An accounting and bookkeeping practice set is the best way for students to learn the practical skills essential to accounting by completing a one month accounting cycle for a fictional business.
Baldy’s Barber Shop bookkeeping practice set course was made to provide the accounting and bookkeeping student with an overview of how the manual concepts taught in an introductory accounting course can be applied to a manual and computerized accounting system. In addition, the practice set illustrates the benefits of using a computerized accounting and bookkeeping system.
Prior Knowledge Needed
The student should be familiar with basic accounting terms, debits and credits, journals, and financial statements. A free accounting textbook, quick quiz, accounting guides, and my free bookkeeping tutorials are provided to help determine if you might need to “brush up”.
This accounting practice set course is designed as an offline course and purchased and downloaded as a compressed file (zip file) – BaldysBarberShop.zip.
All forms, worksheets, and instructions including where to get the free software needed for this bookkeeping course are included.
Baldy's Barber Shop Practice Set
An Accounting and Bookkeeping Practice Set in three versions - Manual, Spreadsheets, and Manager Accounting Software
Baldy's Barber Shop is a three-way accounting practice set that includes both a manual version for completion in writing, a Microsoft® Excel or Libre Office Spreadsheet version, and a Manager Accounting Software computerized accounting software version.
Students undertaking the manual version first will achieve an undertanding of the accounting process (accounting cycle), the Spreadsheet Version illustrates the benefits of using computer applications as an aid in bookkeeping, and the Manager Accounting Software version introduces students to a general business accounting package and the benefits gained from their use.
Completion of this bookkeeping practice set will help introductory students of accounting to enhance their understanding of:
The accounting cycle
The chart of accounts
Recording transactions in the general and special journals
Posting transactions from journals into the general and subsidiary ledgers
Preparation of a trial balance and adjusted trial balance
Summarization of financial information on a worksheet
Preparation of accounting reports, including the profit and loss statement and balance sheet
Computer Accounting and Bookkeeping Software
About The Course
Detailed Information about this bookkeeping course is provided in the Getting Started Practice Set Guide and Exercise Instructions.
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