Recording in Journals & Posting in Ledgers from Coursera

What's inside

Syllabus

Recording Transactions in the General Journal

In this module we will review the process of recording proper entries into the general journal. We will start by walking through the step-by-step process of analyzing and recording service business transactions that follow the debit and credit rules. You will then have the opportunity to record transactions in the general journal on your own in this module's graded activity.

Posting Transactions for the General Journal to the Ledger

In this module we will review the process of posting transactions from the general journal to the ledger. We will start by introducing ledger forms and T-accounts, then we will proceed to a walkthrough of the proper steps of posting transactions. You will then have the opportunity to post transactions from the general journal to the ledger on your own in this module's graded activity.

The Trial Balance & Correcting Entries

In this module we will introduce the trial balance and the process of correcting entries. We will begin with an overview of how to transfer data from the ledgers to the trial balance, and continue with a step-by-step walkthrough of correcting entries. You will then have the opportunity to prepare your own trial balance in this module's graded activity.

Accrual Accounting vs. Cash Accounting

In this module we will introduce and learn to differentiate between cash accounting and accrual accounting. We will begin by reviewing key concepts related to accrual accounting including the periodicity assumption, the expense recognition principle, the revenue recognition principle, and the matching principle. You will then have the opportunity to work through example problems on your own in this module's activity.

Good to know

Know what's good

, what to watch for

, and possible dealbreakers

Provides a review for learners who need a refresher in accounting principles and practices, or who want to prepare for a job in accounting

Helps learners develop the practical skills and knowledge needed to fulfill a bookkeeping function at an entry-level for a company, or to start their own venture

Carefully covers concepts in a step-by-step manner

Reviews summary

Well-received accounting basics

Learners say this course on recording in journals and posting in ledgers is excellent for beginners who want to learn the basics of accounting. They describe the course as easy to follow, with clear explanations and practical assignments that build on each other. Students who enjoyed the course also praised the instructor for their ability to break down complex concepts in a way that makes sense. While some reviewers did note minor errors in quizzes, the overall feedback is largely positive.

Offers assignments and examples that reinforce concepts and prepare learners for real-world applications.

"Good mix of delivering concepts and practicing them"

"The way things are explained make sense and I am able to work on an assignment each week and each assignment builds on the previous."

Introduces fundamental accounting concepts in a clear and accessible way.

"Good explanation for beginners"

"Easy to understand, clear and simple instructions."

Some quizzes contain errors or typos that may hinder progress.

"Consistent errors found in the quizzes"

"Why can't take the quiz without upgrade? some questions need to be double check caz some orders are wrong."

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Recording in Journals & Posting in Ledgers with these activities:

Review key accounting concepts

Show steps

Review key accounting concepts, such as the accounting cycle, debits and credits, and financial statements.

Show steps

Review your notes from introductory accounting courses
Take practice quizzes on key accounting concepts

Organise your course materials

Show steps

Compile notes, assignments, quizzes, and exams, and organise them in a way that makes sense to you.

Show steps

Review your notes and identify key concepts
Organise notes into logical sections

Practise recording transactions in a general journal

Show steps

Practise analysing and recording service business transactions using the debit and credit rule.

Show steps

Read the module on Recording Transactions in the General Journal
Follow the step-by-step walkthrough of recording service business transactions
Record transactions in the general journal exercise

Five other activities

Expand to see all activities and additional details

Show all eight activities

Practise posting transactions from the general journal to the ledger

Show steps

Practise posting transactions from the general journal to the ledger by introducing ledger forms and T-accounts.

Show steps

Read the module on Posting Transactions for the General Journal to the Ledger
Follow the step-by-step walkthrough of posting transactions
Post transactions from the general journal to the ledger exercise

Practise preparing a trial balance and correcting entries

Show steps

Practise transferring data from the ledgers to the trial balance and correcting entries.

Show steps

Read the module on The Trial Balance & Correcting Entries
Follow the step-by-step walkthrough of correcting entries
Prepare your own trial balance exercise

Watch tutorial on accrual accounting vs. cash accounting

Show steps

Learn to differentiate between cash accounting and accrual accounting.

Show steps

Read the module on Accrual Accounting vs. Cash Accounting
Find a tutorial on accrual accounting vs. cash accounting
Follow the tutorial

Create a practice balance sheet

Show steps

Create a spreadsheet or use accounting software to create a practice balance sheet.

Show steps

Gather the necessary data from the provided financial statements
Enter the data into a spreadsheet or accounting software
Check for accuracy and make any necessary adjustments

Write a blog post on a specific accounting topic

Show steps

Select an accounting topic that is particularly challenging for you and write a blog post on it.

Show steps

Research the topic thoroughly
Outline your post and write the content
Proofread and edit your post

Career center

Learners who complete Recording in Journals & Posting in Ledgers will develop knowledge and skills that may be useful to these careers:

Junior Accountant

Junior Accountants are responsible for a variety of accounting tasks, including recording and posting financial transactions. The Recording in Journals & Posting in Ledgers course from the University of California, Irvine will give you a solid foundation in these processes. This course will teach you how to analyze and record various business transactions, as well as how to post these transactions to the general ledger. This knowledge will be essential for your success as a Junior Accountant.

See salaries and explore the career path for Junior Accountant

Financial Analyst

Financial Analysts are responsible for analyzing financial data and making recommendations on investment decisions. The Recording in Journals & Posting in Ledgers course from the University of California, Irvine will give you a strong foundation in accounting principles and financial analysis techniques. This course will teach you how to analyze and record various business transactions, as well as how to post these transactions to the general ledger. This knowledge will be essential for your success as a Financial Analyst.

