Completing the Accounting Cycle Course Syllabus

Overview: This course provides a comprehensive introduction to the accounting cycle and financial record-keeping, designed for beginners. You'll learn how financial transactions are recorded, adjusted, and reported through key year-end processes. The course is self-paced with flexible deadlines and includes hands-on projects to reinforce learning. With approximately 9 hours 37 minutes of total content, learners will progress through five core modules and a final project, mastering essential accounting skills such as adjusting entries, financial statement preparation, and closing the books. Lifetime access allows you to learn at your own pace.

Module 1: Introduction to the Accounting Cycle

Estimated time: 2 hours

• Understand the purpose of the accounting cycle
• Learn basic accounting terminology and concepts
• Identify different types of financial transactions
• Recognize the importance of accurate record-keeping

Module 2: Journal Entries & Ledger Posting

Estimated time: 2.5 hours

• Learn how to create journal entries
• Understand debits and credits
• Post transactions to the general ledger
• Maintain organized accounting records

Module 3: Trial Balance & Adjusting Entries

Estimated time: 2.5 hours

• Prepare trial balances to check accuracy
• Understand adjusting entries for accruals and deferrals
• Correct errors in financial records
• Ensure accurate financial reporting

Module 4: Financial Statements Preparation

Estimated time: 1.5 hours

• Prepare income statements and balance sheets
• Understand cash flow statements
• Analyze financial performance using reports
• Communicate financial information effectively

Module 5: Closing the Books & Final Exercise

Estimated time: 1 hour

• Close temporary accounts and prepare for the next cycle
• Review the complete accounting process
• Demonstrate understanding of financial reporting

Module 6: Final Project

Estimated time: 1 hour

• Apply accounting concepts in a practical scenario
• Complete a full accounting cycle simulation
• Submit final financial statements for review

Prerequisites

• Familiarity with basic business concepts
• No prior accounting experience required
• Basic understanding of English and numerical literacy

What You'll Be Able to Do After

• Record financial transactions using journal entries
• Post entries to ledgers and prepare trial balances
• Create accurate income statements and balance sheets
• Perform month-end closing procedures including adjusting and closing entries
• Demonstrate proficiency in the complete accounting cycle