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Provided by: Serebra Learning Corporation

Accounting Systems and Closing Activities

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Some businesses carry out hundreds of transactions in a single day. You can imagine the accounting data at the end of the day, or the end of the month. Ultimately, these transactions can be categorized into a few different types. Organizing the transactions through special journals actually reduces the work and allows you to be more efficient in your accounting activities at the end of every period. Efficient accounting activities are an important aspect to a successful and profitable business. This practical course shows you how to maintain an accounting system and perform closing activities in three lessons, "Special Journals," "Subsidiary Ledgers," and "Closing Activities." Individuals who require knowledge of the basics of accounting, who are starting a business, who are learning to manage the accounting activities of a business, who need to review standard accounting principles and procedures, shareholders, or potential shareholders.

Training Avaliability and Delivery

This is primarily online training
on-line e-learning cbt (computer based)This is an online eLearning or CBT training program
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Training Presented in:English

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Training Program Details


Audience

Individuals who require knowledge of the basics of accounting, who are starting a business, who are learning to manage the accounting activities of a business, who need to review standard accounting principles and procedures, shareholders, or potential shareholders.

Topics

Objectives

    Special Journals
  • recognize the benefits of using special journals.
  • sequence the steps to recording a transaction in the Cash Receipts Journal for a given scenario.
  • match given data from a transaction to its appropriate column in the Cash Disbursement Journal.
  • determine the correct entries in the Sales Journal in a given transaction.
  • sequence the entries to a Sales Returns and Discounts Journal for a given transaction.
  • calculate the payment based on the discount period for a given transaction.
  • determine the correct Purchases Journal entries for a given transaction.Subsidiary Ledgers
  • recognize the benefits of using subsidiary ledgers to achieve efficiency.
  • sequence the posting procedures for the Accounts Receivable Ledger for a given scenario.
  • sequence the posting procedures for the Accounts Payable Ledger for a given transaction.
  • determine the accuracy of the subsidiary ledgers based on schedules for a given scenario. Closing Activities
  • recognize

About Serebra Learning Corporation - Training Provider

Serebra Learning Corporation - Serebra Learning Corporation provides technology-based training solutions through a combination of Cortex, its proprietary learning management system (LMS), and a curriculum catalog with over 1,825 current courseware titles. Founded in 1987 (as FirstClass Systems, with a name change to Serebra in 2001), Serebra has over sixteen years" experience delivering e-learning solutions to both...

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