Accounting and Finance Process Basics - A beginners guide

Birds eye view of the world of Accounting and Finance processes. A short course for sure shot results.

Updated in Oct 23

• Practice tests to test your knowledge  300 Q&A added for O2C and P2P processes.

  
  

• This course will provide a holistic view of the Accounting and Finance processes for a fresher or beginner level.

• Overview of end-to-end processes in Finance

• This course will equip you with the first level information on Accounting and Finance processes.

This course covers:

1. Basics of Accounting and Bookkeeping, Accounting concepts, 3 golden rules of Accounting, Debit and Credit, Cash basis and accrual basis etc.

2. Trial Balance and Errors in Trial balance etc.

3. Financial statements elements and a basic understanding of the flow and presentation of Income statement, Balance Sheet and Cash flow statement. 

4. Introduction to Key concepts like Capex/Opex, Accruals/Prepaid, Provision/Reserves, working capital, Broad categories of ratios, Chart of Accounts etc.

5. Management's assertions of financial statements

6. High level Process overview of key finance processes - Order to Cash, Procure to Pay, Record to Report, Travel expense, Payroll, Fixed Assets, Bank Reconciliation statement. This will give the student an end-to-end perspective of most of the finance processes which a beginner might start working and all these information and learnings will be relatable in a real work environment.

7. Basic accounting journal entries - Simplified into a downloadable resource for offline reading

8. Summary of all the key points of this course into a downloadable resource for offline reading