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Introduction to Ledgers and Transaction Basics
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Foundations of Ledgers and Basic Recording Concepts
Overview: Foundations of Ledgers and Basic Recording Concepts
What a Ledger Does
Activity: Identify Ledger Structure in a Sample Register
Account Types and Their Role
Debits and Credits as Directional Labels
Activity: Classify Directional Changes
How Entries Move Into the Ledger
Ensuring Entry Balance
Activity: Check Balance in Sample Entries
Reading a Completed Account
Exercise: Section Exercise: Build and Check a Mini Ledger
Review: Foundations of Ledgers and Basic Recording Concepts
Understanding Transaction Components and Account Effects
Overview: Understanding Transaction Components and Account Effects
What Makes Up a Basic Transaction
Activity: Sort Transaction Components
Source Documents and Why They Matter
Debit and Credit Basics
Activity: Identify Debit and Credit Sides
Account Types and How Transactions Affect Them
Normal Balances and Expected Directions
Activity: Match Account Types to Normal Balances
Putting Components Together Into an Entry
Exercise: Section Exercise: Analyze and Build Complete Transaction Entries
Review: Understanding Transaction Components and Account Effects
Applying Double-Entry Basics to Record Transactions
Overview: Applying Double-Entry Basics to Record Transactions
Identifying Accounts Involved in a Transaction
Activity: Sort Transaction Elements into Accounts
Assigning Debits and Credits
Constructing a Balanced Journal Entry
Activity: Build Your First Balanced Entry
Posting Entries into Individual Accounts
Reviewing Entries for Balance and Logic
Activity: Identify Imbalances and Logic Errors
Applying AI to Validate Journal Entries
Exercise: Section Exercise: Record and Post a Set of Beginner Transactions
Review: Applying Double-Entry Basics to Record Transactions
Building and Maintaining a Simple Ledger with AI Assistance
Overview: Building and Maintaining a Simple Ledger with AI Assistance
Defining a Simple Ledger Format
Activity: Create a Ledger Template
Entering Basic Transactions into the Ledger
Using AI to Review Entry Consistency
Activity: Run an AI Consistency Check
Maintaining Running Balances
Detecting and Fixing Entry Errors Early
Preparing the Ledger for Later Trial Balance Use
Exercise: Section Exercise: Build and Validate a Five-Entry Ledger
Review: Building and Maintaining a Simple Ledger with AI Assistance
Preparing a Beginner Trial Balance
Overview: Preparing a Beginner Trial Balance
What a Trial Balance Shows
Reading Account Balances From a Ledger
Activity: Extracting Ending Balances From Sample Ledger Entries
Laying Out a Trial Balance
Checking Debit-Credit Equality
Using AI to Review a Trial Balance
Activity: AI Review of a Draft Trial Balance
Correcting Errors Before Month-End
Exercise: Section Exercise: Build and Validate a Complete Beginner Trial Balance
Review: Preparing a Beginner Trial Balance
Executing a Basic Month-End Close Workflow
Overview: Executing a Basic Month-End Close Workflow
Understanding the Month-End Close Sequence
Cutoff and Reconciling Recorded Activity
Activity: Identify Missing or Misaligned Period Transactions
Preparing Adjusting Entries
Reviewing Updated Balances
Drafting a Simple Month-End Summary
Activity: Create a One-Page Month-End Summary
Exercise: Section Exercise: Complete a Beginner Month-End Close
Review: Executing a Basic Month-End Close Workflow
Course Study Guide
Overview: Course Study Guide
Recap
What You Can Do Next
Additional References
Review: Course Study Guide
Lab: Course Lab -- Build and Validate a Beginner Ledger
Overview: Lab: Course Lab -- Build and Validate a Beginner Ledger
Lab: Course Lab -- Build and Validate a Beginner Ledger
Review: Lab: Course Lab -- Build and Validate a Beginner Ledger
Lab: Course Lab -- Build and Validate a Beginner Ledger
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All categories
Course Demonstrations
Free Mini Courses
AI Learning Hub
AI Essentials
Level 1: Generative AI Foundation
Level 2: Grounding AI with your Data
Level 3: Automating AI Workflows
Office
Webinars
Power BI
Programming
WordPress
Microsoft Official
Accounting
CompTIA
Google
Upskilling Series
ONLC Staff Training
Generative AI Skills
Instructor Review
Private Classes
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Course info
Introduction to Ledgers and Transaction Basics
Learn how simple accounting records work and practice building them with AI.
Skill Level
:
Beginner
