A guide to understand financial statements

C AT E G O R I E : Finance, online accounting courses

The Agile Manager's Guide to Understanding Financial Statements

By Joseph T. Straub
view document online

Contents:
- Who need Financial Statements
- Understand the Income Statement
- Understand the Balance Sheet
- Understand the Cash-Flow Statement
- Financial Analysis: Number-Crunching for Profit
- Inventory Valuation
- Depreciation

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Management Accounting course - fundamentals

C AT E G O R I E : Management Accounting

Management Accounting - Fundamentals of Accounting II

This course present the concept of using accounting in management to make
financial decision.
Chapters:
1: Concepts and Principles
2: Partnerships
3: Corporations
4: Capital
5: Liabilities
6: Consolidation
7: Cash Flow Statement
8: Analysis
9: Managerial Accounting
10: Cost Accounting
11: Budgets
12: Unit Costs
13: Cost-volume-profit
14: Investment Analysis

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Accounting basics definitions

C AT E G O R I E : accounting basics
Basic Accounting Model: Assets = Liabilities + Owners Equity

Assets: The following are examples of items classified as assets:

· Cash
· Notes Receivable
· Accounts Receivable
· Prepaid Expenses
· Land
· Buildings
· Equipment, Furniture and Fixtures

Liabilities: The following are examples of items classified as liabilities:

· Notes Payable
· Accounts Payable
· Accrued Liabilities

T-Account Basics: Accounting is based on a double entry system which means that we record
the dual effects of a business transaction. Therefore, each transaction affects at least two
accounts.

Debit: An entry affecting the left side of a T-Account.

Credit: An entry affecting the right side of a T-Account.

Increases in assets are recorded on the left side (debit) of the account.
Decreases in assets are recorded on the right side (credit) of the account.

Increases in liabilities and owners equity are recorded as a (credit).

Decreases in liabilities and owners equity are recorded as a (debit).

Accounting Terminology Defined:

Account Payable – A liability backed by the general reputation and credit standing of the
debtor.

Account Receivable – A promise to receive cash from a customer for whom goods and/or
services have been provided by the activity.

Accrual Basis Accounting – Accounting that records the impact of a business event as it occurs,
regardless of whether the transaction affected cash.

Accrued Expense – An expense the business has incurred but not yet paid.

Accrued Revenue - A revenue that has been earned but not yet collected in cash.

Adjusting Entry – Entry made at the end of the period to assign revenues to the period in which
they are earned and expenses to the period in which they are incurred.

Asset – An economic resource that is expected to be of benefit in the future.

Book Value of an Asset – The assets cost minus accumulated depreciation.

Cash Basis Accounting – Accounting that records transactions only when cash is received or
paid. This methodology excludes receivables, payables and depreciation in its computation.

Chart of Accounts – List of all the accounts and their account numbers in the ledger.

Current Asset – An asset that is expected to be converted to cash, sold, or consumed during the
next 12 months, or within the business’s normal operating cycle.

Current Liabilities – A debt due to be paid with cash or with goods and services within one year
or within the entity’s operating cycle if the cycle is longer than one year.

Current Ratio – Measures the ability to pay current liabilities with current assets. Therefore,
the ratio calculation is generated by dividing current assets over current liabilities.

Debt Ratio – This ratio measures the ability to pay for both current and long term debts (total
liabilities). This ration is calculated by dividing total liabilities over total assets, and a lower
debt ratio is more desirable than a high figure. As a rule of thumb, a debt ratio below .60 is
considered generally safe while a debt ratio above .80 is considered risky.

Generally Accepted Accounting Principles (GAAP) – Accounting guidelines formulated by the

Financial Accounting Standards Board (FASB) that govern how accountants measure, process
and communicate financial information.

Journal – The chronological accounting record of an entity’s transactions.

Liability – An economic obligation such as a debt payable.

Liquidity – Measure of how quickly an item can be converted to cash.

Matching Principle – The basis for recording expenses this methodology directs accountants to
identify all expenses incurred during the period, to measure the expenses, and to match them
against the revenues earned during that same span of time.

Net Income – Excess of total revenues over total expenses. Also called net earnings or net
profit.

Net Loss – Excess of total expenses over total revenues.

Note Payable – A written promise of future payment.

Note Receivable – A written promise for future collection of cash.

Posting – Copying amounts from the journal to the ledger.

