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Accounting Journals and Ledgers

  • Accountant
  • CPA/ABV
  • CPA (CA)
  • CPA/CFF
  • CFE
  • CGFM
  • CIA
  • CMA
  • CPA (US)
  • CVA
  • CA - ICAEW
  • CFA
  • IAP
  • QIAL
  • ACCA
  • CIPM
  • CBA/MCBA
  • FPAC
  • CA - Ireland
  • CA - Scotland
  • CPA - Ireland
  • CFIRS
  • CWS

Published: February, 2022

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Before starting this self study program, please go through the instructional document.

  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Course Description

A core premise of accounting deals with the concept of journals, ledgers and journal entries.  The need for various journals or ledgers may depend on the size and structure of the organization.  Bookkeepers must understand how each tool is developed and how they interrelate.

An accounting journal is a detailed account of all the financial transactions of a business. It is also known as the book of original entry (the first place where transactions are recorded). An accounting ledger is an account or record used to store bookkeeping entries for balance sheet and income statement transactions. Accounting ledger journal entries can include accounts like cash, accounts receivable, investments, inventory, accounts payable, accrued expenses, and customer deposits. The term accounting ledger is often used interchangeably with accounting sub-ledgers or the general ledger. A general ledger contains all the accounts for recording transactions relating to a company's assets, liabilities, owners' equity, revenue, and expenses. The general ledger is where posting to the accounts occurs.

This online CPE course will examine each of these accounting tools and explain their protocols and how they are integral to the accounting process.

Major topics covered in this online Accounting CPE webinar:

  • Accounting Journals
  • General Ledgers and Sub-Ledgers
  • General Ledger vs. General Journal
  • General Ledger vs. balance Sheet
  • Illustrations of Posting to the GL

Whether you are a business owner or want to develop the skill of bookkeeping to begin a career, there are critical accounting and bookkeeping concepts that are important to learn. This continuing education course have been developed by Lynn Fountain a CPA who has both small and large business accounting experience and background.  The full curriculum of course will provide you with the ultimate foundation to a career as a bookkeeper.  


Click to access more webinars on Accounting & Auditing | Free CPE webinars | Free Ethics Courses 

Modules

  • 1.1 Introduction
  • 00:05:16
  • 1.2 Agenda
  • 00:00:33

  • 2.1 What is Accounting Journal
  • 00:05:57
  • 2.2 General Ledgers and Sub-Ledgers
  • 00:00:34
  • 2.3 Definition of Ledger
  • 00:01:19
  • 2.4 What is General Ledger
  • 00:01:35
  • 2.5 General Ledgers vs General Journal
  • 00:02:32
  • 2.6 General Ledger vs Balance Sheet
  • 00:01:08

  • 3.1 What is Ledger
  • 00:02:07
  • 3.2 Subsidary Ledger
  • 00:00:27
  • 3.3 Sub-ledger vs Journal
  • 00:00:52
  • 3.4 Subsidary Ledger
  • 00:03:50
  • 3.5 Journal vs Ledger
  • 00:02:47
  • 3.6 Illustrations on how Ledgers and SUb-General work
  • 00:08:53

  • 4.1 Why they are important
  • 00:01:43

  • 5.1 Summary
  • 00:02:57
  • 5.2 Ending Speech
  • 00:01:09

Learning Objectives

  • To explore the concept of accounting journals.
  • To explore the concept of ledgers including: the general ledger, subsidiary ledgers, ledger accounts
  • To describe how to evaluate, compare and contrast the purpose and substance of the various ledgers.
  • To examine processes for posting to the general ledger.
  • To identify the critical components of ledger closing and month-end or period end requirements

Recommended For

  • This online CPE webinar for CPAs and CMAs is recommended for CFO’s, CEO’s, Managers, Supervisors, and any accounting individual seeking to learn critical accounting and book keeping concepts.

