BOOK-105

Advanced Bookkeeping

CREDITS: 2
LENGTH: 6 weeks
CAMPUS:
STARTS:
REQUISITES: Prerequisite: BOOK-103 minimum B
 
DESCRIPTION:
Advanced Bookkeeping continues with a focus on adjusting the balance sheet to accurately reflect balance at the fiscal year end. To accomplish this, the student will learn how to calculate the required adjustments for bad debts, prepaid expenses, depreciation on fixed assets, inventory valuations and unearned rent. The student will then prepare an eight column worksheet and post all the yearend adjustments, thereby creating the adjusted balances which are used to prepare the yearend financial statements. Once completed, they will then review the procedures for closing the books at yearend.

Course Schedule

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