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The Complete Introduction To Accounting and Finance

The Original Course on Accounting & Finance! It's easy once you know the basics. Learn introductory accounting & finance
Instructor:
Chris Benjamin, MBA & CFO
8,161 students enrolled
English [Auto] More
Learn From A Top Rated Instructor Who Has Been Teaching On Udemy Since 2013 and Taught Over 100,000 Students!
Understand Basic Accounting Concepts
Accounting Terminology
Accounting Fundamentals
The Audit Process
The Accounting Cycle
Debits and Credits
Accounts Receivable
Accounts Payable
Forecasting and Budgeting
Interpreting Financial Statements
Balance Sheets
Income Statements
Statement of Cash Flows
Inventory Accounting and Cost Accounting
Waterfall Reporting
How to Raise Funds For Your Business
The IPO Process
Exit Strategies

Are You An Entrepreneur or Small Business Owner?

Does Accounting Seem Overwhelming? 

Do Numbers And Financial Reports Confuse You?

Would You Like To Learn Accounting & Finance in a Fun & Easy Way?

If You Answered “Yes” To Any Of The Above, Look No Further.  This Is The Course For You!

*** Updated in January 2021 with new content! ***

Enroll today and join the 100,000+ successful students I have taught as a Top Rated Udemy instructor!

Three reasons to TAKE THIS COURSE right now:

  1. You get lifetime access to lectures, including all new lectures, assignments, quizzes and downloads I add

  2. You can ask me questions and see me respond to every single one of them thoroughly!  This is an interactive course!

  3. You will are being taught by a professional with a proven track record of success!

  4. Bonus reason: Udemy has a 30 day 100% no questions asked money back guarantee!

Recent review:

Excellent course!
I was looking for an introductory course to accounting and finance as I am an investor in early stage startups, and accounting/finance always seems to be an area which is confusing for founders. Chris Benjamin definitely has used his real world experience and education to create a course which teaches entrepreneurs and startups everything they should know from the start about accounting and finance. Kudos!” – JT Lexington, Maven Capital

What Do You & I Cover In This Course?

This course teaches entrepreneurs, startups and small businesses all things business accounting and entrepreneurial finance related, A to Z.  Starting with an introduction to accounting concepts, we move into financial reports and how to create them, understand them and analyze them.  Bookkeepers, Accountants, CFO’s and Business Owners alike would all benefit from this course. 

Next, we learn about budgeting and forecasting.  Next we discuss growing your company, how to understand and analyze it using non conventional reports. 

After growing your company, we talk about raising capital and what is involved and avenues you can take.  One section is devoted to the initial public offering process and the timing, costs and best business practices involved.

Last, we discuss exit strategies and how to give your investors and yourself a payoff for your hard work.

This course is truly a start to finish of accounting and finance.  At over 12 hours long, I wanted to make sure you will feel empowered and educated after taking the course. 

I Will Help You Throughout The Course!

At any point during the course if you are confused or need clarification, send me a message! I’m here to help YOU the student, and I love interacting with you.  I’ve been in accounting & finance over 20 years and can most likely answer your question. 

I have also included a copy of my ebook “Fund Your Startup by Chris Benjamin” which you will find as a download in the last lecture.  Learn your options for funding, where to find investors, how to wow them, and lastly the must do steps to successful funding!

*** CLICK “BUY NOW” AND LEARN FINANCE & ACCOUNTING EASILY FROM AN ACCOUNTING EXPERT ***

About The Instructor

Chris Benjamin, MBA & CFO is a seasoned professional with over 25 years experience in accounting and finance.  Having spent the first 10 years of my career in corporate settings with both large and small companies, I learned a lot about the accounting process, managing accounting departments, financial reporting, external reporting to board of directors and the Securities and Exchange Commission, and working with external auditors.  

The following 10+ years I decided to go into CFO Consulting, working with growing companies and bringing CFO level experience to companies.  I help implement proper best business practices in accounting and finance, consult on implementation of accounting systems, implementing accounting procedures, while also still fulfilling the CFO roll for many of my clients which includes financial reporting, auditing, working with investors, financial analysis and much more.  

Thank you for signing up for this course on Udemy. I look forward to being your instructor for this course and many more!

