Preparing Financial Statements and Closing Accounts
- 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
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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
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1.Preparing Financial Statements and Closing Accounts36sUP NEXT
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2.Financial Statement Basics2m 42s
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3.Income Statement Components3m 5s
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4.Income Statement Calculations2m 50s
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5.Balance Sheet Components3m 26s
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6.Preparing a Balance Sheet2m 23s
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7.Cash Flow Statement Components2m 45s
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8.Preparing a Cash Flow Statement2m 36s
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9.Closing Accounts2m 41s
EARN A DIGITAL BADGE WHEN YOU COMPLETE THIS COURSE
Skillsoft is providing you the opportunity to earn a digital badge upon successful completion of this course, which can be shared on any social network or business platform
Digital badges are yours to keep, forever.
