General Ledger and Month End Procedures

In this course, you will learn how to post journal entries to the correct general ledger accounts impacted by each transaction. This course will show you how to make sure your general ledger balances at the end of each month by preparing an unadjusted trial balance. You will learn how to look for errors when you don’t balance, and how to determine to correct entries. After posting correcting entries and/or adjusting entries, you will verify debits and credits equal with an adjusted trial balance. This course also goes through the steps of performing monthly bank reconciliations.
This course is offered in partnership with Learning Education Resource Network - UGotClass. For more information see http://yougotclass.org/index.cfm/VCC

Prerequisites

What you will learn

• The General Ledger
  What is the General Ledger
  Why must the general ledger balance
  Posting to the general ledger
  Activity ~ Posting to The General Ledger
• The Unadjusted Trial Balance
  What is the unadjusted trial balance
  Verify debit and credit balances
  Finding errors
  Activity ~ Find The Errors
• Correcting Entries and Adjusting Entries
  Determine correcting entries
  Adjusting entries and how to prepare them
  Posting correcting entries and adjusting entries to the general ledger
  Activity ~ Preparing Entries and Posting to General Ledger
• The Adjusted Trial Balance
  Verify the accuracy of the adjusted trial balance
  Prepare monthly bank reconciliations
  Activity ~ Prepare a Bank Reconciliation

How to register

This course is offered as part of a VCC program only.

Contact us

If you have any question, please email at advising@vcc.ca.

† This information is intended as a guideline only. Program and course details are subject to change with the approval of VCC's Board of Governors.