Revenue – Amounts earned by delivering goods or services to customers.

Transaction – An event that affects the financial position of a particular entity and can be
recorded reliably.

Trial Balance – A list of all accounts with their balances taken from the ledger used to ensure
that total debits equal total credits.

Unearned Revenue – A liability created when a business collects cash from customers in
advance of doing work. The obligation is to provide a product or a service in the future. Also
called deferred revenue.

Financial Statements: Represent the manner in which transactions are presenting once they
have been analyzed. The four basic financial statements to become familiar with are the
income statement, balance sheet, statement of owners equity and statement of cash flow.

Income Statement: The income statement represents a summary of an entity’s revenues and
expenses for a specific period of time, such as a month or a year. The income statement also
called the statement of earnings or statement of operations represents a financial picture of
business operations during the period. From a business perspective, one of the most important
pieces of information provided by the income statement is “net income” calculated as
revenues minus expenses. A positive net income indicates that operations for the period were
favorable while a negative net income represents an unfavorable operational position.

Statement of Owners Equity: Represents a summary of the changes that occurred in the entity’s
owners equity during a specific time period, such as a month or a year. Increases to owners
equity arise from investments by the owner and from net income earned during the period.
Decreases result from owner withdrawals and from a net loss for the period. Net income or net
losses come directly from the income statement, and owner investments are capital
transactions between the business and its owner, so they do not affect the income statement.

Balance Sheet: List all of the entity’s assets, liabilities and owners equity as of a specific date,
usually the end of a month or a year. The balance sheet is like a snap shot of the entity and for
this reason it is also called the statement of financial position.

Statement of Cash Flows: Reports the amount cash coming in (cash receipts) and the amount of
cash going out (cash payments, disbursements) during a period of time. The statement of cash
flows shows the net increase or net decrease in cash over a period of time and the cash
balance at the end of the period.

from ACCOUNTING REFERENCE SHEET For Auxiliary & Local Fund Budget doc

2 C O M M E N TA I R E S

Financial Accounting Principles Presentation ppt

C AT E G O R I E : Financial Accounting, online accounting courses

Acct 201 Principles of Financial Accounting

Introduction to financial accounting concepts and principles
by Dr Fred Barbee

The online course contains:

1.Accounting Information for Business Decisions
Publisher's PowerPoint Presentation
2. Accounting Information System
Publisher's PowerPoint Presentation
Professor: Day One
Professor: Day Two
Professor: Day Three
3.Reporting and Preparing Financial Statements
Publisher's PowerPoint Presentation
Professor: Day One
Professor: Day Two
4.Reporting and Analyzing Merchandising Operations
Publisher's PowerPoint Presentation
Professor: Day One
Professor: Day Two
5.Reporting and Analyzing Inventories
Publisher's PowerPoint Presentation
Professor: Day One
Professor: Day Two
6.Reporting and Analyzing Cash and Internal Controls
Publisher's PowerPoint Presentation
Professor: Day One
Professor: Day Two
7. Reporting and Analyzing Receivables and Investments
Publisher's PowerPoint Presentation
Professor: Day One
Professor: Day Two
8.Reporting and Analyzing Long-Term Investments
Publisher's PowerPoint Presentation
Professor: Day One
Professor: Day Two
9.Reporting and Analyzing Current Liabilities
Publisher's PowerPoint Presentation
Professor: Day One
Professor: Day Two
10.Reporting and Analyzing Long-Term Liabilities
Publisher's PowerPoint Presentation
Professor: Day One
Professor: Day Two
Professor: Time Value of Money
11. Reporting and Analzing Equity
Publisher's PowerPoint Presentation
Professor: Day One
Professor: Day Two
12. Reporting and Analyzing Cash Flows
Publisher's PowerPoint Presentation
Professor: Day One
Professor: Day Two
13. Financial Statement Analysis and Interpretation
Publisher's PowerPoint Presentation

Assignments for Acct 201 Principles of Financial Accounting

Practice exams
 5 C O M M E N TA I R E S

Online free accounting Excel worksheet

C AT E G O R I E : accounting, Excel templates, small business

- Free spreadsheet solutions for Small Businesses:

free excel templates downloads from microsheet.com
Include:
Expense Sheet, Time sheet, Invoice Sheet, Budget Sheet, Budget Planner, and
Contact Schedule Manager

