Business Owner Financial Program – Bookkeeping on the Go

About Course

In this program, you will learn the basic accounting principles so you and your accountants can speak the same language. You will also learn about the balance sheet, the profit and loss ( or income statement ) and the statement of cash flows. You will understand how to review each of these statements to identify any inefficiencies, discrepancies, and have an overall peace of mind that you understand your financial position.

6 Week Course
1 Lesson per Week
Approx. 30- 45 min per Lesson

Starting July 1, 2021

Course Content

Lesson 1 – Getting Started
The goal of this program is to give you a basic understanding of budgets and financial reports so you can hold relevant discussions and render decisions based on financial data. This course will define key terms like ROI, EBIT, GAAP, and extrapolation. Lesson Objectives: Identify Financial Terminology Understand Budgets Analyze Financial Statements Understand Forecasting Techniques

(VIDEO) Lesson 1 – Getting Started

25:30
What is Finance?
What is Accounts Payable
What is an Accounts Payable Clerk
Why is an AP Clerk Important?
What is Accounts Receivable
What is an Accounts Receivable Clerk
Why is an AR Clerk Important?
Relevant Terminology
Invoice You Receive
Invoice You Send Out
Commonly Used Terms
Understanding GAAP
Revenue Recognition
Expense Recognition
Key Players
Important Financial Organizations

Lesson 2 – Understanding Financial Statements
This lesson will discuss the following topics: Accounts Payable and Accounts Receivable Aging Reports Balance sheets Income statements Statement of retained earnings Statement of cash flows Annual reports

(VIDEO) Lesson 2 – Understanding Financial Statements

31:07
Lesson One: Review Questions / Answers
AP Aging Report
Balance Sheets
Income Statements (AKA Profit & Loss Statements)
Statement of Retained Earnings
Statement of Cash Flows
Annual Reports
Income Ratios
Profitability Ratios
Liquidity Ratios
Working Capital Ratios
Bankruptcy Ratios
Long-Term Analysis Ratios
Coverage Ratios
Leverage Ratios
Calculating Return on Investment (ROI)
Lesson Two: Review Questions

Lesson 4 – Understanding Budgets
In this lesson, you will learn the following on budgets: Common types of budgets What information do I need? Who should be involved? What should a budget look like?

(VIDEO) Lesson 4 – Understanding Budgets

26:12
Common Types of Budgets
What Information do I Need?
Who Should Be Involved?
What Should a Budget Look Like?
Factoring in Historical Data
Gathering Related Information
Adjusting for Special Circumstances
Putting It All Together
Computer Based Methods
Using the Average
Regression Analysis
Extrapolation
Formal Financial Models
How to Tell If You’re on Track
Should Your Budget be Updated
Keeping a Diary of Lessons Learned
When to Panic
Lesson Four: Review Questions

ANNOUNCEMENT: Now Accepting New Clients. Contact us for further details.

About Course

Starting July 1, 2021

What Will You Learn?

Course Content

(VIDEO) Lesson 1 – Getting Started

What is Finance?

What is Accounts Payable

What is an Accounts Payable Clerk

Why is an AP Clerk Important?

What is Accounts Receivable

What is an Accounts Receivable Clerk

Why is an AR Clerk Important?

Relevant Terminology

Invoice You Receive

Invoice You Send Out

Commonly Used Terms

Understanding GAAP

Revenue Recognition

Expense Recognition

Key Players

Important Financial Organizations

Lesson 2 – Understanding Financial Statements This lesson will discuss the following topics: Accounts Payable and Accounts Receivable Aging Reports Balance sheets Income statements Statement of retained earnings Statement of cash flows Annual reports

(VIDEO) Lesson 2 – Understanding Financial Statements

Lesson One: Review Questions / Answers

AP Aging Report

Balance Sheets

Income Statements (AKA Profit & Loss Statements)

Statement of Retained Earnings

Statement of Cash Flows

Annual Reports

Income Ratios

Profitability Ratios

Liquidity Ratios

Working Capital Ratios

Bankruptcy Ratios

Long-Term Analysis Ratios

Coverage Ratios

Leverage Ratios

Calculating Return on Investment (ROI)

Lesson Two: Review Questions

Lesson 4 – Understanding Budgets In this lesson, you will learn the following on budgets: Common types of budgets What information do I need? Who should be involved? What should a budget look like?

(VIDEO) Lesson 4 – Understanding Budgets

Common Types of Budgets

What Information do I Need?

Who Should Be Involved?

What Should a Budget Look Like?

Factoring in Historical Data

Gathering Related Information

Adjusting for Special Circumstances

Putting It All Together

Computer Based Methods

Using the Average

Regression Analysis

Extrapolation

Formal Financial Models

How to Tell If You’re on Track

Should Your Budget be Updated

Keeping a Diary of Lessons Learned

When to Panic

Lesson Four: Review Questions

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© 2021 Bookkeeping on the Go

Lesson 2 – Understanding Financial Statements
This lesson will discuss the following topics: Accounts Payable and Accounts Receivable Aging Reports Balance sheets Income statements Statement of retained earnings Statement of cash flows Annual reports

Lesson 4 – Understanding Budgets
In this lesson, you will learn the following on budgets: Common types of budgets What information do I need? Who should be involved? What should a budget look like?