The Complete Introduction To Accounting and Finance
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Are You An Entrepreneur or Small Business Owner?
Does Accounting Seem Overwhelming?
Do Numbers And Financial Reports Confuse You?
Would You Like To Learn Accounting & Finance in a Fun & Easy Way?
If You Answered “Yes” To Any Of The Above, Look No Further. This Is The Course For You!
*** Updated with new content! ***
Enroll today and join the 100,000+ successful students I have taught as a Top Rated Udemy instructor!
Three reasons to TAKE THIS COURSE right now:
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You get lifetime access to lectures, including all new lectures, assignments, quizzes and downloads I add
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You can ask me questions and see me respond to every single one of them thoroughly! This is an interactive course!
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You will are being taught by a professional with a proven track record of success!
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Bonus reason: Udemy has a 30 day 100% no questions asked money back guarantee!
Recent review:
“Excellent course!
I was looking for an introductory course to accounting and finance as I am an investor in early stage startups, and accounting/finance always seems to be an area which is confusing for founders. Chris Benjamin definitely has used his real world experience and education to create a course which teaches entrepreneurs and startups everything they should know from the start about accounting and finance. Kudos!” – JT Lexington, Maven Capital
What Do You & I Cover In This Course?
This course teaches entrepreneurs, startups and small businesses all things business accounting and entrepreneurial finance related, A to Z. Starting with an introduction to accounting concepts, we move into financial reports and how to create them, understand them and analyze them. Bookkeepers, Accountants, CFO’s and Business Owners alike would all benefit from this course.
Next, we learn about budgeting and forecasting. Next we discuss growing your company, how to understand and analyze it using non conventional reports.
After growing your company, we talk about raising capital and what is involved and avenues you can take. One section is devoted to the initial public offering process and the timing, costs and best business practices involved.
Last, we discuss exit strategies and how to give your investors and yourself a payoff for your hard work.
This course is truly a start to finish of accounting and finance. At over 12 hours long, I wanted to make sure you will feel empowered and educated after taking the course.
I Will Help You Throughout The Course!
At any point during the course if you are confused or need clarification, send me a message! I’m here to help YOU the student, and I love interacting with you. I’ve been in accounting & finance over 20 years and can most likely answer your question.
I have also included a copy of my ebook “Fund Your Startup by Chris Benjamin” which you will find as a download in the last lecture. Learn your options for funding, where to find investors, how to wow them, and lastly the must do steps to successful funding!
*** CLICK “BUY NOW” AND LEARN FINANCE & ACCOUNTING EASILY FROM AN ACCOUNTING EXPERT ***
About The Instructor
Chris Benjamin, MBA & CFO is a seasoned professional with over 25 years experience in accounting and finance. Having spent the first 10 years of my career in corporate settings with both large and small companies, I learned a lot about the accounting process, managing accounting departments, financial reporting, external reporting to board of directors and the Securities and Exchange Commission, and working with external auditors.
The following 10+ years I decided to go into CFO Consulting, working with growing companies and bringing CFO level experience to companies. I help implement proper best business practices in accounting and finance, consult on implementation of accounting systems, implementing accounting procedures, while also still fulfilling the CFO roll for many of my clients which includes financial reporting, auditing, working with investors, financial analysis and much more.
Thank you for signing up for this course on Udemy. I look forward to being your instructor for this course and many more!
Chris Benjamin, Instructor, CFO & MBA
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Section 2 WorksheetA worksheet which the student should print out before reviewing the section. Contains important terminology, a section for notes, 3 questions related to the section, and an area to write down questions to ask the teacher. -
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TerminologyThe common accounting and finance terms used in the business world are discussed and defined.
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Debits & CreditsThe fundamentals of accounting are debits and credits. Learn the typical classification of financial report items, experience some examples and also learn when the debits and credits may reverse.
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AssetsA discussion about current and long term assets and the defining features of each.
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LiabilitiesThe liability section of the Balance Sheet is discussed, breaking out current and long term liabilities, the types of sub categories that fall under these headings, and what type of transactions would be considered liabilities.