- Free Excel worksheets downloads from jaxworks.com

JaxWorks offers free Excel workbooks and spreadsheets for small business

- Free Excel Finance and Accounting Templates (from dotxls.com)

Excel Accounting and Reporting Templates:
Accounts Receivable Aging Workbook
Asset Depreciation Schedule
Billing Statement (Invoice)
Expense Report
Payroll Calculator
Product Sales Sample
Year-End Tax Plan

Business Financial Planning and Financial Statements:

Business Debt Tracker
Business Trip Budget
Event Budget
Expense Budget
Loan Amortization Schedule
Start-Up Capital Estimate
Statement Of Cash Flows
Statement Of Change In Equity
Value Analysis Calculator For Product/Service

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Management Accounting free publications online

C AT E G O R I E : Management Accounting

Statements on Management Accounting

Online documents from The Institute of Management Accountants (IMA)
The publications present the views of IMA regarding management accounting and financial
management issues,
The statements documents contains the following subjects and categories:
*Leadership Strategies and Ethics
- IMA Statement of Ethical Professional Practice
- Managing Cross Functional Teams
- Developing Comprehensive Competitive Intelligence
- Managing Quality Improvements
* Technology Enablement
- Understanding and Implementing Internet E-Commerce
* Strategic Cost Management
- Implementing Activity-Based Costing
- Measuring the Cost of Capacity
- Tools and Techniques for Implementing ABC/ABM
- Implementing Activity-Based Management
- Tools and Techniques for Implementing Target Costing
- Theory of Constraints (TOC) Management Systems Fundamentals
- Implementing Capacity Cost Management Systems
- Designing an Integrated Cost Management System for Driving Profit and Organizational
Performance
- Implementing Target Costing
- Accounting for the Lean Enterprise
* Business Performance Management
- Effective Benchmarking
- Implementing Corporate Environmental Strategies
- Measuring and Managing Shareholder Value Creation
- Tools and Techniques for Implementing Integrated Performance Management Systems
- Implementing Integrated Supply Chain Management for Competitive Advantage
- Tools and Techniques for Implementing Integrated Supply Chain Management
- Lean Enterprise Fundamentals
- Implementing Process Management for Improving Products and Services
- Implementing Automated Workflow Management
- Value Chain Analysis for Assessing Competitive Advantage
- Tools and Techniques of Environmental Accounting for Business Decisions
* Enterprise Risk & Controls
-Enterprise Risk Management: Frameworks, Elements, and Integration
* Practice of Management Accounting
-Definition and Measurement of Direct Material Cost
-Understanding Financial Instruments
-The Accounting Classification of Workpoint Costs
-Redesigning the Finance Function
-Tools and Techniques for Redesigning the Finance Function
-Implementing Shared Service Centers

you can download PDF documents here, you have to fill a Request
Form

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GAAP for Regulated Utilites: Evolution and Impacts

C AT E G O R I E : online accounting articles

Generally Accepted Accounting Principles for Regulated Utilites: Evolution and

Impacts
Authors: David W. Wirick; John J. Gibbons
The National Regulatiry Research Institute
The Ohio State University

Abstract: This article describes the current debate over the ability of regulators to assure the
reasonable probability of collection of deferred costs and provides background materials. It
describes the development of generally accepted accounting principles (GAAP) and their
significant impact on public utility regulation.
Keywords: Generally Accepted Accounting Principles for Regulated Utilities
Contents:
1 The GAAP Debate
The Impact of Regulation on GAAP
The Impact of GAAP on Regulation
The Conflict of Interests
The Current Front
2 The Definition, Hierarchy, and Basic Principles of GAAP
The Definition of GAAP
The Hierarchy of GAAP
The FASB's Conceptual Framework Project
3 The Institutions and the Processes That Establish GAAP
The Roots of the FASB
The Organization of the FASB
The FASB Process
Criticisms of the FASB
Avenues of Access to the FASB
4 Accounting Standards Specific to Regulated Utilities
The Accounting Differences Between Utilities and Unregulated Businesses
5 The Impact of Federal Institutions on Regulatory Accounting
-The Establishment and Role of Standardized Accounts
6 The Role of State Public Service Commissions
-Accounting Values-Regulatory Values
contain also A GLOSSARY OF REGULATORY ACCOUNTING TERMS.
Article in PDF

