A guide to understand financial statements

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

Finance and accounting Excel free templates

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

Free Business Online Learning Programs

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

Printable Financial documents

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

Financial Accounting Principles Lessons online

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

Cash Flow online 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

Adopting an accounting system online book

Adopting an Easy-to-Use Accounting System
a guidebook from Smallbusinesstown.com
Contents:
Introduction to Accounting .........................................6
The Accounting Cycle............................................. 16
A) Transaction Occurs............................................ 18
Supporting Documents ................................................................18
B) Transaction Entered in Journal .......................... 23
Cash vs. Accrual Accounting Methods.........................................23
Single & Double-entry Systems of Accounting............................27
Understanding Debits & Credits...................................................28
Making Journal Entries ................................................................31
Common Journal Entries for a Small Business ............................33
MORE Journal Entries for Small Businesses ...............................37
C) Journal Entry Posted to General Ledger ............ 53
The Five Basic Types of Accounts ...............................................53
Setting up a Chart of Accounts ....................................................54
The Traditional Ledger ................................................................71
Making Ledger Entries.................................................................72
The Synoptic Ledger ...................................................................76
D) Trial Balance Prepared ...................................... 78
E) Trial Balance Adjustments Made........................ 80
Types of Adjusting Entries...........................................................80
Completing a Trial Balance Worksheet ........................................82
F) Financial Statements Prepared.......................... 84
Preparing a Balance Sheet ..........................................................85
Preparing an Income Statement ..................................................88
How Detailed Should Financial Statements Be? ..........................90
How Often Should Statements Be Prepared? ..............................90
Rules Regarding Statements in Ledgers......................................91
G) Financial Statements Posted to Ledger.............. 92
H) Books Closed & Prepared for Next Cycle........ 93
Year End Book Closing Procedures.............................................93
Setting-Up an Accounting System .......................... 97
Single-Entry Cash Based Systems ..............................................97
Double-Entry Accrual Based Systems........................................105
Condensed Single-Entry Accounting Systems ...........................114
Envelope Journal Systems ........................................................115
Single-Entry Income & Expense Journal Systems......................116
Commercial Accounting Systems...............................................121
Computerized Accounting Systems ...........................................124
Procedures for Handling Payroll ........................... 129
Basic Payroll Record- Keeping Requirements............................129
U.S. Payroll Record-Keeping Requirements ..............................130
Canadian Payroll Record-Keeping Requirements ......................134
Statement of Earnings and Deductions......................................138
General Accounting Tips ...................................... 141
Glossary of Accounting Terms.............................. 148
FIG. 1 – Trial Balance Worksheet ..............................................151
FIG. 2 – Income Statement........................................................152
FIG. 3 – Balance Sheet .............................................................153
FIG. 4 – Weekly Sales & Cash Report .......................................154
FIG. 5 – Single-entry Cash Based System.................................155
FIG. 6 – Double-entry Accural Based System ............................158

Book in PDF

Financial Management free online courses

Financial Management online courses:
by Financial ManagementTraining Center
Course 1: Evaluating Financial Performance online take exam pdf exe file word - A concise overview of using ratios to evaluate financial performance. Supplemental Material => Excel Workbook (Courses 1 & 2)
Course 2: Financial Planning & Forecasting online take exam pdf exe file word - The basic components of financial planning and forecasting. Supplemental Material => Developing Financial Projections from Public Company Management Systems
Course 3: Capital Budgeting Analysis online take exam pdf exe file word - How to analyze and select long-term investment projects. Supplemental Material => Excel Workbook
Course 4: Managing Cash Flow online take exam pdf exe file word - Basic activities that comprise cash flow management.
Course 5: Managing Risk - The basic steps necessary for managing risk.(To be developed) Supplemental Material => Intro to VAR VAR Risk Models
Course 6: The Management of Capital online take exam pdf exe file word - Capital structures, cost of capital and other related concepts.
Course 7: Mergers and Acquisitions (Part 1) online take exam pdf exe file word - Basic concepts, legal considerations, due diligence, etc.
Course 7: Mergers and Acquisitions (Part 2) online take exam pdf exe file word Financial analysis, valuation of target companies, post merger integration, and anti-takeover defenses.
Course 8: Creating Value through Financial Management online take exam pdf exe file word - Concepts related to value-creation such as Economic Value Added and Value-Based Management.
Course 9: Advanced Concepts in Financial Management - Intellectual Capital, Data Warehousing, etc. (To be developed). Supplemental Materials => Case Study
Course 10: Strategic Planning online take exam pdf exe file word - The basic process and steps for developing a complete strategic plan. Supplemental Materials => Assessment Templates Planning Model (ppt)
Course 11: The Balanced Scorecard online take exam pdf exe file word - Overall understanding of how to develop a Balanced Scorecard. Supplemental Materials => Excel Templates Excel Model PowerPoint Case Study Workshop Project Plan White Paper by Mark Graham Brown
Course 12: Competitive Intelligence (Part 1 Introductory) online take exam pdf exe file word - The basic components of competitive intelligence. Supplemental Material => PowerPoint White Paper by Larry Kahaner
Course 12: Competitive Intelligence (Part 2 Advanced) online take exam pdf exe file - CI Systems, Analytical Models, and other specific techniques.
Course 13: Going Public online take exam pdf exe file word - The basic process for taking a company public through an Initial Public Offering. Supplemental Materials => Timeline Survival Guide Officer Questions IPO Outline Prospectus Example SEC Handbook
Course 14: Activity Based Costing - How to implement Activity Based Costing (To be developed)
Course 15: Creating Value in the Nonprofit Sector online take exam pdf exe file word - Applying value-based management to nonprofit and non-governmental organizations. Supplemental Materials => Logic Model Manual Strategic Planning Manual Social Entrepreneurship from SNPO
Course 16: Financial Modeling - An introduction to concepts associated with financial modeling, including examples using Microsoft Excel. (To be developed)
Course 17: Process Improvement - Fundamental concepts associated with process improvement. (Coming Soon) Supplemental Materials => Analytical Thinking
Course 18: Leadership online take exam pdf exe - A synthesis of best thinking in leadership, including models for developing leadership practices in any organization.
Course 19: Managing Projects - Principles and practices related to project management.

