Financial Accounting Part I - Passing the Class
Master the Basics of Accounting to Pass The Class or Enhance Your Career (Textbook and Templates Included)
4.38 (74 reviews)
566
students
6 hours
content
Sep 2023
last update
$49.99
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What you will learn
Understand the history of accounting and why it is important
Understand the basic accounting process
Determine the normal balances of accounts (debits or credits)
Record a journal entry for basic transactions
Understand the difference between accrual and cash basis accounting
Record adjusting and closing journal entries at the end of the period
Post journal entries to T accounts or the general ledger.
Understand the basic format of the four required financial statements (Income Statement, Statement of Stockholder's Equity, Balance Sheet, and Cash Flow Statement)
Process inventory transactions and calculate the cost of goods sold and ending inventory
Prepare a bank reconciliation of cash
Determine accounts receivables and bad debt expense under multiple methods
Document the journal entries for capitalized assets, including purchase, depreciation, and sale of the assets
Related Topics
777276
udemy ID
2/29/2016
course created date
2/7/2022
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