This course covers the basic procedures involved in recording financial entries in Journals and Ledgers. Upon completing this course, you will be able to analyze and record various business transactions. You will also learn about the accounting cycle, posting transactions, accrual accounting, and cash accounting. You will also have the opportunity to practice these skills through a series of activities that provide real world experience.
Recording in Journals & Posting in Ledgers
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Recording in Journals & Posting in Ledgers
This course is part of Introduction to Financial Accounting: The Accounting Cycle Specialization
Instructor: Andrea Eliassen
7,449 already enrolled
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Gain insight into a topic and learn the fundamentals.
4.8
(145 reviews)
10 hours to complete
3 weeks at 3 hours a week
Flexible schedule
Learn at your own pace
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Shareable certificate
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Assessments
8 assignments
Taught in English
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This course is part of the Introduction to Financial Accounting: The Accounting Cycle Specialization
When you enroll in this course, you'll also be enrolled in this Specialization.
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There are 4 modules in this course
In this module we will review the process of recording proper entries into the general journal. We will start by walking through the step-by-step process of analyzing and recording service business transactions that follow the debit and credit rules. You will then have the opportunity to record transactions in the general journal on your own in this module's graded activity.
What's included
3 videos2 readings2 assignments
In this module we will review the process of posting transactions from the general journal to the ledger. We will start by introducing ledger forms and T-accounts, then we will proceed to a walkthrough of the proper steps of posting transactions. You will then have the opportunity to post transactions from the general journal to the ledger on your own in this module's graded activity.
What's included
3 videos2 readings2 assignments
In this module we will introduce the trial balance and the process of correcting entries. We will begin with an overview of how to transfer data from the ledgers to the trial balance, and continue with a step-by-step walkthrough of correcting entries. You will then have the opportunity to prepare your own trial balance in this module's graded activity.
What's included
3 videos2 readings2 assignments
In this module we will introduce and learn to differentiate between cash accounting and accrual accounting. We will begin by reviewing key concepts related to accrual accounting including the periodicity assumption, the expense recognition principle, the revenue recognition principle, and the matching principle. You will then have the opportunity to work through example problems on your own in this module's activity.
What's included
3 videos2 readings2 assignments
Instructor
Instructor ratings
4.9 (44 ratings)Offered by
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