Building on your skills and knowledge of bookkeeping basics, you will learn to prepare fiscal/period end statements and reports. You will learn and practice the process for adjusting, closing and reversing entries by the matching of revenue and expenses at a cut-off date, including cash accounts, bad debts, prepaid or unexpired expense accounts, inventory adjustments, fixed assets and depreciation, deferred revenue, temporary investments, accruals and entries for partnerships and corporations.
Prerequisite: Bookkeeping Basics or equivalent.
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