Accounting Equation in Excel - First Month of Data Input
- 4.5
- (4+ reviews)
- Created by Robert (Bob) Steele
- Language: English
Description
This comprehensive course is designed to guide participants through the process of transitioning accounting data from a prior system into a new system using Excel. With a focus on accuracy and structure, the course begins by teaching students how to enter beginning balances into the new system using an accounting equation format. This foundational step ensures that all financial data is correctly aligned and ready for further processing.
As the course progresses, participants will record one full month of transaction data, applying practical techniques to manage and input financial information efficiently. Alongside this, students will learn to integrate critical subledgers into the system, including accounts receivable, accounts payable, and inventory. These subledgers provide an organized framework for tracking detailed transactions, enabling participants to maintain clarity and precision throughout the process.
The course concludes with the preparation of essential financial statements, including a balance sheet and an income statement. These outputs will demonstrate the successful transition of data and provide insights into the performance of the new system. By the end of the course, participants will have gained valuable, hands-on experience with Excel-based accounting workflows, making it an ideal choice for accounting professionals looking to enhance their technical expertise in system transitions.
Course Info
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