The Accounting Cycle Explained | A must know for every accountant! #accountingzerotohero

Let's discuss the Accounting Cycle in detail! This is a concept every accountant needs to know because it summarizes all the steps we do on a daily basis.

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Other related videos:

Journal Entry Preparation and the Transaction Worksheet:

▶Posting Process and the T-Accounts:

Timestamps:
00:00 Introduction
00:37 Step 1 - The Transactions
01:26 Step 2 - The Journal Entries
01:45 Step 3 - The Posting Process
02:04 Checkpoint
02:24 Step 4 - The Trial Balance
02:54 Step 5 - The 10-Column Worksheet
03:36 Step 6 - The Adjustments
04:30 Step 7 - The Financial Statements
05:18 Step 8 - The Closing Process
06:30 Outro

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Every week we will release Accounting Lectures starting off with the ACCOUNTING Process and then gradually advancing to more advanced Financial Reporting topics.

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