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

Human Capital Deepening is a key element to increasing economic growth through policies to increase the educational opportunities for the population. 

Human Capital Deepening is a key element to increasing economic growth through policies to increase the educational opportunities for the population.  Discuss a policy established by a government, or educational institution, domestically or internationally, that has either increased or decreased human capital deepening.  In include a quote, statistic or other

Julian Osborne 1.             No, there isn’t one unique or singular Hispanic/Latino

Julian Osborne 1.             No, there isn’t one unique or singular Hispanic/Latino identity. Hispanic/Latino identity is complex and diverse, encompassing people from various countries, cultures, and backgrounds. It includes individuals with different languages, traditions, and experiences. The term “Hispanic/Latino/a/x” is an umbrella term that acknowledges this

Fully read Chap. 11: Ethically Engaging/Empowering Employees + the Michaelson and the  Nikova/Cnossen articles. Then, respond to the following three

Fully read Chap. 11: Ethically Engaging/Empowering Employees + the Michaelson and the  Nikova/Cnossen articles. Then, respond to the following three questions in each of three paragraphs: What are the specific benefits of fostering employee engagement in a workplace, and how do specific forms of organizational justice support this engagement. How