Financial Accounting - Adjusting Entries

Accounting Instruction

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28 Videos (3h 34m)
    • Financial Accounting Adjusting Entries & Financial Statement

      5:15
    • 1 Accounting Cycle Steps in the Accounting Process

      10:02
    • 2 Types of Adjusting Journal Entries Adjusting Journal Entry

      17:20
    • 3 Adjusting Journal Entry Rules What are Adjusting Journal E

      4:43
    • 3

      11:13
    • 4 Adjusting Journal Entry Thought Process How to Record Adju

      11:13
    • 5 Adjusting Entry Supplies

      5:12
    • 6 Adjusting entry unearned revenue

      4:45
    • 7 Adjusting Entry Wages Payable

      5:27
    • 8 Adjusting Entry Accounts Receivable

      5:21
    • 9 Adjusting Entry Insurance

      6:21
    • 10 Adjusting Entry Depreciation

      5:10
    • 11 Reversing Journal Entries Accrued Revenue

      9:14
    • 11

      10:36
    • 12 Balance Sheet Current Assets from Trial Balance

      4:01
    • 13 Balance Sheet Property Plant %26 Equipment From Trial Balance

      5:18
    • 14 Balance Sheet Liability Section Creation From Trial Balance

      4:01
    • 15 Balance Sheet Equity Section Creation from Trial Balance

      6:27
    • 16 Income Statement from Trial Balance

      9:16
    • 17 Statement of Equity From Trial Balance

      8:56
    • 18 Financial Statement Relationships

      6:17
    • 300

      7:14
    • 300

      6:54
    • 300

      5:48
    • 300

      4:43
    • 300

      6:04
    • 1 Test questions Part 1 Adjusting Entries%2C Adjusted Trial Balance%2C and Creating

      14:51
    • 2 Test questions Part 2 Adjusting Entries%2C Adjusted Trial Balance%2C and Creating

      12:19

About This Class

Adjusting entries, posting adjusting entries to a worksheet, financial statement creation from an adjusted trial balance, and reversing entries will be covered in this course.

In addition to instructional video, this course will include downloadable

•    Downloadable PDF Files

•    Excel Practice Files

•    Multiple Choice Practice Questions

•    Short Calculation Practice Questions

•    Discussion Questions

The PDF files allow us to download reference information we can use offline and as a guide to help us work through the material.

Excel practice files will be preformatted so that we can focus on the adjusting process and learning some of the basics of Excel, like addition, subtraction, and cell relationships.

Multiple choice example question helps us improve our test-taking skills by reducing the information into the size and format of multiple choice questions and discussing how to approach these questions.

Short calculation questions help us reduce problems that have some calculation down to a short format that could be used in multiple choice questions.

Discussion Question will provide an opportunity to discuss these topics with the instructor and other students, a process many students find very helpful because it allows us to see the topic from different viewpoints.

Who will we be learning from?

You will be learning from somebody who has technical experience in accounting concepts and in accounting software like QuickBooks, as well as experience teaching and putting together curriculum.

You will be learning from somebody who is a:

•    CPA – Certified Public Accountant

•    CGMA – Chartered Global Management Accountant

•    Master of Science in Taxation

•    CPS – Certifies Post-Secondary Instructor

•    Curriculum Development Export

As a practicing CPA the instructor has worked with many technical accounting issues and helped work through them and discuss them with clients of all levels.

As a CPS and professor, the instructor has taught many accounting classes and worked with many students in the fields of accounting, business, and business applications.

The instructor also has a lot of experience designing courses and learning how students learn best and how to help students achieve their objectives. Experience designing technical courses has also benefit in being able to design a course in a logical fashion and deal with problems related to technical topics and the use of software like QuickBooks Pro.

Topics include the adjusting process, posting the adjusting entries to a worksheet, creation of the financial statements, and reversing entries.

The adjusting process takes place after normal business transaction have been entered. Adjusting entries help us better understand the accrual process because they deal with timing differences.

We will use a worksheet to record the adjusting process and discuss the components of the worksheet.

Once we have completed the adjusting process we will have an adjusted trial balance representing account balances that are as accurate as possible according to accrual accounting.

We will then use the adjusted trial balance to create the financial statements, converting the debit and credit format of the adjusted trial balance to the plus and minus format of the financial statements.

Please join us for Financial Accounting, Adjusting Entries & Financial Statements.

It will be great.

8

Students

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Projects

Business Accounting