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This is a bundled training package. It contains training for each of the bundled items below:

Course Price
Preparing Financial Statements and Closing Accounts $74.95
Key Accounting Concepts and Principles $74.95
Recording, Posting, and Balancing the Books $74.95
Accounting for Stock Transactions $74.95

Bundle Price: $169.00
Total Savings: $130.80

Preparing Financial Statements and Closing Accounts

Once transactions have been recorded, and posted to ledgers, and the trial balance is conducted and adjustments have been made, the next steps in the accounting cycle are to prepare financial statements and close the accounts. In this course, you'll explore the components of each of the three financial statements - the income statement, the balance sheet, and the cash flow statement - and learn how to prepare them. You'll also learn how to close accounts, as the final step in the accounting cycle.

Learning Objectives
  • 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

Key Accounting Concepts and Principles

How do organizations communicate business information? Achieving the utmost clarity in communication requires the sharing of a common language. Accounting is one of the aspects of this common language. It's an internal function that involves identifying, recording, summarizing, and reporting business transactions and financial events in an organization. This course covers the basic concepts and practices of accounting. You'll learn about the accounting equation and its components, and learn to use the rule of debits and credits. You'll also explore the accounting cycle, and the effect of cash and accrual based accounting systems.

Learning Objectives
  • Match basic accounting practices to their descriptions
  • Recognize examples of assets, liabilities, and shareholder's equity
  • Determine how given transactions affect the accounting equation
  • Determine how common transactions affect specific accounts using the debit and credit rule
  • Sequence the steps of the accounting cycle
  • Identify key characteristics of cash and accrual accounting

Recording, Posting, and Balancing the Books

If you're involved in any sort of accounting or financial decision-making role, you need to understand the basics of accounting and bookkeeping. This course covers the steps in the accounting cycle that happen after transactions have been identified and analyzed. You'll learn about making general and special journal entries, and about posting those transactions to accounts in the general and subsidiary ledgers. You'll also learn how to prepare trial balances and make adjusting entries.

Learning Objectives
  • 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

Accounting for Stock Transactions

One of the great advantages of a corporate form of organization is it allows otherwise unaffiliated people to join in mutual ownership of a business. Of course, accurate accounting of corporate transactions is imperative. In this course, you'll learn about the key characteristics of incorporated organizations. You'll explore how common equity transactions can affect the basic accounting equation as it pertains to the corporations' financial position. You'll also learn concepts and accounting processes for corporate transactions, including those involving common and preferred stocks, treasury stocks, and dividends.

Learning Objectives
  • Identify characteristics of incorporated organizations
  • Identify how common equity transactions affect a corporation's financial position
  • Recognize the steps for journalizing par value stock and no par value stock
  • Sequence the steps for journalizing par value stock at above or below par value
  • Match the steps of the cost method of accounting for treasury stock
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Basics of Accounting e-learning bundle
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