School of Commerce: January 2016

Friday 29 January 2016

Debtors Turnover Ratio

https://www.udemy.com/financial-ratio-analysis/#/

Working Capital Cycle

https://www.udemy.com/how-to-get-bank-loan-for-business/#/

Golden Rules of Accounting Introduction

COST ACCOUNTING A COMPREHENSIVE STUDY
If you enjoyed this content, make sure to check full course. Here is a huge discount to get the course only for $10 (Rs.640) only instead of $100 (Rs.6000). Click on the following link to avail discount.
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Welcome to Cost Accounting - A Comprehensive Study Course.
Yes! This is a comprehensive course because you are going to learn all the following in this single course:
a) Basics of Costing Accounting (22 Lectures covering Introduction to Costing, Cost Classifications and Cost Sheet)
b) Material costing (11 Lectures covering covering Basics of Material Costing)
c) Labour Costing (23 Lectures)
d) Overheads Costing (18 Lectures)
e) Standard Costing Techniques (13 Lectures)
f) Standard Costing Variances (17 Lectures)
g) Operating Costing (6 Lectures)
h) Marginal Costing(30 Lectures)
Altogether, you get to access 118 Lectures.
So, how this course is relevant for you?
If you a Professional course student in the line of Finance or Accounting, then you would have Cost Accounting as part of your major subject. This course will explain theory and practical concepts in Cost Accounting which will help you to excel in Academic Examinations.
If you are an Accounting or Finance or Cost Accounting Executive, this course will help you to brush up you basics in Cost Accounting and all the contents have immediate practical relevance and application.
With this course, you will be able to understand
-basic concepts and processes used to determine product costs;
-understand Cost Accounting Statements;
-solve simple case studies.This course is structured in self paced learning style.Video lectures were used for delivering the course content.
All the sections of this are also available as individual courses.
If you aspire to gain strong foundation in Cost Accounting, then this course is for you.
Happy Learning and Best Wishes!
• Category:
Business
What's in the Course?
1. Over 138 lectures and 12.5 hours of content!
2. Understand Basics of Cost Accounting
3. Understand Material Costing
4. Understand Labour Costing
5. Understand Overheads Costing
6. Understand Standard Costing Techniques
7. Understand Standard Costing Variances
8. Understand Operating Costing
9. Understand Marginal Costing
Course Requirements:
1. Basics of Accounting
Who Should Attend?
1. Cost Accounting Students and Executives
2. Accounting Students and Executives
3. Finance Students and Executives
4. MBA Finance Students
5. B.Com., BBA, CA, CMA, CS, CFA, CPA, CIMA Students

Average Collection Period - Debtors Holding Level

FINANCIAL MANAGEMENT – A COMPLETE STUDY
Indepth Analysis through 300+ lectures and case studies for CA / CFA / CPA / CMA / MBA Finance Exams and Professionals

If you enjoyed this content, make sure to check full course. Here is a huge discount to get the course only for $10 (Rs.640) only instead of $125 (Rs.8000). Click on the following link to avail discount.