Chris Benjamin, Instructor, CFO & MBA

Introduction to the Course

1
Introduction to the Course
Accounting and Finance for Startups introductory video.  Learn about your instructor Chris Benjamin from Rogue CFO Consulting, what topics will be covered, and the goals of the course. 
2
Udemy Course Review System
3
Excel Basics - Formatting, Reports and Charts

Accounting 101

1
Section 2 Worksheet
A worksheet which the student should print out before reviewing the section.  Contains important terminology, a section for notes, 3 questions related to the section, and an area to write down questions to ask the teacher.
2
Terminology
The common accounting and finance terms used in the business world are discussed and defined.
3
Debits & Credits
The fundamentals of accounting are debits and credits.  Learn the typical classification of financial report items, experience some examples and also learn when the debits and credits may reverse.
4
Assets
A discussion about current and long term assets and the defining features of each.
5
Liabilities
The liability section of the Balance Sheet is discussed, breaking out current and long term liabilities, the types of sub categories that fall under these headings, and what type of transactions would be considered liabilities.  
6
Equity
A discussion of the multiple line items in the Equity section of a balance sheet, how the P&L is tied to the Equity Section through Retained Earnings, how to classify company buy-back of stock, and what the Equity section represents to owners. 
7
Revenue & Cost of Revenue
A discussion of the types of revenue, how it is generated, and the associated direct costs whether they are goods or services. 
8
Expenses
A discussion of the classification of expenses, how they are usually broken out on a financial statement, and other possibilities for major groupings of expenses beyond the standard ones. 
9
Accounting for Fixed & Intangible Assets
A discussion about fixed assets, intangible assets, and how to properly depreciate and amortize the cost of them over their useful life.  

Cost Accounting - Inventory

1
Section 3 Worksheet
A worksheet which the student should print out before reviewing the section.  Contains important terminology, a section for notes, 3 questions related to the section, and an area to write down questions to ask the teacher.
2
Introduction to Cost Accounting
An introduction to cost accounting, its purpose, and its components. 
3
Direct Labor
A description of what is direct labor, how it is calculated and how it is applied to the total cost of a finished good, along with a few examples.
4
Direct Materials
A discussion of direct materials, how the costs are determined as well as standard costing for materials. 
5
Overhead & Indirect Costs
A discussion of what are overhead costs, how to accumulate them and how to then allocate them as part of cost accounting. 
6
Inventory Accounting
A discussion of how inventory moves through the system and balance sheet, how to best track it, and how to verify your physical inventory to your accounting software count. 
7
Summary of Inventory Accounting
A simple summary of cost accounting - 3 major areas of input create the final cost for the finished good.

Financial Statement Preparation

1
Section 4 Worksheet
A worksheet which the student should print out before reviewing the section.  Contains important terminology, a section for notes, 3 questions related to the section, and an area to write down questions to ask the teacher.
2
Balance Sheet Preparation
A description of how to prepare a balance sheet, the header, sections and what periods to compare.
3
Income Statement Prepartion
A discussion of the income statement, the sections included, and how to best present the report.
4
Statement of Cash Flows Preparation
A discussion of how to prepare a statement of cash flows, the main categories, the types of transactions which would impact the statement of cash flows, and some best business practices. 
5
Statement of Equity Preparation
A discussion of the Statement of Equity, how to prepare, the main sections, and its purposes. 
6
Sample of Completed Financial Statements
Sample financial statements for a public company.  The sample is from BSQR (Bsquare Corporation) which can be found on the Securities and Exchange Commissions website under the EDGAR system, where all public companies file their reports and financials.  Note that BSQR has both service and software sales, much like the examples in the course. 

Analyzing Financial Statements

1
Section 5 Worksheet
A worksheet which the student should print out before reviewing the section.  Contains important terminology, a section for notes, 3 questions related to the section, and an area to write down questions to ask the teacher.
2
Balance Sheet Analysis
A discussion of the sections of the Balance Sheet, how to think of them from an analysis perspective, and various ratios you can use to interpret the numbers. 
3
Income Statement Analysis
A discussion of how to analyze an Income Statement section by section, as well as using ratios to analyze. 
4
Statement of Cash Flow Analysis
A discussion of how to use the information on the Statement of Cash Flow for analysis as well as what ratio analysis can be performed. 
5
Summary of Financial Ratios
A list of common financial statement analysis ratios.

Audited Financials

1
Section 6 Worksheet
A worksheet which the student should print out before reviewing the section.  Contains important terminology, a section for notes, 3 questions related to the section, and an area to write down questions to ask the teacher.
2
How to Hire an Audit Firm
A discussion of what to consider and how to go about hiring an audit firm. 
3
From the Auditors Perspective
A discussion of how a company audit works from the auditors perspective, their requirements and what their job is as independent auditors. 
4
The Audit Process
A discussion of how a typical audit engagement works, the items requested, as well as both onsite and post audit information. 
5
Sample Prepared by Client List
6
Sample Auditor Letter
A sample of an audit letter issued after the auditor has completed.  

Additional Financial Reporting

1
Section 7 Worksheet
A worksheet which the student should print out before reviewing the section.  Contains important terminology, a section for notes, 3 questions related to the section, and an area to write down questions to ask the teacher.
2
Waterfall Reports
A discussion of the Waterfall Report and its uses in startup and small businesses
3
Review of Waterfall Report
4
Sample Waterfall Report
Sample of a Waterfall report, showing the original budget line, along with a revised line for January after the actual results have come in.  This allows for you to see how you revised each months forecast based on actual results.  This cascades downwards for each subsequent month. 
5
Budget to Actual Results
An overview of a budget vs. actual report, its purpose and the format. 
6
Review of Budget to Actual
7
Sample Budget to Actual
A sample comparison of actual results to the budget, along with the variance shown. 

