting principles and practices.
Our selection of free financial accounting courses covers a wide range of topics, including:
Each course is designed to provide you with practical insights and hands-on experience, ensuring you can apply what you learn in real-world scenarios. These courses are perfect for students, small business owners, financial professionals, and anyone interested in understanding the financial workings of a business.
Benefits of taking our free financial accounting courses include:
Don't miss out on this opportunity to enhance your financial accounting skills. Browse our list of free financial accounting courses today and take the first step towards mastering the art of financial accounting. Whether you aim to advance your career, manage your own business finances, or simply gain a better understanding of financial accounting, our free courses are the perfect starting point.
Start learning now and unlock your potential with our free financial accounting courses!
7 hours and 4 minutes of online video course
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