About This Course

In this course, we will define what is the closing process , what is its purpose and why we need to do it. We will learn what are the better ways to understand the reason for the closing process the better we’ll understand what type of system we are in to close out the books.

We will also learn about the three methods of closing process which is the one step method that is the easier one among the three, the two step method which adds complexity and finally the four step method that is often used with textbooks that breaks down the closing process into small chunks which means easier to understand.

By the end of the course, we will tackle the post closing balance, financial statement and comprehensive problem that will help you understand more about the whole cycle in context. From entering data in journal entries, posting, making the adjusting journal entries, then financial statements and finally the closing process.

The practice problems will be accompanied by an instructional video to work through the problem in a step by step format. Excel worksheets will be preformatted, usually including an answer tab that shows the completed problem, and a practice tab where learners can complete the problem along with a step by step presentation video.

Our Promise to You

By the end of this course, you will have learned about the accounting closing processes in journal entries.

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 the closing journal entries in accounting.

Course Curriculum

Section 1 - Introduction
Course Overview 00:00:00
Downloadable Materials 00:00:00
Section 2 - Review Accounting Cycle and Building Blocks0 / 3
Review Accounting Cycle And Building Blocks 00:00:00
Accounting Cycle Steps In The Accounting Process 00:00:00
Accounting Building Blocks 00:00:00
Section 3 - Closing Process Overview0 / 8
Closing Process Overview 00:00:00
Closing Process Explained 00:00:00
Post Closing Trial Balance 00:00:00
Discussion Question 00:00:00
Section 4 - Closing Process – One Step0 / 8
Closing Process – One Step 00:00:00
One Step Closing Process 00:00:00
Worksheet – Single Step Closing Process 00:00:00
Discussion Question 00:00:00
Section 5 - Closing Process – Two Steps0 / 9
Closing Process – Two Steps 00:00:00
Two Step Closing Process 00:00:00
Worksheet – 20 Two Step Closing Process 00:00:00
Multiple Choice Questions Closing Process 00:00:00
Discussion Question 00:00:00
Section 6 - Closing Process – Four Steps0 / 16
Closing Process – Four Steps 00:00:00
Closing Process Step 1 Of 4 – Journal Entry 1 Of 4 00:00:00
Closing Step 2 Of 4 – Journal Entry 2 Of 4 00:00:00
Closing Entries Journal Entry 3 of 4 Step 3 Income Summary 00:00:00
Closing Process Step 4 Of 4 Closing Journal Entry Draws Or Withdraws 00:00:00
Four Step Closing Process 00:00:00
Multiple Choice Closing Process 00:00:00
Test Questions Closing entries – Part 1 00:00:00
Discussion Question 00:00:00
Section 7 - Post-Closing Trial Balance0 / 7
Post-Closing Trial Balance 00:00:00
Post Closing Trial Balance And Financial Statements 00:00:00
Multiple Choice Questions Closing Process 00:00:00
Test Question Practice Problems Closing Entries – Part 2 00:00:00
Discussion Question 00:00:00
Section 8 - Comprehensive Problem0 / 12
Comprehensive Problem 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
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
Accounting Financial – Comp Prob Service Co 1 Closing Process – Part 9 00:00:00
Comp Prob Service Co 1 Closing Process – Part 10 00:00:00
Template Design © VibeThemes. All rights reserved.

Setup Menus in Admin Panel