Budgets and Forecasts

1
Section 8 Worksheet
A worksheet which the student should print out before reviewing the section.  Contains important terminology, a section for notes, 3 questions related to the section, and an area to write down questions to ask the teacher.
2
Budgeting General Concepts
A discussion of budgeting concepts to consider when building a budget. 
3
Assumptions
A discussion of how to build a proper Assumptions tab & link it to the financials you are building in your budget or forecast. 
4
Income Statement Forecasting
A discussion of the best business practices when doing an income statement forecast and what logic to build into each section on the report. 
5
Balance Sheet Forecasting
A discussion of how to forecast the Balance Sheet. 
6
Statement of Cash Flow Forecasting
A discussion about the proper way to forecast a Statement of Cashflow. 
7
Review of Forecast
8
Sample Forecast
A sample financial model, with each tab broken out as its own PDF file.  This would be a typical forecast/model that includes a central Assumptions Tab, with all other financial reports being driven by the assumptions. Note that this forecast was done for 3 years. 

Raising Capital

1
Section 9 Worksheet
A worksheet which the student should print out before reviewing the section.  Contains important terminology, a section for notes, 3 questions related to the section, and an area to write down questions to ask the teacher.
2
Where to Begin
A discussion of where to begin the process to raising capital for your company, what documents to prepare and where to think about looking for potential investors. 
3
How to Determine Valuation
A discussion about the methods to calculate valuation, how each of them works, and what is best for a small business or startup. 
4
Sample of a Valuation Report
A sample valuation done for a company to show possible investors what the companies estimated valuation was.  
5
Avenues to Potential Investors
A discussion of different ways to find potential investors, as well as a discussion of pitfalls to avoid. 
6
The Investment Process
A discussion of the process which is typical to raise capital from start to finish. 
7
The Investment Process Overview
8
Presenting to Investors
A discussion of best business practices when presenting to potential investors, as well as some potential pitfalls to avoid. 
9
Investor Presentation Template
The most important slides to include in your investor presentation
10
Term Sheets
A discussion of Term Sheets, what standard terms are usually included, things to watch for, and recommendations on how to negotiate a term sheet. 
11
Term Sheet Sample
An example of a full Term Sheet used by investors.
12
Post-Funding: What to Consider
A discussion of what to consider after your company receives funding.  Board meetings, additional reporting and the capitalization table are discussed.

Exit Strategies

1
Section 10 Worksheet
A worksheet which the student should print out before reviewing the section.  Contains important terminology, a section for notes, 3 questions related to the section, and an area to write down questions to ask the teacher.
2
Types of Exit Stratgies
A summary and introduction of the various exit strategies which will be discussed individually. 
3
Exit Strategies Overview
4
Mergers and Acquisitions
A discussion of what a merger and an acquisition are, when they are most appropriate, and some examples. 
5
Management Buy Out
A discussion of a Management Buyout, how it works and why a company would use this as an exit strategy. 
6
Secondary Markets
A discussion of what a secondary market is, how they operate, and their purpose in exit strategies. 

Going Public On The Stock Market

1
Section 11 Worksheet
A worksheet which the student should print out before reviewing the section.  Contains important terminology, a section for notes, 3 questions related to the section, and an area to write down questions to ask the teacher.
2
The Initial Public Offering Process
An overview of how the Initial Public Offering process works, the timing, and parties involved. 
3
IPO Process Flowchart
Flowchart of the timing and questions you should ask during the IPO Process
4
Costs to Go Public
A discussion of the total costs to take a company public. 
5
Timeline
A discussion of the steps to take a company public and  how long a company can expect to spend at each stage. 
6
What It Means For the Company
A discussion of the impacts and reasons for going through an Initial Public Offering.
7
What it Means For Past Investors
A discussion of how a company going public impacts previous investors and gives them more flexibility with their investment and potential for exits. 

Conclusion to the Course

1
Course Conclusions
A summary of the goals & objectives completed through the course as well as the instructor Chris Benjamin's contact information. 
2
2020 Update - What's New In The Business For 2020
3
2021 Entrepreneur Trends To Watch
4
Recommended Next Steps
5
What Accounting and Finance Topic Was Most Relevant For You?
6
Bonus Lecture: Any of My Courses Huge Discount AND Free Ebook!

Take ANY and ALL of my other courses at a discount using the Promo Code inside!

You can view and review the lecture materials indefinitely, like an on-demand channel.
Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don't have an internet connection, some instructors also let their students download course lectures. That's up to the instructor though, so make sure you get on their good side!
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8 hours on-demand video
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Access on mobile and TV
Certificate of Completion
The Complete Introduction To Accounting and Finance
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