About This Course

This course includes 6 interconnected modules which collectively cover each step of the accounting cycle. At the end of each module, you will have the opportunity to practice the skills you have learned in the video walkthroughs by completing a graded activity such as posting into the accounts in the ledger or preparing your own financial statements. This course is designed to empower you with the knowledge and skills needed to navigate the world of accounting confidently. Whether you aspire to a career in accounting, aim to manage your business finances, or simply seek to understand the financial implications of business decisions, this course will serve as a valuable resource.

What You’ll Learn

• Understand the core concepts, the accounting equation, and how business transactions are analyzed.
• Learn how to record transactions in journals, post them to ledgers, and prepare trial balances.
• Understand the need for adjusting entries, including those for prepaid expenses, unearned revenue, accrued revenue, and accrued expenses, and prepare adjusted trial balances.
• Learn the basics of financial statements, including the income statement, owner's equity statement, balance sheet, and statement of cash flows.
• Understand the process of closing the books, including preparing and posting closing entries and preparing post-closing trial balances.
• Apply all the learned concepts through a comprehensive case study, covering the entire accounting cycle from analyzing transactions to preparing post-closing trial balances