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Certified Fraud Examiner
  • Certified Management Accountant (CMA)
  • Certified Public Accountant (CPA)
  • Certified Valuation Analysts
  • Cloud Accountants
  • Entrepreneurial Accountant
  • Senior Accountant
  • Staff of Accounting Firm

Course Qualification

Webinar Qualifies For

  • 1 CPE Credit of Financial Accounting for Certified Internal Auditors (CIA)
  • 1 CPE Credit of Financial Reporting for Certified Management Accountants (CMA)
  • 1 CPE Credit of Accounting for Certified Public Accountants (CPA-US)
  • 1 CPE Credit for Internal Audit Practitioner (IAP)
  • 1 CPE Credit for Qualification in Internal Audit Leadership (QIAL)
  • 1 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 1 CE Credit for Certified Wealth Strategist (CWS)
  • 1 General Credit for Accountant/Bookeeper
  • 1 CPD Credit for Chartered Accountants - Ireland (CAI)
  • 1 CPD Credit for CPA - Ireland
  • 1 CPD Credit for Chartered Accountants - Scotland
  • 1 CPD Credit for CA - ICAEW
  • 1 CPD Credit for Chartered Certified Accountants (ACCA)
  • 1 CPD Credit of Financial Reporting for Accredited in Business Valuation (ABV)
  • 1 CPD Credit of Financial Reporting for Certified Financial Forensics (CFF)
  • 1 CPE Credit of Accounting for Certified Fraud Examiner (CFE)
  • 1 CPE Credit of Financial accounting for Certified Valuation Analyst (CVA)
  • 1 PL Credit for Chartered Financial Analyst (CFA)
  • 1 PL Credit for Certificate In Investment Performance Measurement (CIPM)
  • 1 CPE Credit of Financial accounting for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)
  • 1 CRE Credit for Certified Corporate FP&A Professional (FPAC)
  • 1 CPE Credit for Certified Government Financial Manager (CGFM)
  • 1 CPD Credit of Accounting for Chartered Professional Accountant (CPA Canada)

Additional details

  • Course Level :
    Basic
  • Credits :
    1
  • Instructional Method :
    QAS Self Study
  • Pre-requisites :
    None
  • Advance Preparation :
    None

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MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Presenter

About Presenter

Lynn Fountain, CRMA, CPA (US), CGMA, MBA

Owner, Lynn Fountain Consulting and Training

Lynn Fountain has over 39 years of experience spanning public accounting, corporate accounting and consulting. 20 years of her experience has been working in the areas of internal and external auditing and risk management. She is a subject matter expert in multiple fields including internal audit, ethics, fraud evaluations, Sarbanes-Oxley, enterprise risk management, governance, financial management and compliance.  Lynn has held two Chief Audit Executive (CAE) positions for international companies.   In one of her roles as CAE, she assisted in the investigation of a multi-million-dollar fraud scheme perpetrated by a vendor that spanned 7 years and implicated 20 employees.  The fraud was formally investigation by the FBI and resulted in 5 indictments estimating a $13M fraud loss.

Ms. Fountain is currently engaged in her own consulting and training practice.  She has successfully executed on several consulting assignments spanning areas of accounting, risk, ERM and internal audit.  She is a highly sought-after trainer and international speaker and has produced hundreds of courses delivered through seminars, conferences and on-demand training.  She is the author of three separate technical books. 

  • Raise the Red Flag – The Internal Auditors Guide to Fraud Evaluations”.
  • Leading the Internal Audit Function
  • Ethics and the Internal Auditor’s Dilemma

Ms. Fountain obtained her BSBA from Pittsburg State University and her MBA from Washburn University in Kansas. She has her CPA, CGMA, CRMA credentials. 


About Company

Lynn Fountain Consulting and Training

www.lynnfountain.net/

Ms. Fountain has become known as an international trainer on topics of Leadership, Internal Audit, Accounting, Finance, Ethics, Business Processes, Bookkeeping, Cybersecurity and Business Issues.  She has over 150 training topics that can be tailored to meet your needs.

Faq

FAQs content

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