Processing Cycle and Journal Entries Examples

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Skills You'll Learn

Ability to conceptualize financial accounting structure ad standards, Ability to produce financial statements through recognition measurement and reporting, Ability to conceptualize and apply the general approach to revenue recognition and Long-Term contracts, Ability to measure variables used in Time Value of Money, Ability to analyze and discuss key financial statements

Reviews

4.8 (640 ratings)

  • 5 stars
    83.43%
  • 4 stars
    13.75%
  • 3 stars
    2.03%
  • 2 stars
    0.31%
  • 1 star
    0.46%

CS

Apr 18, 2023

Very informative and the Professor has a unique way of providing examples for better understanding of the concepts. Would recommend this course for both professionally and for general knowledge.

SM

Sep 14, 2020

The pace of the course was easy to follow and the overall content was very well explained. The questions were challenging and made the learning experience fulfilling.

From the lesson

Module 2: Accounting Process

We will use the accounting equation to complete the processing cycle. We will also learn the basic types of month-end adjusting entries. More importantly, we will describe the basic financial statements and how they relate to one another.

Taught By

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    Gerlando Lima

    Teaching Associate Professor of Accountancy

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