This course is designed for those interested to learn the basics of special journals and subsidiary ledgers in accounting, be able to explain why they are important, including accounts receivable and accounts payable subsidiary ledgers, sales journals, purchases journals, cash receipts, and cash payment journals.
Read more.Instructor
Robert (Bob) Steele CPA, CGMA, M.S. Tax, CPI
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Who this course is for:
- Accounting students
- Business owner
- Anyone who wants to learn accounting
What you’ll learn:Â
- Understanding ledgers and journals
Requirements:Â
- No prior knowledge is required to take this course
We should have a good understanding of debits and credits before this course and we have courses covering debits and credits. We can construct an accounting system where we record every financial transaction using debits and credits in a general journal, posting each journal entry to the general ledger, making the trial balance form the general ledger, and the financial statements from the trial balance.Â
Special journals are typically used in a manual system but understanding them helps any system because it helps to see what components of an accounting system are necessary to all accounting systems, which components can be changed, and when changing the format of the system would be beneficial. Automated systems also often general useful reports in a similar format as the special journals.Â
Subsidiary ledgers for accounts receivable and accounts payable are necessary for any system where we make sales on account and purchases on account. In other words, if we make sales and collect money at a later date, we will need to track who owes us money, and if we make purchases and pay at a later date, we will need to track who we owe money to.
Our Promise to You
By the end of this course, you will have learned special journals and subsidiary ledgers.
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Course Curriculum
Section 1 - Introduction | |||
Special Journals Subsidiary Ledgers | 00:00:00 | ||
Section 2 - Accounts Receivable Subsidiary Ledger | |||
Accounts Receivable Subsidiary Ledger Overview | 00:00:00 | ||
Accounts Receivable Subsidiary Ledger Explained | 00:00:00 | ||
Accounts Receivable Subsidiary Ledger – Part 1 | 00:00:00 | ||
Accounts Receivable Subsidiary Ledger – Part 2 | 00:00:00 | ||
Multiple Choice Question 2 – Special Journals | 00:00:00 | ||
Section 3 - Accounts Payable Subsidiary Ledger | |||
Accounts Payable Subsidiary Ledger Overview | 00:00:00 | ||
Accounts Payable Subsidiary Ledger | 00:00:00 | ||
Accounts Payable Subsidiary Ledger – Part 1 | 00:00:00 | ||
Accounts Payable Subsidiary Ledger – Part 2 | 00:00:00 | ||
Multiple Choice Question 3 – Special Journals | 00:00:00 | ||
Section 4 - Sales Journal | |||
Sales Journal | 00:00:00 | ||
Sales Journal Service Company | 00:00:00 | ||
Worksheet – Sales Journal | 00:00:00 | ||
Sales Journal Merchandising Company | 00:00:00 | ||
Worksheet – Sales Journal Inventory | 00:00:00 | ||
Multiple Choice Question 4 – Special Journals | 00:00:00 | ||
Section 4 - Purchases Journal | |||
Purchases Journal Overview | 00:00:00 | ||
Purchases Journal Service Company | 00:00:00 | ||
Worksheet Purchases Journal | 00:00:00 | ||
Purchase Journal Merchandising Company | 00:00:00 | ||
Worksheet – Purchases Journal Inventory | 00:00:00 | ||
Multiple Choice Question 5 – Special Journals | 00:00:00 | ||
Section 5 - Cash Receipts Journal | |||
Cash Receipts Journal Overview | 00:00:00 | ||
Cash Receipts Journal | 00:00:00 | ||
Worksheet – Cash Receipts Journal | 00:00:00 | ||
Multiple Choice Question 6 – Special Journals | 00:00:00 | ||
Multiple Choice Question 1 – Special Journals | 00:00:00 | ||
Section 6 - Cash Payments Journal | |||
Cash Payments Journal Overview | 00:00:00 | ||
Cash Payments Journal Service Company | 00:00:00 | ||
Worksheet Cash Payment Journal | 00:00:00 | ||
Multiple Choice Question 8 – Special Journals | 00:00:00 | ||
Multiple Choice Question 7 – Special Journals | 00:00:00 | ||
CPA Exam Part 1 | 00:00:00 | ||
Section 7 - Comprehensive Problem | |||
Comprehensive Problem Overview | 00:00:00 | ||
Comprehensive Problem Special Journals Part 1 | 00:00:00 | ||
Comprehensive Problem Special Journals Part 2 | 00:00:00 | ||
Comprehensive Problem Special Journals Part 3 | 00:00:00 | ||
Comprehensive Problem Special Journals Part 4 | 00:00:00 | ||
Comprehensive Problem Special Journals Part 5 – Adjusting Entries | 00:00:00 | ||
Comprehensive Problem Special Journals Part 6 – Financial Statements | 00:00:00 | ||
Comprehensive Problem Special Journals Part 7 – Closing Process | 00:00:00 | ||
Section 8 - Definition Of Terms | |||
Accounts Payable Ledger | 00:00:00 | ||
Accounts Receivable Ledger | 00:00:00 | ||
Cash Disbursements Journal | 00:00:00 | ||
Check Register | 00:00:00 | ||
Compatibility Principle | 00:00:00 | ||
Controlling Account | 00:00:00 | ||
Cost Benefit Principle | 00:00:00 | ||
General Ledger | 00:00:00 | ||
Purchase Requisition | 00:00:00 | ||
Sales Journal | 00:00:00 | ||
Subsidiary Ledger | 00:00:00 | ||
Section 9 - Discussion Questions And Downloadable Materials | |||
Discussion Question 1 | 00:00:00 | ||
Discussion Question 2 | 00:00:00 | ||
Discussion Question 3 | 00:00:00 | ||
Discussion Question 4 | 00:00:00 | ||
Discussion Question 5 | 00:00:00 | ||
Discussion Question 6 | 00:00:00 | ||
Downloadable Materials | 00:00:00 |