Master Financial Statement Analysis & Accounting in Excel
What you will learn:
- Automate accounting processes in Excel.
- Generate accurate financial statements (Income Statement, Balance Sheet, Cash Flow Statement).
- Master double-entry bookkeeping.
- Perform year-end adjustments and closing processes.
- Conduct comprehensive horizontal analysis.
- Calculate and interpret key financial ratios (profitability, liquidity, efficiency, solvency, cash flow).
- Analyze financial health and profitability.
- Compare company performance against industry standards.
- Make data-driven business decisions.
- Improve financial reporting and analysis skills.
Description
Join our comprehensive course and unlock the power of Excel for streamlined accounting and insightful financial analysis. This practical course takes you step-by-step through the complete accounting cycle, from recording basic transactions to creating automated financial statements and conducting in-depth ratio analysis. Learn to accurately record various transactions, including sales, purchases, expenses, and year-end adjustments. You'll master the creation of the Income Statement, Balance Sheet, and Cash Flow Statement, all within the familiar environment of Excel, eliminating manual calculations and improving accuracy.
Beyond basic bookkeeping, we delve into the critical realm of financial statement analysis. You will learn to automate calculations for key financial ratios, empowering you to interpret financial data, assess business health, identify trends, and compare performance against industry benchmarks. Gain the confidence to make data-driven decisions and improve your strategic planning. Whether you are a financial professional, business owner, or student, this course provides a practical and efficient approach to mastering accounting and financial analysis. By the end, you’ll possess invaluable skills to improve your financial reporting, streamline your workflow, and elevate your understanding of business finance.
Curriculum
Introduction
This introductory section sets the stage for the entire course. The "Course Introduction" lecture provides a comprehensive overview of what you will learn, while the "Creating Accounting Process in Excel" lecture lays the groundwork for automating accounting processes within Excel. It provides an essential foundation for understanding the course structure and the software utilized throughout.
Core Accounting Transactions
This section dives into the fundamental accounting transactions, equipping you with the practical skills to record various business activities. You'll learn to record transactions related to company creation, purchasing assets (property, equipment, inventory), sales (both cash and credit), expenses (rent, salaries, marketing, utilities), and bank loans. This section includes numerous examples and opportunities to check your understanding through questions reinforcing double-entry bookkeeping concepts.
Year-End Adjustments
This section focuses on the crucial process of year-end adjustments. You will learn how to make these adjustments accurately, including an explanation of the process for preparing for the next fiscal year. The section clearly demonstrates how to carry forward the balance sheet to the next fiscal year, ensuring accuracy and consistency in financial reporting.
Second Years Transactions
This section extends the learning by demonstrating further transactions within the second fiscal year, building upon the fundamental principles learned in earlier sections. It provides practical application and strengthens your skills in recording and processing financial transactions.
Adjustments for the year 2025
Building on prior learning, this section shows how to make year-end adjustments specific to the second fiscal year. Key adjustments covered include depreciation, bad debt expenses, prepaid insurance, and corporate tax provisions. This section enhances your ability to handle complex adjustments within the accounting cycle.
Financial Analysis Introduction
This section provides a foundational introduction to the principles and methods of financial analysis, preparing you for the more detailed ratio analysis in subsequent sections.
Horizontal analysis
This section teaches horizontal analysis, a method used to compare financial statement data across different periods to identify trends and changes in performance. It covers both income statement and balance sheet/cash flow statement analysis.
Profitability ratio analysis
This section explains the principles and applications of profitability ratios, crucial for assessing a company's ability to generate profits. It provides practical examples of how to calculate and interpret key profitability metrics.
Liquidity ratio analysis
This section covers liquidity ratios, which measure a company’s short-term ability to meet its financial obligations. You’ll learn how to calculate and interpret these ratios to assess financial stability.
Efficiency ratio analysis
This section delves into efficiency ratios, which evaluate how effectively a company manages its assets and resources. It includes inventory turnover, days sales outstanding, accounts payable turnover, and asset turnover ratios.
Solvency ratios
This section focuses on solvency ratios, which assess a company’s long-term financial stability and its ability to meet its long-term obligations.
Cash Flow Ratios
This section teaches the use and interpretation of cash flow ratios, providing insights into a company’s ability to manage its cash flow and meet its financial needs.
Course Conclusion
This concluding section summarizes the key takeaways from the course, reinforcing your learning and preparing you to apply your newfound skills in real-world scenarios.
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