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Course Description

This course shows you how to create a worksheet used to adjust the account balances and prepare the financial statements. Use your financial statements to measure performance, make improvements and set goals. The final step covered in this course is closing your books and preparing them for the next accounting period; this is done by journalizing and posting closing entries. 

Course Outline

Unit 1

Prepare a Worksheet

  • What is a worksheet
  • Columns included in the worksheet
  • Completing each column

Unit 2

The Income Statement

  • Review the worksheet columns for the Income Statement
  • Prepare the income statement
  • Determine a profit or loss

Unit 3

The Balance Sheet

  • Review the worksheet columns for the Balance Sheet
  • Prepare the balance sheet

Unit 4

Closing Entries and Statement of Changes in Owner’s Equity

  • Prepare post-closing entries for revenue and expense accounts
  • Prepare a statement of changes in owner’s equity
  • Applying year-end steps monthly or quarterly

Learner Outcomes

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

Notes

Instructor: Sharon deFonteny, has a degree in Business Education with a concentration in Accounting and spent many years in Corporate America working in Accounting and Finance.   For the past 5 years, she has created and taught online Business courses for Bucks County Community College.  Her experience in business, as well as experience in teaching, has allowed her to help people understand the Accounting and Finance process.

The Bookkeeping Certificate courses must be taken in the below order (the classes build off each other):

- Understanding Debits and Credits

- General Ledger and Month End Procedures

- Closing Procedures and Financial Statements

Applies Towards the Following Certificates

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Enroll Now - Select a section to enroll in
Section Title
Closing Procedures and Financial Statements
Type
Online, self paced
Dates
Apr 01, 2024 to Apr 26, 2024
Delivery Options
Online  
Course Fee(s)
Course Fee non-credit $195.00 Click here to get more information
CEUs
1.6 CEUs
Section Notes

Instructor; Sharon DeFonteny

This 4-Week, self-paced Online course (no Zoom meetings) is offered through partnership with LERN/UGotClass. Class is scheduled for April 1-26, 2024. There are no set meeting dates or times. You will receive an email from LERN the Wednesday prior to the start of the course with the online classroom invitation.

Cancellation, Withdrawal and Refund Policy

A participant who withdraws from a non-credit course, in writing, up to one-week prior to the starting date of the course, will receive a refund, minus a $25 withdrawal fee; for all certificate programs the withdrawal fee is $50. For courses costing $75 or less, the withdrawal fee is $10 per course. No refunds will be given after that time. E-mail your withdrawal request to: ncce@temple.edu . Please note that if you do not officially withdrawal from a course and you do not attend the course, you are still responsible for payment. Temple University reserves the right to cancel a course for any reason. If the course is cancelled, you will be notified and your entire tuition will be refunded.

For more information contact us at ncce@temple.edu or 215-204-4866.

Section Title
Closing Procedures and Financial Statements
Type
Online, self paced
Dates
Jun 03, 2024 to Jun 28, 2024
Delivery Options
Online  
Course Fee(s)
Course Fee non-credit $195.00 Click here to get more information
CEUs
1.6 CEUs
Section Notes

Instructor; Sharon DeFonteny

This 4-Week, self-paced Online course (no Zoom meetings) is offered through partnership with LERN/UGotClass. Class is scheduled for June 3-28. 2024. There are no set meeting dates or times. You will receive an email from LERN the Wednesday prior to the start of the course with the online classroom invitation.

Cancellation, Withdrawal and Refund Policy

A participant who withdraws from a non-credit course, in writing, up to one-week prior to the starting date of the course, will receive a refund, minus a $25 withdrawal fee; for all certificate programs the withdrawal fee is $50. For courses costing $75 or less, the withdrawal fee is $10 per course. No refunds will be given after that time. E-mail your withdrawal request to: ncce@temple.edu . Please note that if you do not officially withdrawal from a course and you do not attend the course, you are still responsible for payment. Temple University reserves the right to cancel a course for any reason. If the course is cancelled, you will be notified and your entire tuition will be refunded.

For more information contact us at ncce@temple.edu or 215-204-4866

Section Title
Closing Procedures and Financial Statements
Type
Online, self paced
Dates
Aug 05, 2024 to Aug 30, 2024
Delivery Options
Online  
Course Fee(s)
Course Fee non-credit $195.00 Click here to get more information
CEUs
1.6 CEUs
Section Notes
  • Instructor: Sharon DeFonteny
  • Course Format: Online, self-paced. No Zoom meetings. No set meeting dates or times.
  • Course Duration: August 5-30, 2024. This is a 4-week course.
  • Access to Course: An invitation into the online classroom will be emailed to you typically the Wednesday prior to the start of the course. If you haven’t received the invite by the following morning, you can forward the confirmation email to info@ugotclass.org for a prompt resend.
Please let me know if you need further assistance or have any specific questions about this course. 
For more information contact us at ncce@temple.edu or 215-204-4866
Section Title
Closing Procedures and Financial Statements
Type
Online, self paced
Dates
Nov 04, 2024 to Nov 29, 2024
Delivery Options
Online  
Course Fee(s)
Course Fee non-credit $195.00 Click here to get more information
CEUs
1.6 CEUs
Section Notes
  • Instructor: Sharon DeFonteny
  • Course Format: Online, self-paced. No Zoom meetings. No set meeting dates or times.
  • Course Duration: November 4-29, 2024. This is a 4-week course.
  • Access to Course: An invitation into the online classroom will be emailed to you typically the Wednesday prior to the start of the course. If you haven’t received the invite by the following morning, you can forward the confirmation email to info@ugotclass.org for a prompt resend.
Please let me know if you need further assistance or have any specific questions about this course. 
For more information contact us at ncce@temple.edu or 215-204-4866