Course curriculum

  • 1

    Welcome!

    • Welcome

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    • Disclaimer

  • 2

    1.0 Basic Accounting Concepts

    • 1.0 Topic Overview

    • 1.1 What is single and double entry accounting?

    • 1.2 What are assets and liabilities?

    • 1.3 The ALCIE Acronym

    • 1.4 The Accrual Concept

    • 1.5 The Consistency Concept

    • 1.6 The Going Concern Concept

    • 1.7 The Prudence Concept

    • Cheat Sheet (Basic Concepts)

    • Exercise

  • 3

    2.0 Your Profit & Loss Account

    • 2.0 Topic Overview

    • 2.1 What is a Profit and Loss Report?

    • 2.2 What goes into a Profit & Loss

    • 2.3 What looks normal? And what to do if it doesn't?

    • Cheat Sheet (Profit & Loss)

    • Profit and Loss Month End Checklist

    • Exercise

  • 4

    3.0 Your Balance Sheet

    • 3.0 Topic Overview

    • 3.1 What is a Balance Sheet​?

    • 3.2 What does it tell me?

    • 3.3 What looks normal? And what to do if it doesn't?

    • Cheat Sheet (Balance Sheet)

    • Checklist (Balance Sheet)

    • Exercise

  • 5

    4.0 Understanding Debits & Credits

    • 4.0 Topic Overview

    • 4.1 An introduction to Debits and Credits

    • 4.2 Profit & Loss / Balance Sheet: The connection

    • 4.3 'T' Accounts

    • 4.4 Debits and Credits in the Profit and Loss

    • 4.5 Debits and Credits in the Balance Sheet

    • 4.6 How does this help me in business?

    • Cheat Sheet (Debits and Credits)

    • Exercise

  • 6

    5.0 Getting Your Chart of Accounts Right

    • 5.0 Topic Overview

    • 5.1 What is a Chart of Accounts?

    • 5.2 Setting up your Chart of Accounts

    • 5.3 Powerful Profit & Loss Reporting for Sales

    • 5.4 Powerful Profit & Loss Reporting for Costs

    • 5.5 Beautiful Balance Sheet Reporting

    • 5.6 (Bonus) Powerful Profit & Loss Reporting in Xero

    • Cheat Sheet (Set up)

    • Cheat Sheet (P&L Sales)

    • Cheat Sheet (P&L Costs)

    • Cheat Sheet (Balance Sheet)

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