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Accounting Systems and Closing Activities Training Class |
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Accounting Systems and Closing Activities Training Seminar
Some businesses carry out hundreds of transactions in a single day. You can imagine the accounting data at the end of the day, or the end of the month. Ultimately, these transactions can be categorized into a few different types. Organizing the transactions through special journals actually reduces the work and allows you to be more efficient in your accounting activities at the end of every period. Efficient accounting activities are an important aspect to a successful and profitable business. This practical course shows you how to maintain an accounting system and perform closing activities in three lessons, "Special Journals," "Subsidiary Ledgers," and "Closing Activities."
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Price |
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$74.95
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Agenda |
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Special Journals
- recognize the benefits of using special journals.
- sequence the steps to recording a transaction in the Cash Receipts Journal for a given scenario.
- match given data from a transaction to its appropriate column in the Cash Disbursement Journal.
- determine the correct entries in the Sales Journal in a given transaction.
- sequence the entries to a Sales Returns and Discounts Journal for a given transaction.
- calculate the payment based on the discount period for a given transaction.
- determine the correct Purchases Journal entries for a given transaction.
Subsidiary Ledgers
- recognize the benefits of using subsidiary ledgers to achieve efficiency.
- sequence the posting procedures for the Accounts Receivable Ledger for a given scenario.
- sequence the posting procedures for the Accounts Payable Ledger for a given transaction.
- determine the accuracy of the subsidiary ledgers based on schedules for a given scenario.
Closing Activities
- recognize the importance of performing closing activities.
- perform the calculations to complete a work sheet in a given scenario.
- categorize accounts as current and long-term assets or liabilities, given examples.
- apply the steps to close temporary accounts for a given scenario.
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Audience |
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Individuals who require knowledge of the basics of accounting, who are starting a business, who are learning to manage the accounting activities of a business, who need to review standard accounting principles and procedures, shareholders, or potential shareholders.
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