Fundamentals of Finance Data

Gain basic knowledge about the financial system for beginner level.

Fundamentals of Finance Data

Gain basic knowledge about the financial system for beginner level.
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About the Class

Although this course starts in a very simple way with the business analogy, it moves into deeper functions of languages, character sets, registers, types of memory, etc. Thus this is course an intermediate course. It attempts to give in a short time a foundation needed for participating in a Big Data project. It might be worthwhile to review the contents of this course a few times to ensure understanding.

A companion textbook is available covering most of the topics in hundreds of videos in Conversations with Kip. This course covers topics in Part 2, Chapter 4--Computers, and most of Part 3, particularly Chapter 17--Programming. It can be ordered, either ebook or paperback, here: Balancing Act: A Practical Approach to Business Event-Based Insights

Financial systems can be as simple as a piece of ledger paper and pencil. But most modern systems are much more complex. This course helps lay the foundation for understanding the principles behind how financial systems work. It's ok if you've never used a paper ledger, but having used a spreadsheet and having looked at a checking account or credit card statement would be helpful in understanding these principles.

The course starts with structured versus unstructured data, transactions and events verses balances, measurement concepts, posting, ledgers, attributes for creating balances called the chart of account, step-ups, and basic computer processes like joins and more.

With this background, you'll be ready to perform business analysis or contribute to a financial systems development project.

Author

Kip Twitchell

Financial Systems Expert
My name is Kip Twitchell, and I am the original finsysvlogger–I’m sure I was the first person to vlog about financial systems. I have 30 years of experience in financial systems and financial reporting, over 25 years of that in consulting. I have constructed financial and big financial data analytical and financial systems for Fortune 500...

School

Kip Twitchell's School

Requirements

There are no additional requirements.
This is a free item
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What's Included

Language: English
Level: Beginner
Skills: Accounting, Finance Data, Financial System, Business Analysis, Income Statement
Age groups: All ages
Duration: 1 hour 5 minutes
15 Videos
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