https://www.udemy.com/financial-management-a-complete-study/?couponCode=YTB

Welcome to one of the comprehensive ever course on Financial Management – relevant for any one aspiring to understand Financial Management and useful for students pursing courses like CA / CMA / CS / CFA / CPA, etc. A Course with close to 300 lectures explaining each and every concept in Financial Management followed by Solved Case Studies (Video), Conversational Style Articles explaining the concepts, Hand outs for download, Quizzes and what not??
------------------------------------------------------------------------------------------------------------------------
This course is about Financial Management. By taking up this course, you will have opportunity to learn the all facets of Financial Management.
Knowledge on Financial Management is important for every Entrepreneur and Finance Managers. Ignorance in Financial Management can be disastrous because it would invite serious trouble for the very functioning of the organisation.
This is a comprehensive course, covering each and every topic in detail. In this course,you will learn the Financial Management basic concepts, theories, and techniques which deals with conceptual frame work. Following topics will be covered in this course
a) Introduction to Financial Management (covering role of CFO, difference between Financial Management, Accounting and other disciplines)
b) Time Value of Money
c) Financial Analysis through Ratios (covering ratios for performance evaluation and financial health, application of ratio analysis in decision making).
d) Financial Analysis through Cash Flow Statement
e) Financial Analysis through Fund Flow Statement
f) Cost of Capital of Business (Weighted Average Cost of Capital and Marginal Cost of Capital)
g) Capital Structuring Decisions (Capital Structuring Patterns, Designing optimum capital structure, Capital Structure Theories).
h) Leverage Analysis (Operating Leverage, Financial Leverage and Combined Leverage)
I) Various Sources of Finance
j) Capital Budgeting Decisions (Payback, ARR, MPV, IRR, MIRR)
k) Working Capital Management (Working Capital Cycle, Cash Cost, Budgetary Control, Inventory Management, Receivables Management, Payables Management, Treasury Management)
This course is structured in self learning style.
It will have good number of video lectures covering all the above topics discussed.
Simple English used for presentation.
Take this course to understand Financial Management comprehensively.
Mandatory Disclosure regarding course contents:
This course is basically a bundle of following courses:
a) Time Value of Money
b) Cash Flow Statement Analysis
c) Fund Flow Statement Analysis
d) Finance Management Ratio Analysis
e) Learn how to find cost of funds
f) Learn Capital Structuring
g) Learn NPV and IRR Techniques
h) Working Capital Management.
If you are purchasing this course, make sure you don't purchase the above courses.
Also note, this course is also bundled in comprehensive course named
Accounting, Finance and Banking - A Comprehensive Study.
So if you are purchasing above course, make sure you don't purchase this course.
• Category:
Business
What's in the Course?
1. Over 305 lectures and 40 hours of content!
2. Understand Basics of Financial Management
3. Understand Importance of Time Value of Money
4. Understand Financial Ratio Analysis
5. Understand Cash Flow Analysis
6. Understand Fund Flow Analysis
7. Understand Cost of Capital
8. Understand Capital Structuring
9. Understand Capital Budgeting Process
10. Understand Working Capital Management
11. Understand Various sources of Finance
Course Requirements:
1. Students can approach with fresh mind
Who Should Attend?
1. Any one who wants to learn Financial Management comprehensively
2. MBA (Finance) students
3. CA / CMA / CS / CFA / CPA / CIMA

Introduction to Working Capital Management

ABC Analysis

Crossing of Cheque and its different kinds

https://www.udemy.com/basics-of-banking/#/

RATIO ANALYSIS - SOLVENCY RATIOS

FINANCIAL MANAGEMENT – A COMPLETE STUDY
If you enjoyed this content, make sure to check full course. Here is a huge discount to get the course only for $10 (Rs.640) only instead of $125 (Rs.8000). Click on the following link to avail discount.
https://www.udemy.com/financial-management-a-complete-study/?couponCode=YTB
Indepth Analysis through 300+ lectures and case studies for CA / CFA / CPA / CMA / MBA Finance Exams and Professionals
------------------------------------------------------------------------------------------------------------------------
Welcome to one of the comprehensive ever course on Financial Management – relevant for any one aspiring to understand Financial Management and useful for students pursing courses like CA / CMA / CS / CFA / CPA, etc. A Course with close to 300 lectures explaining each and every concept in Financial Management followed by Solved Case Studies (Video), Conversational Style Articles explaining the concepts, Hand outs for download, Quizzes and what not??
------------------------------------------------------------------------------------------------------------------------
This course is about Financial Management. By taking up this course, you will have opportunity to learn the all facets of Financial Management.
Knowledge on Financial Management is important for every Entrepreneur and Finance Managers. Ignorance in Financial Management can be disastrous because it would invite serious trouble for the very functioning of the organisation.
This is a comprehensive course, covering each and every topic in detail. In this course,you will learn the Financial Management basic concepts, theories, and techniques which deals with conceptual frame work. Following topics will be covered in this course
a) Introduction to Financial Management (covering role of CFO, difference between Financial Management, Accounting and other disciplines)
b) Time Value of Money
c) Financial Analysis through Ratios (covering ratios for performance evaluation and financial health, application of ratio analysis in decision making).
d) Financial Analysis through Cash Flow Statement
e) Financial Analysis through Fund Flow Statement
f) Cost of Capital of Business (Weighted Average Cost of Capital and Marginal Cost of Capital)
g) Capital Structuring Decisions (Capital Structuring Patterns, Designing optimum capital structure, Capital Structure Theories).
h) Leverage Analysis (Operating Leverage, Financial Leverage and Combined Leverage)
I) Various Sources of Finance
j) Capital Budgeting Decisions (Payback, ARR, MPV, IRR, MIRR)
k) Working Capital Management (Working Capital Cycle, Cash Cost, Budgetary Control, Inventory Management, Receivables Management, Payables Management, Treasury Management)
This course is structured in self learning style.
It will have good number of video lectures covering all the above topics discussed.
Simple English used for presentation.
Take this course to understand Financial Management comprehensively.
Mandatory Disclosure regarding course contents:
This course is basically a bundle of following courses:
a) Time Value of Money
b) Cash Flow Statement Analysis
c) Fund Flow Statement Analysis
d) Finance Management Ratio Analysis
e) Learn how to find cost of funds
f) Learn Capital Structuring
g) Learn NPV and IRR Techniques
h) Working Capital Management.
If you are purchasing this course, make sure you don't purchase the above courses.
Also note, this course is also bundled in comprehensive course named
Accounting, Finance and Banking - A Comprehensive Study.
So if you are purchasing above course, make sure you don't purchase this course.
• Category:
Business
What's in the Course?
1. Over 305 lectures and 40 hours of content!
2. Understand Basics of Financial Management
3. Understand Importance of Time Value of Money
4. Understand Financial Ratio Analysis
5. Understand Cash Flow Analysis
6. Understand Fund Flow Analysis
7. Understand Cost of Capital
8. Understand Capital Structuring
9. Understand Capital Budgeting Process
10. Understand Working Capital Management
11. Understand Various sources of Finance
Course Requirements:
1. Students can approach with fresh mind
Who Should Attend?
1. Any one who wants to learn Financial Management comprehensively
2. MBA (Finance) students
3. CA / CMA / CS / CFA / CPA / CIMA

