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Financial Accounting-Adjusting Entries & Financial Statement

Financial Accounting-Adjusting Entries & Financial Statement

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Financial Accounting-Adjusting Entries & Financial Statement

Financial Accounting-Adjusting Entries & Financial Statement, Adjusting entry creation, posting adjusting entries to a worksheet, creating financial statements from the trial balance

Created by Robert (Bob) Steele

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What Will I Learn?

  • List the steps in the accounting cycle
  • Explain the importance of using an adjusting entries worksheet
  • List types of adjusting entries
  • Enter adjusting entries to an adjusting entry worksheet
  • Create an adjusted trial balance
  • Create financial statements from a trial balance
  • Enter reversing entries
  • Perform fundamental Excel operations (addition, subtraction, cell relationships)

Requirements

  • Basic accounting concepts
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