Financial Accounting #3: Closing Process

Learn how to enter closing journal entries to end one accounting period and start another from a practicing CPA, CGMA, CPI, with a Masters of Science in Taxation.

Financial Accounting #3: Closing Process

Learn how to enter closing journal entries to end one accounting period and start another from a practicing CPA, CGMA, CPI, with a Masters of Science in Taxation.
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About the Class

Through working with students from many different schools, Mr. Steele has learned best practices for helping people understand accounting fast. Learning new skills and finding the best way to share knowledge with people who can benefit from it is a passion of his.

Mr. Steele has experience working as a practicing Certified Public Accountant (CPA), an accounting and business instructor, and curriculum developer. He has enjoyed putting together quality tools to improve learning and has been teaching, making instructional resources, and building curriculum since 2009. He has been a practicing CPA since 2005.

In addition to working as an accountant, teaching, and developing courses Mr. Steele has helped create an accounting website at accounting instruction, a YouTube channel called accounting instruction, help, and how too, and has developed supplemental resources including a Facebook page, twitter page, and podcasts that can be found on i-tunes, Stitcher, or Soundcloud. Mr. Steele's teaching philosophy is to make content applicable, understandable, and accessible.

Adult learners are looking for applications when they learn new skills. In other words, learners want to be able to apply skills in the real world to help their lives. Mr. Steele’s formal accounting education, practical work experience, and substantial teaching experience allow him to create a curriculum that combines traditional accounting education with practical knowledge and application. He accomplishes the goals of making accounting useful and applicable by combining theory with real-world software like Excel and QuickBooks.

Many courses teach QuickBooks data entry or Excel functions but are not providing the real value learners want. The real value is a result of learning technical skills like applications, in conjunction with specific goals, like accounting goals, including being able to interpret the performance of a business.

Mr. Steele makes knowledge understandable by breaking down complex concepts into smaller units with specific objectives and using step by step learning processes to understand each unit. Many accounting textbooks cram way too much information into a course, making it impossible to understand any unit fully. By breaking the content down into digestible chunks, we can move forward much faster.

Mr. Steele also makes use of color association in both presentations and Excel worksheets, a learning tool often overlooked in the accounting field, but one that can vastly improve the speed and comprehension of learning accounting concepts.

The material is also made understandable through the application of concepts learned. Courses will typically demonstrate the accounting concepts and then provide an Excel worksheet or practice problems to work through the concepts covered. The practice problems will be accompanied by an instructional video to work through the problem in a step by step format. Excel worksheets will be preformatted, usually including an answer tab that shows the completed problem, and a practice tab where learners can complete the problem along with a step by step presentation video.

Mr. Steel makes learning accounting accessible by making use of technology and partnering with teaching platforms that have a vision of spreading knowledge.

Author

Robert Bob Steele Cpa Cgma M S Tax Cpi Has A Account

Certified Public Accountant (CPA) CGMA M.S.tax CPI
Through working with students from many different schools, Mr. Steele has learned best practices for helping people understand accounting fast. Learning new skills and finding the best way to share knowledge with people who can benefit from it is a passion of his. Mr. Steele has experience working as a practicing Certified Public Accountant...

School

Robert Bob Steele Cpa Cgma M S Tax Cpi Has A Account's School

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What's Included

Language: English
Level: All levels
Skills: Financial Accounting, Accounting, Business, Closing Process
Age groups: All ages
Duration: 6 hours 22 minutes
36 Videos
14 Documents
0
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