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Establishing Accounting Principles as Invariants of Financial Systems

C AT E G O R I E : online accounting articles

Establishing Accounting Principles as Invariants of Financial Systems

Naftaly H. Minsky
Department of Computer Science, Rutgers University

Abstract: An enterprise that uses evolving software is susceptible to destructiveand even

disastrous effects caused either by inadvertent errors, or by malicious attacks by the
programmers employed to maintain this software.
It is my thesis that these perils of evolving software can often be tamed by ensuring that
suitable overarching principles are maintained as invariants of the evolution of a given
software system. In particular, it would be invaluable to ensure that a nancial system satis es
the accounting principle of double-entry bookkeeping, throughout its evolutionary lifetime.
We define a concept of evolution-invariant, discuss its usefulness, and show how the above
mentioned accounting principles can be established as such invariants.
Keywords: perils of software evolution, evolution-invariants, law governed interaction,
accounting principles.
PDF article

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Cost Estimating Principles

online accounting articles

C AT E G O R I E :
COST ESTIMATING PRINCIPLES
By Robert I. Carr, Fellow, ASCE

Abstract: Estimates of materials, time, and costs provide information to some construction
decisions in a similar way that financial accounting information provides to others. Financial
statements are required to comply with generally accepted accounting principles, described in
accounting literature to ensure information is accurate and useful to decisions.
This paper suggests general estimating principles that similarly guide good estimating practice.
An estimate must be an accurate reflection of reality. An estimate should show only the level
of detail that is relevant to decisions.
Completeness requires that it include all items yet add nothing extra. Documentation must be
in a form that can be understood, checked, verified, and corrected. Attention must be given to
the distinction between direct and indirect costs and between variable and fixed costs.
Contingency covers possible or unforeseen occurrences. Both the expected value of possible
identified events and the expectation that events will occur that cannot be identified in
advance.
Keywords: estimating, principles, generally accepted, GAEP, construction, cost, cost
engineering, contingency, direct cost, indirect cost, detailed estimate, project overhead
Download PDF article

1 C O M M E N TA I R E S

The role of accounting accruals

C AT E G O R I E : online accounting articles

Accounting earnings and cash flows as measures of firm performance

The role of accounting accruals
Patricia M. Dechow Wharton School, University of Pennsylvania, Philadelphia,
In Journal of Accounting and Economics

Abstract
This paper investigates circumstances under which accruals are predicted to
improve earnings’ ability to measure firm performance, as reflected in stock
returns. The importance of accruals is hypothesized to increase (i) the shorter
the performance measurement interval, (ii) the greater the volatility of the
firm’s working capital requirements and investment and financing activities,
and (iii) the longer the firm’s operating cycle. Under each of these
circumstances, cash flows are predicted to suffer more severely from timing
and matching problems that reduce their ability to reflect firm performance.
The results of empirical tests are consistent with these predictions.
Key words: Capital markets; Accruals; Operating cycle; Timing and matching
problems;Summary measures of performance

Pdf file from Wharton School of the University of Pennsylvania

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Accounting Periods and Methods free document

C AT E G O R I E : online accounting courses

Accounting Periods and Methods

Download PDF
Publication of US Department of the Treasury,Internal Revenue Service

This publication explains the rules for accounting periods and accounting
methods.
It contains:
Accounting Periods
Calendar Year
Fiscal Year
Short Tax Year
Accounting Improper Tax Year
Change in Tax Year
Individuals
Periods and Partnerships, S Corporations, and Personal Service Corporations
(PSCs)
Corporations (Other Than S corporations Methods and PSCs)
Accounting Methods
Cash Method
Accrual Method
Inventories
Change in Accounting Method

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Excel spreadsheets for small business

accounting software, Excel templates, small business

C AT E G O R I E :
THE SMALL BUSINESS ACCOUNTING PACKAGE from zantu.com
Easy to use package of Microsoft Excel spreadsheets built for small businesses
accounting
Ready to use free Excel templates for small business bookkeeping containing a
set of spreadsheets; After entering the weekly details of receipts and payment,
The calculations and analyses will be automatically generated such as:
Cash-flow statements by week and year
The Balance Sheet
The Profit and Loss Account
Sales and Stock summaries
Drawing summary
Fixed Assets Register
Download
zantu.com is no more working

