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MERLOT II


    

Personal Collection Detail View


Accounting Cycle

by Rudy Lopes
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Description:
The Accounting Cycle is a series of steps which are repeated every reporting period. The process starts with making accounting entries for each transaction and goes through closing the books.

Authorized users only:


1.

My Accounting Cycle - Flash Cards


Added 11/24/2007
Use these flash cards to practice your grasp of debits, credits, the journaling process, and other terms associated with the accounting cycle.
2.

Accounting Cycle Overview


Added 11/24/2007
The Accounting Cycle is a series of steps which are repeated every reporting period. The process starts with making accounting entries for each transaction and goes through closing the books. Use this tutorial for an overview of the accounting cycle, covering activities required both during and at the end of the accounting period.
3.

Adjusting Entries in Accounting


Added 11/24/2007
Adjusting Entries are journal entries that are made at the end of the accounting period to adjust expenses and revenues to the accounting period where they actually occurred. Learn from examples of each type in this tutorial.
4.

Balancing an Unbalanced Trial Balance


Added 11/24/2007
Preparing a trial balance is a key step in the accounting cycle, but what do you do if your trial balance doesn't balance. Learn how to troubleshoot your trial balance problems with this free tutorial.
5.

Chart of Accounts


Added 11/24/2007
The chart of accounts is a numerical listing of all identified accounts used by a company to record transactions. Learn more about the chart of accounts with this free tutorial.
6.

General Ledger Accounting


Added 11/24/2007
The general ledger is where all accounting transactions are posted in a double entry system using debits (on the left) and credits (on the right) for each transaction. Learn about the general ledger in this tutorial.
7.

Preparing a Trial Balance


Added 12/08/2007
After entering your transactions, preparing a trial balance is the next step in the accounting cycle. Learn how to build your trial balance with this free tutorial.
8.

Overview of Financial Statements


Added 11/24/2007
After preparing your adjusted trial balance, the next step in the accounting cycle is to prepare your financial statements. Learn about the balance sheet, income statement, statement of cash flow, and retained earnings statement in this tutorial.
9.

Debits and Credits


Added 11/24/2007
The most critical concept for any accounting student to master is an understanding of debits and credits. Many textbooks can be confusing, but this tutorial should put you on the right path.
10.

Accounting Cycle Quiz


Added 11/24/2007
Review accounting cycle terms and definitions like adjusting entries, the chart of accounts, and adjusted trial balance with this 10 random question quiz you can take as many times as you want.
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