[Udemy] Excel Accounting 6–Adjusting Entries & Financial Statements
What you’ll learn
Know what adjusting entries are and the way they match into the accounting course of
enter adjusting and reversing entries for accrued curiosity
Ho to enter adjusting and reversing entries for accounts receivable or income
enter adjusting entries for pay as you go insurance coverage
enter adjusting entries for depreciation
enter adjusting and reversing entries for unearned income
This course will give attention to period-end adjusting entries, entries wanted to report monetary statements precisely on an accrual foundation.
Learners will know the right way to navigate Microsoft Excel and use a well-designed accounting worksheet, full with a basic journal, trial steadiness, basic ledger, subsidiary ledgers for accounts receivable, accounts payable, & stock, monetary statements, and way more.
Excel is a superb software to be taught accounting as a result of it’s way more clear than a database program, like accounting software program. QuickBooks is a typical instance of accounting software program.
For many new steps in our accounting observe drawback, you should have entry to a downloadable Excel Workbook containing at the very least two tabs, one with the reply, the brand new duties accomplished, the opposite beginning the place the prior presentation left off.
We are going to talk about adjusting entries, the right way to format an adjusting entry worksheet, and the way the day-to-day accounting course of and the period-end adjusting entries match collectively.
Subsequent, we’ll enter adjusting entries and reversing entries for accrued curiosity, the curiosity we’ve incurred however haven’t but paid.
Who this course is for:
- Accountants and enterprise professionals
- College students training accounting or enterprise