Excel Accounting Problem

Learn How to Create an Accounting Worksheet Using Microsoft Excel from a Certified Public Accountant (CPA)

4.41 (429 reviews)
Udemy
platform
English
language
Other Finance & Economic
category
Excel Accounting Problem
58,725
students
29 hours
content
Dec 2021
last update
$64.99
regular price

What you will learn

How to navigate Microsoft Excel or other computerized spreadsheet like Google Sheets

How to create an accounting system in Excel from a blank worksheet including a general journal, trial balance, general ledger, subsidiary ledgers and more

How to enter journal entries related to common transactions and list the data input forms often used to enter them into accounting software like QuickBooks

How to enter two months worth of data input into our accounting system

How to do two month of bank reconciliations, comparing the process to how accounting software like QuickBooks would accomplish the task

How to enter period end adjusting journal entries

Create financial statements

Why take this course?

This course will walk through a comprehensive accounting problem using Microsoft Excel in a step-by-step process. You may also use another spreadsheet software like Google Sheets.

Learners will learn how to navigate Microsoft Excel as well as how to create a well-designed accounting worksheet, complete with a general journal, trial balance, general ledger, subsidiary ledgers for accounts receivable, accounts payable, & inventory, financial statements and much more.

Excel is a very good tool to learn accounting because it is much more transparent than a database program, like accounting software, QuickBooks being a common example of accounting software.

As we enter transactions into our Microsoft Excel worksheet, we will discuss how the data input would commonly be entered into accounting software like QuickBooks and what data input forms would normally drive the transactions.

The course will start out from a blank Excel Worksheet. We will build the outline for our accounting system from the blank spreadsheet.

For each new step in the process, you will have access to a downloadable Excel Workbook, containing at least two tabs, one with the answer, the new steps being completed, the other starting out where the prior presentation left off.

Therefore, you can complete the entire problem starting from one blank spreadsheet, or you can jump forward in the problem and rework any component of the problem by downloading the related worksheet at that point in the process.

After constructing the outline of our accounting worksheet, the first section will discuss the most common accounting transactions and the data input form often used in accounting software, like QuickBooks, to enter them, common data input forms including invoice, bill, deposit. . .

We will then start our comprehensive problem, constructing a new Excel worksheet and entering beginning balances into it, imagining that we had a prior accounting system which we are now converting to our new accounting system in Excel.

We will then enter two-months worth of data input. When entering the accounting data we will create the journal entry, post it to the trial balance, giving us a good look at which accounts are impacted, post to the general ledger, and make adjustments to any subsidiary ledgers needed.

We will also update the financial statements periodically.

For the second month of operations, we create a bit more complex trial balance, allowing us to calculate both the year-to-date numbers, including both months of data input, and the current period numbers, showing income statement accounts for just the second month of operations.

After entering two months of data input, we will process two bank reconciliations, using mock bank statements. As we construct our bank reconciliations, we will discuss how accounting software often accomplishes this task.

Next, we will adjust our worksheet to enter period end adjusting journal entries as well as reversing entries. For each adjusting entry we will consider the reasons for it and how to set up the accounting system so that our adjusting entries do not mess up the data input process in the accounting department.

After entering the adjusting entries we will construct our financial statements.

Reviews

Al-Amin
August 10, 2023
Am delighted to inform you that I archived a lot from this online course and I encourage others to enroll
Mukisa
April 23, 2023
Indeed. It was a good match for me. I like it due to the fact that I took some excel courses and this would help me advance my knowledge of excel. I also salute you guys for making it free. I just can’t thank you enough ?
Shijey
April 20, 2023
it was a very good experience. The learning is easy and understandable and gives a good knowledge about excel. The teaching is great
Abubakarr
December 13, 2022
The course is of good quality and I love it so much because it 100% practical . My issue is the lecturer is too fast in his explanation.thank you

Charts

Price

Excel Accounting Problem - Price chart

Rating

Excel Accounting Problem - Ratings chart

Enrollment distribution

Excel Accounting Problem - Distribution chart

Related Topics

4358136
udemy ID
10/20/2021
course created date
12/22/2021
course indexed date
Bot
course submited by