Topics in analyzing source documents, recording business transactions in a journal and posting entries in a ledger. How to prepare a trial balance, gather adjustment data and complete a worksheet are covered, as well as how to prepare financial statements and post-closing entries.
Note: General Accounting is a prerequisite for Analyzing Financial Statements.
- Describe the basic accounting cycle and define the basic elements used such as asset, liability, owner’s equity, revenue, and expense accounts and posting debits and credits
- Post to the general journal and general ledger, and prepare adjusting entries
- List the steps in the accounting cycle; prepare a post-closing trial balance and interim statements and the statement of owner’s equity
- Prepare a classified income statement and balance sheet, compute working capital and current ratio and journalize closing entries for a business
- Identify and perform functions relative to bank accounts and cash funds
Bank personnel at any level with little or no accounting background
This course requires proctored exams.
(Notify CFTEA Office of your choice of upcoming class of your choice by putting in note section of your order.)
- November 8, 2021 – March 11, 2022