Fund Flow Statement

Simulation example - CA Final SFM

ADVANCED FINANCIAL MANAGEMENT If you enjoyed this content, make sure to check full course. Here is a huge discount to get the course only for $10 (Rs.640) only instead of $100 (Rs.6000). Click on the following link to avail discount. https://www.udemy.com/advanced-financial-management-a-comprehensive-study/?couponCode=YTB Welcome to this course on Advanced Financial Management - A Comprehensive Study. In this course you will be expose to the advanced concepts of Financial Management covering a) Mergers and Acquisitions. b) Capital Market Instruments c) Advanced Capital Budgeting Techniques. d) Risk Analysis in Capital Budgeting e) Sensitivity and Scenario Analysis in Capital Budgeting f) Leasing g) Basics of Derivatives. h) Portfolio Management - Quantitative Techniques. i) Dividend Decisions. The above topics were also available as separate courses. By taking this course, you need not take the separate courses taught by me in the above names. This course is structured keeping Professional course students in mind like CA / CPA / CFA / CMA / MBA Finance, etc. This course will equip you for approaching those professional examinations. This course is presented in simple language with examples. This course has video lectures (with writings on Black / Green Board / Note book, etc). You would feel you are attending a real class. This course is structured in self paced learning style. You would require good internet connection for interruption free learning process. You have to go through the videos leisurely to grab the concepts with clarity. Take this course to gain strong hold on Advanced Concepts in Financial Management. • Category: Business What's in the Course? 1. Over 143 lectures and 16.5 hours of content! 2. Understand Mergers and Acquistions. 3. Understand Advanced Capital Budgeting Techniques 4. Understand Risk Analysis in Capital Budgeting 5. Understand Sensitivity and Scenario Analysis in Capital Budgeting 6. Understand Leasing 7. Understand Dividend Decisions 8. Understand Basics of Derivative Instruments 9. Understand Portfolio Management - Quanitative Techniques Course Requirements: 1. Basic knowledge in Financial Management 2. Basic Knowledge in Accounting Who Should Attend? 1. Professional Course students taking up courses like CA / CPA / CMA / CFA / CIMA / MBA Finance 2. Finance Professionals

