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Adjusting entry creation, posting adjusting entries to a worksheet, creating financial statements from the trial balance
Closing processes including three formats of the closing process helping us better understand accounting concepts
Subsidiary ledgers for accounts receivable & accounts payable. Special Journals - Sales journal, purchases journal
Internal controls, bank reconciliations, and internal controls related to checking account
Accounts receivable valuation, allowance method, direct write off method, valuation of notes receivable, internist calc
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Depreciation calculation, straight line method, double declining method, units of production method and disposal assets
Payroll calculations - federal income tax, social security, Medicare - Payroll journal entries posted to ledger accounts
Use the direct method and indirect method to construct the financial statement explaining how to use accounting workeet
Process costing system-managerial accounting or cost accounting including equivalent unit calculation & journal entries
Common managerial accounting decisions analyzed using relevant cost methods that can apply to all large decisions