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Using Excel for Accounting
Learn how to use Microsoft Excel for business accountingPreview the first lesson free — get full access to all 26 lessons.
Intermediate Provider : Bob Akbar 10 chapters · 26 Lessons · 2h 37m in Arabic, German, English, Spanish, French, Portuguese, Chinese
Course Description
This course offers an accessible but detailed introduction to using Microsoft Excel to manage business accounts. It explores automation in accounting, and why this is so important for maintaining accurate finances. We’ll discuss recordkeeping for small businesses and corporations, and where to find the necessary resources for each. These lessons discuss different types of business valuation and how to calculate them in Excel. They also look at Financial Statement Analysis and how Excel can make analyzing data quicker and more accurate.
This course provides a detailed introduction to accounting with Excel. We will discuss the evolution and practical applications of automated accounting and explore predictive versus reactive accounting. You will learn the most popular functions and templates to use as well as internationally recognized forms. We will explore small business and corporate recordkeeping, analyze financial statements, and cover supplemental functions.
What You'll Learn
- Automate accounting tasks using Microsoft Excel
- Explain the role of financial statements, including income statements, balance sheets, and statements of cash flows
- Differentiate between small business and corporate recordkeeping
- Calculate business valuations using the market approach and income approach in Excel
- Apply Excel functions and formulas for accountants, including IF-based functions and data filtering
- Analyze financial statements and build data models in Excel
Key Takeaways
- The course provides an accessible but detailed introduction to using Microsoft Excel to manage business accounts.
- Automation in accounting is important for maintaining accurate finances, and the course explores its evolution and practical applications.
- The course covers predictive versus reactive accounting approaches.
- Excel can make analyzing financial statement data quicker and more accurate.
- The course addresses recordkeeping for both small businesses and corporations, including where to find the necessary resources for each.
Frequently Asked Questions
What will I learn in this course?
You will learn how to automate accounting using Excel, explain the role of financial statements, and differentiate small business and corporate recordkeeping. The course also covers business valuation, financial statement analysis, popular Excel functions and templates, and internationally recognized forms.
Does this course cover business valuation?
Yes. The course discusses different types of business valuation and how to calculate them in Excel, including the market approach and the income approach.
What Excel skills are taught for accountants?
The course covers popular functions and templates, IF-based functions such as WhatIF, CountIF, and AverageIF, filtering based upon ranges, importing, exporting, and linking data, creating a data model in Excel, and formulas and calculations for accountants.
Is this course suitable for beginners?
The course offers an accessible but detailed introduction to using Microsoft Excel to manage business accounts, starting with an Introduction and the evolution of accounting with automation.
Does the course address financial statements?
Yes. It explains the role of financial statements and covers income statements, the balance sheet, and the statement of cash flows, along with financial statement analysis using Excel.