See Excel spreadsheets here: online free accounting Excel worksheet

0 C O M M E N TA I R E S

Accounting documents from Sun Yat-sen University

C AT E G O R I E : online accounting courses

Some basic accounting lessons online from School of Business, Sun Yat-sen
University
Task Team of FUNDAMENTAL ACCOUNTING

direct link for Powerpoint and word documents:

-Lesson 1 Introduction to Accounting ppt (powerpoint ) doc (word)
-Lesson 2 Accounting Transaction and Accounting Equation ppt doc
-Lesson 3 Analyzing and Recording Accounting Transactions ppt doc
-Lesson 4 Adjusting Accounts for Financial Statement ppt doc
-Lesson 5 Completing the Accounting Cycle ppt doc
-Lesson 6 Accounting for Merchandising Activities ppt doc
-Lesson 7 Merchandise Inventories and Cost of Sales ppt doc
-Lesson 8 Accounting Information System ppt doc
-Lesson 9 Financial Statements ppt doc
-Lesson 10 Understanding and Using Financial Statements ppt doc
-Lesson 11 Understanding Accounting Principles ppt doc
-Lesson 12 Internal Control and Business Ethics ppt doc
-Lesson 13 Managerial Accounting Ⅰ: Concepts and Principles ppt doc
-Lesson 14 Managerial Accounting Ⅱ: Applications ppt doc

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How to select the right accounting software for your business?

C AT E G O R I E : accounting software
A good article from the site of the American Institute of Certified Public
Accountants (AICPA) who treat the problem of choosing the right accounting
software.
It contents good advices on how to select the accounting software that match
the needs of your business or comapny and things to consider when making
your choice as cost and steps to follow; It provide also a list of the most
important accounting software:

A Strategy for Finding the Right Accounting Software

By Randolph P.Johnston

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Cash Management: Understanding Cash Flow

C AT E G O R I E : online accounting courses

UNDERSTANDING AND CONTROLLING CASH FLOW

by Ramin C. Maysami
Assistant Professor of Economics
Sangamon State University
Springfield, Illinois
in Financial Management Series from U.S. Small Business Administration
A guide for small business owners to understand cash flow management

Contents:
Accounting Profits Versus Cash Flow
Working Capital Management
The Working Capital Cash Conversion Cycle
Cash and Marketable Securities
Short-Term Credit
Accruals
Accounts Payable
Trade Credit
Shot-Term Loans
Accounts Receivable Financing
Inventory Financing

Download: Word 97 Text PDF

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Free Excel training guide for business users

C AT E G O R I E : accounting software, Business

MBA's Guide to Microsoft Excel free ebook by Stephen L. Nelson
Free guide for business users of Excel, explain how to use Excel as a business calculation tool,
include:
Tutorials on Excel
Excel topics for business users
Financial and business calculations in Excel
Statistics and data analysis, and using the Small Business Finance Manager
Use Excel to build business workbooks
Contents:
Chapter 1: Introduction
Chapter 2: A Quick Primer on Using Excel
Chapter 3: A Quick Primer on Charting
Chapter 4: Statistical Analysis using Excel
Chapter 5: Financial Calculations using Excel
Chapter 6: Excel-based Business Modeling
Chapter 7: Sharing Excel Workbooks
Chapter 8: PivotTables and PivotCharts
Chapter 9: Small Business Financial Manager
Chapter 10: Building a Business Planning Workbook
Chapter 11: Building a Profit Volume and Break-even Analysis Workbook
Chapter 12: Forecasting Sales and Cost of Sales
Chapter 13: Building a Capital Budgeting Workbook
Chapter 14: Building Amortization Schedules
Chapter 15: Building Asset Depreciation Schedules
Starter Workbooks zip file working examples for chap 10 through 15

1 C O M M E N TA I R E S

Finance and accounting Excel free templates

C AT E G O R I E : Finance, online accounting courses

Free Finanacial Excel templates by Stephen L. Nelson

Fixed rate and adjustable rate mortgage amortization templates:

15-year fixed rate mortgage amortization schedule
15-year adjustable rate mortgage amortization schedule
30-year fixed rate mortgage amortization schedule
30-year fixed rate mortgage amortization schedule

Loan amortization templates:

5-year adjustable rate loan amortization schedule
5-year fixed rate loan amortization schedule

Business planning and investment analysis templates:

