Accounting, Bookkeeping, and Financial Statements Preparation are three steps to achieve one main goal, keeping a track of business money and prepare reports to provide a financial summary for stakeholders.
Every single business needs to record its income and expenses, not just for internal management and control, but also for external stakeholders like government, tax authorities, investors, lenders, and even suppliers and customers. Having a good command of numbers and the idea of how cash flows are recorded and presented makes you a better professional.
Course link: https://www.udemy.com/course/accounting-for-entrepreneurs/?referralCode=C4F16CB9DB51D6D2D9E1
Topics Covered:
Introduction to Accounting
Why Accounting has to follow rules and what are the accounting standards?
Different types of Accounting and what information is produced by each?
Accounting terms
Cash and Accrual Accounting
Double-entry concept
Bookkeeping
General Ledger
Trial Balance and Financial Statements
Fixed Assets and Depreciation
Inventory Accounting
Financial Statements preparation
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