Introduction

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Hello if we are a business owner who would like to run our business better by understanding the adjusting process and how it helps us to interpret financial data in order to run our business better, or a business professional who would like to advance our career by better understanding accounting concepts, including accrual concepts, or an accounting student who would like to get better at working problems much faster. This course is a course for us. Why choose this course. Although we will have a lot of instructional video we will include much more than instructional video including PDF files that can be downloaded and used as reference without internet access, as well as Excel practice files, which will give us a practical example of many of the problems we will work. We won't have an Excel file for every problem that we do or every PowerPoint that we see that we will include Excel problems in order to to master the concepts, and those Excel worksheets will already be formatted.

When we work those Excel worksheets, we will learn both the principles of the adjusting process as well as the basics of Excel addition, subtraction and cell relationships. We also have test questions this will mainly be in instructional video format to just get an idea of how multiple choice type questions could be asked in relation to the accrual process and practice the multiple choice questions as well as some short answer questions, which once again will give instructional videos for and see how a short problem that may be in the format of a multiple choice question could be formatted for a calculation type question and how to calculate those types of questions. We'll also have discussion questions and those are designed to be open ended questions designed for interaction between both students and myself. Within those discussion forums, a format students often find very useful in order to see and explore these topics with other students and see it rewarded in different formats in different ways from different people.

Who will we be learning from? We will be learning from a practicing certified public accountant, someone who has experience in both accounting as well as teaching and putting together curriculum. We'll be learning from someone who is a chartered Global Management accountant, someone who has a Masters of Science in taxation, someone who as a certified post secondary instructor designation, and curriculum design experts, someone who has experienced putting together curriculum curriculum in both a course content as well as series of courses in such a way that it makes sense linearly and students are able to go forward and backwards and get from those courses, what they want to what will we learn, we will be learning the adjusting process and the creation of the financial statements from the adjusted trial balance. This is going to be a step after the normal accounting transaction. have been recorded for a month or a year, then we have this adjusting process which really helps us to understand the accrual basis better.

Once the adjustments are made, then we use the adjusted trial balance to create the financial statements. So we'll discuss what the adjusting process is, we'll discuss why we need the adjusting process, we'll discuss the reversing entries, which is what's going to happen after we do the adjusting entries, we've got this reversing process and we'll decide which entries need reversing and whether or not it'd be a good idea to use the reversing process as opposed to some other process. And we will of course, create the final financial statements from the adjusted trial balance. We will also have many examples including a comprehensive problem in Excel which will better help us to understand these concepts, as well as help us to understand Excel. So we'll have both an example file showing exactly how all this fits together. And we will have the practice file that we can work through along with direction or videos or notes for financial accounting, adjusting entries and financial statements.

It will be great

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