In Chapters 1 and 2 of the Wild, J., & Shaw, K. (2022) text, you learned about double entry accounting and preparation of financial statements.

In Chapters 1 and 2 of the Wild, J., & Shaw, K. (2022) text, you learned about double entry accounting and preparation of financial statements. View the following YouTube videos.




Double Entry Accounting and t-accounts (Debits and Credits). (n.d.). Www.youtube.com. Retrieved July 19, 2022, from 

The Finance Storyteller. (2020). Trial balance vs balance sheet. In YouTube. 




After viewing the videos, develop your own recorded video with the following scenario in mind: 

You have been hired by a small business to help with accounting records. A group of non-accounting professionals within your organization approach you with questions they have about these records. How would you train them on the following:

· Brief summary of major concepts found in Chapters 1 and 2

· What is a trial balance and what is its purpose? 

· How is the balance sheet derived from the trial balance?

While you are explaining, provide them with a fictitious numerical example demonstrating each point. 

Your recording should be 5 to 7 minutes long and be accompanied by a visual or slide deck. 

Share This Post

Email
WhatsApp
Facebook
Twitter
LinkedIn
Pinterest
Reddit

Order a Similar Paper and get 15% Discount on your First Order

Related Questions

Assessment Description What distinctions exist between values, ethics, laws, and standards, and how do they each influence individuals, groups, and larger

Assessment Description What distinctions exist between values, ethics, laws, and standards, and how do they each influence individuals, groups, and larger societies? In the context of the counseling profession, why are ethics especially crucial, and what are the legal and ethical considerations specific to clinical mental health counseling that arise?