This essay focuses on interactions between financial transactions. The course begins with an illustration of passing journal entries and preparing financial statements using key accounting principles.

interactions between financial transactions

The two sources are specific sources “You May Ask Yourself” by Dalton Conley, 6th edition. Can be found online or I can send it to you if needed. The other source is optional, you can probably write the essay with just “You May Ask Yourself”. I have started the essay already.

Financial Statements for Decision Making is a free online course that teaches the processes.

In preparing the types of financial records for decision-making. This course will enhance your knowledge of the interactions between financial transactions and financial records. The course begins with an illustration of passing journal entries and preparing financial statements using key accounting principles.

Next, you will learn about recording a series of transactions involving credit payments and supplies – purchases and sales returns. You will also study the effects of transactions such as drawings and cash purchases. As well as applying the real account principle. Then, you will analyze the process of consolidating the journal entries in the ledger account using Excel spreadsheets. Finally, you will discuss different aspects of the ledger and how to prepare the profit or loss statement and the balance sheet.

This free online course aims at teaching you the interactions between financial statements.

Its function in decision-making for individuals and businesses. This course will be of interest to students, accountants, financial enthusiasts. And anyone with an interest in applying information from financial records.

This course will improve your financial decision-making skills.