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⇱ Trial Balance to Financial Reporting | Coursera


Trial Balance to Financial Reporting

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Gain insight into a topic and learn the fundamentals.
Intermediate level

Recommended experience

1 week to complete
at 10 hours a week
Flexible schedule
Learn at your own pace

Gain insight into a topic and learn the fundamentals.
Intermediate level

Recommended experience

1 week to complete
at 10 hours a week
Flexible schedule
Learn at your own pace

What you'll learn

  • Understand the complete process of preparing and correcting trial balances.

  • Learn to perform bank and supplier reconciliations effectively.

  • Gain expertise in preparing financial statements for different business structures.

  • Master adjustments and the preparation of cash flow statements, applying international accounting standards.

Details to know

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Recently updated!

May 2026

Assessments

5 assignments

Taught in English

Build your subject-matter expertise

This course is part of the Accounting Basics: ACCA/CIMA/CMA/CA/AAT/Cambridge/Edexcel Specialization
When you enroll in this course, you'll also be enrolled in this Specialization.
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  • Gain a foundational understanding of a subject or tool
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  • Earn a shareable career certificate

There are 3 modules in this course

This course features Coursera Coach! A smarter way to learn with interactive, real-time conversations that help you test your knowledge, challenge assumptions, and deepen your understanding as you progress through the course.

This course will help you gain a deep understanding of the accounting processes, from reconciliations to the preparation of comprehensive financial reports. You’ll learn essential techniques for bank and supplier reconciliations, as well as the critical corrections for accounting errors. Through these skills, you'll also master the process of financial statement preparation, including adjustments and the completion of cash flow statements, among other advanced reporting concepts. The course is structured to first guide you through reconciliation processes, followed by the preparation and correction of trial balances, and ultimately, the detailed crafting of financial reports. Along the way, you will also learn how to apply international accounting standards like IAS 10 and IFRS 15 and explore more advanced concepts like the statement of cash flows. This course is designed for professionals and students who wish to build or enhance their knowledge of financial reporting. No prior accounting experience is required, making it ideal for beginners or those looking to further their career in finance and accounting. By the end of the course, you will be able to prepare trial balances, correct accounting errors, apply necessary adjustments, and create comprehensive financial statements, including cash flow statements.

In this module, we will explore the process of performing reconciliations in accounting. We will cover how to prepare bank reconciliation statements and supplier reconciliations. Additionally, we will summarize key reconciliation concepts and techniques, helping you understand the importance of maintaining accurate financial records.

What's included

3 videos2 readings1 assignment

3 videosβ€’Total 84 minutes
  • Bank Reconciliationβ€’73 minutes
  • Supplier Reconciliationβ€’10 minutes
  • Bank & Supplier Rec Summaryβ€’2 minutes
2 readingsβ€’Total 20 minutes
  • Introduction to the course 'Trial Balance to Financial Reporting'β€’10 minutes
  • Full Course Resourcesβ€’10 minutes
1 assignmentβ€’Total 15 minutes
  • Reconciliations - Assessmentβ€’15 minutes

In this module, we will dive into the preparation of the trial balance and its significance in financial reporting. We will also cover various types of accounting errors and demonstrate how to correct them using journal entries. Furthermore, we will explore how to address errors impacting profit calculations, ensuring the accuracy of your financial records.

What's included

5 videos1 assignment

5 videosβ€’Total 110 minutes
  • Trial Balanceβ€’15 minutes
  • Correction of Errors 1β€’43 minutes
  • Correction of Errors 2β€’27 minutes
  • Correction of Errors 3β€’11 minutes
  • Correction of Errors 4β€’13 minutes
1 assignmentβ€’Total 15 minutes
  • Trial Balance & Correction of Errors - Assessmentβ€’15 minutes

In this module, we will focus on advanced reporting techniques and the preparation of financial statements. We will walk through the process of applying final adjustments to financial data and preparing sole trader financial statements. Additionally, we will explore international accounting standards, including IAS 10 and IFRS 15, to enhance your understanding of advanced financial reporting.

What's included

15 videos1 reading3 assignments

15 videosβ€’Total 478 minutes
  • Adjustmentsβ€’38 minutes
  • Sole Trader Financial Statements 1β€’38 minutes
  • Sole Trader Financial Statements 2β€’29 minutes
  • Sole Trader Financial Statements 3β€’44 minutes
  • Sole Trader Accounting Equationβ€’18 minutes
  • Financial Statements Basics 1β€’41 minutes
  • Financial Statements Basics 2β€’23 minutes
  • IAS 10 Events After Reporting Periodβ€’46 minutes
  • IFRS 15 Revenue from Contract with Customersβ€’31 minutes
  • Incomplete Recordsβ€’41 minutes
  • Statement of Cash Flows 1β€’28 minutes
  • Statement of Cash Flows 2β€’51 minutes
  • Statement of Cash Flows 3β€’21 minutes
  • Statement of Cash Flows 4β€’22 minutes
  • Statement of Cash Flows 5β€’7 minutes
1 readingβ€’Total 10 minutes
  • Conclusion to the Course 'Trial Balance to Financial Reporting'β€’10 minutes
3 assignmentsβ€’Total 90 minutes
  • Financial Statements & Advanced Reporting - Assessmentβ€’15 minutes
  • Full Course Assessmentβ€’60 minutes
  • Full Course Practice Assessmentβ€’15 minutes

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Instructor

Packt
1,926 Coursesβ€’560,010 learners

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Frequently asked questions

Trial Balance to Financial Reporting is a course designed to teach learners the complete process of transitioning from trial balance to preparing detailed financial reports. It’s essential for those in accounting and finance because understanding this process is fundamental for preparing accurate and reliable financial statements, which are vital for decision-making and compliance.

This course covers key accounting processes such as reconciliations, trial balance preparation, correction of errors, and the preparation of financial statements. It walks through the concepts of bank and supplier reconciliation, adjustments, the preparation of sole trader financial statements, and an introduction to advanced reporting like cash flows and revenue recognition under IFRS.

Upon completing this course, you will be able to prepare and adjust trial balances, perform reconciliations, correct accounting errors, and prepare complete financial statements, including cash flow statements and reports under IFRS and IAS standards. You will have a solid understanding of the full accounting cycle, preparing you to handle real-world financial reporting tasks.

Basic knowledge of accounting principles, such as understanding debits and credits, financial transactions, and how financial statements are structured, will be beneficial. However, this course is designed to be comprehensive and will cover all necessary concepts to ensure learners can successfully complete the course.

This course is ideal for accounting professionals, finance students, or anyone seeking to enhance their financial reporting skills. It is also suitable for those preparing for professional certifications like ACCA, CIMA, or CMA, or those working in roles requiring knowledge of financial reporting and reconciliation processes.

The course contains 11 hours of video content. The time to complete it will depend on the learner’s pace, but it is estimated to take several days to a few weeks to go through all the modules, depending on how much time is dedicated each day.

Yes, you can preview the first video and view the syllabus before you enroll. You must purchase the course to access content not included in the preview.

If you decide to enroll in the course before the session start date, you will have access to all of the lecture videos and readings for the course. You’ll be able to submit assignments once the session starts.

Once you enroll and your session begins, you will have access to all videos and other resources, including reading items and the course discussion forum. You’ll be able to view and submit practice assessments, and complete required graded assignments to earn a grade and a Course Certificate.

If you complete the course successfully, your electronic Course Certificate will be added to your Accomplishments page - from there, you can print your Course Certificate or add it to your LinkedIn profile.

This course is currently available only to learners who have paid or received financial aid, when available.

Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.

Financial aid available,