Financial Accounting-Adjusting Entries & Financial Statement
Master Adjusting Entries & Financial Statements: A Comprehensive Guide for Accurate Accounting and Reporting
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67 986
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12 hours
content
Jun 2022
last update
$109.99
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What you will learn
Identify the components of the accounting cycle and analyze the role of adjusting journal entries within it.
Classify and categorize the four main types of adjusting journal entries: prepaid expenses, unearned revenue, accrued expenses, and accrued revenue.
Apply the appropriate adjusting journal entries for each type and construct examples to illustrate their impact.
Evaluate the distinguishing characteristics of adjusting journal entries and differentiate them from regular journal entries.
Organize and manage data effectively using an adjusting journal entries worksheet.
Analyze and interpret common adjusting journal entries encountered in financial accounting.
Critically assess the purpose and significance of reversing entries and analyze common examples.
Construct accurate balance sheets, income statements, and statements of equity based on the adjusted trial balance.
Examine the interconnectedness of the balance sheet, income statement, and statement of equity in financial reporting.
Demonstrate a thorough understanding of accrual concepts and their application in the adjusting process.
Apply problem-solving skills through multiple-choice practice questions to reinforce comprehension and analytical thinking.
Utilize mathematical reasoning to solve short calculation practice questions related to adjusting entries.
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Related Topics
1564910
udemy ID
21/02/2018
course created date
01/04/2020
course indexed date
Lee Jia Cheng
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