Accounting Equation Using ExcelAnalyzing Form Transactions

Accounting Equation Using Excel-Analyzing Form Transactions
Published 1/2025
MP4 | Video: h264, 1920×1080 | Audio: AAC, 44.1 KHz

Breaking Down Transactions and Mastering the Accounting Equation with Practical Tools
What you’ll learn

xplain the purpose and function of key accounting forms such as bills, checks, and expense entries, and their impact on the accounting equation.

Break down financial transactions and evaluate their effects on subledgers, including Accounts Receivable, Accounts Payable, and Inventory.
Use Excel to replicate and record financial transactions in the accounting equation format.
Design Excel templates that simulate the functionality of accounting software for transaction recording and reporting.
Assess the accuracy of financial records by reconciling subledgers and identifying discrepancies in transaction flows.
Integrate knowledge of transaction impacts to produce comprehensive financial summaries and reports for decision-making.
Identify common financial forms and their corresponding roles in the accounting cycle.

Requirements

Basic Understanding of Accounting Concepts: Familiarity with foundational accounting principles, such as the accounting equation (Assets = Liabilities + Equity), is recommended but not mandatory. Beginners are welcome, as foundational concepts will be reviewed.

Access to a Computer: A computer with Microsoft Excel or a compatible spreadsheet application installed (such as Google Sheets) is required for hands-on exercises and practical applications.

Interest in Financial Processes: A desire to understand and analyze financial transactions and their impact on accounting records is essential for getting the most out of this course.
Description

Overview

Section 1: Setup Worksheet

Lecture 1 1025 Create Worksheet

Section 2: Excel-Vendor Cycle, Purchases Cycle, or Accounts Payable Cycle Transactions
Lecture 3 1180 Bills Form

Lecture 4 1200 Pay Bills Form – Check

Lecture 5 1260 Check Form

Lecture 6 1280 Void Check Prior Period Adjustment

Section 3: Excel-Customer Cycle, Sales Cycle, or Accounts Receivable Cycle Transactions
Lecture 7 1340 Invoice Form

Lecture 8 1360 Receive Payment Form

Lecture 9 1380 Deposit Form

Lecture 10 1400 Sales Receipts Form

Lecture 11 1420 Credit Memo Form

Section 4: Excel-Employee Cycle – Payroll Cycle Transactions
Lecture 12 1520 Pay Employees Form