Udemy

Platform

English

Language

Accounting & Bookkeeping

Category

Financial Accounting – Subsidiary Ledgers & Special Journals

Subsidiary ledgers for accounts receivable & accounts payable. Special Journals - Sales journal, purchases journal

4.76 (247 reviews)

20894

Students

11.5 hours

Content

Jun 2019

Last Update
$94.99
Regular Price


What you will learn

Subsidiary Ledgers

Special Journals

Sales Journal

Purchases Journal

Cash Receipts Journal

Cash Payments Journal

Excel

Accounting Cycle


Description

We record transactions using special journals and track accounts receivable by customer and accounts payable by vendor using subsidiary ledger. 

We should have a good understanding of debits and credits before this course and we have courses covering debits and credits. We can construct an accounting system where we record every financial transaction using debits and credits in a general journal, posting each journal entry to the general ledger, making the trial balance form the general ledger, and the financial statements from the trial balance. The process of recording every transaction using debits and credits is the process we have used in the past. 

To reduce the amount of data input when using a manual system, we can group transactions by transaction type and create special journals to record them. An accounting system using special journals can reduce data input by limiting the amount data needed to be input for each transaction due to the format of the special journal. Special journals can also eliminate the need to post each transaction to the general ledger. Rather than posting each transaction to the general ledger special journals are added up at the end of the period and one transaction is then posted for the entire period.  

Special journals are typically used in a manual system but understanding them helps any system because it helps to see what components of an accounting system are necessary to all accounting systems, which components can be changed, and when changing the format of the system would be beneficial. Automated systems also often general useful reports in a similar format as the special journals. 

Subsidiary ledgers for accounts receivable and accounts payable are necessary for any system where we make sales on account and purchases on account. In other words, if we make sales and collect money at a later date, we will need to track who owes us money, and if we make purchases and pay at a later date, we will need to track who we owe money to. 

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. 

Content Includes: 

  • Accounts receivable subsidiary ledger
  • Accounts payable subsidiary ledger
  • Special journals
  • Sales journal 
  • Purchases journal
  • Cash receipts journal 
  • Cash payment journal 
  • Accounting Cycle
  • Comprehensive problem
  • Excel
  • Definitions and key term

Screenshots

Financial Accounting – Subsidiary Ledgers & Special Journals
Financial Accounting – Subsidiary Ledgers & Special Journals
Financial Accounting – Subsidiary Ledgers & Special Journals
Financial Accounting – Subsidiary Ledgers & Special Journals

Content

Introduction

Introduction

PDF - Special Journals & Subsidiary Ledgers

2 Special Journals Subsidiary Ledgers

Accounting Comic Break

Accounts Receivable Subsidiary Ledger

PDF - 5 AR subsidiary ledgers D & D new

5 Accounts Receivable AR Subsidiary Ledger Explainedv

Excel Worksheet

Worksheet - Accounts Receivable Subsidiary Ledger 700 Part 1-

700.20 Accounts Receivable Subsidiary Ledger 700 Part 2-Accounting instructions

Multiple Choice Question 1 - Special Journals

Accounting Comic Break

Accounts Payable Subsidiary Ledger

PDF - 6 AP subsidiary ledgers D & D New

6 Accounts Payable AP Subsidiary Ledger

Excel Download

Worksheet - Accounts payable subsidiary ledger

700.10 Accounts payable subsidiary ledger 700 part 2-Accounting%2C Financial

Multiple Choice Question 2 - Special Journals

Accounting Comic Break

Sales Journal

Sales Journal

PDF - 10 Sales Journal Service Company

10 Sales Journal Service Company

Excel Worksheet

Worksheet - Sales Journal

PDF - 20 Sales Journal Merchandising Co

20 Sales Journal Merchandising Co.

Excel Worksheet

5 Worksheet - Sales Journal Inventory

Multiple Choice Question 3 - Special Journals

Accounting Comic Break

Purchases Journal

Purchases Journal

PDF - 30 Purchases Journal Service Company

30 Purchases Journal Service Company

Excel Worksheet

6 Worksheet - Purchases Journal

PDF - 33 Purchases Journal Inventory

33 Purchase Journal Merchandising Co.

Excel Worksheet

Worksheet Purchases Journal

Multiple Choice Question 4 - Special Journals

Accounting Comic Break

Cash Receipts Journal

Cash Receipts Journal

PDF - 40 Cash Receipts Journal

40 Cash Receipts Journal

Excel Worksheet

Worksheet - Cash Receipts Journal

Multiple Choice Question 5 - Special Journals

Accounting Comic Break

Cash Payments Journal

Cash Payments Journal

PDF - 50 Cash Payment Journal

50 Cash Payments Journal Service Company

Excel Worksheet

4 Worksheet Cash Payment Journal

Multiple Choice Question 6 - Special Journals

700 CPA Exam Part 1 Subsidiary ledgers %26 special journals - CPA exam %26 other

Accounting Comic Break

Comprehensive Problem

Comprehensive Problem

Excel Worksheet

Comprehensive Problem Special Journals Part 1

Comprehensive Problem Special Journals Part 2

Comprehensive Problem Special Journals Part 3

Comprehensive Problem Special Journals Part 4

Comprehensive Problem Special Journals Part 5 Adjusting Entries

Comprehensive Problem Special Journals Part 6 Financial Statements

Comprehensive Problem Special Journals Part 7 Closing Process

Multiple Choice Question 7 - Special Journals

Accounting Comic Break

Definitions & Key Terms

Accounts Payable Ledger Definition - What is the Accounts Pa

Accounts Receivable Ledger - What is Accounts Receivable Led

Cash Disbursements Journal - What is Cash Disbursements Jour

Check Register Definition - What is Check Register%3F

Compatibility Principle Definition - What is Compatibility P

Controlling Account Definition - What is Controlling Account

Cost Benefit Principle definition - What is the Cost Benefit Principle%3F

General Ledger Definition What is General Ledger%3F

Purchase Requisition Definition - What is Purchase Requisition%3F

Sales Journal Definition - What is Sales Journal%3F (1)

Subsidiary Ledger Definition - What is Subsidiary Ledger%3F

Multiple Choice Question 8 - Special Journals

Accounting Comic Break



Reviews

S
Soujanya19 May 2020

Instructor was really very good at explaining in detail of each and every bit of the course. I would highly recommend this course to everyone who are looking to learn in depth about the special journals and subsidiary ledgers.

R
Rupasundar10 April 2020

It is very excellent course. it is useful for extend of our knowledge and increasing of our standards.



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1614930

Udemy ID

3/25/2018

Course created date

7/17/2019

Course Indexed date
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