Great business multimedia courses presented by CIT Small Business Lending.
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Preparing A Balance Sheet
With a properly prepared balance sheet, you can look at a balance sheet at the end of each accounting period and know if your business has more or less value, if your debts are higher or lower, and if your working capital is higher or lower. This course shows you to prepare a balance sheet.
Creating a Profit and Loss Statement
Ask yourself: Exactly how are my products and services affecting my business? How much money am I actually making because of those products and services? An income statement answers these and other financial questions. An income statement tells you and any stockholders how your net assets have increased or decreased. This course shows you to prepare an income statement.
Preparing A Cash Budget
Just as you would not purchase new furniture for your home without enough cash, or at least a solid plan to cover a personal loan from your bank, your business needs the same careful handling of its expenditures. All businesses, no matter what type or size, need to properly develop a plan for their expected cash intake and spending. This plan is commonly known as a cash budget, and will provide you with a blue print of how the business will operate financially.
Managing Your Cash Flow
This course provides a detailed look into the various sections of a cash flow statement. It also describes two methods used to calculate cash flow from operating activities, indirect and direct with examples that will give you an edge when it comes time to prepare a cash flow statement of your own.
Running A Profitable Company This course provides some simple profitability ratios and analytical procedures that can help determine your company's present and futurefinancial standing. With your findings, you can identify company trends and ompare current figures to your business's historical performance.Once this essential data is in hand, you will be able to evaluate your business in relation to your competition and industry norms.
Other sites providing the same courses as well as additional accounting and business tutorials are:
Kutztown University Of Pennsylvania
They have over 90 Online Learning Programs. They are constantly adding more programs. This is one of the largest collection of free, on-demand entrepreneurial training resources available in the United States and is part of their "Success Network". They have Online Learning programs from the SBA, IRS, Small Biz U, Virtual Advisor and custom programs from the Pennsylvania SBDC Network.
Guide to Financial Statements
This is an excellent 45 minute online tutorial on financial statements developed by Baruch's Computing and Technology Center (BCTC) and Kognito Solutions LLC with the cooperation of Baruch's Stan Ross Department of Accountancy