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Live Webinar

90-minute live streaming program
  • May 8
  • 1:00 - 2:30 pm EST

Introduction to Creating The Ledger and Trial Balance

May 8

Join us for a comprehensive overview of essential principles and practical applications of financial reports, spot errors, save money, avoid pitfalls, and enhance your career.

Many business people and professionals do not understand the complexities of accounting records; they must, however, be familiar with the accounting equation and have a thorough understanding of accounting and bookkeeping principles in order to make informed and accurate decisions and stay ahead of the competition. In addition, those who want to pursue ledger, trial balance, and recordkeeping proficiency, must obtain a solid, practical basis from a professional, otherwise records are meaningless or, even worse, can contain inaccurate information. This topic offers a comprehensive overview of essential principles and practical applications. The information will allow you to more effectively be able to evaluate financial reports, spot errors, save money, avoid pitfalls, and enhance your career. Information is the lifeblood of businesses and nonprofits.

Learning Objectives

  • You will be able to create accurate and professional looking business records, whether computerized or manual.
  • You will be able to explain the accounting system and converse with professionals.
  • You will be able to illustrate correct recordkeeping and accounting errors you may make before they get out and be able to identify miscalculations of others.
  • You will be able to identify the best ways to approach ledgers, trial balances, and other documents to lead your organization towards its goals and objectives; for only in understanding the business cycle can you participate in the business process.

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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Overview of Accounting Basics
  • Why Is Accounting and Creating the Records Important?
Start at the End
  • The Ultimate Goal
  • What Are the Statements Trying to Tell Us?
  • Understand the Concept and It Is Easier to Create the General Ledger and Trial Balance
Recording Transactions
  • The Accounting Model
  • Manual and Computerized Systems
  • Ledgers and T-Accounts
  • Journals
  • Trial Balance
  • Case Study
Special Areas
  • Payroll
  • Depreciation
  • Inventory
  • Tax
Getting Closure
  • Month-End and Year-End Closings
  • Summary of Closing Procedures
  • Sequence of Accounting Procedures
Understanding It All as a Whole
  • Interrelationship of Financial Information
  • Book vs. Tax – Can There Be Two Sets of Books?
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More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

Live Webinar Registration

  • CPE 1.8 including Accounting 1.8
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.8 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Accounting for 1.8 hours. Prerequisite: basic knowledge of business financials. Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     
  • Lorman Business Center, Inc. is a registered provider for CPA CPE through the State Education Department of New York, Sponsor number: 000640. The following course will carry the subject area of Accounting for 1.5 hours.
     

Who should attend?

This live webinar is designed for presidents, vice presidents, accountants, CPAs, controllers, accounting managers, CFOs, directors, business owners and managers, finance directors, and estate and financial planners.

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More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Brian D. Levine, M.B.A., CPA

Brian D. Levine, M.B.A., CPA

Brian D. Levine, MBA, CPA Jersey Tax & Accounting, LLC

  • Founder of Brian D. Levine, MBA, CPA Jersey Tax & Accounting, LLC
  • Service clients nationally and locally regarding: accounting, taxes, investment planning, financial and economic analyses, litigation support, expert witness work and management counseling
  • Frequent speaker and has written several publications
  • Member of numerous professional organizations
  • M.B.A. degree, Rutgers Graduate School of Management; B.A. degree, Rutgers College
  • Can be contacted at 732-846-5454 or [email protected]
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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Pay once and get a full year of unlimited training in any format, any time!

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Product ID: 405433
Published 2019
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