Accounting Cycle Step 1: Analyze Transactions

This video will take you through the various accounting transactions and explain the posting process. Take note of how each transaction affects accounts on the balance sheet and income statement. This section provides the fundamental steps for taking the business that your company does on a daily basis and translating it into accounting lanaguage, to eventually become your financial reports and results.



Source: Dave Alldredge, https://youtu.be/vDCXIzvn4cE
Creative Commons License This work is licensed under a Creative Commons Attribution 3.0 License.

Last modified: Saturday, March 19, 2022, 9:28 AM