0403 Accounting Process
Part of the Accounting Section of the CEA Curriculum
In this series of videos, we discuss the accounting cycle. This process begins with analyzing and journalizing, recording to ledgers, summarizing and making adjustments and finally, preparing financial statements which are used to analyzed business operations.
This course is a good review and overview for bookkeepers and accountants alike. It will provide insight into how common bookkeeping errors and oversights can have cascading ripple effects upon the entire financial reporting process.
After completing this course, you will be able to:
- Explain the basic journalizing process.
- Understand the various types of accounts and how they relate to the general ledger accounts and how those are reflected in the financial statements.
- Describe the various kinds of errors that can remain hidden in the financial records.
- Understand how to analyze and journalize a transaction.
|Understanding the Accounting Process||FREE||00:02:00|
|Bookkeeping and Journalizing||00:28:00|
|Deeper Understanding of Journalizing||00:16:00|
|The Adjustment Process||00:16:00|
|Further Adjustments and Summarizing||00:27:00|
|Preparing the Financial Statement||00:06:00|
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