Free short courses in Business Finance

Usefu links containing free short courses in business and finance:
Course 1 - Evaluating Financial PerformanceAsset Turnover Dividend Yield EBITDA Calculation EBITDA Schedule Free Cash Flow - PepsiCo Operating Margin Ratio Sources Return on Equity Calculation Return on Equity Defined Return on Net Assets Z Score
Course 2 - Financial ForecastingBetter Budgets Forecasting Overview Sales Forecast Sales Planning
Course 3 - Capital Budgeting AnalysisAsset Valuation Capital Budgeting Overview Cash Flow Analysis Internal Rate of Return Net Present Value Payback Period
Course 4 - Managing Cash FlowControl Cash Flow Factoring Receivables Managing Cash Flows Positive Cash Flows Tracking Cash Flows
Course 5 - Managing RiskEnterprise Risk Holistic Risk Nature of Risk Understanding Risk
Course 6 - The Management of CapitalCapital Structure Cost of Capital Weighted Avg Cost of Capital Valuing IP
Course 7 - Mergers and Acquisitions (Parts 1 and 2)Adventures in M&A Business Valuation CEO Refresher Quick Overview-1 Quick Overview-2
Course 8 - Creating Value through Financial ManagementEVA Calculation ROI Guide Simple Valuation Value Based Performance Measurement
Course 9 - Advanced Concepts in Financial ManagementGet Smart Intangible Assets Intellectual Capital Knowledge Capital Knowledge Management Managing Intangibles Measuring Intangibles Measuring Intellectual Capital
Course 10 - Strategic Planning Components Create a Strategy Five Good Ideas Strategic Management
Course 11 - Balanced ScorecardBasic Overview Business Scorecard Introduction Metrics Potential Problems Strategic System
Course 12 - Competitive Intelligence (Parts 1 and 2)CEO Roundtable CI Factors CI Programs SWOT Analysis What is CI?
Course 13 - Going Public / Initial Public OfferingsFAQ Glossary Process Questions Terms
Course 14 - Activity Based CostingABC Overview-1 ABC Overview-2 ABC Tool Case Study-ATT Case Study-SunLife Case Study-VW Lean Issues Quick Overview The ABC's
Course 15 - Value in the Non Profit SectorLogic Model Logic Model Examples Need to Know Nonprofit Boards
Course 16 - Financial ModelingCost Model Spreadsheet Model Introduction
Course 17 - Process ImprovementANOVA Balancing Six Sigma-CMM Capability Maturity Model CMM Basics Lean Glossary Lean Manufacturing Terms Misconceptions about CMM Process Mapping Seven Basic Tools T Q M TQM Glossary Z Score
Course 18 - LeadershipConcepts Qualities Self Check Style Survey Working with Others
Course 19 - Managing ProjectsDiscrete Level of Effort Earned Value Mgmt Project Charter Responsibility Assignment Matrix Task Plan Work Breakdown Structure

From: Financial ManagementTraining Center

Finance study guide

Finance study guide
The guide, was developed to help people working in the micro-finance field to obtain basic accounting and financial management skills. It is intended for field and Head Office staff of micro-finance organizations; micro-finance consultants; and members of the donor community who would like to understand how micro-finance organizations report and monitor their activities. The guide comprises a set of seven lessons, each containing questions and exercises for which answers can be found in the accompanying Solutions to Exercises document. Unless you are already familiar with accounting theory, it is suggested that you complete the Accounting guide prior to completing this one.
Lessons

Lesson 1: Principles of Credit - Meeting Client Needs	(en)
Lesson 2: Effective Cost of Borrowing	(en)
Lesson 3: Break-even Analysis	(en)
Lesson 4: Viability of a Microfinance Organization	(en) (en)
Lesson 5: Delinquency Management	(en)
Lesson 6: Cash Flow Management	(en)
Lesson 7: Creating a Budget	(en)

documents

Finance Study Guide - Solutions to Exercises	Solutions	1996	(en)
Finance Study Guide Pre-test	Test questions	1996	(en)
Sample Account Analysis	Course notes	1996	(en)