Introduction to Financial Accounting

Rating: | Fields: Accounting | Specializations: Business /Finance & Accounting

Practical Professional Accounting for Anyone (business owner, accountant, student etc) that teaches you to master needed accounting skills for any type of business

Introduction to Financial Accounting Click to Preview Course

₦20,000.00

  • Get 5 hours, 30 minutes practical videos
  • Learn how to build Chart of Accounts
  • Learn how to create all 4 major financial statements
  • Download Excel Workbooks to practice with
  • Learn shortcuts and analogies to become a better accountant
₦20,000.00

Course Description

This is not your typical accounting course!

Mr. Taiwo Oretuga has taught hundreds of students accounting. He has developed shortcuts and analogies to make learning accounting easy. If you want to understand this subject in a simple, fun way then this course is for you.

Your Outcome

The Introduction to Financial Accounting course will provide you professional training to become skilled in all the major accounting tasks required for any decent business organisation. The easy but in-depth nature of this course means you will easily learn and know how to prepare all the major financial statements (Profit & Loss, Balance Sheet, Cash flows, Changes in Equity etc). You will also come to fully understand the key accounting principles which will help you become a much better financial person.

This course is excellent for you to get a good grasp of professional accounting and be able to fit in both small and large organisations with the modern accounting knowledge you will acquire.

In this course you will learn;

Module 1: Introduction

  • Brief history of Accounting
  • About book keeping

Module 2: Charts of Accounts

  • The accounting equation
  • Accrual vs Cash Accounting methods
  • Double-Entry Accounting systems

Module 3: Accounting Journals

  • About Journals and Journals Entries
  • General Ledges

Module 4: Accounting Principles

  • Economic Entity Assumption
  • Time Period Assumption
  • Monetary Unit Principles
  • Cost Principles
  • Matching Principle
  • Revenue Recognition Principle
  • Going Concern Principle
  • Full Disclosure Principle
  • Materiality
  • Conservatism

Module 5: Financial Statements

  • Statement of Financial Position (Balance Sheet)
  • Statement of Profit or Loss
  • Statement of Cash flows
  • Statement of Changes in Equity
  • Other disclosures

Module 6: Illustrations

  • Revenue
  • Cost of Sales
  • Property, Plant and Equipment
  • Inventory
  • Accounts Reliable
  • Accounts Payable
  • Ratios
This course includes;
  • 5 hours, 30 minutes on demand video
  • Full lifetime access
  • Access on mobile and desktop
  • Workbooks
  • Certificate of completion

Course Outline

Module 1 - Introduction to Accounting 6 min, 46 sec
  • Introduction 1 min, 4 sec
  • Brief History of Accounting 2 min, 53 sec
  • Book Keeping 2 min, 48 sec
Module 2 - Chart of Accounts 50 min, 2 sec
  • Introduction 1 min, 11 sec
  • The Accounting Equation 6 min, 25 sec
  • Accounts Heads and Subheads 1 min, 19 sec
  • The Accounting Process 6 min, 26 sec
  • Charts of Accounts 9 min, 25 sec
  • Double-Entry Accounting Systems 4 min, 36 sec
  • Accural vs Cash Accounting Part 1 4 min, 52 sec
  • Accural vs Cash Accounting Part 2 2 min, 7 sec
  • Accural vs Cash Accounting Part 3 9 min, 9 sec
  • Accural vs Cash Accounting Part 4 4 min, 28 sec
Module 3 - Accounting Journal 34 min, 55 sec
  • Introduction 45 sec
  • Journal Entries Part 1 5 min, 3 sec
  • Journal Entries Part 2 5 min, 11 sec
  • Journal Entries Part 3 4 min, 25 sec
  • Journal Entries Part 4 6 min, 57 sec
  • General Ledger Part 1 3 min, 13 sec
  • General Ledger Part 2 9 min, 17 sec
Module 4 - Accounting Principles 35 min, 31 sec
  • Introduction 1 min, 4 sec
  • Overview 2 min, 2 sec
  • Economic Entity Assumption 4 min, 58 sec
  • Time Period Assumption 4 min, 7 sec
  • Cost Principles 8 min, 50 sec
  • Going Concern Principles 4 min, 12 sec
  • Full Disclosure Principle 10 min, 14 sec
Module 5 - Financial Statements 56 min, 14 sec
  • Introduction 1 min, 7 sec
  • Overview 2 min, 45 sec
  • Statement of Financial Position/Balance Sheet 7 min
  • Statement of Financial Positions/Balance Sheet (Part 2) 18 min, 35 sec
  • Statement of Financial Positions/Balance Sheet (Part 3) 18 min, 1 sec
  • Statement of Changes in Equity 8 min, 44 sec
Module 6 - Illustrations 2 hr, 21 min, 50 sec
  • Introduction 57 sec
  • Illustrations 8 min, 50 sec
  • Illustrations - Trial Balance (Opening Balance) 10 min, 7 sec
  • Illustrations - Journal Entries (Part 1) 8 min, 37 sec
  • Illustrations - Journal Entries (Part 2) 5 min, 1 sec
  • Illustrations - Journal Entries (Part 3) 5 min, 59 sec
  • Illustrations - Journal Entries (Part 4) 14 min, 15 sec
  • Illustrations - Journal Entries (Part 5) 7 min, 2 sec
  • Illustrations - General Ledger 9 min, 35 sec
  • Illustrations - General Ledger (Part 2) 10 min, 32 sec
  • Illustrations - General Ledger (Part 3) 8 min, 33 sec
  • Illustrations - General Ledger (Part 4) 14 min, 47 sec
  • Illustrations - Trial Balance 7 min, 53 sec
  • Statement of Profit or Loss (FS-SOPL) 9 min, 48 sec
  • Statement of Financial Position (FS-SOFP) 6 min, 46 sec
  • Statement of Cash Flow (FS-SOCF) Part 1 6 min
  • Statement of Cash Flow (FS-SOCF) Part 2 7 min
  • Workbook 0 sec

Requirements

  • Be ready to learn
  • No prerequisite knowledge is required!
  • Excel Knowledge

Audience

  • Business Owners
  • Students
  • Businesses
  • Accountants
  • Bookkeepers

About Instructor

Taiwo Oretuga

Taiwo Oretuga is a Financial Consultant with over 9 years professional experience in Financial & Transactions Advisory, Audit & Assurance, and Financial Reporting.

He worked as an Audit Associate, IFRS Consultant and Senior Consultant at PKF Professional Services after which he moved to KPMG Nigeria where he was a Senior Associate in the Deal Advisory Unit of the firm.

At KPMG, Taiwo worked on several due diligence, business plan, financial modelling and valuation projects across several industries including the manufacturing, financial services and telecommunications industries. At PKF, he was responsible for a number of audit & assurance, and IFRS projects.

Taiwo holds a Bachelors Degree in Business Administration from Olabisi Onabanjo University, a Masters Degree in Investment and Finance from Middlesex University and the ACCA Diploma in IFRS. He is an Associate Member of the Institute of Chartered Accountants of Nigeria (ICAN).

Taiwo is currently the Lead Partner in Taiwo Oretuga & Co (Chartered Accountants) and is also a Partner in Greywheels Limited.

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Tags: Accounting