10-year business planning template (does P&L, cash flow and balance sheet
reports)
10-year cash flow forecasting template (does NPV & IRR calculations)
Future value of an investment using adjustable interest rates
Future value of investment using fixed interest rate
Multifamily property real estate investment analysis template
Profit-Volume-Cost analysis template (also does breakeven analysis)
Sales and cost of goods sold forecasting template

Personal financial planning and analysis templates:

Credit card manager template (calculates payoff of balances and more)
College savings calculator template
Life insurance needs estimator template
Home affordability calculator template
Future value of a savings plan template
Retirement planning calculator template

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Accounting and Bookkeeping documents: free resources

C AT E G O R I E : online accounting courses

Accounting and Bookkeeping photocopiable documents (pdf files)

free resource from osbornebooks.co.uk

AS Accounting
Accounting Documents
Layouts and Ratios
Business Accounts
Accounting Documents
Layouts and Ratios
contents: purchase order, delivery note, goods received note, invoice, credit note statement
of account, remittance advice and cheque, three column cash book, analysed cash book
(receipts), analysed cash book (payments), petty cash book, petty cash voucher, cash analysis
sheet, double-entry accounts, journal pages, sales day book & sales returns day book,
purchases day book & purchases returns day book

Bookkeeping forms and formats:

bookkeeping Documents
contents: account format, petty cash book, petty cash reimbursement request and cheque,
cash book and bank reconciliation statement, cash book formats

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Free Business Online Learning Programs

C AT E G O R I E : Business, Finance, online accounting courses, small business

Business Skills for Success
Online courses from Kutztown University Small Business Development Center
Free entrepreneurial training resources available online. E-Learning Programs for small business
owners, recent owner or start-up.

Trainings contents:
STARTIND AND GROWING A BUSINESS
Finding and Attracting Investors

ACCOUNTING
Accounting 101
Creating a Profit and Loss Statement
Preparing a Balance Sheet
Preparing a Cash Budget

FINANCE
Analyzing Your Financial Ratios
Assessing Your Company's Financial Needs
Creating A Loan Package
Creating Financial Projections
Finding Money To Start A Business
Managing Your Cash Flow
Running a Profitable Company
Valuing a Business

MARKETING
Advertising Your Business
Analyzing Your Competition
Building Your Brand
Conduct a Marketing Analysis
Creating a Competitive Advantage
Small Business Marketing
Market Insight and Research
Marketing 101
Personalization Strategies to Attract and Retain Customers
Positioning Master Class
Pricing Products and Services
Pricing Strategy and Tactics
Promoting Your Business
Targeting Your Market

SALES
Identifying Your Sales Strategy

BUSINESS OPERATIONS AND MANAGEMENT

Creating a Strategic Plan
Maintaining an Agile Company

BUSINESS PLAN WORKSHOPS

Crafting A Business Plan
Developing a Business Plan
Strategic Planning and Execution

GOVERNMENT CONTRACTING
Basics of Government Marketing
MANAGEMENT DEVELOPMENT
Buying A Business
The Entrepreneurial Strategies

LEGACY
Choosing A Legal Structure
Determining Your Company's Legal Structure
Protecting Your Business with Patents, Copyrights, and Trademarks
Understanding Intellectual Property

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Printable Financial documents

C AT E G O R I E : Finance

Financial Documents suitable for Business Courses.

free resource from osbornebooks.co.uk
Business Documents
contents: purchase order, delivery note, goods received note, invoice, credit note, statement
of account, remittance advice, cheque, paying-in slip, hand-written receipt, petty cash
voucher

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Free Accounting package for small business

C AT E G O R I E : accounting software

Headway Millennium Accounting Package

by Stream Line SA
Headway Millennium Accounting Package is a free accounting software designed
for small businesses, but it can also be used by financial companies and
indviduals. The basic version is free of charge.

