IIRF Online > Finance & Accounting > Accounting & Bookkeeping > Bookkeeping > Bookkeeping Basics #2: Understand The Mechanics
Bookkeeping Basics #2: Understand The Mechanics by Udemy
After our first course, dig deeper into the actual "How" of recording bookkeeping activity.
Course Highlights
- 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?
Skills you will learn!
Curriculum
5 Topics
Course Overview
Tips for the Experience.
Meet the Instructor and Resources
The Set Up of the Course
Accounting is a Process
15 Topics
Intro & Let's Refresh
Finish Up The Refresh
Seeing Double?
Seeing MORE Than Double?
Bob and the Equation
More Equation (and Bob)
Equation Practice
T-Accounts & What Is A Debit?
Transactions to T-Accounts
Footing Balancing and Trial Balancing
Introducing The Quiz and Assignments
CPE Review Quiz: Section 2
"Homework" Activity Instructions and Work Papers
AN IMPORTANT QUICK NOTE!!!
Homework Answers - Part 1
5 Topics
Introducing "The Cycle"
Interim vs Final
What Are Adjustments and Closings?
Setting Up The Worksheet
CPE Review Quiz: Section 3
10 Topics
Why Adjust?
Prepaid Assets
Inventory Adjustments
Depreciation...
...More Depreciation
Accrued Liabilities
Wrapping The Adjustments
Homework Assignment - Part 2
Homework Answers - Part 2
CPE Review Quiz: Section 4
7 Topics
Closing? We're Still In Business!
What Gets Closed
Revenue Expenses and IS
Closing The IS and Draw
Homework Assignment - Part 3
Homework Answers - Part 3
CPE Review Quiz: Section 5
2 Topics
CPE Qualified Assessment
BONUS: Your Certificate and What's Next?
Bookkeeping Basics #2: Understand The Mechanics
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