Excel Accounting 6–Adjusting Entries & Financial Statements

Introduction

Are you looking to enhance your accounting skills but overwhelmed by complex software? The "Excel Accounting 6–Adjusting Entries & Financial Statements" course might just be the solution you need. This course provides a comprehensive guide to understanding and implementing adjusting entries and creating financial statements using Microsoft Excel. By the end of this course, you will have a solid grasp of how to accurately report financial statements on an accrual basis, making it a valuable asset for anyone in the accounting field.

Course Details

Course Curriculum Overview

The course is structured to focus on period-end adjusting entries, essential for accurate financial reporting. Here's a brief overview of what you can expect to learn:

Adjusting Entries: Understand what they are and how they fit into the accounting process.
Accrued Interest: Learn to enter adjusting and reversing entries for accrued interest.
Accounts Receivable and Revenue: Master the entries for accounts receivable or revenue.
Prepaid Insurance and Depreciation: Gain knowledge on adjusting entries for prepaid insurance and depreciation.
Unearned Revenue: Understand how to handle unearned revenue entries.
Loan Portions: Learn to break out the short-term and long-term portions of loans.
Financial Statements: Create financial statements from an adjusted trial balance.

Key Learning Outcomes

By the end of the course, you will be able to:

Navigate Microsoft Excel for accounting purposes.
Use a well-designed accounting worksheet.
Enter various adjusting and reversing entries accurately.
Construct financial statements from an adjusted trial balance.

Target Audience and Prerequisites

This course is designed for:

Accounting students and professionals looking to improve their skills in adjusting entries and financial statement preparation.
Anyone interested in using Excel for accounting tasks.

There are no prerequisites for this course, making it accessible to beginners as well as those with some accounting knowledge.

Course Duration and Format

The course comprises 4.5 hours of on-demand video content and includes 15 downloadable resources. It is accessible on mobile and TV, offering flexibility in how and where you learn.

Instructor Background

The course is taught by Robert (Bob) Steele, a highly experienced instructor with the following credentials:

CPA, CGMA, M.S. Tax, CPI
4.5 Instructor Rating
54,111 Reviews
932,722 Students
157 Courses

Bob's extensive experience and positive reviews make him a trusted source for accounting education.

Benefits & Applications

Practical Skills Gained

This course equips you with practical skills that are directly applicable in real-world accounting scenarios. You will learn:

How to use Excel for accounting tasks, making it easier to understand and track financial data.
The process of entering adjusting entries, crucial for accurate financial reporting.
How to create financial statements from an adjusted trial balance, a key skill for any accountant.

Real-World Applications

The skills learned in this course are highly applicable in various accounting contexts:

Small Businesses: Excel is often used by small businesses for accounting, making these skills immediately useful.
Accounting Firms: Understanding adjusting entries and financial statements is essential for accountants working in firms.
Freelancers: Freelance accountants can benefit from using Excel to manage their clients' financials efficiently.

Career Relevance

Mastering adjusting entries and financial statements can significantly enhance your career prospects in the accounting field. These skills are in high demand and can open doors to various roles, such as:

Staff Accountant
Financial Analyst
Bookkeeper

Industry Alignment

The course aligns well with industry standards, particularly in the use of Excel for accounting tasks. Many companies prefer Excel for its transparency and ease of use, making this course a valuable asset for anyone looking to work in accounting.

Standout Features

Unique Course Elements

One of the standout features of this course is its focus on using Excel for accounting tasks. Unlike many courses that rely on complex accounting software, this course uses Excel, which is more transparent and easier to understand.

Learning Materials and Resources

The course includes:

4.5 hours of on-demand video content.
15 downloadable resources, including Excel workbooks with answers and starting points for each new task.

These resources ensure that you have everything you need to follow along and practice the skills you're learning.

Support Features

Learners have access to the course on mobile and TV, providing flexibility in how and where they can study. Additionally, a certificate of completion is available upon finishing the course, which can be a valuable addition to your resume.

Course Updates Policy

The course content is regularly updated to ensure it remains relevant and aligned with current accounting practices. This ensures that learners always have access to the most up-to-date information and techniques.

Student Success

Learning Outcomes

Students who complete this course report a high level of satisfaction with the learning outcomes. They feel confident in their ability to handle adjusting