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Description of  Excel Accounting 6 Adjusting Entries & Financial Statements

Genre: eLearning | MP4 | Video: h264, 1280x720 | Audio: AAC, 44.1 KHz Language: English | Size: 2.95 GB | Duration: 4h 17m Learn how to enter adjusting excel-accounting-6adjusting-entries-financial-statementsentries into an Excel worksheet from a certified public accountant (CPA) What you'll learn Know what adjusting entries are and how they fit into the accounting process Ho to enter adjusting and reversing entries for accounts receivable or revenue How to enter adjusting entries for prepaid insurance How to enter adjusting entries for depreciation How to enter adjustingcourse and reversing entries for unearned revenue How to enter adjusting entry to break out the short-term and long-term portion of loans How to create financial statements from an adjusted trial balance Description This course will focus on period-end adjusting entries, entries needed to report financial statements accurately on an accrual basis. We wwww.udemy.comill discuss adjusting entries, how to format an adjusting entry worksheet, and how the day-to-day accounting process and the period-end adjusting entries fit together. Then we will enter adjusting entries and reversing entries related to an invoice or sales transaction originally entered after the cutoff date, month-end, but for which the work was done before the cutoff date. After that, we will enter adjusting entries for prepaid insurance, which leads to the next adjusting entry for depreciation. Next, we will enter adjusting entries and reversing entries related to unearned revenue. The unearned revenue entry is different from many book problems but a standard method when using accounting software. Then we will enter a transaction to break out the short-term and long-term portion of loans according to their related amortization tables. Finally, we will take the adjusted trial balance, a trial balance constructed after entering the adjusting entries, and create financial statements. Who this course is for Accountants and business professionals Students practicing accounting or business Homepage https: