Students prepare statements relevant to year end accounting processes synthesizing what they have learned in the previous two courses. Specific topics include adjusting entries, closing entries (with a focus on the adjustment to retained earnings), the preparation of an income statement, retained earnings statement, and a balance sheet, and the procedure for recording the four closing entries. Students will also learn how to prepare the post-closing trial balance.
Ce cours fait partie de la Spécialisation Introduction to Financial Accounting: The Accounting Cycle
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Spécialisation Introduction to Financial Accounting: The Accounting CycleUniversité de Californie à IrvineÀ propos de ce cours
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Cours 3 sur 3 dans le
Approx. 10 heures pour terminer
Anglais
Sous-titres : Anglais
Dates limites flexibles
Réinitialisez les dates limites selon votre disponibilité.
Certificat partageable
Obtenez un Certificat lorsque vous terminez
100 % en ligne
Commencez dès maintenant et apprenez aux horaires qui vous conviennent.
Cours 3 sur 3 dans le
Approx. 10 heures pour terminer
Anglais
Sous-titres : Anglais
Offert par
Université de Californie à Irvine
Since 1965, the University of California, Irvine has combined the strengths of a major research university with the bounty of an incomparable Southern California location. UCI’s unyielding commitment to rigorous academics, cutting-edge research, and leadership and character development makes the campus a driving force for innovation and discovery that serves our local, national and global communities in many ways.
Programme de cours : ce que vous apprendrez dans ce cours
2 heures pour terminer
Adjusting Entries & Adjusted Trial Balance
Welcome to the first module of the course! We begin this course at the fifth step of the accounting cycle "Record and Post Adjusting Entries". We will begin by discussing when adjusting entries are required, including a review of the four major categories of adjusting entries. In the module activity you will have the opportunity to record your own adjusting journal entries and prepare an adjusted trial balance.
2 heures pour terminer
4 vidéos (Total 15 min), 2 lectures, 2 quiz
2 heures pour terminer
The Worksheet
Welcome to the second module of the course! In this module we take a quick break from the steps of the accounting cycle to introduce a new tool called the worksheet. By the end of this module, you will be able to create a 10 column worksheet on your own while applying your knowledge of adjusting entries from Module 1
2 heures pour terminer
2 vidéos (Total 6 min), 2 lectures, 2 quiz
2 heures pour terminer
Creating & Analyzing Financial Statements
Welcome to Module 3! In this module we return to the accounting cycle with a singular focus on step 7 "Prepare Financial Statements". By the end of this module you will be able to prepare an income statement, a retained earnings statement, and a balance sheet.
2 heures pour terminer
3 vidéos (Total 8 min), 2 lectures, 2 quiz
2 heures pour terminer
Closing Entries & The Post-Closing Trial Balance
Welcome to the fourth and final module of the course. In this module we complete the final three steps in the accounting cycle. We will start by reviewing the procedure for recording the four closing entries. Then, we will walkthrough the steps of preparing the post-closing trial balance. This brings us to the final step of the accounting cycle, starting the new fiscal year!
2 heures pour terminer
3 vidéos (Total 9 min), 2 lectures, 2 quiz
Avis
- 5 stars73,17 %
- 4 stars14,63 %
- 3 stars9,75 %
- 1 star2,43 %
Meilleurs avis pour COMPLETING THE ACCOUNTING CYCLE
par GW28 janv. 2022
I appreciate this introduction course. I will continue to learn more through other more advance course.
par SR9 juin 2021
This course was a useful and basic introduction to how accounting works.
par ME28 janv. 2022
learnt how to prepare adjusted Trail Balance and Financial Statements ( Net Income ,Retained Earning , Balance sheet) . course also helped me to refresh my Information and increasing Knowledge.
À propos du Spécialisation Introduction to Financial Accounting: The Accounting Cycle
In this hands-on Specialization you will practice completing each step of the accounting cycle within Microsoft Excel, from analyzing and recording the first financial transactions of the year all the way through starting the new fiscal year.
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