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Financial Spreadsheets With Google Sheets

Over 5-weeks, learners will learn about business balance sheets, income statements, cash flows and budgets, while practicing using Google Sheets. Using templates, learners will get a hands-on introduction to accounting terms and formulas.
Colleen Smith
Average rating:
5.0
Number of reviews:
(330)
Star Educator
Class

What's included

5 live meetings
4 hrs 10 mins in-class hours
Homework
1 hour per week. I will provide optional homework to help reinforce terms used during class. I will also provide a one-page notes page for learners and/or parents to review after class.
Grading
Please let me know if you need specific grading for this class.

Class Experience

US Grade 9 - 12
Beginner - Intermediate Level
During this five-week course, students will learn about basic financial statements, including a personal budget and a company's balance sheet, income statement, and cash flow. 

Students will use Google Sheets on their laptop or computer in-order to create each financial statement during class. In order to benefit from this course, students do not have to have used Google Sheets before but should be proficient in using their mouse and keyboard.

𝗪𝗲𝗲𝗸 𝟭: We will begin by creating a basic personal budget. I will define "static" and "cell reference" formulas and then we will discuss the benefits of cell reference formulas. We will then use a budget template and practice using and updating the template.

𝗪𝗲𝗲𝗸 𝟮: We will discuss assets, liabilities, and equity.  We will discuss the uses of a balance sheet and create a balance sheet using a mock company as an example.

𝗪𝗲𝗲𝗸 𝟯: We will create a revenue and expense tracker.  We will discuss how this information is used to create a company's income statement. We will practice linking two spread sheets with formulas. 

𝗪𝗲𝗲𝗸 𝟰: We will look at an income statement and cash flow and discuss the differences and what each tells us.  We will use the cash flow statement to create graphs that show changes over multiple years.

𝗪𝗲𝗲𝗸 𝟱: We'll review and look at real company's examples of the different types of financial statements.


𝗧𝗿𝗼𝘂𝗯𝗹𝗲𝘀𝗵𝗼𝗼𝘁𝗶𝗻𝗴 𝗱𝘂𝗿𝗶𝗻𝗴 𝗰𝗹𝗮𝘀𝘀:
Occasionally, learners may need additional help in completing a task in Google Sheets. I am able to give students the ability to share their screen so that I can see exactly what they are looking at. Usually, this works very well, and I am able to talk them through the task. If the learner is still not able to complete the task, they are able to grant me remote access so that I can complete the task for them. This allows us to move and cover all material in the class.  At the end of class, I will revisit the skipped step and further troubleshoot with the learner.
Learning Goals
Learners will be able to calculate profit and net worth / equity.
Learners will be able to state the purpose of a balance sheet, income statement, cash flow and budget.
learning goal

Syllabus

5 Lessons
over 5 Weeks
Lesson 1:
Personal Budget
 We will begin by creating a basic personal budget. I will define "static" and "cell reference" formulas and then we will discuss the benefits of cell reference formulas. We will then use a budget template and practice using and updating the template. We will discuss what the average American spends in a month. 
50 mins online live lesson
Lesson 2:
Balance Sheet
 We will discuss assets, liabilities, and equity.  We will discuss the uses of a balance sheet and create a balance sheet using a mock company as an example. 
50 mins online live lesson
Lesson 3:
Income Statement
 We will create a revenue and expense tracker.  We will discuss how this information is used to create a company's income statement. We will practice linking two spread sheets with formulas. 
50 mins online live lesson
Lesson 4:
Cash Flow
 We will look at an income statement and cash flow and discuss the differences and what each tells us.  We will use the cash flow statement to create graphs that show changes over multiple years. 
50 mins online live lesson

Other Details

Parental Guidance
Students use Google Sheets for this class. If students use Google Sheets, they will need to access an external website to access Google Sheets: https://docs.google.com/spreadsheets/u/0/?tgif=d Google Suite is on Outschool's approved list of resources for all learners.
Pre-Requisites
A learner does not need financial or Google Sheet experience for this class. However, they should have basic knowledge of using a computer, such as opening a file and using a mouse.
External Resources
In addition to the Outschool classroom, this class uses:
Joined September, 2021
5.0
330reviews
Star Educator
Profile
Teacher expertise and credentials
Bachelor's Degree from Bucknell University
Over the last three years, I have virtually tutored over 1,300 young learners on the Outschool platform. Prior to that, I enjoyed a thirteen-year corporate career, where I used financial statements regularly to make decisions. I hold a Bachelor of Science in Business Administration from Bucknell University.

Reviews

Live Group Course
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$80

for 5 classes
1x per week, 5 weeks
50 min

Completed by 7 learners
Live video meetings
Ages: 14-18
3-8 learners per class

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