See salaries and explore the career path for Financial Analyst

Investment Banker

Investment Bankers are responsible for advising companies on financial matters and raising capital. The Recording in Journals & Posting in Ledgers course from the University of California, Irvine will give you a strong foundation in accounting principles and financial analysis techniques. This course will teach you how to analyze and record various business transactions, as well as how to post these transactions to the general ledger. This knowledge will be essential for your success as an Investment Banker.

See salaries and explore the career path for Investment Banker

Risk Manager

Risk Managers are responsible for identifying and managing risks for organizations. The Recording in Journals & Posting in Ledgers course from the University of California, Irvine will give you a strong foundation in accounting principles and risk management techniques. This course will teach you how to analyze and record various business transactions, as well as how to post these transactions to the general ledger. This knowledge will be essential for your success as a Risk Manager.

See salaries and explore the career path for Risk Manager

Financial Planner

Financial Planners are responsible for helping individuals and families manage their finances. The Recording in Journals & Posting in Ledgers course from the University of California, Irvine will give you a strong foundation in accounting principles and financial planning techniques. This course will teach you how to analyze and record various business transactions, as well as how to post these transactions to the general ledger. This knowledge will be essential for your success as a Financial Planner.

See salaries and explore the career path for Financial Planner

Auditor

Auditors are responsible for examining financial records and ensuring that they are accurate and complete. The Recording in Journals & Posting in Ledgers course from the University of California, Irvine will give you a strong foundation in accounting principles and auditing procedures. This course will teach you how to analyze and record various business transactions, as well as how to post these transactions to the general ledger. This knowledge will be essential for your success as an Auditor.

See salaries and explore the career path for Auditor

Tax Accountant

Tax Accountants are responsible for preparing tax returns and advising clients on tax matters. The Recording in Journals & Posting in Ledgers course from the University of California, Irvine will give you a strong foundation in accounting principles and tax laws. This course will teach you how to analyze and record various business transactions, as well as how to post these transactions to the general ledger. This knowledge will be essential for your success as a Tax Accountant.

See salaries and explore the career path for Tax Accountant

Chief Financial Officer (CFO)

Chief Financial Officers (CFOs) are responsible for overseeing all financial aspects of a company. The Recording in Journals & Posting in Ledgers course from the University of California, Irvine will give you a strong foundation in accounting principles and financial management techniques. This course will teach you how to analyze and record various business transactions, as well as how to post these transactions to the general ledger. This knowledge will be essential for your success as a CFO.

See salaries and explore the career path for Chief Financial Officer (CFO)

Budget Analyst

Budget Analysts are responsible for preparing and managing budgets for organizations. The Recording in Journals & Posting in Ledgers course from the University of California, Irvine will give you a strong foundation in accounting principles and budgeting techniques. This course will teach you how to analyze and record various business transactions, as well as how to post these transactions to the general ledger. This knowledge will be essential for your success as a Budget Analyst.

See salaries and explore the career path for Budget Analyst

Forensic Accountant

Forensic Accountants are responsible for investigating financial fraud and other financial crimes. The Recording in Journals & Posting in Ledgers course from the University of California, Irvine will give you a strong foundation in accounting principles and forensic accounting techniques. This course will teach you how to analyze and record various business transactions, as well as how to post these transactions to the general ledger. This knowledge will be essential for your success as a Forensic Accountant.

See salaries and explore the career path for Forensic Accountant

Management Accountant

Management Accountants are responsible for providing financial information to managers to help them make informed decisions. The Recording in Journals & Posting in Ledgers course from the University of California, Irvine will give you a strong foundation in accounting principles and management accounting techniques. This course will teach you how to analyze and record various business transactions, as well as how to post these transactions to the general ledger. This knowledge will be essential for your success as a Management Accountant.

See salaries and explore the career path for Management Accountant

Bookkeeper

Bookkeepers are responsible for maintaining financial records and preparing financial statements. The Recording in Journals & Posting in Ledgers course from the University of California, Irvine will give you a strong foundation in the principles of accounting. This course will teach you how to analyze and record various business transactions, as well as how to post these transactions to the general ledger. This knowledge will be essential for your success as a Bookkeeper.

See salaries and explore the career path for Bookkeeper

Controller

Controllers are responsible for managing the day-to-day financial operations of a company. The Recording in Journals & Posting in Ledgers course from the University of California, Irvine will give you a strong foundation in accounting principles and financial management techniques. This course will teach you how to analyze and record various business transactions, as well as how to post these transactions to the general ledger. This knowledge will be essential for your success as a Controller.

See salaries and explore the career path for Controller

Staff Accountant

As a Staff Accountant, you will be involved in the recording and posting of financial transactions. The Recording in Journals & Posting in Ledgers course from the University of California, Irvine will give you a strong foundation in these processes. This course will teach you how to analyze and record various business transactions, as well as how to post these transactions to the general ledger. This knowledge will be essential for your success as a Staff Accountant.

See salaries and explore the career path for Staff Accountant

Data Analyst

Data Analysts are responsible for collecting, analyzing, and interpreting data. The Recording in Journals & Posting in Ledgers course from the University of California, Irvine will give you a strong foundation in accounting principles and data analysis techniques. This course will teach you how to analyze and record various business transactions, as well as how to post these transactions to the general ledger. This knowledge will be essential for your success as a Data Analyst.

See salaries and explore the career path for Data Analyst