Preparing Financial Statements and Closing Accounts

  • 9 Videos | 27m 3s
  • Includes Assessment
  • Earns a Badge
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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

  • Playable
    1. 
    Preparing Financial Statements and Closing Accounts
    36s
    UP NEXT
  • Playable
    2. 
    Financial Statement Basics
    2m 42s
  • Locked
    3. 
    Income Statement Components
    3m 5s
  • Locked
    4. 
    Income Statement Calculations
    2m 50s
  • Locked
    5. 
    Balance Sheet Components
    3m 26s
  • Locked
    6. 
    Preparing a Balance Sheet
    2m 23s
  • Locked
    7. 
    Cash Flow Statement Components
    2m 45s
  • Locked
    8. 
    Preparing a Cash Flow Statement
    2m 36s
  • Locked
    9. 
    Closing Accounts
    2m 41s

EARN A DIGITAL BADGE WHEN YOU COMPLETE THIS COURSE

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