This course shows you how to create a worksheet used to adjust the account balances and prepare the financial statements. Use your financial statements to measure performance, make improvements and set goals. The final step covered in this course is closing your books and preparing them for the next accounting period; this is done by journalizing and posting closing entries. 

One month; Sharon deFonteny, instructor


Unit 1:  Prepare a Worksheet
·         What is a worksheet
·         Columns included in the worksheet
·         Completing each column
Unit 2:  The Income Statement
·         Review the worksheet columns for the Income Statement
·         Prepare the income statement
·         Determine a profit or loss
Unit 3:  The Balance Sheet
·         Review the worksheet columns for the Balance Sheet
·         Prepare the balance sheet
Unit 4:  Closing Entries and Statement of Changes in Owner’s Equity
·         Prepare post-closing entries for revenue and expense accounts
·         Prepare a statement of changes in owner’s equity
·         Applying year-end steps monthly or quarterly

Question MarkAbout online learning

Online learning is a fun, enjoyable and very productive way to learn. Millions of people are learning online each year. You will engage with the instructor and other participants. You will get to know your instructor and other participants. You may make friends.  It’s easy. It’s fun. 

GearsHow the Course Works

It is easy to participate in your online course. After you register, you will be given a web address to go to get into your online classroom.  You will have a password and use your email address and password to gain access.

Once inside the online classroom, here’s what you can expect.

CalendarParticipate when you want

You can participate any time of day or evening. The online classroom is open 24 hours a day, 7 days a week.
There are no live real-time requirements or meetings. You decide when you participate.
For the best learning, participants should log into the course on 2-3 different days of the week.

ChecklistWhat you will do

For each Unit, you will:

  • Access the online readings
  • Listen to the audio presentation for the Unit and view the slides
  • Take a self-quiz to see how much you have learned
  • Engage in written online discussion with your instructor and other participants

For best learning, you should make one or more comments at 2-3 different times each day.

The content (readings, audio lectures, slides) and self-quizzes are accessible for the entire course, so you can work ahead, or go back and review again, at your convenience.


The Discussion for each Unit lasts one week. All comments are made in writing and can be made at any time of the day or night.

Your instructor will log into the Discussion area at least once a day and answer questions, make comments, and respond to comments by you and the other participants.

We encourage you to make 2-3 comments each day to maximize your learning and enjoyment of the course.

It’s easy. It’s fun.



Next offering(s):

Closing Procedures and Financial Statements
November 2 - 27
April 5 - 30, 2021
June 7 - July 2, 2021

General Ledger and Month End Procedures
October 5 - 30
March 1 - 26, 2021
May 3 - 28, 2021

Understanding Debits and Credits
February 1 - 26, 2021
April 5 - 30, 2021

Add Certificate To Cart
$495.00 USD
$195 USD

Ave. hours 16; 1.6 CEUs/ILUs

About Your Instructor

Sharon deFonteny has a degree in Business Education with a concentration in Accounting and spent many years in Corporate America working in Accounting and Finance. For the past 5 years, she has created and taught online Business courses for Bucks County Community College. Her experience in business, as well as experience in teaching, has allowed her to help people understand the Accounting and Finance process.  

Directional ArrowsCourse Objectives

·         Students will be able to prepare a worksheet that shows the unadjusted trial balance, adjustments, adjusted trial balance, and columns for financial statements.
·         Students will learn how to use the worksheet to prepare the Income Statement and the Balance Sheet.
·         Students will be able to prepare and post-closing entries so that the books are ready for the next accounting cycle.

Puzzle PiecesCourse Outcomes

Upon completion of this course, you will be able to:

·         Prepare a worksheet used for accumulating and sorting information needed for the financial statements.
·         Prepare and Income Statement
·         Prepare a Balance Sheet
·         Prepare a Statement of Changes in Owner’s Equity
·         Post closing entries for the accounting period
Completion Requirements