Enroll Course: https://www.coursera.org/learn/accounting-cycle
Review of Completing the Accounting Cycle Course
Are you ready to enhance your accounting skills and gain a deeper understanding of year-end accounting processes? Look no further than the Coursera course titled Completing the Accounting Cycle. This course is perfect for learners who have completed basic accounting courses and are ready to synthesize their knowledge into practical application.
The course takes you through a series of modules centered around critical components such as adjusting entries, closing entries, and the preparation of essential financial statements including the income statement, retained earnings statement, and balance sheet.
Module Highlights:
- Adjusting Entries & Adjusted Trial Balance: This introductory module sets the stage by explaining when and why adjusting entries are necessary. You’ll not only learn about the various types of entries but also engage in activities that allow you to create your own adjusting journal entries.
- The Worksheet: In the second module, you will learn to utilize a worksheet—a vital tool in the accounting cycle. You will be tasked with creating a 10-column worksheet, helping solidify your understanding of adjusting entries.
- Creating & Analyzing Financial Statements: With a focus on preparing key financial statements, this module ensures you’ll master the production of an income statement, retained earnings statement, and balance sheet.
- Closing Entries & The Post-Closing Trial Balance: The final module ties everything together by demonstrating how to record closing entries and prepare a post-closing trial balance, signifying the completion of the accounting cycle.
Throughout the course, the structured approach and practical exercises enhance learning retention, making it easier to apply concepts in real-world scenarios. Additionally, the instructors provide insightful feedback that helps clarify any complexities encountered during the course.
Recommendation:
If you’re looking to solidify your accounting knowledge and prepare for advanced concepts, Completing the Accounting Cycle is highly recommended. This course is valuable for accounting students, finance professionals, and anyone interested in gaining a strong grasp of financial reporting processes.
Make the leap—a comprehensive understanding of the accounting cycle will undoubtedly pave the way for success in your financial endeavors!
Enroll Course: https://www.coursera.org/learn/accounting-cycle