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Recorded Training Discussion – CLO 1
In Chapters 1 and 2 of the Wild, J., & Shaw
Recorded Training Discussion – CLO 1
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 https://www.youtube.com/watch?v=ib4oipW7QaQ
The Finance Storyteller. (2020). Trial balance vs balance sheet. In YouTube. https://www.youtube.com/watch?v=hzNqPXgMCwA
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.
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