Last Updated on March 24, 2024 by GeeksGod

Course : Excel Accounting Problem

Free Udemy Coupon: Excel Accounting Issue

This course will walk through a comprehensive accounting problem using Microsoft Excel in a step-by-step process. You may also use another spreadsheet software like Google Sheets.

Learners will learn how to navigate Microsoft Excel

as well as how to create a well-designed accounting worksheet, complete with a general journal, trial balance, general ledger, subsidiary ledgers for accounts receivable, accounts payable, & inventory, financial statements and much more.

Excel is a very good tool to learn accounting because it is much more transparent than a database program, like accounting software, QuickBooks being a common example of accounting software.

As we enter transactions into our Microsoft Excel worksheet, we will discuss how the data input would commonly be entered into accounting software like QuickBooks and what data input forms would normally drive the transactions.

The course will start out from a blank Excel Worksheet. We will build the outline for our accounting system from the blank spreadsheet.

For each new step in the process, you will have access to a downloadable Excel Workbook

, containing at least two tabs, one with the answer, the new steps being completed, the other starting out where the prior presentation left off.

Therefore, you can complete the entire problem starting from one blank spreadsheet, or you can jump forward in the problem and rework any component of the problem by downloading the related worksheet at that point in the process.

After constructing the outline of our accounting worksheet, the first section will discuss the most common accounting transactions and the data input form often used in accounting software, like QuickBooks, to enter them, common data input forms including invoice, bill, deposit. . .

We will then start our comprehensive problem, constructing a new Excel worksheet and entering beginning balances into it, imagining that we had a prior accounting system which we are now converting to our new accounting system in Excel.

We will then enter two-months worth of data input. When entering the accounting data we will create the journal entry, post it to the trial balance, giving us a good look at which accounts are impacted, post to the general ledger, and make adjustments to any subsidiary ledgers needed.

We will also update the financial statements periodically.

For the second month of operations, we create a bit more complex trial balance, allowing us to calculate both the year-to-date numbers, including both months of data input, and the current period numbers, showing income statement accounts for just the second month of operations.

After entering two months of data input, we will process two bank reconciliations, using mock bank statements. As we construct our bank reconciliations, we will discuss how accounting software often accomplishes this task.

Next, we will adjust our worksheet to enter period end adjusting journal entries as well as reversing entries. For each adjusting entry we will consider the reasons for it and how to set up the accounting system so that our adjusting entries do not mess up the data input process in the accounting department.

After entering the adjusting entries we will construct our financial statements.

Free Udemy Coupon: Excel Accounting Issue

With this course, you will gain a comprehensive understanding of accounting practices using Microsoft Excel. You will learn how to navigate Excel, create accounting worksheets, and generate financial statements. By utilizing the step-by-step process and downloadable Excel workbooks, you can easily apply what you learn to real-world scenarios.

In addition, the course covers common accounting transactions and input forms, allowing you to gain practical knowledge that can be applied to accounting software like QuickBooks. The comprehensive problem-solving approach ensures that you are prepared to handle various accounting tasks, from entering journal entries to reconciling bank statements.

Throughout the course, emphasis is placed on accuracy and maintaining data integrity. You will learn how to make adjusting entries without disrupting the accounting process and create accurate financial statements.

Excel Accounting Issue: Learn Accounting with Microsoft Excel

Microsoft Excel offers a transparent and user-friendly platform for learning accounting principles. This course takes advantage of Excel’s capabilities to provide hands-on experience in accounting. Whether you are a beginner or experienced accountant, this course will enhance your skills and improve your understanding of accounting concepts.

By focusing on Excel as a tool for accounting, you will develop a strong foundation and gain confidence in your abilities. With downloadable Excel workbooks and step-by-step guidance, you can practice and reinforce your knowledge at your own pace.

Don’t miss out on this opportunity to improve your accounting skills and enhance your career prospects. Enroll now and take advantage of the free Udemy coupon for the Excel Accounting Issue course.

