The Accounting Cycle

Reviewing the nine steps of the accounting cycle.

1. Analyze business transactions
2. Journalize the transactions
3. Post to ledger
4. Prepare a trial balance
5. Journalize and post adjusting entries
6. Prepare an adjusted trial balance
7. Prepare financial statements
8. Journalize and post closing entries
9. Prepare a post-closing trial balance

[ritaparsons]

I have learned more from you in 1 hour than I have from my professor in 6 weeks. Thank you!

[lisamccray]

Thanks for saying that liabilities, "capital" and revenue increase with a credit. It helps to hear it that way instead of equity. I love your teaching style, presentation and your teaching voice.

[joungk]

This is the best explanation regarding accounting full cycle. Thank you!

[CHRISTiandoll]

Thank you for this awesome lesson. I'm currently in an accounting class and this was extremely helpful!

[willrunkel]

Great work, simple and to the point. Thank you!

[hanaa.h]

Amazingggg video thank you soo much I was searching for probably 30 mins and finally came across your video really appreciate it :)

[benjaminkulengene]

Thanks much I just learnt a lot from this

[samirsubhan]

Thank you for this useful lesson. If you don't mind please make a complete practical example from scratch up to end for accounting cycle, a simple project will be great. I am a student of accounting course.

[glasssmirror]

Tks sir for your time however I am desperately looking for a practical Accounting Circle with all 9 points in a single lecture starting from point one to end but unfortunately I am not getting. It would either start with journal ending with ledger or if I get one then it is going to be horrible. Pls help sir for step by step till cash flow statement.

[yeseniareyes]

This is so helpful is there a way to printout this PowerPoint slides?