Financial Accounting Subsidiary Ledgers & Special Journals (Udemy.com)
Subsidiary ledgers for accounts receivable & accounts payable. Special Journals - Sales journal, purchases journal
Created by: Robert (Bob) Steele
Produced in 2019
What you will learn
- Subsidiary Ledgers
- Special Journals
- Sales Journal
- Purchases Journal
- Cash Receipts Journal
- Cash Payments Journal
- Excel
- Accounting Cycle
Quality Score
Overall Score : 86 / 100
Course Description
We should have a good understanding of debits and credits before this course and we have courses covering debits and credits. We can construct anaccounting system where we record every financial transaction using debits and credits in a general journal, posting each journal entry to the general ledger, making the trial balance form the general ledger, and the financial statements from the trial balance. The process of recording every transaction using debits and credits is the process we have used in the past.
To reduce the amount of data input when using a manual system, we can group transactions by transaction type and create special journals to record them. An accounting system using special journals can reduce data input by limiting the amount data needed to be input for each transaction due to the format of the special journal. Special journals can also eliminate the need to post each transaction to the general ledger. Rather than posting each transaction to the generalledger special journals are added up at the end of the period and one transaction is then posted for the entire period.
Special journals are typically used in a manual system but understanding them helps any system because it helps to see what components of an accounting system are necessary to all accounting systems, which components can be changed, and when changing the format of the system would be beneficial. Automated systems also often general useful reports in a similar format as the special journals.
Subsidiary ledgers for accounts receivable and accounts payable are necessaryfor any system where we makesales on account and purchases on account. In other words, if we make sales and collect money at a later date, we will need to track who owes us money, and if we make purchases and pay at a later date, we will need to track who we owe money to.
In addition to instructional video, this course will include downloadable
Downloadable PDF Files
Excel Practice Files
Multiple Choice Practice Questions
Short Calculation Practice Questions
Discussion Questions
The PDF files allow us to download reference information we can use offline and as a guide to help us work through the material.
Excel practice files will be preformatted so that we can focus on the adjusting process and learning some of the basics of Excel, like addition, subtraction, and cell relationships.
Multiple choice example question helps us improve our test-taking skills by reducing the information into the size and format of multiple choice questions and discussing how to approach these questions.
Short calculation questions help us reduce problems that have some calculation down to a short format that could be used in multiple choice questions.
Discussion Question will provide an opportunity to discuss these topics with the instructor and other students, a process many students find very helpful because it allows us to see the topic from different viewpoints.
Who will we be learning from?
You will be learning from somebody who has technical experience in accounting concepts and in accounting software like QuickBooks, as well as experience teaching and putting together curriculum.
You will be learning from somebody who is a:
CPA Certified Public Accountant
CGMA Chartered Global Management Accountant
Master of Science in Taxation
CPS Certifies Post-Secondary Instructor
Curriculum Development Export
As a practicing CPA the instructor has worked with many technical accounting issues and helped work through them and discuss them with clients of all levels.
As a CPS and professor, the instructor has taught many accounting classes and worked with many students in the fields of accounting, business, and business applications.
The instructor also has a lot of experience designing courses and learning how students learn best and how to help students achieve their objectives. Experience designing technical courses has also benefit in being able to design a course in a logical fashion and deal with problems related to technical topics and the use of software like QuickBooks Pro.
Content Includes:
Accounts receivable subsidiary ledgerAccounts payable subsidiary ledgerSpecial journalsSales journalPurchases journalCash receipts journalCash payment journalAccounting CycleComprehensive problemExcelDefinitions and key termWho this course is for:
Accounting studentsBusiness ownerAnyone who whats to learn accounting
Instructor Details
- 4.3 Rating
24 Reviews
Robert (Bob) Steele
Through working with students from many different schools, Mr. Steele has learned best practices for helping people understand accounting fast. Learning new skills and finding the best way to share knowledge with people who can benefit from it is a passion of his.
Mr. Steele has experience working as a practicing Certified Public Accountant (CPA), an accounting and business instructor, and curriculum developer. He has enjoyed putting together quality tools to improve learning and has been teaching, making instructional resources, and building curriculum since 2009. He has been a practicing CPA since 2005. Mr. Steele is a practicing CPA, has a Certified Post-Secondary Instructor (CPI) credential, a Master of Science in taxation from Golden Gate University, a Bachelors Degree in Business Economics with an emphasis in accounting from The University of California Santa Barbara, and a Global Management Accounting Designation (CGMA) from The American Institute of CPA (AICPA).
Mr. Steele has also authored five books that can be found on Amazon or in audiobook format on Audible. He has developed bestselling courses in accounting topics including financial accounting and QuickBooks accounting software.
In addition to working as an accountant, teaching, and developing courses Mr. Steele has helped create an accounting website at accountinginstruction, a YouTube channel called Accounting Instruction, Help, and
More courses by Robert (Bob) Steele
QuickBooks Online 2021, 2019 & 2018 Start to Finish (2021)
4.4 (284 Reviews)
Provider: Udemy
Time: 91h
$11.99
Tax Preparation and Law 2021, 2021, 2019 & 2018 - Income Tax (2021)
4.5 (221 Reviews)
Provider: Udemy
Time: 50.5h
$11.99
QuickBooks Pro Desktop 2021, 2021, 2019, & 2018 (2021)
4.2 (187 Reviews)
Provider: Udemy
Time: 147h
$11.99
Financial Statement Analysis Ratio Analysis (2021)
4.2 (99 Reviews)
Provider: Udemy
Time: 24.5h
$11.99
Financial Accounting & ExcelComprehensive Accounting Course (2019)
3.9 (49 Reviews)
Provider: Udemy
Time: 21.5h
$11.99
More finance & accounting courses
Accounting - A Brief Introduction - in 60 Minutes (2016)
4.8 (312 Reviews)
Provider: Udemy
Time: 1 hour on-demand videoh
$11.99
Forex Trading Price Action: Advanced Swing Trading Strategy (2021)
4.8 (307 Reviews)
Provider: Udemy
Time: 4h
$11.99
Options Trading for Rookies: Understand Options Completely (2021)
4.8 (300 Reviews)
Provider: Udemy
Time: 2.5h
$11.99
How to Start an Amazon FBA Store on a Tight Budget (2021)
4.8 (300 Reviews)
Provider: Udemy
Time: 10.5h
$11.99
Build Your Spiritual Healing Business on a Budget (2021)
4.8 (224 Reviews)
Provider: Udemy
Time: 4h
$11.99
Options Trading for Rookies: Basic Stock Options Strategies (2021)
4.8 (210 Reviews)
Provider: Udemy
Time: 2.5h
$11.99














