How It Works

Course outcomes

Upon completion of this course, you will be able to:

· Prepare a worksheet used for accumulating and sorting information needed for the financial statements.

· Prepare and Income Statement

· Prepare a Balance Sheet

· Prepare a Statement of Changes in Owner’s Equity

· Post closing entries for the accounting period

Course objectives

· Students will be able to prepare a worksheet that shows the unadjusted trial balance, adjustments, adjusted trial balance, and columns for financial statements.

· Students will learn how to use the worksheet to prepare the Income Statement and the Balance Sheet.

· Students will be able to prepare and post-closing entries so that the books are ready for the next accounting cycle.

About Online Learning

Online learning is a fun, enjoyable and very productive way to learn. Millions of people are learning online each year. You will engage with the instructor and other participants. You will get to know your instructor and other participants. You may make friends. It's easy. It's fun.

UGotClass Refund Policy:

We are happy to offer a full refund through the second week of a class or certificate. After the second week of class no refund will be provided. Please email info@ugotclass.org with any questions.

How the Course Works

It is easy to participate in your online course. After you register, you will be given a web address to go to get into your online classroom. You will have a password and use your email address and password to gain access. Once inside the online classroom, here's what you can expect.

What You Will Do

For each Unit, you will:

Access the online readings
Listen to the audio presentation for the Unit and view the slides
Take a self-quiz to see how much you have learned
Engage in written online discussion with your instructor and other participants

For best learning, you should make one or more comments at 2-3 different times each day.

The content (readings, audio lectures, slides) and self-quizzes are accessible for the entire course, so you can work ahead, or go back and review again, at your convenience.

Participate When You Want

You can participate any time of day or evening. The online classroom is open 24 hours a day, 7 days a week. There are no live real-time requirements or meetings. You decide when you participate.

For the best learning, participants should log into the course on 2-3 different days of the week.

Discussion

The Discussion for each Unit lasts one week. All comments are made in writing and can be made at any time of the day or night.

Your instructor will log into the Discussion area at least once a day and answer questions, make comments, and respond to comments by you and the other participants.

We encourage you to make 2-3 comments each day to maximize your learning and enjoyment of the course.

Montgomery College

Closing Procedures and Financial Statements