Last updated 8/2022
MP4 | Video: h264, 1280×720 | Audio: AAC, 44.1 KHz
Language: English | Size: 1.90 GB | Duration: 3h 7m
Bookkeeping Practice Set
What you’ll learn
Practice implementing basic bookkeeping knowledge
Apply the skills you’ve learned in our other courses
Understand the methods for small business bookkeeping
Experience practical, on-hands, tracking and management of accounting activity
Requirements
There are no prerequisites for the course but it will help if you’ve been through Bookkeeping Basics courses #1 and #2.
Description
Put your learning and skills to work using this one-of-a-kind, online video practice set. Work through a month of day-to-day transactions tracking financial activity for a fictitious, college bookstore. At the end of the month, practice entering adjusting entries, year-end closing entries, footing and balancing accounts, and preparing financial reports.Instructor Ron Trucks walks you through every step of the process including closing out the fiscal year and resetting your books to start a new year. Each step of the process includes explaining the upcoming work, analyzing and journalizing each piece of the financial activity, and checking your answers using the answer sheets provided. Also, Ron takes the time at the close of each week to explain what happened and how the work papers should look.Designed for students, beginner bookkeepers, and experienced pros wanting to brush up on their skills, the Hampton Book Store Practice Set is a guided journey offering the opportunity to complete the work in both manual and electronic formats. Users can print out work papers and work through them using a pencil, an eraser, and a calculator. OR… The support materials also include the entire set in electronic format using pre-formatted files in both Excel and Google Sheets.Along with all the materials included for this specific course, enrollment also includes free membership in bsnsAtlas’ PRIVATE, members-only Facebook group where developers, instructors and students from around the world are available around the clock to assist you and encourage you on through the process.
Overview
Section 1: Introducing the Practice Set
Lecture 1 What Is A "Practice Set"?
Lecture 2 What’s Included?
Lecture 3 Resources For The Introduction
Lecture 4 Tips For The Experience
Lecture 5 Meet The Hampton Book Store
Section 2: Setting Up Your Work
Lecture 6 Remembering It All…
Lecture 7 How The Practice Set Works
Lecture 8 Resources – Set Up
Lecture 9 Setting It All Up!
Lecture 10 Explaining The Quizzes
Section 3: Week #1
Lecture 11 Resources For The Transactions
Lecture 12 Week #1 – Explaining This Week’s Activities
Lecture 13 Week #1 – Analyze and Journalize Week #1
Lecture 14 Week #1 – Posting To The T-Accounts
Lecture 15 Check Week #1
Section 4: Week #2
Lecture 16 Week #2 – Explaining the Activities
Lecture 17 Week #2 – Analyzing and Journalizing
Lecture 18 Week #2 – Posting To The T-Accounts
Lecture 19 Check Week #2
Section 5: Week #3
Lecture 20 Picking Up The Pace
Lecture 21 Week #3 – Analyzing, Journalizing, and Posting
Lecture 22 Check Week #3
Section 6: Week #4
Lecture 23 Week #4 – Analyzing, Journalizing, and Posting
Lecture 24 Foot and Balance
Lecture 25 Pre-Adjustment Trial Balance
Lecture 26 Check Week #4
Section 7: End Of The Month
Lecture 27 Resources For The Adjustments
Lecture 28 Setting Up The Worksheet
Lecture 29 Adjusting Entries
Lecture 30 Journalizing and Posting The Adjustments, Post-Adj Trial Balance
Lecture 31 Income Statement and Balance Sheet
Section 8: End Of The Year
Lecture 32 Resources For Closing
Lecture 33 Refresher On Closing
Lecture 34 Closing Revenue
Lecture 35 Closing Expenses
Lecture 36 Closing Income Summary and Draw / Preparing Final Trial Balance
Section 9: Reference Section
Lecture 37 Manual vs Excel?
Lecture 38 Analyze or Journalize?
Section 10: What’s Next?
Lecture 39 BONUS: Extras for YOU!
Students who want to apply their previous bookkeeping learning.
Homepage
https://www.udemy.com/course/bsnsatlashbs/
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