Skip to main content
Adjusting Entries and Timing
0%
Previous
Course data
General
Announcements
Why Timing Differences Create Adjusting Entries
Overview: Why Timing Differences Create Adjusting Entries
Accrual timing versus cash timing
Activity: Sort cash timing and accrual timing examples
What an adjusting entry does
The two big reasons timing differences happen
How to tell when an account needs an adjustment
Why this matters for month-end close
Exercise: Section Exercise
Review: Why Timing Differences Create Adjusting Entries
Accruals and Deferrals in the General Ledger
Overview: Accruals and Deferrals in the General Ledger
What accruals and deferrals change in the ledger
Activity: Sort timing examples into accrual or deferral
Accruals in accounts and expenses
Deferrals in revenue and expense accounts
How the general ledger shows the adjustment
Activity: Trace one adjustment through the ledger
Judging whether an adjustment is complete
Reading-only recap: why these entries matter for close
Exercise: Section Exercise
Review: Accruals and Deferrals in the General Ledger
Recording Prepaids, Accrued Expenses, and Unearned Revenue
Overview: Recording Prepaids, Accrued Expenses, and Unearned Revenue
What these timing items are
Activity: Sort timing items into the right bucket
Prepaid expenses: pay now, use later
Accrued expenses: use now, pay later
Unearned revenue: collect now, earn later
Choosing the right adjusting entry
Activity: Match the situation to the journal entry direction
Exercise: Section Exercise
Review: Recording Prepaids, Accrued Expenses, and Unearned Revenue
Estimating Noncash Adjustments and Depreciation
Overview: Estimating Noncash Adjustments and Depreciation
What noncash adjustments do
Activity: Sort cash and noncash adjusting entries
Depreciation as cost allocation
The straight-line depreciation formula
Activity: Calculate monthly depreciation
Estimated useful life and salvage value
Recording depreciation in the general ledger
Exercise: Section Exercise
Review: Estimating Noncash Adjustments and Depreciation
Posting Adjusting Entries and Checking Account Balances
Overview: Posting Adjusting Entries and Checking Account Balances
What gets posted after an adjusting entry
Activity: Match each adjusting entry to the affected accounts
Why account balances must match source records
Finding the cause of a balance difference
Activity: Sort the mismatch before you fix it
Checking cash balances the practical way
Posting entries without creating a new error
Activity: Check a posted entry for errors
What this section adds to the close package
Exercise: Section Exercise
Review: Posting Adjusting Entries and Checking Account Balances
Assembling the Adjusted Trial Balance and Close Package
Overview: Assembling the Adjusted Trial Balance and Close Package
What the adjusted trial balance proves
Build the close package from the ledger
Activity: Sort month-end documents into a close package
Separate temporary and permanent accounts
Prepare closing entries at a beginner level
Check the close package for errors and missing support
Reading-only wrap-up: handoff to the next accounting cycle
Exercise: Section Exercise
Review: Assembling the Adjusted Trial Balance and Close Package
Course Study Guide
Overview: Course Study Guide
Recap
What You Can Do Next
Additional References
Review: Course Study Guide
Lab: Course Lab -- Part 1
Overview: Lab: Course Lab -- Part 1
Lab: Course Lab -- Part 1
Review: Lab: Course Lab -- Part 1
Lab: Course Lab -- Part 1
Lab: Course Lab -- Part 2
Overview: Lab: Course Lab -- Part 2
Lab: Course Lab -- Part 2
Review: Lab: Course Lab -- Part 2
Lab: Course Lab -- Part 2
Next
Side panel
Categories
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
Home
Log in
Username
Username
Password
Password
Forgot your password?
Log in
Categories
Collapse
Expand
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
Home
Course info
Adjusting Entries and Timing
Fix timing differences so the month tells the right story.
Skill Level
:
Beginner
