Today we will go over the adjusting process. This is where we make our adjusting journal entries to get from our unadjusted trial balance to our adjusted trial balance, which contains the figures we use on the financial statements and tax returns. We will briefly discuss prepaid expenses, unearned revenues, accrued revenues, accrued expenses, and depreciation/amortization.
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17 - The Objectives of Financial Reporting & Concepts of Accrual Accounting
16 - Closing the Books at the End of the Period (The Closing Process)
14 - An Overview of the Accounting Cycle
13 - How to Dominate Indirect Cash Flow Statements (Fake Cash Method)
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