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Starts 1 July 2025 13:08

Ends 1 July 2025

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Basic Accounting - Developing a Financial Mindset

Unlock the essentials of accounting and cultivate a keen financial mindset by embarking on a practical journey through the lens of a milk tea shop. In this course, offered by XuetangX, participants will gain hands-on experience in interpreting financial statements and analyzing business performance. Empower yourself to make informed, data-dri.
Ningbo City College of Vocational Technology via XuetangX

Ningbo City College of Vocational Technology

334 Courses


Not Specified

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Beginner

Progress at your own speed

Free Online Course

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Overview

If you want to open a milk tea store called Zhong Kou.Then you have to face where to open the store?Do you want to rent or buy the store?Do you want to rent or buy the store?How much will you spend on furniture, computer hardware and software?How will you pay your employees?Do you agree to give credit to people?How much milk tea do you need to sell in order not to lose money?After the success of the business,will you open a branch?Do you need a bank loan?To answer these questions,good relationship and intelligence alone are not enough for you to make a wise decision.You must use financial data and have a financial mindset to make the right decisions.Do you want to know how to manage your money better?How to improve your financial skills and develop healthy financial habits?Are you confident in your ability of financial management?If you are uncertain about the difference between a balance sheet and an income statement,and don't know the difference  between current assets and non-current assets,this course of “Basic Accounting - Developing a Financial Mindset” will provide you with accounting knowledge,enable you to develop a healthier relationship with your finances now and in the future,  and help you establish a financial mindset. This is exactly what you need for your work and life.We put the basic concepts and methods of accounting into the practice of accounting, in order to train you to develop financial mindset in the era of big data through specific business activities and accounting practice.The main goal of this course is to make you understand financial statements and to develop an accounting mindset in the era of big data.It also gives you the specialized skills you need to make decisions when using financial statements.Hold on to the accountant's hand.Financial freedom is just around the corner.Come on,let's dive into the world of accounting together!You're choking, aren't you?Put down your cell phone and come with me.

Syllabus

  • Chapter One Three Different Types of Financial Reports
  • What are the forms of enterprises?
    What are the financial reports of a company?
    Who is paying attention to the company's financial reports?
    Information Quality Requirements for Accounting Statements
    Fundamental Accounting Assumptions
    Accounting Measurement Attributes
    Strength of the Enterprise - Balance Sheet
    Face of the Enterprise - Income Statement
    Daily situation of the Enterprise - Cash Flow Statement
    Requirement for the Quality of Accounting Information
  • Chapter Two About inventory
  • What is inventory?
    How the price of inventory is calculated?
  • Chapter Three How to tell whether an enterprise is making money
  • All about costs
    Cost--Volume--Profit Analysis
  • Chapter Four Two Basic Principles of Financial Accounting
  • Accrual Basis OR Cash Basis
    A customer want to buy on credit, will you agree to it?
  • Chapter Five Analysis of Financial Reports
  • Limitations of the Financial Statements
    Basic Methods of Financial Analysis
    Financial Ratios in Decision-making
    Short-term Solvency Analysis
    Operating Capability Analysis
    Profitability Analysis
  • Chapter Six Talk about Accounting by the Example of Milk Tea Shop
  • Several financial things you need to know about opening a branch shop
    Instantly Understanding Fixed Assets and Low Value Consumables
  • Chapter Seven Account Terms Explanation
  • Account titles and Accounts
    Accounting Entries and Accounting Vouchers
    Accounting books, big data and accounting

Taught by

Wendy


Subjects

Business