Did you know that 82% of small businesses fail due to poor financial management and unclear cash flow visibility? This Short Course was created to help accounting professionals accomplish accurate financial statement preparation from trial balance data.
Financial Statements: Compile & Classify Accounts
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Financial Statements: Compile & Classify Accounts
This course is part of Bookkeeping Foundations and General Ledger Management Specialization
Instructor: Hurix Digital
Included with
Gain insight into a topic and learn the fundamentals.
Beginner level
Recommended experience
1 hour to complete
Flexible schedule
Learn at your own pace
What you'll learn
Trial balance data underpins financial statements by separating temporary accounts from permanent ones for accurate reporting.
Spreadsheet formulas automate financial statement prep, streamlining bookkeeping and minimizing manual errors.
Accurate account classification needs understanding of the accounting equation and current vs. non-current categories.
Financial statement accuracy relies on a balanced equation and correct account placement in each statement section.
Skills you'll gain
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Recently updated!
January 2026
Taught in English
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This course is part of the Bookkeeping Foundations and General Ledger Management Specialization
When you enroll in this course, you'll also be enrolled in this Specialization.
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There are 2 modules in this course
Learners will master the practical application of spreadsheet formulas to transform raw trial balance data into professional income statements, automating the compilation process that accounting professionals use daily when exporting QuickBooks data and creating financial reports.
What's included
3 videos1 reading2 assignments
Learners will master the fundamental principles of general ledger account classification, understanding how to properly categorize accounts within financial statements based on the accounting equation and distinguishing between current/non-current designations for professional financial reporting.
What's included
2 videos1 reading3 assignments
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