Accounting Cycle: Learn the concepts in 60 minutes

Learn the advanced methods to record the Accounting Period and prepare Financial Statements
3.7 (3 ratings)
Instead of using a simple lifetime average, Udemy calculates a
course's star rating by considering a number of different factors
such as the number of ratings, the age of ratings, and the
likelihood of fraudulent ratings.
22 students enrolled
Instructed by Sana Nazir Business / Finance
25% off
Take This Course
  • Lectures 14
  • Length 1 hour
  • Skill Level All Levels
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
Wishlisted Wishlist

How taking a course works


Find online courses made by experts from around the world.


Take your courses with you and learn anywhere, anytime.


Learn and practice real-world skills and achieve your goals.

About This Course

Published 1/2016 English

Course Description

This course is about the most important concept of accounting that is "Accounting Cycle". The course is designed for all learners who want to know the basic and key concepts to record transactions in order to make financial statements for a company or business. It has 8 sections mainly covering all important concepts in 14 lectures. The concepts taught are as follows:

  • Recording transactions
  • Ledger Accounts
  • Trial Balance
  • Adjusting Entries
  • Ten Column Worksheet
  • Income Statement
  • Balance sheet

The students can have the notes related to the course and the questions taught in the course. They will have quizzes and finally a self-assessment question to know their skills if improved or not.

In short, this course is a comprehensive understanding of daily, monthly or yearly business transactions and then finally making financial statements.

Students can take the advantage of learning the basic concepts required to begin and then use advanced methods to understand and apply concepts in just 60 minutes.

So, Get Ready! This is where you will learn preparing financial statements and core topic of Business Accounting.

What are the requirements?

  • Have a notepad and pen to notedown the key concepts and recorded transactions.
  • Sit with an open mind and full concentration to absorb key concepts to link advanced concepts with them.

What am I going to get from this course?

  • Learn the key concepts of Accounting Cycle
  • Apply each concept in preparing major financial statements of a company.
  • Learn advanced methods to analyse the accounting cycle of a company.

Who is the target audience?

  • Anyone interested in learning the key concepts and advanced methods to prepare financial statements can take this course.

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.


Section 1: Introduction to Accounting Cycle

This lecture is the introduction of the course and description of content that will be covered through out the course.

Section 2: Key concepts

Students will learn the key concepts to record transactions and carrying out the whole accounting cycle. the concepts include knowledge about

  • Debit and Credit
  • Sales and Purchases
  • Discounts
  • Sales Return and Purchases Return
Section 3: Transactions, Recording in Journal and T-Accounts

Students will be able to record transactions that involve different concepts evolving from the basic key concepts.


Students will be able to record the transactions and add them into the journal.


Students will be able to prepare the ledger accounts of the transactions they have recorded and open up T-accounts for the different accounts they identified in journal recordings.

Section 4: Trial Balance

Students will get the key concepts and an introduction of the trail balance.


Students will be able to make a trial balance of different accounts with the help pf ledger accounts they had created.

Section 5: Adjusting Entries

Students will get the introduction to adjusting entries and learn main concepts about them.


Students will be able to record the journal entries with the concepts provided in previous lectures.

Section 6: Ten Column Work Sheet
Students will get the key concepts and an introduction of the ten Column worksheet.

Students will be able to prepare a ten Column worksheet after adding adjusted entries to the trial balance.

Section 7: Financial Statements

Students will get the concepts about income statement first, its format and then prepare it for the transactions they had processed.

Students will get the concepts about Balance sheet first, its format and then prepare it for the transactions they had processed.
Section 8: Quizzes, Notes and Self- Assessment Question
1.5 MB

Here is the zip folder of the attached notes, quizzes and self-assessment question. Download this file and keeping the key concepts in front of you start solving them.

Best Wishes!

Students Who Viewed This Course Also Viewed

  • Loading
  • Loading
  • Loading

Instructor Biography

Sana Nazir, Instructor in the field of Business Administration

I am instructor in teaching courses related to business and have strong command in areas of Human Resources- the field I am specialized in. For me, the favorite part of teaching is the interaction with students where I am able to deliver my knowledge and help students to learn skills.

I have been a potential student scoring distinction throughout my educational career and now a potential instructor to share my knowledge and expertise.

I have taught courses online before too and I have always excelled in curricular and extra-curricular activities and a team leader always. I enjoy reading, working hard and then finding ways to improve myself as a person.

Ready to start learning?
Take This Course