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Accounting 101: How to read an Accounting Balance Sheet (Udemy.com)

Accounting 101: Non-Accountants' Guide to Accounting. Learn Accounting. Get Paid More, and Get Promoted Faster!

Created by: KayOne Academy

Last updated November 2016

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What you will learn

  • By the end of this course you will understand the three financial statements, and the difference between them.
  • You will be able to read and understand the numbers on any annual report and/or balance sheets.
  • You will also be able to make preliminary assessments of whether a business is doing well or not, based on the financial statements

How it compares

Against the other 200 rated Udemy courses in Accounting on CourseDuck:

  • Rating4.5 out of 5higher than 49% of them
  • Reviews3,337#17 of 201 by number of reviews
  • Length1.8 hoursshorter than 86% of them
  • Last updatedNovember 2016earlier than 95% of them

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Course Description

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Leela Krishna Says:

"...If you are serious about learning the RIGHT things about FINANCIAL STATEMENTS, I would strongly recommend this course. The instructor is very knowledgeable and explained the concepts with great clarity using examples for easy understanding..."

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Marvin Says:

"...So glad I found it here. Wooaahh. Numbers not that hard anymore!!! How I wish I had seen this lecture before. More than worth a penny!!!....

                              _______________________________________________________________________ 

Adam Says:

  "This course makes you a finance literate! Fantastic coverage of financial statements and key aspects of financial management. Recommended." 

                                                        ________________________________________________________________________ 

Millions of people around the world, just like you and me are somehow involved in reading financial numbers. 

Be it your business, your personal finance or your savings, understanding finance is now an essential pre-requisite for business survival and informed decision making. 

Interestingly, the single biggest skill in life that could make or break your financial success is not taught in school. 

Many entrepreneurs run businesses without having a clue on how to read a balance sheet. Business owners are and continue to remain dangerously ignorant of their numbers and the tax laws. 

  • A recent study showed that 55% of small business owners did not review their monthly balance sheets, because they did not understand them.

  • Another survey finds that 83% of small businesses face a serious financial literacy gap.

  • The survey also found that the single reason why most small businesses didn't succeed was the lack of financial literacy skills needed to navigate the obstacles.

This course reveals exactly how you overcome these issues by following the simple steps and tips we give in this course! 

There really is nothing more to do!
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At the end of this course you will be able to: 

  • Understand the business section of any newspaper or magazine, if you don't do so already.

  • Understand the three main financial statements, viz. Balance Sheet, Income Statement and Cash flow and how they are different from each other.

  • Read these financial reports and interpret what the numbers really mean.

  • Throw questions on your financial reports that your accountant has never been asked before!

 
Just follow the simple steps and tips that we reveal.
 
The course will continue to grow and grow with new materials, new examples and new case studies being added every week!   

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  About this course: 

  • Step-by-Step approach to reading financial statements

  • Downloadable case studies and material

  • Full lifetime access to this course and course material


So, why are you waiting? Join me in learning how financial statements are made and what they mean! 

Remember, for every minute that you are waiting, somebody else is getting ahead of you! 

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Instructor Details

KayOne Academy

Do you struggle to understand financial jargons? Are things like ROI, NPV, Balance Sheets giving you nightmares? Are you interested in getting secret insights into the business world?

If the answer to any of these questions is "yes",  KayOne Academy is dedicated to showing you how to quickly learn these, and help you to be the star performer of the year, in your company.

You will become expert in finance and management related topics from scratch, taking our courses. These will not only give you a conceptual understanding, but will also give you a practical hands on experience to make you shine out in the crowd!

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Reviews

4.5

3,337 ratings on Udemy

Select a bar to show only those reviews.Select the bar again to show every rating.

By Shua Mapes on 9/26/2026

I'm moving up in the accounting world and understanding balance sheets and income statements has been holding me back slightly. This course explained in detail how to read and understand them. It didn't answer every question but it answered a lot of them.

By Fara Sylvain on 5/18/2024

My favorite section of this course was from Section 5. He explains the case study very well. I didn't get the examples he used to explain some of the basic concepts; I think someone who has no experience with accounting may not immediately get the connection either (for example the chickens and eggs, and water). Overall, this course was a good reinforcer.

By Gloria on 2/14/2022

Course is OK. I found the most important part was the link between the financial statements, however it was difficult to follow and very fast pace for a beginner to really understand. Screen is too busy to follow the correlation between the statements. Would be helpful to use different color font to follow the bouncing ball.

By Nedunupr on 11/21/2020

the way of explanation is too good, any one can understand, Thanks !

By Lazarus on 11/14/2020

taking this course made me undertand the financial setup and how the investment should work

By Swapnil Alaspure on 11/7/2020

good

By Jeremy alendroit on 11/7/2020

course is quite ok but nobody answer to the questions, and the guy leaves us an email adress to contact him at the end of the course, but the email adress isnt valide anymore, so 2 stars left, bit harsh but i base my critic on the fact that he could have update all that

By Jeremy Perreau on 11/3/2020

course is quite ok but nobody answer to the questions, and the guy leaves us an email adress to contact him at the end of the course, but the email adress isnt valide anymore, so 2 stars left, bit harsh but i base my critic on the fact that he could have update all that

By Shweta Dolwani on 10/27/2020

Practical examples made learning easy and insightful too.

By Jorge Perez Lara on 10/17/2020

I quite like this course so far. Very simple explanations.

By Saratchandra Manohar Kolipaka on 10/6/2020

Now my knowledge improve in to next level in understand the balance sheet, cashflow and Income statement

By Bipanchi Sarma on 10/2/2020

amazing course

Showing 12 of 195 reviews

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Quality Score

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Overall Score : 90 / 100