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Ch 9: Adjusting Accounts & Preparing Financial Statements: Help and Review

About This Chapter

The Adjusting Accounts and Preparing Financial Statements chapter of this Financial Accounting: Help & Review course is the simplest way to master adjusting accounts and preparing financial statements. This chapter uses simple and fun videos that are about five minutes long, plus lesson quizzes and a chapter exam to ensure you learn the essentials of adjusting accounts and preparing financial statements.

Who's It For?

Anyone who needs help learning or mastering adjusting accounts and preparing financial statements material will benefit from the lessons in this chapter. There is no faster or easier way to learn about these accounting topics. Among those who would benefit are:

  • Students who have fallen behind in understanding the types of adjustments that can be made on a financial statement and how accrual accounting works
  • Students who struggle with learning disabilities or learning differences, including autism and ADHD
  • Students who prefer multiple ways of learning financial accounting (visual or auditory)
  • Students who have missed class time and need to catch up
  • Students who need an efficient way to learn about adjusting accounts and preparing financial statements
  • Students who struggle to understand their teachers
  • Students who attend schools without extra financial accounting learning resources

How It Works:

  • Find videos in our course that cover what you need to learn or review.
  • Press play and watch the video lesson.
  • Refer to the video transcripts to reinforce your learning.
  • Test your understanding of each lesson with short quizzes.
  • Verify you're ready by completing the Adjusting Accounts and Preparing Financial Statements chapter exam.

Why It Works:

  • Study Efficiently: Skip what you know, review what you don't.
  • Retain What You Learn: Engaging animations and real-life examples make topics easy to grasp.
  • Be Ready on Test Day: Use the adjusting accounts and preparing financial statements chapter exam to be prepared.
  • Get Extra Support: Ask our subject-matter experts any adjusting accounts and preparing financial statements question. They're here to help!
  • Study With Flexibility: Watch videos on any web-ready device.

Students Will Review:

This chapter helps students review the concepts in an adjusting accounts and preparing financial statements unit of a standard financial accounting course. Topics covered include:

  • Principles of financial accounting
  • Periodic reporting standards
  • The benefits of accrual accounting
  • Cash-basis accounting compared to accrual accounting
  • Different kinds of account adjustments and their uses
  • Accrued revenues and expenses
  • The preparation process of adjusted trial balance
  • Techniques for financial statement preparation
  • Permanent and temporary accounts
  • The main steps and processes for closing entries
  • Nominal accounts vs. real accounts
  • Post-closing trial balance calculations

Final Exam
Chapter Exam
Adjusting Accounts & Preparing Financial Statements: Help and Review
Chapter too short for exam

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