Overview: The Accounting Cycle: Adjusting Entries & Financial Statements

Overview:  Accrual accounting:  Revenue Recognition and Matching Principle

The purpose of this module is to help you learn how to identify accounts needing to be adjusted, analyze the information to be able to record and post the adjusting entry, thus allowing you to prepare the adjusted trial balance and the related financial statements.

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To Complete This Module

To complete this module, you will need to study all of the content pages and successfully complete the related topic and module quizzes. To successfully complete quizzes you need to achieve a score of at least 4 out of 5 for topical quizzes and achieve a score of at least 8 out of 10 for the module quiz. You may take and re-take quizzes as many times as necessary to master the material and get your passing score.

To track which content pages you have viewed and which quizzes you have successfully completed, click the "Modules" link on the course menu on the left.  A green check mark will appear to the left of each “Study” page that you have viewed and by each “Quiz” that you have successfully completed in the module. 

I anticipate that this Module will take a little more than 3 hours to successfully complete, which is a bit longer than our other 2 hour modules, so please hang in there.