Accounting Equation in Excel – First Month of Data Input

Accounting Equation in Excel – First Month of Data Input

What you’ll learn

  • Analyze the structure of an accounting equation to accurately prepare for data transition between systems.
  • Enter beginning balances from a prior accounting system into a new system using Excel, ensuring alignment with established accounting principles.
  • Apply Excel functions to record and organize one month of financial transactions systematically.
  • Develop subledgers for accounts receivable, accounts payable, and inventory to manage detailed transaction records effectively.
  • Synthesize transaction data to prepare comprehensive financial statements, including a balance sheet and an income statement.
  • Evaluate the accuracy and completeness of financial statements to ensure data integrity in the new accounting system.
  • Demonstrate proficiency in using Excel for accounting workflows, including managing balances, transactions, and subledgers.

How to Enroll Accounting Equation in Excel – First Month of Data Input course?

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