Accounting Excel - Adjusting Entries – Example Problems

Sharpen your financial accounting skills with our comprehensive course on adjusting entries and financial statements! This practical course focuses on mastering the adjusting entry process through extensive Excel practice problems.

Often misunderstood, the adjusting entry process isn't about correcting errors; it's a fundamental component of the accounting cycle. We'll explore how it aligns with accrual accounting principles, specifically focusing on recognizing revenue and expenses at the correct timing. Learn how to plan for and enter normal transactions to streamline the adjusting process at the end of each accounting period.

You'll gain hands-on experience with the impact of adjusting entries on both the balance sheet and income statement. After completing these entries, we'll utilize an adjusted trial balance to prepare key financial statements: the balance sheet, income statement, and statement of equity.

Learn from an experienced instructor with a strong background in accounting concepts and accounting software like QuickBooks. Our instructor holds the following credentials:

• CPA – Certified Public Accountant
• CGMA – Chartered Global Management Accountant
• Master of Science in Taxation
• CPS – Certified Post-Secondary Instructor
• Curriculum Development Expert

With years of experience as a practicing CPA, the instructor has tackled a wide range of technical accounting issues. As a seasoned professor and CPS, they have a proven ability to teach accounting to students across various disciplines. They also bring expertise in designing effective learning experiences and utilizing software like QuickBooks Pro.

Enroll now and confidently navigate financial accounting, adjusting entries, and the creation of accurate financial statements!