CURRENT RATIO - CONVERSATION BETWEEN MANU AND VINU

MANU		CONVERSATION BETWEEN MANU AND VINU ABOUT CURRENT RATIO	VINU

Manu	Vinu! You are looking very angry. What happened?
Vinu	Manu! I am sick of our Bankers! They denied working capital loan to our company by just quoting one ratio.
Manu	What was that Vinu?
Vinu	They said our current ratio is very low and so they are not interested in funding our company.
Manu	Ohhh…..
Vinu	How can they talk like that? That too just by looking at single ratios? Unfair!!!!
Manu	Vinu! Don’t blame the bankers. They are just agents of public. If they are quoting a particular ratio as the main reason to deny the loan, then it sounds very serious. i.e., your company has to work on certain things very seriously now.
Vinu	Our company has long years of experience and presence in the market. I don’t see any problem with our company.
Manu	No Vinu! If Banker is not happy with your financial ratio, then your company should seriously work on it. Because, all most all the companies in the country or for that matter, in the world, works predominantly with Bankers funds. So, if a Banker is not satisfied with your financial ratios, then you have not equipped to the expectation of the major stake holder. This will affect the future direction of the company. You may not get timely fund and you may not be able to grow!!
Vinu	I agree Manu!
Manu	Moreover, bank funds are supposed to be the cheapest funds in view of its tax benefits. So you have to work on it.
Vinu	Ok! Tell me where we should work on?
Manu	First tell me that ratio, which bankers are not comfortable with.
Vinu	It is our Current Ratio of 0.87.
Manu	My Goddd…..I fully support that banker.
Vinu	Why????
Manu	You are in a Financial mess now. How can you expect a banker to support you at this stage?
Vinu	Can you explain clearly?
Manu	Vinu. Your current ratio is 0.87
Vinu	Yes
Manu	It is at its dangerous level. Do you know how current ratio is calculated?
Vinu	Yes! Very simple Current Ratio = Current Asset / Current Liability
Manu	Yes! Calculation is very simple. But implications are very serious.
Vinu	What’s wrong with our ratio?
Manu	Your ratio is 0.87 It means, -for every Re.1 of Current Liability (short term liabilities), -you have Re.0.87 of Current Assets (short term resource)
Vinu	What’s problem in that?
Manu	It is the problem. Your liability is Re.1 and for paying that liability you have only Re.0.87 with you. On the face, you don’t have sufficient money to pay even Re.1 fully. You are short by Re.0.13. Then how you will be able to pay the banker in Crores. This ratio says, you have borrowed more and you don’t have adequate cash resources to pay back. This also would mean, some short term creditors are angry with you, because you don’t have adequate cash, and so they may file case against your company for non payment! This may go even go up to liquidation of company through court order!
Vinu	My Goddd…..…Is it so serious? So do you mean to say, we should have current assets matching current liability?
Manu	If you have current assets = current liability, your current ratio will be 1:1. But still banker will not be happy
Vinu	But why?
Manu	Because, sometimes, certain current assets will not be available for paying of your liabilities immediately
Vinu	Like?
Manu	Like Inventory, delayed debtors, etc.
Vinu	So?
Manu	So, banker will be expecting you to have more current assets. It means, you will have more resources to pay off your liabilities.
Vinu	Ok!

Manu	Only when you have more resources and less liabilities, your liquidity position is said to be comfortable!
Vinu	Yes! Now I understand, why our current ratio is very low? We purchased all most all our products on credit. So we had high level of Creditors. This had inflated the current liability. Since we purchased everything on credit, we had surplus cash, which we have invested in fixed assets which will take some more time break even and come back to us through profits.
Manu	Since you have converted your cash into fixed assets, your current asset level also have come down. On one side, your current liabilities have gone up and on the other side, your current assets have come down. Lower numerator and higher denominator has resulted in very low ratio for your company.
Vinu	Yes Manu!
Manu	It means, your company should be facing difficulty in making payments like salary, creditors, is it not?
Vinu	Yes Manu L
Manu	It is because, you have sourced lot of short funds (creditors) and in turn used them for long term purposes. You cash got locked in Fixed Assets which will not come back to you in short cycle. But your creditors will start asking for payments. So whatever cash realised will go to them and eventually it will affect even the salary payment.
Vinu	True!
Manu	These are the very common implications of lower current ratio which that banker had identified just looking at the number of 0.87. If the ratio is less than 1.00, we can presume all the above.
Vinu	So, how a current ratio should be?
Manu	Current asset should be greater than current liabilities. Theoretically, 2:1 is considered as ideal current ratio. But Banker will be happy, if your current ratio is at least 1.33
Vinu	What is that 1.33?
Manu	It means, for Every Re.1 of Current Liability, you should have Re.1.33 of Current Assets!
Vinu	I understood that! But what’s special in that?
Manu	You calculate the proportion of current liability to current assets at that level
Vinu	Current liability – 1.00 Current assets – 1.33 Current liability (1/1.33) is 75% of Current Assets.
Manu	Yes! Exactly. At current ratio of 1.33, you are funding 75% of current assets through current liability. It automatically conveys something else.
Vinu	Hmmm?? Remaining 25%?
Manu	Yes! It means remaining 25% is funded by ………..
Vinu	By???
Manu	What is known as ‘NETWORKING CAPITAL’
Vinu	Yes. Current Assets – Current Liability = Net Working Capital
Manu	True! So when your ratio is 1.33, it means, you are contributing 25% to your business through Net Working Capital and it is the least expectation of any banker. i.e., Bankers are ready to fund 75% for Working Capital, provided Owner contributes at least 25% of funds and it is demonstrated through 1.33.
Vinu	Great….and Thank you Manu! I never thought Current ratio will convey so many things! Thanks again.
Manu	Welcome Vinu!

Author:

CA N Raja, B.Com., PGDBA, FCA

Chartered Accountant

Mob: 07736022001

E-Mail: nrajca@gmail.com

www.udemy.com/u/caraja/

School of Commerce