Bookkeeping Basics #2: Understand The Mechanics
After our first course, dig deeper into the actual "How" of recording bookkeeping activity.
4.64 (1940 reviews)

10 043
students
3.5 hours
content
May 2023
last update
$124.99
regular price
What you will learn
Understand what "debits" and "credits" actually mean when it comes to bookkeeping and accounting
Learn the Fundamental Accounting Equation and how it applies to bookkeeping
How are transactions analyzed, recorded and posted
What steps are needed for End-of-the-Month adjustment entries and End-of-the-Year closing entries
What is depreciation? What are Prepaid Items? What is Accrued Payroll? How is Inventory booked?
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Our Verdict
Boasting a solid 4.69 rating and over 10,000 subscribers, the 'Bookkeeping Basics #2: Understand The Mechanics' course offers a deep dive into the practical aspects of bookkeeping. Students will benefit from focused lessons on journaling, debits, credits, and adjustment entries. However, be prepared for occasional challenges with confusing homework assignments and a need for more detailed quiz explanations. With practice sets available online and improved print design, this course aims to equip learners confidently navigating the world of bookkeeping basics.
What We Liked
- Comprehensive coverage of bookkeeping mechanics, including debits, credits, journaling and adjustment entries
- In-depth approach to the Fundamental Accounting Equation
- Step-by-step instruction on end-of-month and end-of-year closing entries
- Realistic practice sets provided for homework assignments
Potential Drawbacks
- Homework assignments can sometimes be difficult to understand, with missing pages or unclear instructions
- Lack of detailed explanations for why certain quiz answers are correct
- Presentation design could benefit from improved readability when printing resources
- Some lessons rely solely on homework without sufficient review or discussion
Related Topics
1138208
udemy ID
07/03/2017
course created date
03/06/2019
course indexed date
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