Recording, Posting, and Balancing the Books

  • 9 Videos | 21m 30s
  • Includes Assessment
  • Earns a Badge
Likes 262 Likes 262
If your organizational role is related to accounting or finance, you'll most likely need solid financial acumen and a strong grasp of the accounting basics of recording, posting, and balancing your organization's books. In this course, you'll learn financial essentials related to bookkeeping, such as the steps in the accounting cycle that happen after transactions have been identified and analyzed. You'll learn how to carry out vital financial management activities, including how to make general and special journal entries, and how to post those transactions to accounts in the general and subsidiary ledgers. You'll also learn how to prepare trial balances and make adjusting entries.

WHAT YOU WILL LEARN

  • recognize the columns that need to be completed when making a general journal entry
    recognize descriptions of commonly used special journals
    recognize the order in which accounts are typically organized in a general ledger
    distinguish control accounts from subsidiary ledgers
  • sequence the steps for posting from special journals to ledgers
    sequence the steps for preparing a trial balance
    recognize key characteristics of types of trial balances performed within the accounting cycle
    sequence the steps for adjusting an entry

IN THIS COURSE

  • Playable
    1. 
    Recording, Posting, and Balancing the Books
    34s
    UP NEXT
  • Playable
    2. 
    Making General Journal Entries
    3m 9s
  • Locked
    3. 
    Special Journals
    2m 47s
    FREE ACCESS
  • Locked
    4. 
    General Ledgers
    2m 22s
    FREE ACCESS
  • Locked
    5. 
    Subsidiary Ledgers
    2m 23s
    FREE ACCESS
  • Locked
    6. 
    Posting Transactions to Ledgers
    2m 6s
    FREE ACCESS
  • Locked
    7. 
    Preparing a Trial Balance
    2m 38s
    FREE ACCESS
  • Locked
    8. 
    Types of Trial Balances
    2m 37s
    FREE ACCESS
  • Locked
    9. 
    Adjusting Entries
    2m 54s
    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 of this course, which can be shared on any social network or business platform

Digital badges are yours to keep, forever.

YOU MIGHT ALSO LIKE

BOOK A Welch Way Playbook on Finance for Managers
BOOK Value Pricing for Accounting Professionals: A Complete Guide for Accountants and Bookkeepers to Find the Right Clients and Increase Profitability, 1st edition
BOOK Understanding Financial Accounting-A Guide for Non-Specialists

PEOPLE WHO VIEWED THIS ALSO VIEWED THESE

BOOK Using Accounting & Financial Information: Analyzing, Forecasting & Decision-Making
COURSE Basic Accounting Concepts for Non-financial Professionals
Likes 635 Likes 635  
COURSE Key Accounting Concepts and Principles
Likes 955 Likes 955