Master Year-end Adjustments Part 2

Year-end adjustments can feel overwhelming, especially when multiple accounts and principles are involved. This course is designed to make even the most challenging adjustments simple and easy to understand. Part 2 builds on the foundation from Part 1 and dives deeper into the remaining adjustments you must master for your exams.

In this course, we cover Consumables on Hand, Bad Debts, Bad Debts Recovered, Provision for Bad Debts, Interest Adjustments using loan tables, Trading Stock Deficits and Surpluses, Income Tax adjustments, and Salary/Wages corrections when employees are left out of the journals. Each adjustment is explained step-by-step with General Journal entries and General Ledger postings.

A recap will be done on the GAAP principles affected, transaction analysis, and the accounting equation. We include short, practical examples designed to mirror real exam questions so you can immediately apply what you’ve learned.

By the end of this course, you will have a complete understanding of all year-end adjustments, making you fully exam-ready. Whether you are in Grade 10 building your foundation, Grade 11 preparing for more complex adjustments, or Grade 12 aiming for top marks in your final exam, this course is designed to give you the confidence and skill to handle any adjustment question.

This course is designed to be short, to explain the adjustments in a short, practical manner. This ensures you spend less time getting to a point of understanding, and spend more time practicing your newfound understanding of year-end adjustments.

Together with Part 1, this forms a comprehensive guide to mastering one of the most crucial topics in Accounting, ensuring that your financial statements are always accurate, balanced, and in line with GAAP principles.