Financial Accounting – Subsidiary Ledgers & Special Journals

Mastering Special Journals and Subsidiary Ledgers: A Comprehensive Guide to Streamlined Accounting Practices

Created by: Robert (Bob) Steele
CPA, CGMA, M.S. Tax, CPI

What Will I Learn?

• Identify and explain the role of special journals in simplifying data entry and ledger maintenance in accounting.
• Accurately categorize diverse financial transactions and record them in their respective special journals.
• Analyze the impact of special journals on reducing general ledger postings and enhancing data management efficiency.
• Differentiate between the usage and purpose of accounts receivable and accounts payable subsidiary ledgers.
• Develop, maintain, and interpret subsidiary ledgers, improving the understanding of debtor and creditor relationships.
• Leverage Excel tools for robust data management, aiding in the analysis of accounting transactions.
• Improve problem-solving skills by evaluating complex accounting problems through multiple-choice questions.
• Utilize downloadable PDF resources to expand learning beyond course videos, facilitating comprehensive study and review.
• Apply course-acquired knowledge and skills to address real-world accounting problems, boosting professional competence.

Requirements

• A basic understanding of financial accounting concepts, including debits and credits.
• Familiarity with financial transactions and general ledger management.
• Access to a computer and internet to download course materials and watch instructional videos.
• Motivation and readiness to participate in discussions and tackle practical accounting problems.

Target audience

• Intermediate Accounting students who are looking to deepen their understanding of special journals and subsidiary ledgers.
• Aspiring accountants or financial professionals who want to gain practical skills in managing accounts receivable and payable ledgers.
• Business owners who need to understand these accounting techniques for improved business financial management.
• Professionals in the finance field who aim to upgrade their skills or need a refresher on these accounting procedures.