Master Year-end Adjustments Part 1

Understanding year-end adjustments is one of the most critical skills in Accounting. This course is designed to take you step-by-step through the most important adjustments you’ll see in exams. You will learn how to identify adjustments, record them in the General Journal, and post them to the General Ledger so that your financial statements are accurate and complete.

This course is Part 1 of 2. We focus on the core adjustments: Prepaid Expenses, Accrued Expenses, Accrued Income, Income Received in Advance, and Depreciation. These cover the essential Matching and Accrual GAAP principles and form the foundation for every other adjustment you will learn.

Each lesson includes clear explanations, practical examples, and mini-quizzes to test your understanding. By taking this course you will have a strong foundation to ensure you get the adjustments right every time. By the end, you will not only know the theory but also be exam-ready, confident in tackling adjustments in any question paper.

Whether you are revising before exams or learning adjustments for the first time, this course provides a clear, step-by-step guide to mastering this challenging topic.

At the end of the course you will be able to download a PDF "Cheat Sheet" to help you learn these adjustments.