Course curriculum

    1. Comprehensive PDF (Written) Corporation Accounting Problem

    1. 2 Financial Transactions

    2. PDF - 10 Corp Prob Worksheet

    3. Worksheet - 10 B Corp Prob Worksheet

    4. Worksheet - 10 C Corp Prob Worksheet

    5. 10 Corporation Comp. Prob. Worksheet

    6. PDF - 20 Corp Comp Prob Stock Purchase

    7. Worksheet - 20 B Corporation Comp Prob Stock Purchase

    8. Worksheet - 20 C Corporation Comp Prob Stock Purchase

    9. 20 Corporation Comp. Prob. Stock Issuance

    10. PDF - 30 Corporation Comp Prob Equipment Purchase

    11. Worksheet - 30 B Corporation Comp Prob Equipment Purchase

    12. Worksheet - 30 C Corporation Comp Prob Equipment Purchase

    13. 30 Corporation Comp. Prob. Equipment Purch

    14. PDF - 40 Corporation Comp Prob Supplies Purchase

    15. Worksheet - 40 B Corporation Comp Prob Supplies Purchase

    16. Worksheet - 40 C Corporation Comp Prob Supplies Purchase

    17. 40 Corporation Comp. Prob. Purchase Supplies

    18. PDF - 50 Corp Comp Prob Rev on Account

    19. Worksheet - 50 B Corporation Comp Prob Rev on Account

    20. Worksheet - 50 C Corporation Comp Prob Rev on Account

    21. 50 Corporation Comp. Prob. Revenue on Account

    22. PDF - 60 Corp Comp Prob Unearned Revenue

    23. Worksheet - 60 B Corporation Comp Prob Unearned Revenue

    24. Worksheet - C Corporation Comp Prob Unearned Revenue

    25. 60 Corporation Comp. Prob. Unearned Revenue

    26. PDF - 70 Corp Comp Prob Purchase Insurance

    27. Worksheet - 70 B Corporation Comp Prob Purchase Insurance

    28. Worksheet - 70 C Corporation Comp Prob Purchase Insurance

    29. PDF - 90 Corp Comp Prob Pay Vendor

    30. Worksheet - 90 B Corporation Comp Prob Pay Vendor

    31. Worksheet 90 C Corporation Comp Prob Pay Vendor

    32. 90 Corporation Comp. Prob. Vendor Payment

    33. PDF - 100 Corp Comp Prob Receive Cash

    34. Worksheet - 100 B Corp Comp Prob Receive Cash

    35. Worksheet - 100 C Corp Comp Prob Receive Cash

    36. 100 Corporation Comp. Prob. Cash on Account

    37. PDF - 110 Corp Comp Prob Revenue for C

    38. Worksheet - 110 B Corp Comp Prob Revenue for C

    39. Worksheet - 110 C Corp Comp Prob Revenue for C

    40. 110 Corporation Comp. Prob. Cash for Work Done

    41. PDF - 120 Corp Comp Prob Pay Expenses

    42. Worksheet - 120 B Corp Comp Prob Pay Expenses

    43. Worksheet - 120 C Corp Comp Prob Pay Expenses

    44. 120 Corporation Comp. Prob. Pay Expenses

    45. PDF - 130 Corp Comp Prob Dividends

    46. Worksheet - 130 B Corp Comp Prob Dividends

    47. Worksheet - 130 C Corp Comp Prob Dividends

    48. 130 Corporation Comp. Prob. Dividends

    49. Accounting Comic Break

    1. 3 Adjusting Entries

    2. PDF - 140 Corp Comp Prob Adj Entry Insurance

    3. 140 B Corp Comp Prob Adj Entry Insurance

    4. 140 C Corp Comp Prob Adj Entry Insurance

    5. 140 Corporation Comp. Prob. Adj. Entry Insurance

    6. PDF - 150 Corp Comp Prob Adj Supplies

    7. Worksheet - 150 B Corp Comp Prob Adj Entry Supplies

    8. Worksheet - 150 C Corp Comp Prob Adj Entry Supplies

    9. 150 Corporation Comp. Prob. Adj. Entry Supplies

    10. PDF - 160 Corp Comp Prob Adj Depreciation

    11. Worksheet - 160 B Corp Comp Prob Adj Entry Depreciation