Free Udemy Coupon: Excel Accounting Issue

This course will walk through a comprehensive accounting problem using Microsoft Excel in a step-by-step process. You may also use another spreadsheet software like Google Sheets.

Learners will learn how to navigate Microsoft Excel

as well as how to create a well-designed accounting worksheet, complete with a general journal, trial balance, general ledger, subsidiary ledgers for accounts receivable, accounts payable, & inventory, financial statements and much more.

Excel is a very good tool to learn accounting because it is much more transparent than a database program, like accounting software, QuickBooks being a common example of accounting software.

As we enter transactions into our Microsoft Excel worksheet, we will discuss how the data input would commonly be entered into accounting software like QuickBooks and what data input forms would normally drive the transactions.

The course will start out from a blank Excel Worksheet. We will build the outline for our accounting system from the blank spreadsheet.

For each new step in the process, you will have access to a downloadable Excel Workbook

, containing at least two tabs, one with the answer, the new steps being completed, the other starting out where the prior presentation left off.

Therefore, you can complete the entire problem starting from one blank spreadsheet, or you can jump forward in the problem and rework any component of the problem by downloading the related worksheet at that point in the process.

After constructing the outline of our accounting worksheet, the first section will discuss the most common accounting transactions and the data input form often used in accounting software, like QuickBooks, to enter them, common data input forms including invoice, bill, deposit. . .

We will then start our comprehensive problem, constructing a new Excel worksheet and entering beginning balances into it, imagining that we had a prior accounting system which we are now converting to our new accounting system in Excel.

We will then enter two-months worth of data input. When entering the accounting data we will create the journal entry, post it to the trial balance, giving us a good look at which accounts are impacted, post to the general ledger, and make adjustments to any subsidiary ledgers needed.

We will also update the financial statements periodically.

For the second month of operations, we create a bit more complex trial balance, allowing us to calculate both the year-to-date numbers, including both months of data input, and the current period numbers, showing income statement accounts for just the second month of operations.

After entering two months of data input, we will process two bank reconciliations, using mock bank statements. As we construct our bank reconciliations, we will discuss how accounting software often accomplishes this task.

Next, we will adjust our worksheet to enter period end adjusting journal entries as well as reversing entries. For each adjusting entry we will consider the reasons for it and how to set up the accounting system so that our adjusting entries do not mess up the data input process in the accounting department.

After entering the adjusting entries, we will construct our financial statements.

Free Udemy Coupon: Excel Accounting Issue

With this course, you will gain a comprehensive understanding of accounting practices using Microsoft Excel. You will learn how to navigate Excel, create accounting worksheets, and generate financial statements. By utilizing the step-by-step process and downloadable Excel workbooks, you can easily apply what you learn to real-world scenarios.

In addition, the course covers common accounting transactions and input forms, allowing you to gain practical knowledge that can be applied to accounting software like QuickBooks. The comprehensive problem-solving approach ensures that you are prepared to handle various accounting tasks, from entering journal entries to reconciling bank statements.

Throughout the course, emphasis is placed on accuracy and maintaining data integrity. You will learn how to make adjusting entries without disrupting the accounting process and create accurate financial statements.

Excel Accounting Issue: Learn Accounting with Microsoft Excel

Microsoft Excel offers a transparent and user-friendly platform for learning accounting principles. This course takes advantage of Excel’s capabilities to provide hands-on experience in accounting. Whether you are a beginner or an experienced accountant, this course will enhance your skills and improve your understanding of accounting concepts.

By focusing on Excel as a tool for accounting, you will develop a strong foundation and gain confidence in your abilities. With downloadable Excel workbooks and step-by-step guidance, you can practice and reinforce your knowledge at your own pace.

Don’t miss out on this opportunity to improve your accounting skills and enhance your career prospects. Enroll now and take advantage of the free Udemy coupon for the Excel Accounting Issue course.