Preparing Financial Statements and Closing Accounts
Everyone
- 9 videos | 23m 3s
- Includes Assessment
- Earns a Badge
Developing your financial acumen is a must in today's economy, and improving your knowledge of accounting basics and financial management is a good first step. In this course, you'll explore the financial essentials that will enable you to understand key steps in the management of finance within the accounting cycle. You'll learn how, once you've worked your way through recording transactions and posting to ledgers, you're ready to start preparing financial statements. You'll learn about Income Statements, Balance Sheets, Cash Flow Statements, and how they're interrelated. You'll also learn about the steps involved in closing accounts.
WHAT YOU WILL LEARN
-
match financial statements to their descriptions
recognize examples of the components of the income statement
sequence the steps of income statement calculations
match the components of the balance sheet to their descriptions -
sequence the steps of preparing a balance sheet
match each component of the cash flow statement to its description
sequence the steps for preparing a cash flow statement
sequence the steps for closing accounts
IN THIS COURSE
-
36s
-
2m 42s
-
3. Income Statement Components3m 5sIn this video, you will learn how to identify examples of the components of an income statement. FREE ACCESS
-
4. Income Statement Calculations2m 50sLearn how to sequence the steps of income statement calculations. FREE ACCESS
-
5. Balance Sheet Components3m 26sIn this video, you will learn how to match the components of the balance sheet to their descriptions. FREE ACCESS
-
6. Preparing a Balance Sheet2m 23sDuring this video, you will discover how to sequence the steps of preparing a balance sheet. FREE ACCESS
-
7. Cash Flow Statement Components2m 45sDiscover how to match each description to its corresponding component on the cash flow statement. FREE ACCESS
-
8. Preparing a Cash Flow Statement2m 36sIn this video, you will learn how to sequence the steps for preparing a cash flow statement. FREE ACCESS
-
9. Closing Accounts2m 41sDuring this video, you will learn how to close accounts in the correct order. FREE ACCESS
EARN A DIGITAL BADGE WHEN YOU COMPLETE THIS COURSE
Skillsoft is providing you the opportunity to earn a digital badge upon successful completion on some of our courses, which can be shared on any social network or business platform.
Digital badges are yours to keep, forever.
