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Practical Accounting: Trial Balance to Financial Statements
Rating: 4.4 out of 5(16 ratings)
76 students

Practical Accounting: Trial Balance to Financial Statements

Learn to use the Trial Balance information to create the two most important Financial Statements
Created byAnthony Ford
Last updated 4/2025
English

What you'll learn

  • This course teaches you how to interpret Trial Balance accounts using the accounting rules that are applied at all levels of Accountancy.
  • You will learn how to create a Statement of profit & loss and other Comprehensive Income and a Statement of Financial Position
  • Learn how to apply Accounting basics to a Trial Balance to create Financial Statements
  • Draw up draft sets of Financial Statements from a set of Trial balance accounts

Course content

9 sections9 lectures58m total length
  • Prelude5:06

    Learn to create and interpret financial statements from a trial balance, focusing on income statements and balance sheets within the accounting cycle.

Requirements

  • Professional/Business English (proficiency in understanding vocabulary relating to business)
  • Basic Accounting Knowledge of the 6 most important accounting rules

Description

This course teaches you how to interpret the Trial Balance accounts using the accounting rules that are applied at all levels of Accountancy. You will understand the importance of needing Financial Statements to make business decisions. You will learn how to create a Statement of profit & loss and other Comprehensive Income and a Statement of Financial Position.

This course is suited for anyone who does not have a background in accounting but wants to learn what the most important skills for applying accounting knowledge and information at any level (basic to advanced) for financial statements

Who this course is for:

  • Students, Entrepreneurs, Managers, and anyone who wants to learn how to use a Trial Balance for creating Financial Statements. This course is suited for anyone who does not have a background in accounting but wants to learn what the most important skills for applying accounting knowledge and information