Financial Accounting in Excel - New Business
This workshop will provide an introduction to financial accounting in Excel, focusing on the creation of a comprehensive worksheet to enter journal entries related to establishing a new business. Participants will gain an understanding of the fundamentals of financial accounting. ▼
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Course Feature
Cost:
Free
Provider:
Udemy
Certificate:
No Information
Language:
English
Course Overview
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Updated in [March 06th, 2023]
This course provides an introduction to financial accounting in Excel for new businesses. Participants will learn the fundamentals of debits and credits, as well as how to use Excel to add, subtract, and use the sum function. Additionally, participants will learn how to journalize journal entries and post them to the general ledger.
[Applications]
After completing this course, participants should be able to apply the knowledge gained to create a financial accounting system in Excel for their own business. They should be able to use the debits and credits system to journalize and post journal entries to the general ledger. Additionally, they should be able to use the Excel fundamentals to add, subtract, and sum functions.
[Career Paths]
1. Financial Accountant: Financial Accountants are responsible for preparing and analyzing financial statements, maintaining financial records, and ensuring compliance with applicable laws and regulations. They are also responsible for developing and implementing financial strategies to help businesses achieve their goals. Financial Accountants are in high demand due to the increasing complexity of financial regulations and the need for accurate financial reporting.
2. Financial Analyst: Financial Analysts are responsible for analyzing financial data and making recommendations to businesses and organizations. They use their knowledge of financial markets, economic trends, and financial instruments to assess the performance of investments and make recommendations for improvement. Financial Analysts are in high demand due to the increasing complexity of financial markets and the need for accurate analysis.
3. Financial Manager: Financial Managers are responsible for overseeing the financial operations of a business or organization. They are responsible for developing and implementing financial strategies, managing budgets, and ensuring compliance with applicable laws and regulations. Financial Managers are in high demand due to the increasing complexity of financial regulations and the need for accurate financial management.
4. Financial Planner: Financial Planners are responsible for helping individuals and businesses plan for their financial future. They provide advice on investments, retirement planning, estate planning, and other financial matters. Financial Planners are in high demand due to the increasing complexity of financial markets and the need for accurate financial planning.
[Education Paths]
1. Bachelor of Science in Accounting: This degree path provides students with a comprehensive understanding of the principles of accounting, including financial reporting, taxation, auditing, and financial management. Students will learn how to analyze financial data, prepare financial statements, and use accounting software to manage financial information. Additionally, they will gain an understanding of the legal and ethical aspects of accounting. This degree path is ideal for those looking to pursue a career in accounting or finance.
2. Master of Science in Accounting: This degree path provides students with an advanced understanding of accounting principles and practices. Students will learn how to analyze financial data, prepare financial statements, and use accounting software to manage financial information. Additionally, they will gain an understanding of the legal and ethical aspects of accounting. This degree path is ideal for those looking to pursue a career in accounting or finance, as well as those looking to pursue a career in auditing or consulting.
3. Master of Business Administration (MBA): This degree path provides students with a comprehensive understanding of business principles and practices. Students will learn how to analyze financial data, prepare financial statements, and use accounting software to manage financial information. Additionally, they will gain an understanding of the legal and ethical aspects of business. This degree path is ideal for those looking to pursue a career in business management or consulting.
4. Master of Science in Finance: This degree path provides students with an advanced understanding of financial principles and practices. Students will learn how to analyze financial data, prepare financial statements, and use accounting software to manage financial information. Additionally, they will gain an understanding of the legal and ethical aspects of finance. This degree path is ideal for those looking to pursue a career in finance, banking, or investment management.
Course Syllabus
Set up New Company Worksheet
Set Up Inventory Items
Set Up Customer Balances
Set Up Vendors Beginning Balances
Enter Opening Account Balances
Pros & Cons
Knowledgeable & Informative
Helpful activity & great explanations
Going to help advance accounting skills
Easily understandable
Need to access more videos to confirm
Course Provider
Provider Udemy's Stats at AZClass
This workshop will provide an introduction to financial accounting in Excel, with a focus on creating a comprehensive worksheet for entering journal entries related to setting up a new business. Financial Accounting in Excel - New Business is an excellent course for those wishing to learn the basics of financial accounting. It covers topics such as debits and credits, Excel basics, journal entries and posting journal entries to the general ledger. Learners will understand the fundamentals of financial accounting and how to use Excel to create financial statements and spreadsheets. They will also learn how to manage finances using accounting software and how to analyze financial data.
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