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EquityA discussion of the multiple line items in the Equity section of a balance sheet, how the P&L is tied to the Equity Section through Retained Earnings, how to classify company buy-back of stock, and what the Equity section represents to owners.
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Revenue & Cost of RevenueA discussion of the types of revenue, how it is generated, and the associated direct costs whether they are goods or services.
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ExpensesA discussion of the classification of expenses, how they are usually broken out on a financial statement, and other possibilities for major groupings of expenses beyond the standard ones.
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Accounting for Fixed & Intangible AssetsA discussion about fixed assets, intangible assets, and how to properly depreciate and amortize the cost of them over their useful life.
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Section 3 WorksheetA worksheet which the student should print out before reviewing the section. Contains important terminology, a section for notes, 3 questions related to the section, and an area to write down questions to ask the teacher.
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Introduction to Cost AccountingAn introduction to cost accounting, its purpose, and its components.
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Direct LaborA description of what is direct labor, how it is calculated and how it is applied to the total cost of a finished good, along with a few examples.
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Direct MaterialsA discussion of direct materials, how the costs are determined as well as standard costing for materials.
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Overhead & Indirect CostsA discussion of what are overhead costs, how to accumulate them and how to then allocate them as part of cost accounting.
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Inventory AccountingA discussion of how inventory moves through the system and balance sheet, how to best track it, and how to verify your physical inventory to your accounting software count.
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Summary of Inventory AccountingA simple summary of cost accounting - 3 major areas of input create the final cost for the finished good.
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Section 4 WorksheetA worksheet which the student should print out before reviewing the section. Contains important terminology, a section for notes, 3 questions related to the section, and an area to write down questions to ask the teacher.
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Balance Sheet PreparationA description of how to prepare a balance sheet, the header, sections and what periods to compare.
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Income Statement PrepartionA discussion of the income statement, the sections included, and how to best present the report.
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Statement of Cash Flows PreparationA discussion of how to prepare a statement of cash flows, the main categories, the types of transactions which would impact the statement of cash flows, and some best business practices.
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Statement of Equity PreparationA discussion of the Statement of Equity, how to prepare, the main sections, and its purposes.
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Sample of Completed Financial StatementsSample financial statements for a public company. The sample is from BSQR (Bsquare Corporation) which can be found on the Securities and Exchange Commissions website under the EDGAR system, where all public companies file their reports and financials. Note that BSQR has both service and software sales, much like the examples in the course.
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Section 5 WorksheetA worksheet which the student should print out before reviewing the section. Contains important terminology, a section for notes, 3 questions related to the section, and an area to write down questions to ask the teacher.
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Balance Sheet AnalysisA discussion of the sections of the Balance Sheet, how to think of them from an analysis perspective, and various ratios you can use to interpret the numbers.
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Income Statement AnalysisA discussion of how to analyze an Income Statement section by section, as well as using ratios to analyze.
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Statement of Cash Flow AnalysisA discussion of how to use the information on the Statement of Cash Flow for analysis as well as what ratio analysis can be performed.
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Summary of Financial RatiosA list of common financial statement analysis ratios.
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Section 6 WorksheetA worksheet which the student should print out before reviewing the section. Contains important terminology, a section for notes, 3 questions related to the section, and an area to write down questions to ask the teacher.
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How to Hire an Audit FirmA discussion of what to consider and how to go about hiring an audit firm.
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From the Auditors PerspectiveA discussion of how a company audit works from the auditors perspective, their requirements and what their job is as independent auditors.
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The Audit ProcessA discussion of how a typical audit engagement works, the items requested, as well as both onsite and post audit information.
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Sample Prepared by Client List
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Sample Auditor LetterA sample of an audit letter issued after the auditor has completed.
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Section 7 WorksheetA worksheet which the student should print out before reviewing the section. Contains important terminology, a section for notes, 3 questions related to the section, and an area to write down questions to ask the teacher.
