Great business multimedia courses presented by CIT Small Business Lending.
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With a properly prepared balance sheet, you can look at a balance sheet at the end of each accounting period and
know if your business has more or less value, if your debts are higher or lower, and if your working capital is higher or lower. This course shows you how to prepare a balance sheet.
Ask yourself: Exactly how are my products and services affecting my business? How much money am I actually making because of those products and services? An income statement answers these and other financial questions. An income statement tells you and any stockholders how your net assets have increased or decreased. This course shows you how to prepare an income statement.
This course provides a detailed look into the various sections of a cash flow statement. It also describes two methods used to calculate cash flow from operating activities, indirect and direct with examples that will give you an edge when it comes time to prepare a cash flow statement of your own.
This course provides some simple profitability ratios and analytical procedures that can help determine your company's present and futurefinancial standing. With your findings, you can identify company trends and compare current figures to your business's historical performance. Once this essential data is in hand, you will be able to evaluate your business in relation to your competition and industry norms.
Just as you would not purchase new furniture for your home without enough cash, or at least a solid plan to cover a personal loan from your bank, your business needs the same careful handling of its expenditures. All businesses, no matter what type or size, need to properly develop a plan for their expected cash intake and spending. This plan is commonly known as a cash budget, and will provide you with a blue print of how the business will operate financially.
Other sites providing additional accounting and business tutorials are:
SCORE is a nonprofit association dedicated to helping small businesses get off the ground, grow and achieve their goals through education and mentorship. They have been doing this for nearly fifty years.
Kutztown University Of Pennsylvania has over 90 Online Learning Programs. They are constantly adding more programs. This is one of the largest collection of free, on-demand entrepreneurial training resources available in the United States and is part of their "Success Network". They have Online Learning programs from the SBA, IRS, Small Biz U, Virtual Advisor and custom programs from the Pennsylvania SBDC Network.
Free, online video series that covers the basics of accounting provided by a-systems.net and Arnold S. Grundvig, Jr.
Easy to understand explantions and examples.
Bean Counting 101 (not associated with my site)
This is an excellent 45 minute online tutorial on financial statements developed by Baruch's Computing and Technology Center (BCTC) and Kognito Solutions LLC with the cooperation of Baruch's Stan Ross Department of Accountancy.
Small Business Learning Center - SBA
This course is designed to provide an overview of accounting.
This free course, Fundamentals of accounting, will introduce you to the essential concepts and skills of bookkeeping and accounting in four weeks.
To start with you will learn about the fundamental difference between bookkeeping and accounting. In Week 1 you will also learn how the purpose of management accounting differs from that of financial accounting. In Week 2 you will gain some practical skills in numeracy, including learning about rearranging simple equations such as the accounting equation. In Week 3 you will gain knowledge and understanding of the fundamental concepts that underpin double-entry accounting. You will also learn the rules of double-entry bookkeeping and how to record transactions in ledger accounts. In the fourth and final week you will learn how to prepare a trial balance and the balance sheet (also known as the statement of financial position). In the final week you will also be introduced to the income statement (also known as the profit and loss statement) and how it fits with the accounting equation and the balance sheet.
When you complete the course you'll receive a free statement of participation to help you to share your achievement.