Preparing Financial Statements and Closing Accounts

Everyone
  • 9 videos | 23m 3s
  • Includes Assessment
  • Earns a Badge
Rating 4.4 of 1027 users Rating 4.4 of 1027 users (1027)
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
  • Locked
    3.  Income Statement Components
    3m 5s
    In this video, you will learn how to identify examples of the components of an income statement. FREE ACCESS
  • Locked
    4.  Income Statement Calculations
    2m 50s
    Learn how to sequence the steps of income statement calculations. FREE ACCESS
  • Locked
    5.  Balance Sheet Components
    3m 26s
    In this video, you will learn how to match the components of the balance sheet to their descriptions. FREE ACCESS
  • Locked
    6.  Preparing a Balance Sheet
    2m 23s
    During this video, you will discover how to sequence the steps of preparing a balance sheet. FREE ACCESS
  • Locked
    7.  Cash Flow Statement Components
    2m 45s
    Discover how to match each description to its corresponding component on the cash flow statement. FREE ACCESS
  • Locked
    8.  Preparing a Cash Flow Statement
    2m 36s
    In this video, you will learn how to sequence the steps for preparing a cash flow statement. FREE ACCESS
  • Locked
    9.  Closing Accounts
    2m 41s
    During this video, you will learn how to close accounts in the correct order. FREE ACCESS

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