Financial Management

Introduction to journal entries and their role in recording business transactions.

Learn how to analyze transactions and record them correctly in the journal.

Understand the purpose and structure of the general ledger.

Learn how to transfer journal information into the appropriate general ledger accounts.

Learn the purpose and structure of an unadjusted trial balance.

Practice preparing an unadjusted trial balance from ledger account balances.

Understand the structure of T-accounts and how debits and credits are represented.

Learn how to record transactions and calculate balances using T-accounts

Introduction to the accounting worksheet and its role in organizing financial information.

Learn how to examine worksheet data and identify information needed for adjustments and financial statements.

Learn why adjusting entries are required at the end of an accounting period.

Practice identifying and recording common adjusting entries.

Learn how an adjusted trial balance differs from an unadjusted trial balance.

Practice preparing an adjusted trial balance after recording adjustments.

Understand the purpose of financial statements and the information they provide.

Learn how information from the adjusted trial balance is used to generate financial statements.

Review the complete accounting cycle and understand how the final financial information is presented.