What you can do with this basic accounting software :

ACCOUNTING ENTRIES
- Standard accounting entries
- Recurrent accounting entries
- On line updating of the chart of accounts for new accounts
- Automatic calculation in the currency of the ledger of
amounts in foreign currencies
BASIC TABLES
- Intermediate closing periods
- Table of currencies and or countries
- Chart of accounts
- Balance sheet
- Class of accounts
EXCHANGE RATES
- Up-dating of exchange rates for each currency by
intermediate closing period
- Automatic computation of exchange differences
TABLE OF VAT (AND OR GST) RATES
- Automatic calculation of the VAT/GST during recording of
accounting entries
- Rates can be defined for VAT/GST either included (TTC)or
(HT)excluded both for purchase or sale
CLOSING OF A LEDGER
- Automatic carry forward of balances from previous to new
fiscal year
- Final closing of a general ledger
- If and when the ledgers of two fiscal years are open,
possibility to record accounting entries in both ledgers
with automatic recalculation of balances of next ledger
LIBRARY
- Storage of unlimited number of balance sheets and or charts
of accounts
- Table of currencies and or countries
- List of companies
- Delete companies
- Delete ledgers
- Save of data
- Recuperation of data
PRINTING OPTIONS:
- Visualization before printing
- Export to Microsoft Excel or Word® (Windows® 2000 minimum)
- All prints can be printed for one or more or all intermediate closing periods
This software is Multi-lingual and is available for 50 languages.

Download for free the basic version

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Cost Management lecture notes

C AT E G O R I E : Management

Cost Management lecture notes and Exercises

by Frank A. DeGeorge
Financial versus Managerial Accounting

Project Costing Systems – Concepts and Design Issues

Cost Accumulation for Job/Shop and Batch Production Operations
Activity-Based Costing Systems

Process costing Standard costing Excel

Managing and Allocating Support Services
Cost Estimation Excel
CVP analysis
Strategic Issues in Making Investment Decisions Excel
Excel Spreadsheets and Exercises

Exercise1 Chapter 3 Chapter 4 Chapter 8 Chapter 8 Author Chapter 16 Chapter

10 Chapter 11 Chapter 14

0 C O M M E N TA I R E S

The accounting information system : accounting cycle

C AT E G O R I E : online accounting courses

Accounting Systems Cycle free course in pdf

by Professor Pearson
Contents:
Accounting terminolgy, double entry, accounting cycle by steps, journals transaction record, trial
balance, adjusting entries, closing entries, inventory accounts .

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Cash flow statement explained: online tutorial

C AT E G O R I E : online accounting courses

free online tutorial explaining the statement of cash flows; one of the main
financial statements with balance sheet, income statement, and statement of
stockholders' equity.
Explanation of Cash Flow Statement by accountingcoach.com
Contents:
Part 1 : Changes In cash flows, Format of the statement of cash Flows, Operating Activities,
Investing Activities, Financing Activities, Balance Sheet Changes, Operating Activities
Adjustments
Part 2 : Story to Illustrate, January Transactions, February Transactions
Part 3 : March Transactions
Part 4 : April Transactions
Part 5 : May Transactions
Part 6 : Depreciation Expense, June Transactions
Part 7 : Disposal of Assets, July Transactions

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Principles of Marketing from knowthis.com

C AT E G O R I E : Marketing
free marketing tutorial with basic concepts from knowthis.com
Contents:
The Basics
Part 1 - About Marketing
Part 2 - Marketing Research
Consumers and Markets
Part 3 - Consumer Buying Behavior
Part 4 - Business Buying Behavior
Part 5 - Targeting Markets
Product
Part 6 - Product Decisions
Part 7 - Managing Products
Distribution
Part 8 - Distribution Decisions
Part 9 - Retailing
Part 10 - Wholesaling
Part 11 - Product Movement
Promotion
Part 12 - Promotion Decisions
Part 13 - Advertising
Part 14 - Managing the Advertising Campaign
Part 15 - Sales Promotion
Part 16 - Public Relations
Part 17 - Personal Selling
Part 18 - The Selling Process
Price
Part 19- Pricing Decisions

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Introduction to Business Studies: online resources

C AT E G O R I E : Business, online accounting courses

Online free courses to download from Think Literacy

Information Technology Applications in Business PDF (221kb) open link
Introduction to Accounting PDF (289kb) open link
Introduction to Business, PDF (512kb) open link
Introduction to Entrepreneurial Studies PDF (329kb)open link
Introduction to Financial Accounting PDF (257kb) open link
Introduction to Information Technology in Business,PDF (528kb) open link
Introduction to Marketing PDF (279kb) open link
Introduction to Retail and Services Marketing PDF (279kb) open link
The Enterprising Person PDF (259kb) open link

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Financial Management Guide for Small Business

C AT E G O R I E : Budgeting, Business, online accounting courses, small business