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Waterfall ReportsA discussion of the Waterfall Report and its uses in startup and small businesses
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Review of Waterfall Report -
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Sample Waterfall ReportSample of a Waterfall report, showing the original budget line, along with a revised line for January after the actual results have come in. This allows for you to see how you revised each months forecast based on actual results. This cascades downwards for each subsequent month.
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Budget to Actual ResultsAn overview of a budget vs. actual report, its purpose and the format.
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Review of Budget to Actual
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Sample Budget to ActualA sample comparison of actual results to the budget, along with the variance shown.
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Section 8 WorksheetA worksheet which the student should print out before reviewing the section. Contains important terminology, a section for notes, 3 questions related to the section, and an area to write down questions to ask the teacher.
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Budgeting General ConceptsA discussion of budgeting concepts to consider when building a budget.
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AssumptionsA discussion of how to build a proper Assumptions tab & link it to the financials you are building in your budget or forecast.
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Income Statement ForecastingA discussion of the best business practices when doing an income statement forecast and what logic to build into each section on the report.
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Balance Sheet ForecastingA discussion of how to forecast the Balance Sheet.
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Statement of Cash Flow ForecastingA discussion about the proper way to forecast a Statement of Cashflow.
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Review of Forecast
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Sample ForecastA sample financial model, with each tab broken out as its own PDF file. This would be a typical forecast/model that includes a central Assumptions Tab, with all other financial reports being driven by the assumptions. Note that this forecast was done for 3 years.
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Section 9 WorksheetA worksheet which the student should print out before reviewing the section. Contains important terminology, a section for notes, 3 questions related to the section, and an area to write down questions to ask the teacher.
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Where to BeginA discussion of where to begin the process to raising capital for your company, what documents to prepare and where to think about looking for potential investors.
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How to Determine ValuationA discussion about the methods to calculate valuation, how each of them works, and what is best for a small business or startup.
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Sample of a Valuation ReportA sample valuation done for a company to show possible investors what the companies estimated valuation was.
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Avenues to Potential InvestorsA discussion of different ways to find potential investors, as well as a discussion of pitfalls to avoid.
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The Investment ProcessA discussion of the process which is typical to raise capital from start to finish.
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The Investment Process Overview
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Presenting to InvestorsA discussion of best business practices when presenting to potential investors, as well as some potential pitfalls to avoid.
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Investor Presentation TemplateThe most important slides to include in your investor presentation
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Term SheetsA discussion of Term Sheets, what standard terms are usually included, things to watch for, and recommendations on how to negotiate a term sheet.
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Term Sheet SampleAn example of a full Term Sheet used by investors.
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Post-Funding: What to ConsiderA discussion of what to consider after your company receives funding. Board meetings, additional reporting and the capitalization table are discussed.
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Section 10 WorksheetA worksheet which the student should print out before reviewing the section. Contains important terminology, a section for notes, 3 questions related to the section, and an area to write down questions to ask the teacher.
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Types of Exit StratgiesA summary and introduction of the various exit strategies which will be discussed individually.
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Exit Strategies Overview
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Mergers and AcquisitionsA discussion of what a merger and an acquisition are, when they are most appropriate, and some examples.
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Management Buy OutA discussion of a Management Buyout, how it works and why a company would use this as an exit strategy.
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Secondary MarketsA discussion of what a secondary market is, how they operate, and their purpose in exit strategies.
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Section 11 WorksheetA worksheet which the student should print out before reviewing the section. Contains important terminology, a section for notes, 3 questions related to the section, and an area to write down questions to ask the teacher.
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The Initial Public Offering ProcessAn overview of how the Initial Public Offering process works, the timing, and parties involved.
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IPO Process FlowchartFlowchart of the timing and questions you should ask during the IPO Process
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Costs to Go PublicA discussion of the total costs to take a company public.
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TimelineA discussion of the steps to take a company public and how long a company can expect to spend at each stage.
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What It Means For the CompanyA discussion of the impacts and reasons for going through an Initial Public Offering.
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What it Means For Past InvestorsA discussion of how a company going public impacts previous investors and gives them more flexibility with their investment and potential for exits.
