Course curriculum

    1. Excel Download

    2. 7.05 Owner Deposit & Loan Deposit

      FREE PREVIEW
    3. Excel Download

    4. 7.10 Purchase Furniture & Record Investment

      FREE PREVIEW
    5. Excel Download

    6. 7.20 Part 1 Invoice Transaction

      FREE PREVIEW
    7. Excel Download

    8. 7.20 Part Two Create on Invoice Transaction

      FREE PREVIEW
    9. Excel Download

    10. 7.25 Receive Payment Part 1

    11. Excel Download

    12. 7.25 Receive Payment Part 2

    13. Excel Download

    14. 7.25 Receive Payment Part 3

    15. Excel Download

    16. 7.30 Cash Sales Transaction Part 1

    17. Excel Download

    18. 7.30 Part 2 Cash Sales Service

    19. Excel Download

    20. 7.35 Deposit Part 1

    21. Excel Download

    22. 7.35 Deposit Part 2

    23. Excel Download

    24. 7.40 Part 1 Inventory Payment

    25. Excel Download

    26. 7.40 Part 2 Inventory Payment

    27. Excel Download

    28. 7.45 Invoice for Preordered Item Part 1

    29. Excel Download

    30. 7.45 Invoice for Preordered Item Part 2

    31. Excel Download

    32. 7.50 Receive Payment & Make Deposit

    33. Excel Download

    34. 7.55 Part 1Write Check

    35. Excel Download

    36. 7.55 Part 2 Write Check Part 2

    37. Excel Download

    38. 7.60 Pay Bills

    39. Excel Download

    40. 7.65 Customer Jobs

    41. Excel Download

    42. 7.70 Payroll

    43. Excel Download

    44. 7.75 Job Sales Recept

    45. Excel Download

    46. 7.80 Financial Statements & Reports

    47. Excel Download

    48. 7.80 Financial Statements & Reports

    49. Excel Download

    50. 7.92 Worksheet Month Two

    1. Excel Download

    2. 8.05 Make Loan Payments

    3. Excel Download

    4. 8.10 Short Term Investment

    5. Excel Download

    6. 8.20 Receive Inventory With Bill Part 1

    7. Excel Download

    8. 8.20 Receive Inventory With Bill Part 2

    9. Excel Download

    10. 8.25 Part 1 Sales Receipt & Deposit

    11. Excel Download

    12. 8.25 Part 2 Sales Receipt & Deposit

    13. Excel Download

    14. 8.30 Advanced Payment From Customer

    15. Excel Download

    16. 8.35 Apply Credit to Incoice

    17. Excel Download

    18. 8.40 Record Sales on Account

    19. Excel Download

    20. 8.45 Advance Customer Payment

    21. Excel Download

    22. 8.50 Bills Track & Pay

    23. Excel Download

    24. 8.55 Customer Payment on Account

    25. Excel Download

    26. 8.60 Pay Sales Tax

    27. Excel Download

    28. 8.65 Pay Payroll Tax

    29. Excel Download

    30. 8.70 Enter Bills & Pay Bills

    31. Excel Download

    32. 8.75 Service Item & Invoices

    33. Excel Download

    34. 8.77 Purchase Equipment with Debt

    35. Excel Download

    36. 8.80 Payroll

    37. Excel Download

    38. 8.90 Rental Income

    39. 8.95 Financial Statements

    1. Excel Download

    2. 9.10 Bank Reconciliation January

    3. Excel Download

    4. 9.12 Bank Reconciliation Adjusting Entries January

    5. Excel Download

    6. 9.15 Bank Reconciliation February

    7. Excel Download

    8. 9.20 Bank Reconciliation Feb. Adjusting Entries

    1. Excel Download

    2. 10.10 Loan Payable Adjusting Entry Part 1

    3. Excel Download

    4. 10.15 Loan Payable Adjusting Entry Part 2

    5. Excel Download

    6. 10.20 Accrued Interest Adjusting Entry

    7. Excel Download

    8. 10.25 Invoice Adjusting Entry

    9. Excel Download

    10. 10.40 Prepaid Insurance Adjusting Journal Entry

    11. Excel Download

    12. 10.45 Depreciation Adjusting Entry

    13. Excel Download

    14. 10.50 Unearned Revenue Adjusting Entry

    15. Excel Download

    16. 10.300 Accrued Interest Reversing Entry

    17. Excel Download

    18. 10.350 Accounts Receivable Reversing Entry

    19. Excel Download

    20. 10.550 Unearned Revenue Reversing Entry

    21. Excel Download

    22. 10.60 Financial Statements

    23. Excel Download

    24. 10.65 Closing Process February

About this course

  • $500.00
  • 132 lessons
  • 20 hours of video content

Description

Full accounting cycle comprehensive corporate problem. This comprehensive problem will enter transaction for a full accounting cycle for a company that has both merchandising transactions, those related to inventory, and service transactions. 

We will also make comparisons to entering data using journal entries to entering data into an accounting software system as we go. 

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
  • Navigate an Excel worksheet
  • Enter standard Excel formulas

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 preformatted Excel worksheets. Even though this is a comprehensive problem, each new step will have a new Excel 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 an Excel worksheet with at least two tabs, 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 owners’ 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.

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.