Complete accounting and finance Course for Startups | SMEs

Complete accounting and finance Course for Startups | SMEs

Complete accounting and finance Course for Startups | SMEs

Accounting Entries, Prepare financial statements, Anlayse results, Make Budget and Forecasts, Business Plans, Valuation

Language: english

Note: 3.2/5 (13 notes) 55 students

Instructor(s): Hotel Management School Your learning Partner

Last update: 2020-04-22

What you’ll learn

  • Accounting Rules
  • Accounting Entries
  • Journal Entries
  • Prepare Financial Statements
  • Anlayse Financial Statements
  • Ratio Analysis
  • Accounting Policies and how they impact
  • how to Detect manipulations in financial statements
  • How to forecast revenue and expenses
  • make a budget for your business
  • business model canvas
  • how business model canvas is converted into a business plan
  • valuation of business
  • how to raise money in business

 

Requirements

  • Beginners course

 

Description

A Complete Course for Startup founders, Business Owners, Executives, Accounting professionals to give them a complete understanding of accounting and financial concepts.

Understanding accounting and financial concepts are essential for understanding company performance and diagnose any problems you may have. Even though you may not do any accounting or financial management yourself, this course will help you understand everything you need to gain confidence in this subject.

Program Goals

● To equip the startup Founders with financial skills to project, plan and execute

● To support the founders to really dig down into the details of the financial models and projections which will be helpful for conversation with investors

●To receive customized feedback from the instructors to build in the financial consideration of the company

Course Topics and Outlines
● Understanding the fundamentals of Accounting & financial statements and how to draw them.

1. Fundamentals of accounting practices.

2. Types of Accounts and Financial Statements

3. Accounting Entries

4. Relationship between Profit & Loss / Balance Sheet and Cash Flow

5. Key Accounting Policies

a. Inventory

b. Fixed Assets

c. Capital vs operating expenses.

d. Revenue Recognition

e. Expenses Accounting

6. Accounting Control Practices

a. Receivable from customers

b. Advance / pre payments

c. Accruals and Provisions

d. Fixed Assets

e. Supplier Payments

7. Working Capital

8. Analysis Steps and Methods


● Analyzing financial numbers for making business decisions

A. Analyzing Financial Statements in Details.

B. Ratio Analysis

a. Why Ratio – Usefulness and Limitations

b. Profitability Ratio

c. Liquidity Ratios

d. Working Capital

e. Asset Utilization

f. Return Ratios

g. Special Purpose

C. How to use Ratio analysis to understand ground reality in operations.

D. How operational decisions affect financial results.

E. Working Capital Management

F. Pricing Decisions

G. Capital Expenditure planning decisions

H. Using Financial Analytics Metrics for KPI management

I. Using financial numbers together with operational metrics


● Budgeting and forecasting and financial plan.

A. Why Budgeting / Forecasting / Planning is needed for business

B. Is it just a paper exercise?

C. How to make use of budgeting & forecasting.

D. Components of Budgets.

E. How to forecast and defend unforeseen future and able to defend it


● Deriving financial plan and blending with business models

· Business Model – Components

· how each business model component is represented in financial plan

· Interwind different components to make a complete business plan.


● Understanding the business value and do self-valuations

· What is Value??

· Value from different prospective.

· Different Methods of Valuation.

o Income Approach

o Cost Approach

o Comparable

· Inherent limitations and uncertainties of valuation models.

· How can we enhance value of our business?

· Share your experiences with valuation and how inventors value your startup

 

Who this course is for

  • Business Owners
  • Startup Founders
  • budding accounting and finance professionals
  • Business Executives

 

Course content

  • Introduction to Accounting (Fundamental Accounting of small business)
    • Accounting Fundamentals (Lecture-1.What is Financial Accounting)
    • Accounting Double Entry System and Fundamental Accounting Rules
    • Financial Accounting Process and Financial Statements Generates
    • Basic Accounting Equation and Four Financial Statements
    • Define Chart of Accounts and Classify the accounts
    • External and Internal Transactions with companies
    • Short Exercise to Confirm what we learned in this section
  • Accounting Policies
    • What are Major Accounting Policies need to be decided by companies
    • Depreciation Policies
    • Operational Fixed Asset Controls
    • Inventory Accounting and Controls
    • Revenue Accounting and Controls
    • Expenses Accounting and Working Capital
  • Master Concepts of Finance and Accounting Analysis
    • Financial Statement Analysis Objectives
    • Financial Analysis Methods in Brief
    • Ratio Analysis
  • Profitability
    • Resource Files you can use to follow along
    • Gross Profit & Operating Margin Ratios
    • Net Profit & Expense Control Ratios
    • ClassRoom Discussion for some other expenses
    • use of Profitability Ratio to understand Copetitive advantage and business mode
  • Return Ratio
    • Return on Assets and FIxed Assets
    • Return on Capital Employed
    • Case Study Analysis of three telecom companies
    • Cautions for using return ratios on face value
    • Ratios which help to understand how efficiently assets are used
    • How we measure utlisation of assets not recorded in Balance Sheet
  • Liqudity Ratio
    • Liquidity Ratio to understand Risk inherent in companies
    • Long Term Liquidity Ratios
  • Operational Analysis
    • Financial Analysis Measure meant to understand efficiency in other operations
    • Summarise – Ratios use for operational analysis
    • Dupont Analysis to understand opportunities in optimising return on equity
  • Detecting Manipulation
    • Detecting Manipulation in accounts – Fake Sales
    • Detecting Manipulation – Wrong Depreciation and others
    • Pricing Decisions
    • How to make Capex Decisions
  • Financial and Operation Budgeting Business Plan for growth
    • Why Budget and Forecasts
    • Is budget planning a paper excercise
    • Operational and Financial Budget
  • Detail Budget Requirement
    • Components – Revenue Budgets
    • Components – Cost Budget-
    • Qualititative Aspects
  • Process of Making Budget
    • Process of Budgeting – Logical Steps
    • Revenue Budget – What Information we need to make revenue budgets
    • Example we used in Class to demonstrate a broad process in budget and planning
    • Cost Budget Process – Link from revenue and operational plan
    • Cost Budget Process – Other aspects
  • Understanding Business Model
    • Business Model Canvas – Brief Introduction
    • How does it begin and starts
    • Problems Solving Opportunities
  • Conponent of Business Model, Explaning Details
    • Customers and Value Proposition
    • Channels of Distribution and Customer Relationships
    • Revenue Streams and Key Resources
    • Key Activities, Partners and Cost
  • Case Study
    • Business Model of ALIBABA to explain different components
    • Business Model of IKEA Explained-
    • An Practical Example to Demonstrate how different compoents work in business mod
  • Basic of Business Plan
    • Business Plan Component – Exec Summary
    • Business Plan Component – Exec Summary-Key things
    • Maket Sizing Concepts and Financial Model to Calculate Market Access
    • Marketing Sizing Method
    • Rest of Financial Model and B Plan
  • Raising Money & Valuations
    • Recap of Previous classes
    • Traditional Capital Rasing
    • Startup Financing and Stages
    • Early Stage Financing – Own capital, crowdfunding and leasing
    • Early Stage FInancing – Angel Investing, VC Capital
  • Valuation Concepts
    • Why we need valuation and is it objective
    • Business Valuation Concepts
    • process of valuations and factors that affect valuations
    • Valuation Methods and Market Approach
    • Income Valuation Approach
    • Discounting rate and how we determine it
    • Other Methods of valuation and Consclusion
  • BONUS SECTION
    • Bonus Section

 

Complete accounting and finance Course for Startups | SMEs

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