Accounting is a process of identifying, measuring, recording and communicating financial transactions and information about an organisation. Follow this pathway to develop an understanding of the principles of accounting and the core concepts that underpin it.
Watch all the videos and pass the test to obtain a certificate showing your completion of this Pathway. Certificates can be shared directly to your LinkedIn profile and social media accounts.
12 videos • 1 hour 6 minutes
In the second video on this series, Saket outlines the importance of the International Financial Reporting Standards (IFRS), a global set accounting rules that govern the reporting of transactions and other accounting events in the financial statements.
Saket Modi • 05:28
In this video, Saket breaks down the different categories of the balance sheet including assets, liabilities and equity. He also outlines two different ways of presenting the balance sheet, the 'current and non-current' presentation, and the 'liquidity' presentation, and when it is appropriate to use each of them.
Saket Modi • 08:50
The income statement shows an entity’s sources of revenue, expenses incurred and the resulting profit or loss for the period, usually one year. In the fourth video of this series, Saket highlights what is included within the income statement, and the different ways of presenting the information.
Saket Modi • 06:24
In this video, Saket defines and compares the terms controlling and non-controlling interest, and discusses under which circumstances they may arise.
Saket Modi • 04:16
Liquidity ratios are essential indicators of a firm's financial health, they measure the ability of a company to meet its short-term obligations. Saket stresses the importance of this ratio and highlights the calculations of; the current ratio, quick ratio, and the cash ratio.
Saket Modi • 04:02
The Profitability Margin Ratios allow users of the financial statements to assess the profits being generated. Within this video, Saket outlines the benefits of using these ratios, and how we calculate; gross profit margin, EBITDA margin, EBIT margin, and the net profit margin.
Saket Modi • 07:05
Unlock the expertise of over 100 genuine industry leaders
Access courses wherever and whenever, through our cutting-edge platform
All of our content has been created specifically for finance professionals