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University of California, Irvine

Completing the Accounting Cycle

Students prepare statements relevant to year end accounting processes synthesizing what they have learned in the previous two courses. Specific topics include adjusting entries, closing entries (with a focus on the adjustment to retained earnings), the preparation of an income statement, retained earnings statement, and a balance sheet, and the procedure for recording the four closing entries. Students will also learn how to prepare the post-closing trial balance.

Status: Accounting Records
Status: Income Statement
Course10 hours

Featured reviews

KE

5.0Reviewed Sep 30, 2022

A​llah bless you , it was very helpful to me i am vey glad to gane this Certificate , thanks so so much.

NA

4.0Reviewed Mar 19, 2023

Very well, but some of the questions in the quiz need to match with the correct answer. Thx

ME

5.0Reviewed Jan 28, 2022

learnt how to prepare adjusted Trail Balance and Financial Statements ( Net Income ,Retained Earning , Balance sheet) .course also helped me to refresh my Information and increasing Knowledge.

MM

5.0Reviewed Jun 22, 2024

Very details for someone new to accounting , this has been eye opening

JV

5.0Reviewed Nov 17, 2022

Fantastic!!!! This is by far the best and most educational of all.

JQ

5.0Reviewed Dec 31, 2022

excellent training. Professor is super knowledgeable easy to understand steps.

GW

5.0Reviewed Jan 28, 2022

I appreciate this introduction course. I will continue to learn more through other more advance course.

RT

5.0Reviewed Sep 23, 2025

I was able to polish my accounting skills, along with unlearning some detrimental habits in order to learn how to the steps properly in this era. Thank you once again.

KG

4.0Reviewed Jan 15, 2023

The information was easy to follow and understand. The number of errors in the quizzes were frustrating, as when the correct answers are selected, the software counts it as incorrect.

MI

5.0Reviewed Aug 14, 2022

The course is well designed and the trainer is really good. It gives a clear picture of an accounting cycle.

SR

5.0Reviewed Jun 9, 2021

This course was a useful and basic introduction to how accounting works.

PM

5.0Reviewed Aug 6, 2023

This course has been very useful for me!!! I am very happy for Coursera!!!

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