Recording, Posting, and Balancing the Books

Everyone
  • 9 videos | 21m 30s
  • Includes Assessment
  • Earns a Badge
Rating 4.3 of 709 users Rating 4.3 of 709 users (709)
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

  • 34s
  • 3m 9s
  • Locked
    3.  Special Journals
    2m 47s
    In this video, you will learn how to identify descriptions of commonly used special journals. FREE ACCESS
  • Locked
    4.  General Ledgers
    2m 22s
    Learn how to recognize the order in which accounts are typically organized in a general ledger. FREE ACCESS
  • Locked
    5.  Subsidiary Ledgers
    2m 23s
    In this video, you will learn how to distinguish between control accounts and subsidiary ledgers. FREE ACCESS
  • Locked
    6.  Posting Transactions to Ledgers
    2m 6s
    During this video, you will learn how to sequence the steps for posting from special journals to ledgers. FREE ACCESS
  • Locked
    7.  Preparing a Trial Balance
    2m 38s
    Discover how to sequence the steps for preparing a trial balance. FREE ACCESS
  • Locked
    8.  Types of Trial Balances
    2m 37s
    In this video, you will learn how to recognize key characteristics of types of trial balances performed within the accounting cycle. FREE ACCESS
  • Locked
    9.  Adjusting Entries
    2m 54s
    During this video, you will learn how to sequence the steps for adjusting an entry. FREE ACCESS

EARN A DIGITAL BADGE WHEN YOU COMPLETE THIS COURSE

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