{"id":1288,"date":"2025-09-04T08:00:09","date_gmt":"2025-09-04T07:00:09","guid":{"rendered":"https:\/\/ecourse.uk\/8135\/?p=1288"},"modified":"2025-08-31T14:24:47","modified_gmt":"2025-08-31T13:24:47","slug":"1288","status":"publish","type":"post","link":"https:\/\/ecourse.uk\/8135\/?p=1288","title":{"rendered":"Week 1\/ [4] [CORE]: Business transactions"},"content":{"rendered":"<figure id=\"attachment_1931\" aria-describedby=\"caption-attachment-1931\" style=\"width: 524px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-1931\" src=\"https:\/\/ecourse.uk\/8135\/wp-content\/uploads\/2025\/01\/transaction_iStock-1742121519.jpg\" alt=\"\" width=\"524\" height=\"349\" srcset=\"https:\/\/ecourse.uk\/8135\/wp-content\/uploads\/2025\/01\/transaction_iStock-1742121519.jpg 1254w, https:\/\/ecourse.uk\/8135\/wp-content\/uploads\/2025\/01\/transaction_iStock-1742121519-300x200.jpg 300w, https:\/\/ecourse.uk\/8135\/wp-content\/uploads\/2025\/01\/transaction_iStock-1742121519-1024x683.jpg 1024w, https:\/\/ecourse.uk\/8135\/wp-content\/uploads\/2025\/01\/transaction_iStock-1742121519-768x512.jpg 768w, https:\/\/ecourse.uk\/8135\/wp-content\/uploads\/2025\/01\/transaction_iStock-1742121519-75x50.jpg 75w\" sizes=\"auto, (max-width: 524px) 100vw, 524px\" \/><figcaption id=\"caption-attachment-1931\" class=\"wp-caption-text\">Cashless payment small business lifestyle concept,<br \/>close up hand of client hold smartphone paying coffee order by scanning, unrecognizable barista man preparing payment method technology contactless<\/figcaption><\/figure>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/ecourse.uk\/8135\/?p=1288\/#Overview_of_material_to_be_covered_in_Week_One\" >Overview of material to be covered in Week One<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/ecourse.uk\/8135\/?p=1288\/#Business_transactions\" >Business transactions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/ecourse.uk\/8135\/?p=1288\/#Morag_Shalini_%E2%80%93_elearning_1\" >Morag Shalini &#8211; elearning 1<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/ecourse.uk\/8135\/?p=1288\/#Morag_Shalini_%E2%80%93_elearning_2\" >Morag Shalini &#8211; elearning 2<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/ecourse.uk\/8135\/?p=1288\/#Alternative_presentations\" >Alternative presentations<\/a><\/li><\/ul><\/nav><\/div>\n<h4><span class=\"ez-toc-section\" id=\"Overview_of_material_to_be_covered_in_Week_One\"><\/span><strong>Overview of material to be covered in Week One<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>This week we will start looking at the financial statements of a business, this week &#8211; transactions and the financial position of a business<\/p>\n<hr \/>\n<h4><span class=\"ez-toc-section\" id=\"Business_transactions\"><\/span><strong>Business transactions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>As an introduction to financial statements we\u2019ll start by looking at how some typical transactions entered into when setting up a small business. We&#8217;ll look at an imaginary business being set up in the UK by an individual entrepreneur &#8211; Morag Shalini. We&#8217;ll look at how transactions impact on the business&#8217;s financial position, performance and cash flows. These will demonstrate the duality of business transactions.<\/p>\n<p><strong>There are two elearning resources we&#8217;ll use.<\/strong><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Morag_Shalini_%E2%80%93_elearning_1\"><\/span><strong>Morag Shalini &#8211; elearning 1<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><strong>The first is <a href=\"https:\/\/ecourse.co.uk\/shalini2022\" target=\"_blank\" rel=\"noopener noreferrer\">here<\/a>.\u00a0This will introduce to the Statement of Financial Position of a business, This shows the assets, liabilities and capital of a business as at a point in time.<\/strong><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Morag_Shalini_%E2%80%93_elearning_2\"><\/span><strong>Morag Shalini &#8211; elearning 2<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><strong>The second is <a href=\"https:\/\/ecourse.co.uk\/shaliniltd\" target=\"_blank\" rel=\"noopener noreferrer\">here<\/a>. This second looks at the differences between the Statement of Financial Position of the business as an unincorporated business with what it might have looked like if it had been incorporated as a limited liability company.<\/strong><\/p>\n<p><strong>There are some great quizzes in both these resources to give you formative feedback on your progress.<\/strong><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Alternative_presentations\"><\/span><em>Alternative presentations<\/em><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>If you want to work through Shalini offline the list of transactions is at <a href=\"http:\/\/ecourse.co.uk\/materials\/moragtrans.pdf\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>http:\/\/ecourse.co.uk\/materials\/moragtrans.pdf<\/strong><\/a><br \/>\nand the matrix of transaction effects is at <a href=\"http:\/\/ecourse.co.uk\/materials\/moragtable.pdf\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>http:\/\/ecourse.co.uk\/materials\/moragtable.pdf<\/strong><\/a><br \/>\nand there is a blank matrix if you want to work through the transactions yourself at <strong><a href=\"http:\/\/ecourse.co.uk\/materials\/moragtableblank.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">http:\/\/ecourse.co.uk\/materials\/moragtableblank.pdf.<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Overview of material to be covered in Week One This week we will start looking at the financial statements of a business, this week &#8211; transactions and the financial position of a business Business transactions As an introduction to financial statements we\u2019ll start by looking at how some typical transactions entered into when setting up [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2,3,4],"tags":[],"class_list":["post-1288","post","type-post","status-publish","format-standard","hentry","category-elearning","category-lectures","category-media"],"_links":{"self":[{"href":"https:\/\/ecourse.uk\/8135\/index.php?rest_route=\/wp\/v2\/posts\/1288","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ecourse.uk\/8135\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ecourse.uk\/8135\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ecourse.uk\/8135\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ecourse.uk\/8135\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1288"}],"version-history":[{"count":18,"href":"https:\/\/ecourse.uk\/8135\/index.php?rest_route=\/wp\/v2\/posts\/1288\/revisions"}],"predecessor-version":[{"id":1934,"href":"https:\/\/ecourse.uk\/8135\/index.php?rest_route=\/wp\/v2\/posts\/1288\/revisions\/1934"}],"wp:attachment":[{"href":"https:\/\/ecourse.uk\/8135\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ecourse.uk\/8135\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ecourse.uk\/8135\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}