About This Course

Adjusting entries, posting adjusting entries to a worksheet, financial statement creation from an adjusted trial balance, and reversing entries will be covered in this course. The adjusting entry process is a fundamental bookkeeping and accounting process but is often the accounting process most misunderstood.

The adjusting process is a necessary part of the accounting cycle and one that is built into the accounting system. In other words, we plan for the adjusting process, and part of the plan is to enter normal accounting transactions in such a way that we will most easily be able to make adjustments at the end of the time period.

The adjusting process helps significantly with the understanding of accrual concepts because the adjusting process focuses on timing differences, on when revenue and expense should be recognized.

By the end of the course, you’ll learn to use the adjusted trial balance to create the financial statements, converting the debit and credit format of the adjusted trial balance to the plus and minus format of the financial statements

Who is the course for

  • Accounting students
  • Business owner
  • Anyone who wants to learn accounting

Our Promise to You

By the end of this course, you will have learned the adjusting entry process in accounting.

30 Day Money Back Guarantee. If you are unsatisfied for any reason, simply contact us and we’ll give you a full refund. No questions asked.

Get started today and learn more about accounting adjusting entry process and creating financial statements.

Course Curriculum

Section 1 - Introduction
Adjusting Entry And Financial Statement Course Overview 00:00:00
Section 2 - Accounting Cycle, Types Of Adjusting Entries, Cash Vs Accrual
Accounting Cycle, Types Of Adjusting Entries, Cash Vs Accrual Overview 00:00:00
Accounting Cycle Steps In The Accounting Process 00:00:00
Types Of Adjusting Journal Entries Adjusting Journal Entry 00:00:00
Cash Method Vs Accrual Method 00:00:00
Section 3 - Adjusting Entry Rules And Thought Process
Adjusting Entry Rules And Thought Process 00:00:00
Debits And Credits 00:00:00
Rules For Using Debits And Credits 00:00:00
Adjusting Journal Entry Rules – What Are Adjusting Journal 00:00:00
Why Use A Worksheet In Adjusting Process 00:00:00
Adjusting Journal Entry Thought Process How To Record 00:00:00
Section 4 - Supplies, Unearned Revenue, And Wages Adjusting Entries
Supplies, Unearned Revenue, And Wages Adjusting Entries 00:00:00
Adjusting Entry Supplies 00:00:00
Adjusting Entry Unearned Revenue 00:00:00
Adjusting Entry Wages Payable 00:00:00
Worksheet – Adjusting Entries Supplies Unearned Revenue And Payroll Part 1 – Accounting Instructions 00:00:00
Worksheet – Adjusting Entries Supplies Unearned Revenue And Payroll Part 2 – Accounting Instructions 00:00:00
Section 5 - Accounts Receivable, Insurance, And Depreciation Adjusting Entries
Accounts Receivable, Insurance, And Depreciation Adjusting Entries 00:00:00
Adjusting Entry Accounts Receivable 00:00:00
Adjusting Entry Insurance 00:00:00
Adjusting Entry Depreciation 00:00:00
Worksheet – Adjusting Entries Prepaid Insurance And Depreciation Part 1 – Accounting instructions 00:00:00
Worksheet – Adjusting Entries Prepaid Insurance And Depreciation Part 2 – Accounting instructions 00:00:00
Section 6 - Reversing Entries
Reversing Entries 00:00:00
Reversing Journal Entries – Accrued Revenue 00:00:00
Accounts Receivable Reversing Entry 00:00:00
Unearned Revenue Reversing Entry 00:00:00
Reversing Entry Wages Payable 00:00:00
Multiple Choice Questions Adjusting Entries 00:00:00
Section 7 - Financial Statements Overview
Financial Statements Overview 00:00:00
Balance Sheet 00:00:00
Income Statement 00:00:00
Statement Of Owner’s Equity 00:00:00
Section 8 - Create The Balance Sheet
Create The Balance Sheet 00:00:00
Balance Sheet Current Assets From Trial Balance 00:00:00
Balance Sheet Property Plant Equipment From Trial Balance 00:00:00
Balance Sheet Liability Section Creation From Trial Balance 00:00:00
Balance Sheet Equity Section Creation From Trial Balance 00:00:00
Multiple Choice Adjusting Process 00:00:00
Test Questions Part 1 Adjusting Entries Adjusted Trial Balance And Creating 00:00:00
Section 9 - Create The Income Statement
Create The Income Statement 00:00:00
Income Statement From Trial Balance 00:00:00
Multiple Choice Question 00:00:00
Test Questions Part 2 Adjusting Entries Adjusted Trial Balance And Creating 00:00:00
Section 10 - Create The Statement Of Owner’s Equity From The Trial Balance
Create The Statement Of Owner’s Equity From The Trial Balance 00:00:00
Statement Of Equity From Trial Balance 00:00:00
Multiple Choice Adjusting Process 00:00:00
Section 11 - Financial Statement Relationship
Financial Statement Relationship 00:00:00
Worksheet Financial Statements From Trial Balance 00:00:00
Test Questions Part 3 Adjusting Entries Adjusted Trial Balance And Creating 00:00:00
Section 12 - Comprehensive Problem
Comprehensive Problems 00:00:00
Accounting Financial – Comp Prob Service Co 1 – Part 1 00:00:00
Accounting Financial – Comp Prob Service Co 1 – Part 2 00:00:00
Accounting Financial – Comp Prob Service Co 1 – Part 3 00:00:00
Accounting Financial – Comp Prob Service Co 1 – Part 4 00:00:00
Accounting Financial – Comp Prob Service Co 1 Adjusting Entries – Part 5 00:00:00
Accounting Financial – Comp Prob Service Co 1 Adjusting Entries – Part 6 00:00:00
Accounting Financial – Comp Prob Service Co 1 Financial Statements – Part 7 00:00:00
Accounting Financial – Comp Prob Service Co 1 Financial Statements – Part 8 00:00:00
Downloadable Materials – Financial 00:00:00

Course Reviews

5

5
1 ratings
  1. Financial Accounting Two: The Adjusting Entry Process And Creation Of Financial Statements

    5

    This was an excellent course pertaining to the adjusting entries. Bob is a super teacher as he explains every aspect of the process and his repetition helps to imbed the understanding in your mind for a later date. I really learned a lot from this course and will continue to study all of his courses to refresh and gain the knowledge needed to correctly do this in the work world. You can’t go wrong with these courses.

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