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Closing Procedures and Financial Statements


Adult Programs / Professional Development -
Adult Online Professional & Personal Development Spring/Summer 2024

Discover how to create a worksheet used to adjust account balances and prepare financial statements. Use your financial statements to measure performance, make improvements and set goals. Finally, learn how to close your books and prepare them for the next accounting period; this is done by journalizing and posting closing entries.

This course can be taken alone or as part of the 3 course Bookkeeping Certificate. 

Class Details:

Unit 1: Prepare a Worksheet
  • What is a worksheet
  • Columns included in the worksheet
  • Completing each column
Unit 2: The Income Statement
  • Review the worksheet columns for the Income Statement
  • Prepare the income statement
  • Determine a profit or loss

Unit 3: The Balance Sheet

  • Review the worksheet columns for the Balance Sheet
  • Prepare the balance sheet
Unit 4: Closing Entries and Statement of Changes in Owner’s Equity
  • Prepare post-closing entries for revenue and expense accounts
  • Prepare a statement of changes in owner’s equity
  • Applying year-end steps monthly or quarterly

For more information, visit our question and answer page - Click Here.

Sharon DeFonteny

LERN Instructor

Sharon deFonteny has a degree in Business Education with a concentration in Accounting and spent many years in Corporate America working in Accounting and Finance. For the past 5 years, she has created and taught online Business courses for Bucks County Community College. Her experience in business, as well as experience in teaching, has allowed her to help people understand the Accounting and Finance process.

 August 2024 
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SLCERT12C2

  Learning Resources Network, Inc , Sharon DeFonteny


Virtual Class
Sun-Sat, Aug 5 - Aug 30
12:01 AM - 11:59 PM

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Min Age   16 yr.

Price: $ 195 00