Financial Accounting-Adjusting Entries & Financial Statement

Category: Tutorial

Posted on 2019-04-16, updated at 2019-04-18, by Germany2020.


Financial Accounting-Adjusting Entries & Financial Statement
MP4 | Video: AVC 1280x720 | Audio: AAC 44KHz 2ch | Duration: 12 Hours | Lec: 107 | 988 MB
Genre: eLearning | Language: English

Adjusting entry creation, posting adjusting entries to a worksheet, creating financial statements from the trial balance
Adjusting entries, posting adjusting entries to a worksheet, financial statement creation from an adjusted trial balance, and reversing entries will be covered in this course.
The adjusting entry process is a fundamental bookkeeping and accounting process but is often the accounting process most misunderstood.
Because of the name of accounting adjusting entry process we are led to believe that we are adjusting errors made by the accounting department. In other words, we may get the idea that the adjusting process would not be needed if the accounting department did their work perfectly through the period. This assumption of the adjusting process fixing errors is not the primary purpose for the adjusting process.
The adjusting process is a necessary part of the accounting cycle and one that is built into the accounting system. In other words, we plan for the adjusting process, and part of the plan is to enter normal accounting transactions in such a way that we will most easily be able to make adjustments at the end of the time period.
The adjusting process helps significantly with the understanding of accrual concepts because the adjusting process focuses on timing differences, on when revenue and expense should be recognized.
We enter adjusting entries as of the end of the period. Adjusting entries will have a balance sheet component and an income statement component.
Once the adjusting entries are complete, we can use the adjusted trial balance to create the financial statements, the balance sheet, the income statement, and the statement of equity. Who will we be learning from?



Sponsored High Speed Downloads
5682 dl's @ 2238 KB/s
Download Now [Full Version]
5515 dl's @ 2108 KB/s
Download Link 1 - Fast Download
6841 dl's @ 3512 KB/s
Download Mirror - Direct Download

Search More...
Financial Accounting-Adjusting Entries & Financial Statement

Search free ebooks in!

Related Archive Books

Archive Books related to "Financial Accounting-Adjusting Entries & Financial Statement":

Download this book

No active download links here?
Please check the description for download links if any or do a search to find alternative books.

Related Books


No comments for "Financial Accounting-Adjusting Entries & Financial Statement".

    Add Your Comments
    1. Download links and password may be in the description section, read description carefully!
    2. Do a search to find mirrors if no download links or dead links.
    Back to Top