Learn how to build an accounting system using Excel and how to enter common transactions from a CPA
β±οΈ Length: 8.3 total hours
β 4.51/5 rating
π₯ 46,991 students
π December 2021 update
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- Course Overview
- Demystify accounting by transforming your familiar spreadsheets into a robust, custom-built financial system.
- Gain hands-on experience with the foundational elements of accounting, from initial data entry to generating key financial reports.
- Understand the real-world application of accounting principles through the lens of common business transactions.
- Develop a practical understanding of how individual transactions ripple through the accounting system and impact financial reporting.
- Acquire the ability to design and implement a functional accounting framework within a universally accessible software.
- This course bridges the gap between theoretical accounting knowledge and practical, day-to-day execution within a spreadsheet environment.
- Explore the logical flow of financial information, from source documents to comprehensive financial statements.
- Learn to think like an accountant by structuring data for clarity, accuracy, and effective analysis.
- Elevate your data management skills beyond simple data entry to a more sophisticated, analytical approach.
- Discover how to leverage Excel’s features to automate and streamline repetitive accounting tasks.
- Understand the interconnectedness of various accounting components, such as journals, ledgers, and financial statements.
- Build confidence in managing financial data by creating a system that you control and understand intimately.
- This course is designed for individuals seeking to gain a practical, actionable understanding of accounting processes without the need for specialized accounting software.
- Prepare to move beyond basic bookkeeping and engage with the core mechanics of financial record-keeping.
- Focus on building a system from the ground up, fostering a deeper comprehension of each element’s purpose and function.
- Requirements / Prerequisites
- Basic computer literacy is essential.
- Familiarity with the fundamental operations of Microsoft Excel, including navigating menus, entering data, and basic formatting is assumed.
- No prior formal accounting education is required; the course starts with core concepts.
- A willingness to engage with numerical data and logical sequencing is beneficial.
- Access to a functional version of Microsoft Excel is necessary to follow along and practice.
- An analytical mindset and a desire to understand “how things work” in a financial context will enhance the learning experience.
- Openness to experimentation and problem-solving within the spreadsheet environment.
- Skills Covered / Tools Used
- Spreadsheet design and data structuring.
- Customizable accounting system architecture.
- Chart of Accounts development and implementation.
- Transaction recording methodologies.
- Data validation and integrity checks.
- Formula construction for automated calculations.
- Conditional formatting for visual cues.
- Data aggregation and summarization techniques.
- Financial statement generation using spreadsheet functions.
- Debits and credits logic applied to spreadsheet entries.
- Cross-referencing and reconciliation principles.
- Microsoft Excel: Formulas, Functions (e.g., SUM, IF, VLOOKUP variations), Formatting, Data Entry.
- Understanding of accounting cycles: procurement, sales, payroll.
- Benefits / Outcomes
- Empowerment to build and manage your own financial tracking system.
- Enhanced data analysis and interpretation capabilities.
- Improved understanding of business financial health through practical application.
- Increased efficiency in managing financial records.
- Foundation for further study in accounting or finance.
- The ability to confidently discuss financial data with a clear understanding of its source.
- A tangible, working accounting system that you’ve built yourself.
- The skill to adapt and expand your Excel-based system as your needs evolve.
- A practical skill set applicable to small businesses, startups, or personal financial management.
- The confidence to troubleshoot and understand common accounting entries.
- Develop a comprehensive financial reporting capability from scratch.
- Gain an insider’s perspective on how accounting data is processed.
- PROS
- Cost-Effective: Leverages readily available software (Excel), significantly reducing the need for expensive accounting software.
- Highly Customizable: Allows for tailored system design that perfectly fits specific business needs and workflows.
- Accessibility: Utilizes a widely known and accessible tool, making it easy for many to participate and implement.
- Deep Learning: Building from scratch fosters a profound understanding of accounting mechanics.
- Practical & Hands-On: Focuses on actionable skills and immediate application of concepts.
- Scalable: The principles learned can be adapted as a business grows, with Excel capabilities expanding.
- CONS
- Potential for Errors: Manual data entry and formula creation can be prone to human error if not carefully managed and checked.
Learning Tracks: English,Finance & Accounting,Accounting & Bookkeeping
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