Finance and accounting are two fundamental aspects of today’s business. They are concerned with recording, analyzing, and interpreting business operations. Through them, you manage your business’s cash flow, control expenses, and plan for the future. These functions are essential for any organization’s survival. Therefore, the knowledge of accounting and finance is crucial for any entrepreneur. Let us share some online courses in accounting and finance with you that will teach you essential concepts related to these subjects. So, in no particular order, let us get started.
We will start with the basics here. This course will introduce you to the concepts of financial accounting. You will familiarize yourself with essential terms like equity, finance, liabilities, assets, etc. How to record them, their relationship with each other, and their importance to the business’s running. You cannot proceed without learning the basics, so we have picked this course with this in mind.
Maintaining and managing a healthy cash flow is the ultimate aim of any businessman. To record your business’s incoming and outgoing cash, a statement is prepared, which is known as a cash flow statement. This course teaches you how you read a cash flow statement, what it tells you about your business’s health, and what it foretells. You can make future decisions based on your cash flow. If you want to take a loan, the creditor will always ask for your cash flow statement. Learn all this and more here
Financial statements provide you with all the vital information about a company. If you are looking to invest in a company, you will invariably look at its financial statements to assess its financial health. To analyze these statements, you need an understanding of all the financial terms, what they represent, what trend you can find in them, etc. Financial reporting is also done according to some legal and industry standards. You can be penalized for non-compliance. So, it is doubly important to learn about them. You can get a thorough knowledge of all this here
This course sheds light on the all-important topics of financial planning and forecasting. An essential purpose of recording and reporting financial transactions is planning for the future. You can predict which way your organization is heading and how you can accelerate growth or stop the downslide – whatever the case may be. This course teaches you all this within the embedded model of a spreadsheet. Learn more about it here
Financial ratios are as attractive as they are essential. If you know about fundamental financial ratios and how to interpret them, you can quickly assess a company’s financial health and forecast the future based on historical data. For anyone wanting to learn about accounting and finance, financial ratios are significant to understand. If you’re going to invest in stocks and shares, then learning these ratios can be highly beneficial. You can master these ratios here
Accounting equations were developed and added later to the realm of bookkeeping and accounts management. It aimed to simplify the concepts of accounting and present them in an easy-to-understand format. For a novice, accounting equations offer an easy opportunity to learn about the subject, while for an expert, they give a more insightful view and ask for further probes on the topic. In this course, you will learn more about accounting equations, especially in the context of the corporate sector. Learn more about them here
A bank reconciliation statement might seem like a dated concept, but it is still very much relevant for many small businesses. This course will teach you how you can reconcile your bank account’s balance with what is being shown in your books of accounts. You will trace the missing entries and take corrective measures to bring both credits at par. This is not difficult to learn, but sometimes there are many entries spread over a long time. Then it can get problematic. You can learn all those techniques here.
This course will teach you the nitty-gritty of making a budget. The instructor will highlight the various techniques used in preparing a business budget. What is the significance of a business budget, and how can you align it with your organization’s overall goals? Budgeting will give you an estimate of what to spend in a given time and then remaining within that financial limit. You can learn more on the subject here.
To regulate and streamline the accounting operations globally, international accounting standards were put in procedures by the international accounting standards board. They comprise some universal laws and agreed-upon practices related to accounts and bookkeeping. This course will highlight the financial reporting module of these accounting standards. If the subject sparks your interest, you can learn more about it. You can understand the financial reporting module of accounting standards here.
The double-entry bookkeeping system is the most popular and widely used form of account management. It is simple to follow and minimizes the chances of errors, misreporting, fraud, etc. It lies at the heart of the modern bookkeeping approach. You can learn more on the subject here.
So, that concludes our list of 10 of the most popular courses on accounting and finance. Our focus here has been to pick those introductory courses that are easy to understand and provide you an introduction to a critical area of these subjects. You are free to explore further if anyone of them raises your interest level. We remind you again that the list does not represent a ranking; it is in random order.