    12. Worksheet - 160 C Corp Comp Prob Adj Entry Depreciation

    13. 160 Corporation Comp. Prob. Adj. Entry Depreciation

    14. PDF - 170 Corp Comp Prob Adj Entry Wage

    15. Worksheet - 170 B Corp Comp Prob Adj Entry Wages

    16. Worksheet - 170 C Corp Comp Prob Adj Entry Wages

    17. 170 Corporation Comp. Prob. Adj. Entry Wages

    18. PDF - 180 Corp Comp Prob Adj Entry Unearned Revenue

    19. Worksheet - 180 B Corp Comp Prob Adj Entry Unearned Revenue

    20. Worksheet - 180 C Corp Comp Prob Adj Entry Unearned Revenue

    21. 180 Corporation Comp. Prob. Adj. Entry Unearned Rev.

    22. Accounting Comic Break

    1. 4 Financial Statements

    2. PDF - 190 Corp Comp Prob Financial Stmt Assets

    3. Worksheet - 190 B Corp Comp Prob Financial Stmt Assets

    4. Worksheet - 190 C Corp Comp Prob Financial Stmt Assets

    5. 190 Corporation Comp. Prob. Balance Sheet - Assets

    6. PDF - 200 Corp Comp Prob Liabilities & Equity

    7. Worksheet - 200 B Corp Comp Prob Liabilities & Equity

    8. Worksheet - 200 C Corp Comp Prob Liabilities & Equity

    9. 200 Corporation Comp. Prob. Balance Sheet Liabilities %26 Equ

    10. PDF - 210 Corp Comp Prob Net Income

    11. Worksheet - 210 B Corp Comp Prob Net Income

    12. Worksheet - 210 C Corp Comp Prob Net Income

    13. 210 Corporation Comp. Prob. Income Statement

    14. PDF - 220 Corp Comp Prob Stmt of Equity

    15. Worksheet - 220 B Corp Comp Prob Stmt of Equity

    16. Worksheet - 220 C Corp Comp Prob Stmt of Equity

    17. 220 Corporation Comp. Prob. Statement of Equity

    18. Accounting Comic Break

    1. 5 Closing Entries

    2. PDF - 230 Corp Comp Closing Entry One

    3. Worksheet - 230 B Corp Comp Closing Entry One

    4. Worksheet - 230 C Corp Comp Closing Entry One

    5. PDF - 240 Corp Comp Closing Entry Two

    6. Worksheet - 240 B Corp Comp Closing Entry Two

    7. Worksheet - 240 C Corp Comp Closing Entry Two

    8. 240 Corporation Comp. Prob. Closing Entry Two

    9. PDF - 250 Corp Comp Closing Entry Three

    10. Worksheet - 250 B Corp Comp Closing Entry Three

    11. Worksheet - 250 C Corp Comp Closing Entry Three

    12. 250 Corporation Comp. Prob. Closing Entry Three

    13. PDF - 260 Corp Comp Closing Entry Four

    14. Worksheet - 260 B Corp Comp Closing Entry Four

    15. Worksheet - 260 C Corp Comp Closing Entry Four

    16. 260 Corporation Comp. Prob. Closing Entry Four

    17. Accounting Comic Break

About this course

  • Free
  • 107 lessons
  • 3.5 hours of video content

Description

Full accounting cycle comprehensive corporate problem where we will enter journal entries into the general journal related to setting up a corporation and to the first month of operations. 

What you'll learn

  • Enter accounting transaction
  • Enter journal entries into a general journal
  • Post journal entries to a general ledger
  • Create a trial balance from a general ledger
  • Enter adjusting entries
  • Create an adjusted trial balance
  • Create financial statements from the trial balance
  • Build a balance sheet
  • Build an income statement
  • Build a statement of stockholders’ equity

We will enter the normal financial transaction for a month of operations, recording the debits and credits, or journalizing the financial transactions in the general journal.

