ABA Facilitated: General Accounting
16 weeks

Webinar Walt Lyons

Member | Non-Member

Topics in analyzing source documents, recording business transactions in a journal and posting entries in a ledger. How to prepare a trial balance, gather adjustment data and complete a worksheet are covered, as well as how to prepare financial statements and post-closing entries.

Learning Objectives

  • Describe the basic accounting cycle and define the basic elements used such as asset, liability, owner’s equity, revenue, and expense accounts and posting debits and credits
  • Post to the general journal and general ledger, and prepare adjusting entries
  • List the steps in the accounting cycle; prepare a post-closing trial balance and interim statements and the statement of owner’s equity
  • Prepare a classified income statement and balance sheet, compute working capital and current ratio and journalize closing entries for a business
  • Identify and perform functions relative to bank accounts and cash funds

Audience

  • Bank personnel at any level with little or no accounting background
  • This course requires proctored exams.

Course Credits

  • ABA Certificates: This course applies to the Certificate in General Banking.

Textbook