Enroll Course: https://www.coursera.org/learn/accounting-cycle
If you’re looking to solidify your understanding of accounting principles and practices, the ‘Completing the Accounting Cycle’ course on Coursera is an excellent choice. This course is designed for students who have already taken foundational accounting courses and are ready to dive deeper into the year-end accounting processes.
### Course Overview
The course focuses on essential topics such as adjusting entries, closing entries, and the preparation of key financial statements including the income statement, retained earnings statement, and balance sheet. It also covers the procedure for recording the four closing entries and preparing the post-closing trial balance, making it a comprehensive guide to completing the accounting cycle.
### Syllabus Breakdown
1. **Adjusting Entries & Adjusted Trial Balance**: The course kicks off with the fifth step of the accounting cycle, emphasizing when adjusting entries are necessary. You’ll learn about the four major categories of adjusting entries and get hands-on experience by recording your own adjusting journal entries.
2. **The Worksheet**: In the second module, you’ll be introduced to the worksheet, a vital tool for accountants. By the end of this module, you’ll be able to create a 10-column worksheet, applying your knowledge from the previous module.
3. **Creating & Analyzing Financial Statements**: The third module brings you back to the accounting cycle, focusing on preparing financial statements. You’ll learn how to create an income statement, a retained earnings statement, and a balance sheet, which are crucial for any business.
4. **Closing Entries & The Post-Closing Trial Balance**: The final module wraps up the course by guiding you through the recording of closing entries and preparing the post-closing trial balance, marking the end of the accounting cycle and the beginning of a new fiscal year.
### Why You Should Take This Course
This course is perfect for anyone looking to enhance their accounting skills, especially those preparing for careers in finance or accounting. The structured approach, combined with practical exercises, ensures that you not only learn the theory but also apply it effectively.
The course is well-paced and offers a mix of video lectures, readings, and quizzes to reinforce your learning. The instructors are knowledgeable and provide valuable insights that go beyond the textbook.
### Conclusion
In conclusion, ‘Completing the Accounting Cycle’ on Coursera is a highly recommended course for anyone serious about mastering accounting. Whether you’re a student or a professional looking to refresh your skills, this course provides the tools and knowledge necessary to succeed in the field of accounting.
### Tags
1. Accounting
2. Financial Statements
3. Coursera
4. Online Learning
5. Adjusting Entries
6. Closing Entries
7. Accounting Cycle
8. Education
9. Finance
10. Professional Development
### Topic
Accounting Education
Enroll Course: https://www.coursera.org/learn/accounting-cycle