We will perform these tasks using downloadable PDF worksheets. Even though this is a comprehensive problem, each new step will have a new downloadable PDF worksheet so that we can jump forward or go back and rework any component of the comprehensive problem.

Each new step in the process will include a downloadable PDF worksheet with at least two components, one demonstrating the completed task, and one with a preformatted worksheet to complete the task in a step by step format along with instructional videos.

Once we have journalized the journal entries, we will post them to the general ledger and then create a trial balance from the general ledger.

After completing the accounting transactions for the month, we will enter adjusting journal entries for the month, using an adjusting entry worksheet, the result being an adjusted trial balance.

We will use the adjusted trial balance to create the financial statements, to create the balance sheet, income statement, and statement of shareholders’ equity.

Finally, we will enter the closing entries to prepare for the next accounting period, the next month of operations. We will use a four-step closing process.

Who will we be learning from?

You will be learning from somebody who has technical experience in accounting concepts and in accounting software like QuickBooks, as well as experience teaching and putting together curriculum.

Robert (Bob) Steele CPA CGMA CPI MStax

Instructor

Through working with students from many different schools, Mr. Steele has learned best practices for helping people understand accounting fast. Learning new skills and finding the best way to share knowledge with people who can benefit from it is a passion of his.

Mr. Steele has experience working as a practicing Certified Public Accountant (CPA), an accounting and business instructor, and curriculum developer. He has enjoyed putting together quality tools to improve learning and has been teaching, making instructional resources, and building curriculum since 2009. He has been a practicing CPA since 2005. Mr. Steele is a practicing CPA, has a Certified Post-Secondary Instructor (CPI) credential, a Master of Science in taxation from Golden Gate University, a Bachelor’s Degree in Business Economics with an emphasis in accounting from The University of California Santa Barbara, and a Global Management Accounting Designation (CGMA) from The American Institute of CPA (AICPA).

Mr. Steele has also authored five books that can be found on Amazon or in audiobook format on Audible. He has developed bestselling courses in accounting topics including financial accounting and QuickBooks accounting software.

In addition to working as an accountant, teaching, and developing courses Mr. Steele has helped create an accounting website at accountinginstruction, a YouTube channel called Accounting Instruction, Help, and How Too, and has developed supplemental resources including a Facebook Page, Twitter Page, and Podcasts that can be found on I-tunes, Stitcher, or Soundcloud. Mr. Steele’s teaching philosophy is to make content applicable, understandable, and accessible.

Adult learners are looking for application when they learn new skills. In other words, learners want to be able to apply skills in the real world to help their lives. Mr. Steele’s formal accounting education, practical work experience, and substantial teaching experience allow him to create a curriculum that combines traditional accounting education with practical knowledge and application. He accomplishes the goals of making accounting useful and applicable by combining theory with real-world software like Excel and QuickBooks.

Many courses teach QuickBooks data entry or Excel functions but are not providing the real value learners want. Real value is a result of learning technical skills like applications, in conjunction with specific goals, like accounting goals, including being able to interpret the performance of a business.

Mr. Steele makes knowledge understandable by breaking down complex concepts into smaller units with specific objectives and using step by step learning processes to understand each unit. Many accounting textbooks cram way too much information into a course, making it impossible to understand any unit fully. By breaking the content down into digestible chunks, we can move forward much faster.

Mr. Steele also makes use of color association in both presentations and Excel worksheets, a learning tool often overlooked in the accounting field, but one that can vastly improve the speed and comprehension of learning accounting concepts.

The material is also made understandable through the application of concepts learned. Courses will typically demonstrate the accounting concepts and then provide an Excel worksheet or practice problems to work through the concepts covered. The practice problems will be accompanied by an instructional video to work through the problem in 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.

Mr. Steele makes learning accounting accessible by making use of technology and partnering with teaching platforms that have a vision of spreading knowledge.