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Course Overview

In this course, learn how to post journal entries to the correct general ledger accounts impacted by each transaction. This course will show participants how to make sure your general ledger balances at the end of each month by preparing an unadjusted trial balance. Participants will learn how to look for errors when they don’t balance, and how to determine to correct entries. After posting corrected entries and/or adjusted entries, they will verify debits and credits equal with an adjusted trial balance. This course also goes through the steps of performing monthly bank reconciliations.

Course Outcomes

Upon completion of this course, participants will be able to:

• Post journal entries to the general ledger accounts
• Prepare an unadjusted trial balance
• Prepare any necessary correcting entries and adjusting entries
• Prepare an adjusted trial balance to verify general ledger balances
• Perform monthly bank reconciliations 

Course Objectives

• Participants will understand the purpose of the general ledger and how to verify its accuracy
• Participants will learn how to find errors and determine the correcting entries
• Participants will understand each step necessary to the month end procedures
• Participants will be able to perform monthly bank reconciliations

Agenda

Unit One â€“ 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

Unit Two â€“ The Unadjusted Trial Balance

• What is the unadjusted trial balance
• Verify debit and credit balances
• Finding errors
• Activity – Find The Errors

Unit Three â€“ 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

Unit Four â€“ The Adjusted Trial Balance

• Verify the accuracy of the adjusted trial balance
• Prepare monthly bank reconciliations
• Activity – Prepare a Bank Reconciliation