Basic Guide to Financial Management in Small For-Profit for-profit Businesses

free On-line training program for understanding basic practices in financial management for
for-profit small Businesses.
By managementhelp.org
Contents:
-Basics and Getting Started
Basics of Financial Management
-Activities in the Yearly Accounting Cycle
Bookkeeping, Critical Operating Activities in Financial Management, Financial Statements and
Analysis
-Special Topics
Financing Major Purchases; Survival, Cutting Costs..
-General Resources

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Financial Accounting Principles Lessons online

C AT E G O R I E : Finance, online accounting courses

Principles of financial accounting: Free lessons online

by simplestudies.com
This site help learning accounting basics; it contains some exercises: accounting problems with
solutions
Contents:
Lesson 1 - accounting and its role, accounting information, elements of financial reporting,
fundamental accounting equation, introduction to accounting entries.
Lesson 2 - accrual accounting, events recording under accounting equation, revenues and
expenses, adjusting entries.
Lesson 3 - deferrals, events recording under accounting equation, financial statements
preparation, costs vs. expenses.
Lesson 4 - double-entry accounting system, T-account, debit and credit, closing entries, general
journal records.
Lesson 5 - service vs. merchandising companies, product vs. selling and administrative costs,
perpetual and periodic inventory systems, single- and multistep income statements.
Lesson 6 - allowance and direct write-off methods for bad debts, credit purchases, warranty
obligations, discount notes.
Lesson 7 - inventory cost flow methods (FIFO, LIFO, etc.), sample computations for these
methods and respective financial statements differences, lower of cost or market rule for
inventories.
Lesson 8 - tangible vs. intangible assets, historical cost of assets, depreciation methods,
natural resources and depletion, intangible assets and amortization, goodwill.
Exercises:
Lesson 1: Introduction to Accounting
Lesson 2: Accruals
Lesson 3: Deferrals
Lesson 4: Applying New Techniques
Lesson 5: Merchandising Business
Lesson 6: Advanced Accruals
Lesson 7: Inventories
Lesson 8: Long-term Assets
Problems Solutions
Download lessons: Lecture Problems and Solutions

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Bookkeeping and Accounting Exercises online

C AT E G O R I E : accounting, online accounting courses

Exercises content:
Worksheets exercises
Accounting Principles :
The users of accounting information
The accounting equation
Double-entry for assets and liabilities, revenues and expenses
Balancing accounts and the trial balance
Accruals and prepayments
Accounting concepts and conventions
Financial Accounting :
Control accounts & Suspense accounts
'Final Accounts' section:
Objective assessments: series of multiple-choice tests
Accounting Principles
Financial Accounting
Control accounts & Suspense accounts
Final Accounts section:
- partnership accounts
- manufacturing accounts
- societies accounts

site: Book-Keeping and Accounting Interactive Tutor

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Cash Flow online courses

C AT E G O R I E : Finance, online accounting courses

A list of resources on Biz/ed site relating to Cash Flow:

Theory Explanations and Notes
Cash Flow Simulation
Cash Flow Learning Trail
Investment Explanation - Virtual Bank of Biz/ed
Investment Theories - Virtual Bank of Biz/ed
Sources of Finance Explanation - Virtual Bank of Biz/ed
Sources of Finance Theories - Virtual Bank of Biz/ed
What is Cash?
Liquidity, Investment and Cash Flow

Presentations
Finance and Accounts: Basic Principles
Finance and Accounts: Analysing Accounts

Worksheets & Exercices:

Cash Flow Simulation
Cash Flow Learning Trail: Revision Questions
Cash Flow - Activity
Project Management - Activity
Business Success and Failure 2 - Activity
Insolvency and Bankruptcy - Activity
Break Even Analysis Simulation - Virtual Learning Arcade
Performance Ratio Analysis Simulation - Virtual Learning Arcade
Profit and Loss Account Simulation - Virtual Learning Arcade
Investment Case Study - Virtual Bank of Biz/ed
Sources of Finance Case Study - Virtual Bank of Biz/ed
Investment Analysis Worksheet - Virtual Factory
Investment Appraisal Worksheet - TimeWeb
Between the Sheets
Accounting and Finance

Other Topics:
Low Flying Fares: An End to Cheap, No Frills? - At your Leisure
No Way to Run a Business? - At your Leisure
Business Survival - Problem Based Learning

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