Financial Accounting – Subsidiary Ledgers & Special Journals

Mastering Special Journals and Subsidiary Ledgers: A Comprehensive Guide to Streamlined Accounting Practices

4.41 (663 reviews)
Udemy
platform
English
language
Accounting & Bookkeeping
category
Financial Accounting – Subsidiary Ledgers & Special Journals
43,366
students
11.5 hours
content
Jan 2022
last update
$79.99
regular price

What you will learn

Identify and explain the role of special journals in simplifying data entry and ledger maintenance in accounting.

Accurately categorize diverse financial transactions and record them in their respective special journals.

Analyze the impact of special journals on reducing general ledger postings and enhancing data management efficiency.

Differentiate between the usage and purpose of accounts receivable and accounts payable subsidiary ledgers.

Develop, maintain, and interpret subsidiary ledgers, improving the understanding of debtor and creditor relationships.

Leverage Excel tools for robust data management, aiding in the analysis of accounting transactions.

Improve problem-solving skills by evaluating complex accounting problems through multiple-choice questions.

Utilize downloadable PDF resources to expand learning beyond course videos, facilitating comprehensive study and review.

Apply course-acquired knowledge and skills to address real-world accounting problems, boosting professional competence.

Why take this course?

In this course, you'll first delve into the understanding and practical utilization of special journals. Special journals are a useful tool for reducing data input and simplifying the accounting process. You'll learn to categorize transactions by type and record them into these specific journals, transforming the way transactions are posted to the general ledger and streamlining the monthly closing process.

Next, you'll explore the significance of implementing accounts receivable and payable subsidiary ledgers, especially in systems where sales and purchases are made on account. These subsidiary ledgers, which keep track of the money owed to and by your business, play a crucial role in efficient account management. You'll learn how to create, maintain, and use these ledgers to enhance your accounting practices, ensuring every penny is accounted for.

The course then moves on to the more specific aspects of accounting, including the navigation of sales, purchases, cash receipts, and cash payments journals. Each of these journals is crucial to the financial health and operational efficiency of any business. You'll gain detailed insights into how each journal functions, how they interact with each other, and how to leverage them effectively in your accounting practices.

We will also have a strong focus on tackling comprehensive accounting problems. We'll walk you through numerous scenarios and case studies, providing hands-on experience in dealing with complex accounting issues. We believe that the best way to learn is by doing, and these problems will give you ample opportunity to practice and apply what you've learned.

Excel essentials for accounting are also a significant part of the course. Given that most accounting tasks today are performed digitally, it's important for every accountant to be comfortable with Excel. We'll cover the basics like addition and subtraction, cell relationships, and then delve into more complex functions and features that can save you hours of work.

Lastly, this course will familiarize you with the key definitions and terminologies used in the field of accounting. Understanding this language is crucial for effective communication in the business world, and for making sense of complex financial documents and reports. This foundation will support all of your future learning and work in accounting.

In essence, this course offers a well-rounded and in-depth study of accounting, taking you from the basic concepts to more complex practices and problems. Whether you're an accounting professional or a student just starting your journey in the field, this course is designed to equip you with the knowledge and skills you need to succeed.

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

Screenshots

Financial Accounting – Subsidiary Ledgers & Special Journals - Screenshot_01Financial Accounting – Subsidiary Ledgers & Special Journals - Screenshot_02Financial Accounting – Subsidiary Ledgers & Special Journals - Screenshot_03Financial Accounting – Subsidiary Ledgers & Special Journals - Screenshot_04

Our review

🌟 **Overall Course Review** 🌟 The online course on **[Course Title]** has received an impressive global rating of **4.41**. This high score reflects the quality and effectiveness of the course in delivering accounting knowledge, particularly regarding special journals and subsidiary ledgers. Recent reviews from learners have been consistently positive, highlighting the course's utility in expanding knowledge and elevating professional standards. **Pros:** - **Excellent Instruction Quality:** The instructor is commended for their detailed explanations and comprehensive understanding of the subject matter. Their teaching style is clear, informative, and highly recommended for those looking to delve into accounting deeply. - **Detailed Course Content:** Learners appreciate the thoroughness of the course content, which is delivered in an engaging and understandable manner. The detailed explanation provided by the lecturer was particularly helpful in understanding complex financial accounting concepts. - **Interactive Learning Materials:** The inclusion of worksheets and assignments enhances the learning experience by allowing students to apply what they've learned in practical scenarios. Many learners found this approach beneficial, especially when completing the materials before watching corresponding video explanations. - **Supportive Learning Environment:** There is a sense of community and support within the course, with the lecturer providing clarification on topics when needed. This supportive learning environment is crucial for student success and satisfaction. **Cons:** - **Preliminary Understanding of Material:** One learner suggested that a crash course on the basics of accounting, including golden rules and account classification, would be advantageous before diving into more complex topics. - **Technical Issues:** There have been reports of some technical difficulties, such as pretected cells in Excel sheets and audio problems that affected the learning experience. These issues need to be addressed for a smoother learning journey. - **Content Verification:** A learner pointed out an instance where a practice question included the wrong answer as the correct one, emphasizing the importance of careful review and verification of all course materials. In summary, **[Course Title]** is a well-received course that effectively teaches advanced accounting concepts with a detailed approach and supportive learning environment. While technical issues and the suggestion for foundational content have been noted, the overall sentiment from learners has been overwhelmingly positive. With improvements made to address these concerns, this course stands out as an excellent resource for anyone looking to improve their financial accounting knowledge and skills.

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1614930
udemy ID
3/25/2018
course created date
7/17/2019
course indexed date
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