4.15 (19 reviews)
☑ Define accounting
☑ List accounting objectives
☑ List and describe financial statements
☑ Explain the relationship between financial statements
☑ Describe the double entry accounting system
☑ Name and explain the accounting equation
☑ Record financial transactions using the accounting equation
☑ Record financial transactions using debits and credits
☑ Post general journal entries to the general ledger
This course will provide only Excel practice problems, so learners can practice working through problems. Our course entitled “Financial Accounting – Debit & Credits-Accounting Transactions” will also include test questions, presentations, and discussion questions.
Accounting core concepts will be covered, foundational accounting skills needed for all levels of accounting including the accounting terms, the double entry accounting system, and recording transactions using both the accounting equation and debits and credits. These accounting skills are fundamental bookkeeping skills.
These are the accounting fundamentals which most accounting courses spend far too little time on. The better we understand these accounting foundational topics, the better we will do in all accounting concepts.
Like practicing catch or going over those musical scales, practicing the accounting fundamentals is time well spent for beginners as well as experienced accountants. We are never too smart to practice the accounting fundamentals. This course will thoroughly cover the fundamentals and will provide a foundation for learning concepts that limit the likelihood of learning rules that do not always apply.
Financial Transactions Using The Accounting Equation
Worksheet 1 Accounting Equation Cash
Worksheet 3 Accounting Equation Account Payable
Financial Transactions Using Debits and Credits
Prob 4 Debits and Credits Cash
Prob 5 Debits and Credits Accounts Receivable
Prob 6 Debits and Credits Accounts Payable
Financial Transactions Posting to The General Ledger
General Ledger Cash
Prob 8 General Ledger Accounts Payable
Prob 8 General Ledger Accounts Receivable