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Accounting Cycle: Learn the concepts in 60 minutes

Learn the advanced methods to record the Accounting Period and prepare Financial Statements
3.0 (2 ratings)
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22 students enrolled
Created by Sana Nazir
Last updated 1/2016
$15 $20 25% off
30-Day Money-Back Guarantee
  • 1 hour on-demand video
  • 1 Supplemental Resource
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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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.

Who is the target audience?
  • Anyone interested in learning the key concepts and advanced methods to prepare financial statements can take this course.
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What Will I Learn?
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.
View Curriculum
  • 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.
Curriculum For This Course
Expand All 14 Lectures Collapse All 14 Lectures 54:34
Introduction to Accounting Cycle
1 Lecture 03:30

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

Preview 03:30
Key concepts
1 Lecture 05:32

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
Preview 05:32
Transactions, Recording in Journal and T-Accounts
3 Lectures 15:24

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.

Journal Recordings

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.

Ledger Accounts
Trial Balance
2 Lectures 06:29

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

Key Concepts for Trial Balance

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

Preview 03:01
Adjusting Entries
2 Lectures 05:54

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

Introduction To Adjusting Entries

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

Recording Adjusting Entries
Ten Column Work Sheet
2 Lectures 09:03
Students will get the key concepts and an introduction of the ten Column worksheet.
Key Concepts for Ten Column Work Sheet

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

Preparing Ten Column Work Sheet
Financial Statements
2 Lectures 08:42

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

Income Statement

Students will get the concepts about Balance sheet first, its format and then prepare it for the transactions they had processed.
Balance Sheet
Quizzes, Notes and Self- Assessment Question
1 Lecture 00:00

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!

Quizzes, Notes and Self- Assessment Question- Zip Folder
1.5 MB
About the Instructor
3.7 Average rating
92 Reviews
8,760 Students
4 Courses
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.

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