
Welcome to the 6th Lesson of the course - Extracting Ledger to Trial Balance
The key learning outcomes are:
- Define what a trial balance is.
- Explain the purpose and importance of a trial balance in accounting.
- Identify the position of the trial balance within the accounting cycle.
- Describe the relationship between the journal, ledger, trial balance, and financial statements.
- Prepare a trial balance using information from ledger accounts.
- Recognize common types of errors found in a trial balance.
- Apply methods to identify and correct trial balance errors.
The Course is a comprehensive learning module that provides students with a structured introduction to the fundamental principles and concepts of financial accounting. It consists of 20 lessons, covering most of the essential topics in Financial Accounting such as financial statements, bookkeeping, accounting principles, and financial decision-making. Through interactive learning methods, coupled with thorough online and offline resources, worksheets, and recommended assessments, students will develop the skills to analyze financial data, prepare reports, and apply accounting techniques in real-world business scenarios.
By the end of this course, students will be able to:
Understand core accounting principles and their real-world applications.
Distinguish between financial and management accounting.
Prepare and interpret financial statements.
Apply key accounting techniques to analyze financial performance.
Work with numerical data using spreadsheets and accounting software.
Engage in collaborative financial analysis projects.
The lesson plan are structured following this sequenced:
Part I. Introduction & Foundations (Lessons 1-7)
Module Overview and Learning Goals
Accounting concepts and Business Types
Accounting cycle, Double-Entry Bookkeeping
Accounting Equation and The Three Types of Accounts
Journal, Ledger and Posting
Extracting Ledgers to Trial Balance
Adjustment and Adjusted Trial Balance
Part III. Financial Statements (Lessons 8-11)
8. Accounting Principles and Ethics
9. Trial Balance to Financial Statements, Income Statement
10. Balance Sheet
11. Cash and Cash Flow Statement
Part VI. Asset Valuation & Adjustments (Lessons 12-14)
12. Current and Noncurrent Assets and Liabilities
13. Depreciation
14. Inventory
Part V. Financial Report and Analysis (Lessons 15-18)
15. Financial Report and Analysis
16. Ratio Analysis and Interpretation
17. Ratio Analysis Example 1
18. Ratio Analysis Example 2
Part IV. Advanced Topics - Equity Finance & Stock Market (Lessons 19-20)
19. Corporate Equity and Stock Market Basic
20. Partnership Accounting
This course is designed for students who are new to or unfamiliar with accounting and finance, as well as those interested in gaining foundational knowledge of the subject. It equips learners with the essential skills needed for further study or professional application.
All the best with your study.
Something went wrong, please try again later.
This resource hasn't been reviewed yet
To ensure quality for our reviews, only customers who have purchased this resource can review it
to let us know if it violates our terms and conditions.
Our customer service team will review your report and will be in touch.